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Aerosol Cans Market worth $12.2 billion by 2026 | Latest Update

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Abhijeet W
Aerosol Cans Market worth $12.2 billion by 2026 | Latest Update

The report "Aerosol Cans Market by Material (Aluminum, Steel, Plastic), Product Type, Type (Liquefied Gas, and Compressed Gas), End-use Sector (Personal Care, Healthcare, Household Care, Automotive), and Region - Global Forecast to 2026" The aerosol cans market is projected to reach USD 12.2 billion by 2026, with an expected CAGR of 3.7% between 2021 and 2026. The aerosol cans market size is projected to grow from USD 10.2 billion in 2021 to USD 12.2 billion by 2026, at a CAGR of 3.7%. The aerosol cans market is witnessing growing demand from end-use industries such as personal care, household care, automotive, healthcare, and others.

 

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COVID-19 impact on the Global Aerosol Cans Market

Initially, aerosol cans manufacturing was halted due to the sudden lockdown of the countries and shutdown of manufacturing facilities and their operations. Most of the aerosol can products fall under the non-essential category except healthcare; thus, companies were forced to stop aerosol cans production. Companies started the production of sanitizer bottles, facemasks, and other essential products to curb the losses due to the pandemic. After the lockdown restrictions were removed, companies started their manufacturing operations and have introduced and started the production of small aerosol cans, compared to the average aerosol can size. This is due to the uncertainty the pandemic has created in customers’ minds. As most of the aerosol cans packaged products fall under the non-essential category, customers are willing to invest in the same for immediate and short-time use, thus reducing the average can size.

Driver: Growth of the cosmetic & personal care industry

The aerosol cans market is witnessing an increase in demand from end-use industries such as cosmetic & personal care, food & beverages, and healthcare. The personal care industry accounted for nearly 58.6% of the aerosol cans market; growth in this industry highlights the growth potential for aerosol cans. Factors such as rising disposable income, change in consumer lifestyles, product presentation & differentiation, and rising demand for personal care products such as deodorants, hair sprays, and face & body creams will increase the consumption of aerosol cans. The retail industry, which is currently witnessing a shift from unorganized to organized retail, will also augment the demand for aerosol cans.

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Restraint: Availability of alternatives in terms of packaging and price

Materials that are used in the manufacture of aerosol cans are relatively more expensive than their traditional alternatives. In addition to that, manufacturing cost also adds to the total cost of the product, along with disposing cost. For applications that do not necessarily require spray dispensing, cheaper alternatives in the form of a tube, thermoform, other flexible packages, and rigid plastic and metal packages are available. For spray applications, aerosol cans are being replaced by refillable spray bottles. Moreover, refillable spray bottles are cheaper in comparison to aerosol cans as they do not need disposing. This also makes them more environmentally friendly. This factor might restrict the growth of this market during the forecast period.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]
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