The aluminum aerosol cans market is likely to capture a valuation of USD 4.4 billion in 2023 and is expected to rise to USD 7.1 billion by 2033. The market is projected to secure a CAGR of 4.8% during the forecast period.
Manufacturers' Focus on Sustainability Increase the Market Growth
The cosmetic and automotive industries prefer utilizing eco-friendly materials for packaging products that drive market opportunities. The growing trends, advanced technologies, and innovation of products are increasing the sales of aluminum aerosol cans.
Recycling aluminum cans by market players containing more energy efficiency fueling global market opportunities. In February 2021, a sustainable metal packaging company Trivium Packaging announced its new initiatives for groundbreaking recycling in Argentina. The company collects used cans and recycles them.
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Rapid trends in online shopping, the Internet of Things, and e-commerce websites all around the globe are increasing market opportunities. People easily connect and purchase products through an e-commerce website with their mobiles. It saves their time and money and provides home delivery while sitting at home.
The prominent players are selling their products online in vast quantities to engage more relevant customers. Moreover, promoting and advertising brands on social media and e-commerce websites are bringing lucrative market growth.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 4.8% |
| Market Valuation (2023) | USD 4.4 billion |
| Market Valuation (2033) | USD 7.1 billion |
According to Future Market Insights, the global aluminum aerosol cans market registered a healthy 4.8% CAGR during the forecast period. Historically, the market registered a CAGR of 5.4% between 2017 and 2022.
The end-use sectors such as industrial, household products, and cosmetics are surging the market by capturing huge revenue in recent years. Nowadays, manufacturers develop high-strength, lightweight, and corrosion-free aluminum aerosol cans. In addition, the storage of several products such as sanitizers, skin care, deodorant, and fragrance are accelerating the demand for aluminum aerosol cans by 2033.
During COVID-19, the sales of aluminum aerosol cans contributed a maximum share of the global market. The healthcare sector uses a maximum quantity of aluminum aerosol cans for packaging sanitizers, hand washing, and other sprays. According to the International Organization of Aluminium Aerosol Container Manufacturers, in mid-2021, the members of global shipments fell by 3.9% and collected 2.9 billion units.
Short Term (2023 to 2026): Increasing demand for standardized products, rapid urbanization, and population drive market growth. In addition, end-use companies are adopting sustainable cans to avoid toxicity, making short-term growth satisfying for the manufacturers.
Medium Term (2026 to 2029): Innovative products and advanced technologies in emerging economies such as China boost the market in the Asia Pacific region, during the forecast period.
Long Term (2029 to 2033): During this period, rising government initiatives, research & development activities, recycling process, and huge investments by leading market players for sustainable development drive the aluminum aerosol cans market.
The market is estimated to reach USD 7.1 billion during the forecast period. Historically, the market stood at USD 4.1 billion from 2017 to 2022.
Based on capacity type, 100 to 250 ml aluminum aerosol cans dominate the global market during the forecast period. The rising consumption of these cans in the personal care & automotive industries is fueling the market share.
The adoption of 100 to 250-ml aluminum aerosol cans are increasing due to their convenient packaging products. Other segments, including 251 ml to 500 ml, less than 100 ml, and others, are capturing better revenue in the global market.
Based on product type, the necked in segment dominates the global market by securing a CAGR of 5.2% during the forecast period. Adopting these cans is further used in packaging products from automotive to cosmetic products.
The necked in aluminum cans are durable, flexible, easy to carry, and convenient, significantly upsurging the market growth. As a result, the necked in segment captured a CAGR of 5.5% in the historical period between 2017 and 2022.
Based on the end-use industry, the cosmetic & personal care sector is capturing considerable revenue and an impressive CAGR of 5.0% in the market by 2033. The rising adoption of cosmetic products for healthy glowing skin and better hair growth increases the sales of aluminum aerosol cans.
Cosmetic products such as creams, lotions, deodorants, shaving creams, and sanitizers influence market size. In the historical period, cosmetic & personal care secured a CAGR of 5.5% between 2017 and 2022.
| Country | United States |
|---|---|
| Forecast CAGR | 4.0% |
| Historic CAGR | 4.9% |
| Valuation (2033) | USD 1.6 billion |
| Country | China |
|---|---|
| Forecast CAGR | 8.5% |
| Historic CAGR | 7.5% |
| Valuation (2033) | USD 1.3 billion |
| Country | Germany |
|---|---|
| Forecast CAGR | 4.2% |
| Historic CAGR | 5.1% |
| Valuation (2033) | USD 586.4 million |
| Country | United Kingdom |
|---|---|
| Forecast CAGR | 3.6% |
| Historic CAGR | 4.2% |
| Valuation (2033) | USD 425.6 million |
| Country | France |
|---|---|
| Forecast CAGR | 6.8% |
| Historic CAGR | 6.3% |
| Valuation (2033) | USD 581.9 million |
The United States is dominating the market by capturing a CAGR of 4.0% with a valuation of USD 1.6 billion during the forecast period. The increasing consumer spending on cosmetic brands due to the high standard of living is driving the United States market size. In addition, the rapidly growing automotive sector, research & development activities, and the presence of leading players propel the United States aluminum aerosol cans market.
