The global aluminum aerosol cans market is on a trajectory of robust growth, projected to increase from US$ 4.4 billion in 2023 to US$ 7.1 billion by 2033, at a steady compound annual growth rate (CAGR) of 4.8%. This expansion is driven by rising disposable incomes, urbanization, and increasing consumer preference for eco-friendly and convenient packaging solutions.
Core Concepts in the Aluminum Aerosol Cans Industry
- Expected CAGR: The overall market is expected to advance at a CAGR of 4.8% until 2033.
- Total Market Size by 2033: The global market size is forecasted to reach almost USD 7.1 billion by 2033.
- Leading Consumer Country: The United States currently dominates the global market with almost one-third of sales.
- Performance of China Market: The sales of aluminum aerosol cans in China are expected to grow at 8.5% per year through 2033.
- Promising Regional Market in Europe: The United Kingdom market is anticipated to witness a CAGR of 3.6% through 2033.
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Market Drivers:
- Growing Demand in Cosmetic and Personal Care Industries: The rising demand for cosmetic and personal care products, such as hair styling sprays and skincare products, is significantly boosting the adoption of aluminum aerosol cans. These cans are preferred for their durability, aesthetic appeal, and ability to preserve the quality of the contents.
- Expansion in the Food Industry: The food industry is increasingly utilizing aluminum aerosol cans for products like cream toppings. The cans offer excellent protection from leakage and extend the shelf life of products, which is driving their market growth.
- Automotive Industry Adoption: The automotive sector’s demand for aluminum aerosol cans for packaging polish, paint, and spray is contributing to the market’s expansion. These cans are favored for their convenience, durability, and ability to maintain the quality of automotive products.
- Eco-Friendly and Hygienic Packaging: Consumers’ growing awareness of eco-friendly, hygienic, and convenient packaging solutions is propelling the market forward. Aluminum aerosol cans are 100% recyclable, making them an environmentally sustainable choice.
- Innovative Designs and Technologies: Manufacturers are focusing on developing various designs and shapes of aluminum aerosol cans to enhance their aesthetic appeal. The adoption of advanced technologies to create cost-effective, lightweight, and premium products is further fueling market opportunities.
Sustainability Initiatives:
The cosmetic and automotive industries are increasingly utilizing eco-friendly packaging materials, driving market opportunities. Recycling aluminum cans is a key focus for market players, enhancing energy efficiency and sustainability. For instance, in February 2021, Trivium Packaging, a sustainable metal packaging company, launched new recycling initiatives in Argentina. The company collects and recycles used cans, contributing to environmental sustainability.
Market Projections:
- 2023 Valuation: USD 4.4 billion
- 2033 Valuation: USD 7.1 billion
- CAGR: 4.8% from 2023 to 2033
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Who is Winning?
A few of the key players fragment the market in the global market. These market players play a crucial role in the global market by innovating products through advanced sustainable technology. In addition, market vendors invest in research & development activities to acquire maximum profit in the market.
The market players are focused on recyclable aluminum aerosol cans to reduce wastage. Through distribution channels, including online, retail shops, and others, the players increase the sales of their innovative products by attracting consumers’ attention. The high quality and non-hazardous packaging products advance the market to another level. The marketing methodologies adopted by these players are mergers, collaborations, acquisitions, product launches, and partnerships.
Other Key Players in the Market are:
- Ball Corporation
- Crown Holdings, Inc.
- Alucon PCL
- CPMC Holdings Ltd
- Kian Joo Can Factory Bhd.
- CCL Industries Inc.
- Nampak Limited
- China Aluminum Cans Holdings Ltd.
- BWAY Corporation
- Toyo Seikan Group Holdings Ltd
- Linhardt GmbH & Co KG
- Montebello Packaging Inc
- Euro Asia Packaging (Guangdong) Co., Ltd
Recent Developments:
- In May 2020, the Swiss packaging companies Beiersdorf and Nussbaum announced their new product launched aerosol cans made from 100% recyclable aluminum.
- In January 2019, an aluminum aerosol packaging leader Ball Corporation announced its new launch of a 360-degree aerosol Can in Paris. Through this product, the company expands its business portfolio in rigid packaging across the globe.
- In March 2021, a leading beverage company Damm achieved ASI (Aluminum Stewardship Initiative) and a Chain of Custody Standard certificate for their cans.
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Market by Category
By Capacity Type:
- Less than 100 ml
- 100 to 250 ml
- 251 to 500 ml
- More than 500 ml
By Product Type:
- Shaped Wall
- Necked In
- Straight Wall
By End-use Industry:
- Cosmetics & Personal Care
- Household Products
- Automotive/Industrial
- Others
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