The global aluminium aerosol cans market was valued at US$ 3,237.4 Mn in 2017 and is projected to expand at a CAGR of 5.5%, during the forecast period.
The sustainable and renewable nature of aluminium is primarily driving the aluminium aerosol cans market. Growing applications of aluminium aerosol cans in industries other than cosmetic is another factor driving the market. Growth in the trade of home and personal care products has been more prominent in the past few years. The cosmetic & personal care segment of the aluminium aerosol cans market accounts for the highest market share.
The ongoing technological boom to meet the ever-increasing demand is expected to provide the aluminium aerosol cans market the necessary push to have a largely positive outlook for growth during the forecast period.
Global Aluminium Aerosol Cans Market: Dynamics
The introduction of new and innovative products in the market helps cater to the demand for customized packaging solutions. There is an increase in the demand for several personal care products packed in aluminium aerosol cans, including deodorants and hair sprays. Deodorant sprays are a majorly sold product type in the personal care segment, and their demand is expected to increase in the coming years, which further drives the aluminium aerosol cans market.
There is an increase in the demand for these products due to good consumer spending on this product group. The increasing demand for innovative and attractive cars with shiny surfaces in the automotive industry is contributing to the growth of the aluminium aerosol cans market. Aerosol paints are fast-drying paints and easy-to-use for automotive refinish applications.
These aerosol paints are stored in the aluminium aerosol cans that offer high barrier properties. The automotive and industrial segment of end-use industry of the aluminium aerosol cans market to have the highest CAGR during the forecast period.
Another factor driving the demand for aluminium aerosol cans market is the increasing awareness of eco-friendly packaging solutions. Steel and aluminium aerosol cans are made up of 100% recyclable material. Manufacturers are more preferring aluminium aerosol cans as aluminium is a so-called permanent material, which can be recycled infinite number of times without any loss in quality.
In the past few years, standard aerosol cans are being replaced by aluminium aerosol cans owing to their lightweight. Aluminium aerosol cans are light in weight making them a suitable choice for packaging industries. The demand for lightweight packaging is increasing in every sector boosting the demand for aluminium aerosol cans.
Consumers are preferring the lightweight aluminium aerosol cans owing to their high strength and corrosion resistance properties. Consumers usually prefer aluminium aerosol cans of 100-250 ml category. According to FMI analysis, the demand for 100-250 ml category is highest from the MEA region and the aluminium aerosol cans market will have a positive outlook in the region during the forecast period.
Global Aluminium Aerosol Cans Market: Taxonomy
The global aluminium aerosol cans market has been segmented on the basis of capacity type into less than 100 ml, 100-250ml, 251-500 ml and more than 500 ml categories. Of these, the 100-250 ml segment accounts for the major share of the global aluminium aerosol cans market.
On the basis of product type, the study includes necked in, shaped wall and straight wall types. Of these, the shaped-wall segment will grow at a healthy CAGR in the global aluminium aerosol cans market.
On the basis of end use industry , the global aluminium aerosol cans market has been segmented into cosmetics & personal care, household products, automotive or industrial, and others. The cosmetics and personal care segment in the global aluminium aerosol cans market is expected to heavily dominate the market during the forecast period.
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Global Aluminium Aerosol Cans Market: Competitive Landscape
The major manufacturers of aluminium aerosol cans profiled in this report include – Ball Corporation, Crown Holdings, Inc., Alucon PCL, CPMC Holdings Ltd, Kian Joo Can Factory Bhd., CCL Industries Inc., Nampak Limited, China Aluminium Cans Holdings Ltd., TUBEX GmbH, and Bharat Containers, Exal Corporation, BWAY Corporation, Toyo Seikan Group Holdings Ltd, Linhardt GmbH & Co KG, Montebello Packaging Inc, Euro Asia Packaging (Guangdong) Co., Ltd, Shanghai Sunhome (Group) Co., Ltd., Alltub SAS
Many local and unorganized players are also expected to contribute for the growth of aluminium aerosol cans market.
Global Aluminium Aerosol Cans Market: Key Developments
The key players in the aluminium aerosol cans market are looking forward to expansion through organic & inorganic methods such as, acquisitions & mergers, product launches, etc. For instance,
- In January, Ball Corporation received the 2017 Asia CanTech Award, for its Riya Bindas Mania aluminum aerosol can for deodorant from CanTech International.
- World Aluminium Aerosol Can Award was achieved by CCL Containers for launching a new innovative product named “TAG Body Spray”.
Key Questions Answered by the Report
- What is the size of the aluminum aerosol cans market?
The aluminum aerosol cans market was valued at US$ 3.2 billion in 2017. The estimated growth rate for the aluminum aerosol cans market is a healthy 5.5% CAGR between 2018 and 2027.
- Which are the largest markets for aluminum aerosol cans?
Europe is a major market for aluminum aerosol cans. Initiatives towards waste reduction, particularly in the United Kingdom and Germany will bolster the development of the regional market.
- Which are the top companies in aluminum aerosol cans market?
Alltub SAS, Ball Corporation, Shanghai Sunhome Co. Ltd., Crown Holdings Inc., Euro Asia Packaging Co. Ltd., Alucon plc, CPMC Holdings Ltd., Montebello Packaging Inc., and Kian Joo Can Factory Bhd. Are among the leading market players in the global aluminum aerosol cans market.
- What are the uses of aluminum aerosol cans?
Aluminum aerosol cans are primarily used in the storage and transportation of personal care and paint & coating products. The industry is also finding niche growth in the food and beverage packaging sector.
- In what sizes are aluminum aerosol cans available?
Manufacturers produce aluminum aerosol cans in four capacities – below 100 ml, 100-250 ml, 251 - 500 ml, and above 500 ml. The demand for 100 to 250-ml aluminum aerosol can options owing to applications in the personal care industry.
- What is the outlook of the European aluminum aerosol cans market?
Recycling and waste reduction initiatives, coupled with fashion trends in Spain and France are bolstering the adoption of aluminum aerosol cans for the production of shaving gels, hair mousses, and deodorants.
- What are notable industry developments in the past few years?
The aluminum aerosol cans market is witnessing increased interest towards geographic and production expansion with strategies of product launches, and mergers and acquisitions, aimed towards the growing demand from a widening range of end use industries.
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Key Segments Covered in the Aluminium Aerosol Cans Market
By Capacity Type
- Less than 100 ml
- 251-500 ml
- More than 500 ml
By Product Type
- Necked In
- Shaped Wall
- Straight Wall
By End Use Industry
- Cosmetics & Personal Care
- Household Products
Key Regions Covered in the Aluminium Aerosol Cans Market
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Rest of APEJ
- GCC Countries
- South Africa
- Rest of MEA