Aerosol can provides high performance while storage, transportation and high convenience to consumers due to its effective packaging solution. The major drivers of the aerosol can are rise of the modern retail formats, light weight, unbreakable and easy to hold properties and rising disposable income of the individual.
The major factor which drives the growth of aerosol cans market is the rise of the modern retail formats. The presence of established retailers requires FMCG companies to innovate the packaging solution so as to attract more customers. Another factor that is fueling the growth of the market is the portable nature of aerosol can due to its light weight, unbreakable and easy to hold properties.
The global aerosol can market is expected to grow at CAGR of ~4% Through 2022.
Key Players
We recognize the key players in the global Aerosol Can market as The Ardagh Group, Crown Holdings Inc., CPMC Holdings Ltd., Unilever PLC, Henkel AG, Reckitt Benckiser Group PLC, Kian Joo Can Factory, Exal Corporation, Presspart GmbH & Co. KG, and TUBEX GmbH. This report includes the product portfolios of the same.
Global Aerosol Cans Market – Competitive Analysis
The major market players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global Aerosol Cans market were new product development.
The major players operating in this market, to have adopted these strategies are E. I. du Pont de Nemours and Company (U.S.), Multisorb Technologies (U.S.), Sanner GmbH (Germany), CSP Technologies, Inc (U.S.), Capitol Scientific, Inc (U.S.), Desiccare, Inc (U.S.), W. R. Grace & Co (U.S.), Desican Inc (U.S.), Clariant Global (Switzerland), Oker-Chemie GmbH (Germany) and others. This strategy is widely adopted to increase the number of offerings to the customer. New innovations in the technology of manufacturing desiccants also lead to new product developments.
During the period 2014-2016, amongst all the key developments, E. I. du Pont de Nemours and Company (U.S.) had the largest share of the merger and acquisition strategy. For instance, E. I. du Pont de Nemours and Company (U.S.) acquired Taxon Biosciences, Inc. (California), a leading microbiome discovery company. This acquisition will build on DuPont’s in-house capabilities and unparalleled market access in both seed and crop protection to discover and commercialize biological solutions for agriculture customers globally. The unique technology platform of Taxon Biosciences, Inc. coupled with DuPont’s robust research capabilities and positioning across several markets makes, the integration of Taxon into DuPont, a natural fit and will support DuPont’s ability to bring new products to the market, faster.
Clariant Global adopted joint ventures as its key strategy. The company has undergone joint ventures with ASK Group, Scientific Design Company Inc., Süd-Chemie India Pvt Ltd and others. For instance, the company underwent a joint venture with Scientific Design Company Inc., U.S., a producer of ethylene and oxide catalysts, which is co-owned by the Saudi Arabia-based, Sabic Group and has around 140 employees.
CSP Technologies, Inc. adopted new product development as its key strategy. For instance, the company introduced Pharmapuck™ Scavenging Devices, an Integrated Solution for Oral Solid Dose Products. It can be integrated directly into primary containers to protect oral solid dose (OSD) products from moisture and oxygen absorption.
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Industry News
In 2014, Crown acquired Mivisa Envases (Spain) to successfully integrate Mivisa into their European food can business and substantially increased their presence in Spain.
Ball Corporation acquired Rexam PLC in June 2016 to expand its geographical footprint and product offerings. Moreover, Ball Corporation received ‘2016 Can of the Year honor’ for its aluminum aerosol packaging innovations
Market Research Analysis
The market is highly application based. Segments containing paints & varnishes, pharmaceutical, and food & beverage are expected to experience increasing growth over next five years which will further lead to increasing demand for medical & paints aerosol can in healthcare industry. The increasing demand for paints is expected to drive the automotive industry. Also the increasing demand for sterilized aerosol can drive the pharmaceutical industry. However the lack of transparency and product & propellant interaction is expected to hinder the market growth.
Furthermore there are other factors contributing to the growth of the aerosol can market which are rise in the modern retail formats, upward trends in modern retail, portable nature of aerosol cans, and the rising disposal income of individual. Also there is an increased awareness among the consumers regarding environmental issues. This leads to increased popularity of such recyclable cans and thus fuels the demand for the same. However there are various government norms which can hinder the growth of the aerosol can.
Regional Analysis
U.S. and Canada accounts for comparatively large market due to high demand of aerosol can. There is an increase in the number of options for the end-product consumers because of the presence of a large number of key container fillers and end products manufacturers.
In 2014, Europe had the highest market share of aerosol can while APAC region is the fastest growing market during this period. To take the advantage of anticipated growth in the aerosol can market, Latin America market witnessed collaboration between companies in terms of joint ventures, mergers, acquisition. In European region, deodorants, sprays and hair mousse are the leading end markets of metal aerosol cans.
Scope of the Report
This study provides an overview of the global Aerosol Can market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global aerosol cans market by its Type, Material, Application and Region.
By Types
- Straight wall
- Necked-in
- Shaped
By Material
- Aluminium
- Steel
- Glass
- Plastic
By Application
- Personal Care
- Healthcare
- Automotive Industry
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global aerosol can market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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