The global volume sale of aerosol cans was 17.1 Billion units in 2016 and is estimated to reach 20.54 Billion units by 2022, growing at 3.1% y-o-y, while in terms of revenue; the value was USD 58.4 Billion in 2016 and is estimated to grow at a rate of 3.58%, reaching USD 72.12 Billion in 2022.
Europe has the highest market share of aerosol cans market in 2016 while APAC region is the fastest growing market during the projected period. Latin America market is witnessing collaboration between companies in terms of joint ventures, mergers and acquisitions, etc. to take advantage of anticipated growth in the aerosol can market The largest single aerosol segment, deodorants, anti-perspirants & body sprays, is also a strong category showing a 7% growth, for the period 2016-2022.
Deodorants, Sprays and hair mousse are the leading end markets of the metal aerosol cans in the European region. The suppliers are under pressure for forward integration with the Research and Development departments of the aerosol can manufacturers.
Over the past decade, customers and consumers have been more interested in sustainability. Specifically when it comes to features of the product, light weighting is the one that has prime importance. Companies are striving to manufacture light weighting aerosol cans which would indirectly decrease the raw material prices as a result of less usage.
Plastic packaging is considered to be one of the substitutes for this market. However, other substitutes like aluminum cans, steel cans, and plastic are also used on a case by case basis.
With aerosol cans market not being a fast growing market, profitability of a company depends on how well the cash is used with reference to expected profits.
Key Topics Covered:
1. Research Methodology
2. Market Overview
Industry Value Chain Analysis
Industry Attractiveness - Porter's 5 Force Analysis