Global aerosol cans market to hit $14bn by 2028
The global aerosol cans market is expected to grow from $8.01billion in 2020 to $14.04billion by 2028 at a CAGR of 6.21% during the forecast period 2021-2028, according to the new report published by The Brainy Insights.
Reusability and recyclability of aerosol cans serve as a major factor for the growth of the aerosol cans market.
These cans are made of metal, glass, or plastic (such as PET), so they can be recycled indefinitely.
Users also get the cost advantage of packaging while addressing concerns about disposability because they are manufactured according to environmental regulations for decomposition.
Aerosol cans are containers for substances that are stored as aerosols, such as paints, polishes, and insecticides.
These cans are a type of dispensing system that produces an aerosol mist of liquid particles. These aerosol cans are mainly composed of aluminium or steel.
Aluminium is steadily gaining the market share because it acts as a complete barrier to air, light, humidity, bacteria, and other gases.
Moreover, it is a corrosion-resistant material, which protects the content of the cans against deterioration.
The widespread use of aerosol cans for spraying fertilisers and pesticides in the agricultural industry is expected to drive the growth of the aerosol can market.
Also, the requirement of established retailers from the fast-moving consumer goods (FMCG) companies to innovate packaging solutions is anticipated to drive the aerosol cans market.
However, the existence of cheaper alternatives for packaging is expected to hold back the growth of the aerosol can market.
Key players operating in the global aerosol cans market include BWAY Corporation, Aerobal, S.A. de C.V., Ball Corporation, Aero-pack Industries, Inc, Ardagh Packaging Holdings Limited, Avon Crown caps& Containers (Nig.) Plc, CCL Industries, Inc., Crown Holdings, Inc., DS Containers, Inc., Exal Corporation, ITW Sexton Can Company Inc. MidasCare Pharmaceuticals Pvt. Ltd. and Nampak Ltd., among others.