The global metal aerosol packaging market is anticipated to accumulate a market value of USD 7.38 billion in 2023 and is expected to garner a valuation of USD 12.6 billion by exhibiting a CAGR of 5.4% in the forecast period 2023 to 2033. The metal aerosol packaging market reflected a growth of 4 % CAGR in the historical period 2018 to 2022.
The extensive use of aerosol for spray bandages and the application of drugs meant for topical use are driving market growth. These aerosols are used for spray administration of drugs into various body cavities. Aerosol packaging is also used for administering drugs like local, local analgesics, local antiseptics, local anaesthetics, and anti-inflammatory drugs. For this purpose, metal aerosol packaging is employed to fulfil the desired requirement.
Aluminum aerosol packaging is widely used for packaging because of its airtight feature, which prevents the inside content from spillage or leakage. Aerosol cans are also tamper-resistant and tamper-evident. This feature makes them the most suitable option for aerosol packaging.
The increasing use of products such as deodorants, hair sprays, and others by the young population around the globe will drive the market to new heights in the coming years. Moreover, easy storage, as well as containment of the aerosol and rising technological advancement in packaging, will accelerate the growth of metal aerosol packaging market during the forecast period.
Innovation in shape and design of aerosol packaging will further create lucrative growth opportunities for the aerosol packaging market over the forecast period. The cosmetic and personal care industry uses metal aerosol cans for several goods like shaving foams, deodorants, and other items. To maintain the product quality and improve shelf life, airtight metal aerosol cans are employed which is expected to propel the product demand even more.
Growing consumer spending power and improving lifestyles is fuelling the demand for high-end personal care items, including deodorants, hairsprays, and body mists. This is directly creating the demand for aerosol packaging solutions.
Growing concern by the current generation for fitness, appearance, and health is further spurring growth in the market. Cosmetics are widely being used to enhance one's individuality by reviving skin tone, texture, and attractiveness. This will increase product sales in the coming years.
In addition, there has been a sharp rise in hair treatment in the past few years. For this purpose metal aerosol cans have found their increased use in packaging of hair care items.
Besides this, sustainable innovation in aerosol packaging is also stimulating growth in the market and which is leading to high sales of aerosol packaging. Furthermore, it is matching with the ongoing sustainable trend in the market which makes it possible for the key manufacturers to survive in the market.
Geographically, Europe is expected to dominate the market of metal aerosol packaging by commanding over 42% market share by end of the forecast period.
The market in this region will witness stable expansion in the worldwide market due to the presence of mature economies, like United Kingdom and Germany, which are leading from the front. Also, a rising focus on reducing packaging waste via the use of products from the aerosol insecticides market would contribute to market growth in the region.
Improved product shelf life would reduce waste and increase cost-effectiveness which will open new growth opportunities in the local market. Along with this, the market in this region is seeing a significant surge in demand for cosmetics and fragrances.
This will benefit the market in upcoming period. Furthermore, rising spending power of consumers is boosting the market and providing it with a much-needed push. The market is also expected to witness substantial development due to the painting and coating of automobiles manufactured in Europe.
Asia Pacific is expected to reflect a 5.2% CAGR during the forecast period. The economy in this region is mainly influenced by the economic dynamics of countries such as India and China.
Growing applications of metal aerosol packaging in the automotive sector such as de-icers, polishing, car paints, window & engine cleaners or other special cleaning agents, degreasers, penetrating lubricants, and many others will lead to regional market expansion.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 7.38 billion |
| Projected Market Value in 2033 | USD 12.6 billion |
| Growth Rate (2023 to 2033) | 5.4 % CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing metal aerosol packaging solutions are expected to create lucrative opportunities for market growth during the forecast period.
Aerosols find their application in deodorants, air fresheners, paints, medical products among many others. Aerosols are usually packed in metal vessels with pressurized spray lids used to disperse the fine particles. These metal vessels protect the aerosols to come in contact with the air outside and even sunlight to protect them from any damage.
Metal aerosol packaging is one of the most common aerosol packaging solution which makes it convenient for customers to use products easily.
Personal care products hold the highest market share for metal aerosol packaging. The segment is highly driven by the growing demand for personal care products by the customers. New and innovative products launch in the personal care segment is propelling the growth of the metal aerosol packaging market.
Factors like rising disposable income of individuals, changing consumer lifestyle and increasing usage of personal care and cosmetic products are shaping the market for metal aerosol packaging products.
Principal Consultant
Aluminium is expected to dominate the market for aerosol packaging due to its lightweight, anti-rusting properties and malleable features. The constant demand for aluminium based aerosol packaging is observed in the pharmaceutical and healthcare sectors. Products like pain-relieving sprays and asthma inhalers are some products which are continuously using metal aerosol packaging.
Other market drivers like the usage of metal aerosol packaging in the industrial and automotive industry are further shaping the market. The demand for metal aerosol packaging is also driven by the features like its portability, hygienic to use, lightweight and recyclable. Metal packaging is considered sustainable over plastic or paper packaging and highly preferred by customers.
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The expensive cost of manufacturing, increasing prices of metals and fluctuating demand for products is constantly challenging the manufactures in the metal aerosol packaging market. The retail industry is constantly experiencing changes in customer consumption which is directly affecting the metal aerosol packaging market.
Some of the key manufacturers making metal aerosol packaging products are
With a large manufacturer and consumer base, North America is expected to lead the market for Metal aerosol packaging followed by the Asia Pacific and Europe. Increasing urbanization and industrial growth in the Asia Pacific are some major factors for its growth.
Growing usage of paints, adhesives and advanced aerosol sealants is expected to grab metal aerosol packaging in the Asia Pacific. European markets are observing high demands for cosmetic and healthcare products which are reshaping the market of metal aerosol packaging in the region.
Due to the onset of a pandemic, metal aerosol packaging is facing challenges like gaps in the supply chain, increased costs of raw materials and labour shortage. However, the medical and healthcare sector is supporting the demand for metal aerosol packaging in the market.
However, government restrictions on the movement of goods and lower customer demands are some impacts that the metal aerosol packaging market is facing which are expected to be neutralized by 2022 to 2023.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material 6.2. End User 6.3. Packaging Type 7. Global Market Analysis and Forecast, By Material 7.1. Tin-plated steel 7.2. Aluminum 7.3. Stainless steel 8. Global Market Analysis and Forecast, By End User 8.1. Household 8.2. Automotive 8.3. Agriculture 8.4. Healthcare 8.5. Industrial 9. Global Market Analysis and Forecast, By Packaging Type 9.1. Bottles 9.2. Cylinders 9.3. Cans 9.4. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Material, End User, and Packaging Type for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. AeroPack Industries, Inc. 20.2. Alucon Public Company Limited 20.3. Ardagh Packaging Holdings Limited 20.4. Ball Corporation 20.5. Bway Corporation 20.6. CCL Industries, Inc. 20.7. Colep Portugal S.A. 20.8. Crown Holdings Inc. 20.9. DS Containers, Inc. 20.10. Exal Corporation 20.11. ITW Sexton Co. 20.12. Jamestrong Packaging 20.13. Nampak Ltd. 20.14. Shanghai Sunhome Industrial Company 20.15. Spray Products Corporation 20.16. Westrock Company 20.17. Zenith Spray 20.18. Aerosols Private Limited
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Metal Aerosol Packaging Market
