Global Aerosol Cans Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Increasing Demand from China and India is Expected to Foster Growth

The Global Aerosol Cans Market is estimated to be USD 11.44 Bn in 2023 and is expected to reach USD 14.06 Bn by 2028 growing at a CAGR of 4.21%.

The personal care and cosmetics industries are significant consumers of aerosol cans for packaging products like hairsprays, deodorants, perfumes, and shaving creams. The demand for aerosol cans in these industries is driven by their convenience, precise dispensing, and the ability to preserve the quality of cosmetic and personal care products. As consumers continue to seek convenient packaging and effective product application, the aerosol cans market benefits from the growing demand for such products.

While aerosol cans offer advantages in dispensing and convenience, alternative packaging options are available for various products. These alternatives, such as pump dispensers, squeeze tubes, or roll-on containers, offer different ways to package and dispense products. Additionally, some of these alternatives may be more cost-effective than aerosol cans. The availability of these alternatives can pose a challenge for the aerosol cans market, as manufacturers and consumers weigh factors like cost, environmental impact, and product compatibility.

The aerosol cans market has substantial growth potential in emerging economies. As these economies experience industrialization, urbanization, and rising incomes, there is a growing middle-class population with increased purchasing power. This leads to higher consumption of aerosol-packaged products, such as insect repellents, air fresheners, and cooking sprays. Additionally, manufacturers in these regions are expanding their product offerings, contributing to the growth of the aerosol cans market. The rising demand from emerging economies is a significant driver for this market.

Market Segmentations

• The Global Aerosol Cans Market is segmented based on Type, Product Type, Material, End-Use, and Geography.
• This section introduces categorizing the aerosol cans market based on the type of gas or propellant used. The choice of gas plays a critical role in the functionality and safety of aerosol products.
• Liquefied gases, often hydrocarbons like propane or butane, are commonly used as propellants in aerosol cans. These gases are stored in a liquid state inside the can and vaporize when the valve is opened, allowing the product to be dispensed. Liquefied gas aerosol cans are widely used for spray paints, deodorants, and cooking sprays.
• Compressed gases are typically non-liquefied gases, such as air or nitrogen, used as propellants in some aerosol cans. Unlike liquefied gases, these gases are maintained in a gaseous state inside the can, and pressure is used to expel the product. Compressed gas aerosol cans are often used for products like medical inhalers or air fresheners.
• This section introduces the concept of categorizing the aerosol cans market based on the design and structure of the cans. The choice of product type can affect factors like manufacturing, recycling, and product compatibility.
• One-piece aerosol cans are made from a single continuous piece of metal, usually aluminum or steel. These cans are seamless and have a single-piece body. They are commonly used for various aerosol products and are known for their durability and recyclability.
• Three-piece aerosol cans are constructed from three separate components: the body, the top, and the bottom. These cans are often made of steel and are commonly used for products like spray paints. They provide flexibility in size and design but may be less preferred for products that require a more continuous, seamless appearance.
• The choice of gas type (liquefied or compressed) impacts the aerosol can's functionality, while the choice of product type (1-piece or 3-piece) affects aspects like design, manufacturing, and recycling. Understanding these segments is important for manufacturers and consumers to select the right aerosol can for their specific needs and products.

Recent Development

• Trivium Packaging expanded the recycling and reuse of aluminum from Aerosol cans in Latin America through the Creando Concienca Partnership. It aims to raise awareness and accelerate sustainability practices for customers and the planet. - March 2021

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Chevron Renewable Energy Group, CHN Energy Investment Group Co. Ltd., Dakota Gasification Co., ExxonMobil Corp, Inner Mongolia Yitai Co. Ltd., etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Aerosol Cans Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Aerosol Cans Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Aerosol Cans Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market