"The Growing Popularity Canned Beverages, Is Likely to Aid in the Market Growth of Metal Aerosol Can."
Metal Aerosol Can Market size is forecast to reach $13.2 billion by 2026, after growing at a CAGR of 4.1% during 2021-2026. The aerosol aluminum cans are self-contained dispensing, where a substance is stored inside a small metal canister and holds the substance for a longer period of time (specially in personal care packaging), this tends to increase the market growth for metal aerosol can industry. Metal Aerosol cans are one of the prominent part of packaging industry in products such as spray can (mosquito repellent spray, deodorants among others), beverages bottles and others. However, growing public interest towards personal care and home care products will further enhance the overall demand for metal aerosol can market during the forecast period.
COVID Impact
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are in standstill mode. According to International organization of Aluminium Aerosol Container Manufacturers (AEROBOL), the COVID-19 pandemic has not been much successful in affecting the global production of aerosol cans. The output declined only moderately in the first half of 2020, as said by the AEROBOL organization.
Metal Aerosol Can Market Segment Analysis - By Type
Aluminium segment held the largest share in the metal aerosol can market in the year 2020 and is expected to grow at a CAGR of 3.7% during the forecast period. The aluminum cans provide high quality standards and excellent barrier properties for product integrity. They are quite easy to store and allows safe handling along the whole transportation of the product as they are leak proof container without welds and have great resistance to internal pressure. So owing to these reasons the market growth for metal aerosols can are driving.
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Metal Aerosol Can Market Segment Analysis - By End Use Industry
Personal Care has been the primary market for metal aerosol can market in the year 2020 and is expected to grow at a CAGR of 3.9% during the forecast period. Metal aerosol cans are thin walled pressure vessels which are used for the numerous products in the personal care such as deodorants, shaving foams and others. These aerosols were preferred as they are light-weighted, simple, reliable and safe. According to AEROBAL (International Organization of Aluminium Aerosol Container Manufacturers), almost 84% of total production of aluminum aerosol in 2018 went into the cosmetics sector. Deodorants and perfumes accounted for 57%. Hair sprays (about 9%) and hair mousse (about 6%) also accounted for larger shares. Therefore, with the growing demand of aerosols can towards personal care is expected to drive the market growth for metal aerosol market.
Metal Aerosol Can Market Segment Analysis - By Geography
APAC has a significant growth for metal aerosol can market in the year 2020 and is expected to grow at a CAGR of 4.2% during the forecast period. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India. One of the major reasons behind APAC being the largest consumer for metal aerosols can, is its applications in automotive sector such as polish, de-icers, car paints, window & engine cleaners or other special cleaning agents, degreasers, penetrating lubricants and many others. According to OICA’s (International Organization of Motor Vehicle Manufacturers) production statistics of 2019, China is the largest producer of automotive around the globe. Whereas India is the 5th largest producer automotive producer. So, with the growing demand and manufacture of automotive in this region, the metal aerosol market is expected to grow in the forecast period.
Metal Aerosol Can Market Drivers
Growing Demand in Cosmetic Industry
The metal aerosol can, are increasing in the beauty and personal care packaging, as these metal packaging are very sustainable to store in shelves for certain period of time. In addition, according to Cosmetic, Toiletry, and Perfumery Association, U.K cosmetic sector is of about USD $11,928.11 million (£9,347.6 million). So, with the increasing public interest towards beauty and personal care products will led to increase in demand for metal aerosol can market.
Recyclability of Aerosol Cans
The recyclability and reusability of aerosol cans act as an important driver for the growth of the market. Being made from metals, or aluminum, these cans are 100% recyclable. It also helps can users in obtaining a cost advantage in packaging. Additionally, recycling metal cans can save energy also, which leads to reduced energy consumption in product recycling. As a result, recycled cans are priced cheaper than newly manufactured cans. Hence the recyclable nature aerosol cans are driving the market growth for metal aerosol cans.
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Metal Aerosol Can Market Challenges
Overheating of Cans
Accidents at workplaces involving aerosol often occurs, when the cans are left in the sun, in a car or placed to a hot machine. The pressurized cans can quickly explode due to overheating causing injuries. In December 2019, a house has been severely damaged in an explosion caused by a tumble dryer fire and aerosol cans in which one person was injured. So, negligence towards keeping aerosol cans properly, might cause injurious to the workers and constrain the market growth for metal aerosol cans.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the metal aerosol can market. Major players in the metal aerosol can market are Crown Holdings, Inc, Ball Corporation, Ardagh Group, Bway Corporation, Exal Corporation, Tunap Group, Igepak S A, Varena Aer Product Gmbh, Maharashtra Metal Work Pvt Ltd, and Lindal Group, Hasplast, among others.
Acquisitions/Technology Launches
In August 2020, Ball Corporation has completed the acquisition of Tubex Industria E Comercio de Embalagens Ltd, an impact extruded aluminum aerosol packaging business that includes a manufacturing plant in Itupeva, which is near Sao Paolo, Brazil.
In October 2019, Exal Coporation has combined with Ardagh’s metal packaging business to form trivium packaging. The business combination will create one of the largest metal packaging companies in the world, bringing together Ardagh’s leading position in tin-plate steel packaging with Exal’s leadership in aluminum packaging.
Key Takeaways
Asia-Pacific has a significant growth in the metal aerosol can market owing to increasing demand from applications such as automotive, personal care and others.
The growing popularity canned beverages, is likely to aid in the market growth of Metal aerosol can.
Increasing adoption of car spray cans in car manufacturers will enhance the overall demand for metal aerosol can market in the automotive sector as well.
As cans may explode due to overheating, this is expected to create fear among the workers and hence will create hurdles for the metal aerosol can market.
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https://www.industryarc.com/Report/15382/aerosol-market.html
B. Aerosol Can Market
https://www.industryarc.com/Report/19676/aerosol-can-market.html
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