Global aerosol cans market to reach $10.16bn by 2030
The global aerosol cans market size is projected to reach $10.16billion by 2030, growing at 4.7% CAGR, according to a new report by Market Research Future (MRFR).
Aerosol cans are self-contained dispensing systems that store substances inside their small metal canisters, with the content then pushed out in the form of fine mist, a foam or a spray.
This dispensing system contains around five elements that together deliver a consistent product. These elements are propellent, solvent, valve, active ingredients, and cans.
Aerosol cans are generally made of either steel or aluminium. These are efficient packaging solutions that fit every feature of execution during transportation, convenience, and storage to the consumer.
The important vendors in the aerosol can market include
- Toyo Seikan Group Holdings Limited
- Crown Holdings
- Reckitt Benckiser
- CCL Industries
- Honeywell International Inc.
- Ball Corporation
- Ardagh Group
The aerosol can market stands to benefit from the rapid expansion of the modern retail format. The rapid growth trajectory of modern retail prompts the FMCG companies to emphasise more on the packaging format, which helps them bolster their customer reach in restricted shelf space.
Another growth-inducing factor can be the easy portability and storage of aerosol cans, which give them lightweight, unbreakable, and easy to hold properties during transportation.
Aerosol cans’ recyclable nature bolsters their appeal among end-users and consumers as well. The rapidly accelerated demand for aluminium aerosol cans can be a notable prevalent trend seen among manufacturers.
With the rapidly mounting disposable incomes of consumers across developing regions and the subsequent rise in their purchasing capacity, the worldwide market can expect substantial growth in the next couple of years. More and more vendors are indulging in strategic activities including research and development as well as technological innovations to achieve a higher standing in the aerosol cans market.