Metal Aerosol Can Market Analysis By Application (Personal Care, Household) And Segment Forecasts To 2024

Industry Insights

The global metal aerosol can market size was USD 2.82 Billion in 2015 and is expected to witness significant growth over the forecast period owing to increasing demand for lightweight personal care packaging. Increasing demand for easy to use portable products for use in household sprays is expected to drive the demand for aerosol cans over the projection period. In addition, the market is expected to benefit from growing technological advancements coupled with developments pertaining to product design.

The industry is serviced by a large number of players spread across the globe with companies such as Crown Holdings Inc., Ball Corporation, and The Ardagh Group, accounting for the majority of the production. The industry is dependent on raw materials such as aluminum and steel and exhibits a price change in accordance with the change in the price of the raw materials. The demand for raw materials by competing industries such as automotive and building & construction is likely to hamper the market growth.

UK metal aerosol can market revenue, by application, 2013 - 2024 (USD Million)

Aluminum cans are expected to gain acceptance by the manufacturers in the wake of the emergence of the ‘going green’ that is focused on metal recycling. The material is preferred more for personal care products such as deodorants due to superior characteristics such as lightweight and design modification. The demand for tinplate aerosol cans is higher in household products that find higher emphasis on the container pressure. Furthermore, the development of extruded and single sheet tinplate cans is expected to attract household product manufacturers.

Application Insights

The household aerosol cans accounted for a significant market revenue share in 2015 which is expected to grow at a CAGR of over 3% in the wake of increasing demand for products such as mosquito repellents, bug sprays, and furniture cleaners. In addition, significant changes in the consumption pattern of the consumers are expected to translate into increasing demand for advanced anti-bug formulations that provide an easier application. In addition, rapid growth in the demand for products with enhanced and aesthetic packaging, and superior quality is expected to drive the demand for the household product over the projection period.

The others segment containing paints & varnishes, pharmaceutical, and food & beverage is expected to witness the highest growth over the next eight years owing to increasing demand for medical & paint aerosol cans in the aforementioned industries. The demand for paints is expected to be driven majorly by the growing automotive sector. Furthermore, increasing demand for sterilized aerosol containers by the pharmaceutical industry is expected to drive the segment growth. However, the segment is expected to account for relatively low demand share due to concerns regarding transparency and product & propellant interaction.

Regional Insights

North America accounted for over 29% of the global consumption volume owing to the high adoption of the aerosol cans driven by ease of use and increase portability. High disposable income of the consumers primarily in the U.S. and Canada accounts for a high demand for the product. Furthermore, the presence of a large number of key container fillers and end-products manufacturers provides for an abundance of end-products resulting in an increase in the number of options for the end-product consumers.

The market in the U.S. emerged as the major producer in the region owing to the presence of a number of major manufacturers such as EXAL Corporation and Crown Holdings, Inc. In addition, the consumption in the country rose due to high demand for deodorants. The price for the empty can is expected to decline owing to lower production cost achieved by economies of scale due to mass manufacturing coupled with the technology advances pertaining to the product design.

Asia Pacific is expected to register the highest growth, growing at a CAGR of over 3% owing to rising demand for low-cost cans. Furthermore, rising disposable income in the region coupled with rising demand for personal care products is expected to propel growth over the forecast period. In addition, decreasing the cost of the product due to the availability of low-cost raw materials coupled with the presence of a large manufacturing base leads to a reduction in the product price resulting in an increased demand.

Competitive Insights

The market is characterized by mergers & acquisitions and continuous product design innovations and mergers and acquisitions to increase the market share. In June 2016 Ball Corporation announced the acquisition of Rexam PLC, a major manufacturer based in the U.S. thereby increasing the market share of the company. The industry has witnessed growing increasing market entry by small-scale manufacturers owing to attractive gross margins coupled with rising demand primarily in the developing economies.

Key players in the global metal aerosol can market include Ball Corporation, The Ardagh Group, Crown Holdings Inc., Kian Joo Can Factory, CPMC Holdings Ltd., Exal Corporation, Presspart GmbH & Co. KG, TUBEX GmbH, and Nussbaum Matzingen AG. The major consumers of the product are Procter & Gamble, Unilever, and GlaxoSmithKline A/S.