The Global Aerosol Cans Market Growth Accelerated By Sustainability Advantages

 

Aerosol Cans Market.

Aerosol cans are metal or plastic containers that can deliver various products such as personal care items, food, paints, disinfectants, and insecticides in an atomized form. Aerosol cans provides convenience of usage, easy application and portability to consumers for various applications. The global Aerosol Cans Market is estimated to be valued at US$ 18.54 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market key trends:

Sustainability has become an important trend in the Aerosol Cans Market. Manufacturers are focusing on developing recyclable and sustainable aerosol packaging solutions to meet changing consumer preferences for eco-friendly products. For instance, companies are coming up with innovative aerosol cans made from recycled materials like recycled aluminum and steel which reduces carbon footprint and waste generation. The growing demand for sustainable packaging coupled with stringent government regulations regarding non-degradable plastics is expected to drive the growth of recyclable aerosol cans over the forecast period.

Segment Analysis

 

The global aerosol cans market is dominated by the personal care segment. Personal care constitutes around 35% of the overall market share. Aerosol cans are widely used for packaging personal care products such as deodorants, hair spray, shaving foam etc. The growth of this segment is attributed to the increasing popularity of personal grooming products among consumers worldwide.

 

Key Takeaways

 

The Global Aerosol Cans Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to increase from US$ 18.54 Bn in 2023 to reach over US$ 25 Bn by 2030, expanding at a CAGR of around 5.4%.

 

Regional analysis

Asia Pacific region constitutes the largest share in the global aerosol cans market and is expected to grow at the highest pace during the forecast period. Factors such as rapidly growing economies, increasing disposable incomes, and expansion of retail markets in countries such as China, India, Indonesia and Vietnam are expected to drive the demand for aerosol cans. India and China alone contribute to around 35% of the global market share.

 

Key players operating in the aerosol cans market are LG Chem, Hanmi Pharmaceutical Co., Ltd., Boryung Pharmaceutical Co., Ltd., Novartis AG, EirGenix, Inc., Biocon Limited, G.L. Pharma GmbH, Daewoong Pharmaceutical Co., Ltd., Sandoz International GmbH, Boryung Pharmaceutical Co., Ltd., VHB Life Sciences Limited, HanAll Biopharma, Taiba Healthcare, Huons Co., Ltd., Dong-A ST Co., Ltd. Focus on new product development and partnerships with personal care brands are the key strategies adopted by leading players to gain competitive advantage.

 

Get More Insights Here

https://www.newsstatix.com/aerosol-cans-market-size-share-growth-outlook-2023/

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