The adoption of aluminum aerosol cans due to their flexible and convenient packaging of several end-use industries' products fuels the market size. In addition, the manufacturers are developing sustainable and eco-friendly packaging products to avoid toxicity and bolster the market in the country. As a result, growing trends, advanced technologies, and government support for promoting recycling aluminum aerosol cans are upsurging market opportunities in the United States.
In 2019, the United States Environmental Production Agency announced its new launch of recycled aerosol Cans. This launch promotes the recycling process and reduces the level of landfill waste.
The market in the United Kingdom captured a CAGR of 3.6% with a valuation of USD 425.6 million by 2033. The rising e-commerce websites, digitization, and online shopping trends influence the United States aluminum aerosol cans market. However, the presence of key players, research & development activities, huge investments, and government initiatives are increasing the sales of aluminum aerosol cans.
The top companies prefer to develop premium quality recycling cans as per strict laws imposed by the government in the United Kingdom. As a result, in the historical period, the United Kingdom market registered a CAGR of 4.2% between 2017 and 2022.
France is securing a CAGR of 6.8% with a valuation of USD 581.9 million during the forecast period. The country is one of the leading cosmetic product suppliers all around the globe. The presence of top cosmetic & personal care companies is increasing the demand for sustainable packaging solutions. As a result, cosmetic manufacturers are developing leakage-proof, lightweight, and designer cans that enhance the packaging style and attract consumers.
The lightweight aerosol cans are easy to transfer and fix in limited space. The rising focus on eco-friendly and innovative packaging is increasing France's aluminum aerosol cans market. In the historical period, the France market captured a CAGR of 6.3% between 2017 and 2022.
China is a significantly growing country globally, securing a CAGR of 8.5% with a valuation of USD 1.3 billion by 2033. The increasing automotive and cosmetic businesses are capturing lucrative growth in the country. In addition, the rising demand for aluminum aerosol cans for packaging agricultural products such as fertilizer, pesticides, and insecticides is driving the China aluminum aerosol cans market.
According to FMI, China market is continuously growing due to advanced packaging solutions, huge investments, and present manufacturers. In the historical period, China market captured a CAGR of 7.5% between 2017 and 2022.
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Prominent players consolidate the market in the global market. These market players contributed a crucial role by innovating advanced products. In addition, prominent players invest a considerable amount in research & development activities to carry out maximum revenue in the market.
They are focused on sustainable and recyclable aluminum aerosol cans to limit wastage. Through distribution channels, the key players advance the sales of products. They are focused on consumers' expectations are provide them with unique and better quality products. The marketing strategies include mergers, collaborations, agreements, acquisitions, partnerships, and product launches.
Recent Developments in the Aluminum Aerosol Cans Market are:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa |
| Key Segments Covered | Capacity Type, Product Type, End-use Industry, Region |
| Key Companies Profiled | Ball Corporation; Crown Holdings, Inc.; Alucon PCL; CPMC Holdings Ltd; Kian Joo Can Factory Bhd.; CCL Industries Inc.; Nampak Limited; China Aluminum Cans Holdings Ltd.; BWAY Corporation; Toyo Seikan Group Holdings Ltd; Linhardt GmbH & Co KG; Montebello Packaging Inc; Euro Asia Packaging (Guangdong) Co., Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The overall market is expected to advance at 4.8% CAGR until 2033.
The global market size is forecasted to reach almost USD 7.1 billion by 2033.
The United States currently dominates the global market with almost one-third sales.
The sales of aluminum aerosol cans in China to grow at 8.5% per year through 2033.
The United Kingdom market to witness 3.6% CAGR through 2033.
| Expected Market Value (2023) | USD 1,62,187.9 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 2,98,779.7 million |
| Projected CAGR (2023 to 2033) | 6.3% |
| Market Size (2023) | USD 443.1 billion |
|---|---|
| Market Size (2033) | USD 778.7 billion |
| Market CAGR (2023 to 2033) | 5.8% |
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