Aerosol can market to be worth $15.42bn by 2030
The global aerosol can market size was $10.02billion in 2022 and is set to rise from $10.52 billion in 2023 to $15.42 billion by 2030, recording a CAGR of 5.62% from 2023 to 2030.
Fortune Business Insights shares this information in its report titled “Aerosol Can Market Size, Share, Growth and Forecast Report 2023-2030.”
An independent dispensing device called an aerosol allows a substance to be held in a container and released as a tiny spray, mist, or foam.
The growing usage of these cans in the food industry to prevent product contamination and spills, such as frosting of pastries and cheese foam, is increasing their demand in this sector. Market growth is attributed to the increasing need for aerosol cans in the automotive, paints, and personal care industries due to their many benefits.
The Aluminium Segment Dominates the Market due to its Affordability
By material, the market is categorised into aluminium, steel & tinplate, and plastic. Aluminium is the leading segment of the global market.
Aluminium is the leading segment of the global market. Due to its superior physical qualities over other materials, aluminium is preferred by producers, retailers, and most importantly, purchasers. It is portable, easy to use, and affordable to ship domestically and internationally.
Surging Need for Necked-In Cans in the Industrial Sector is Fostering Segment Growth
On the basis of product type, the market is classified into straight wall, necked-in, shaped, and others.
The necked-in segment accounts for the highest global market share. The content of necked-in cans is safe since they are sealed, protecting them from infection. The increasing need for necked-in cans in the industrial sector to remove residue from engines and enhance shine is boosting segment growth.
Increasing Demand for Personal Care Products Fuelling Segment Growth
In terms of application, the market is divided into personal care, home care, pharmaceutical, automotive & industrial, paints, and others. The personal care segment is commanding the global market. The personal care segment is extremely competitive and offers a large variety of products. The increasing demand for personal care products as a result of rising hair and body care product usage is augmenting segment growth.