Aluminium Aerosol Cans Market Important Changes in Industry Dynamics during 2022-2027

 The aluminum aerosol cans market has been estimated to have reached a US$ 5.5 Bn valuation in 2027. However, following the coronavirus pandemic, the demand for aluminum aerosol cans had witnessed a downturn as spending on personal care products, and activity in the automotive industry has gone down. In addition, restrictions on trade during the crisis period will also hurt short term market prospects.

 

“Higher popularity of aluminum products owing to superior barrier characteristics along with growing consumer awareness on eco-friendly packaging options will further generate lucrative opportunities in multiple industrial verticals, aiding the expansion of the aluminum aerosol cans market for the foreseeable future” states the FMI analyst.

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Aluminum Aerosol Cans Market- Critical Takeaways

Household applications of aluminum aerosol cans have gone up strongly supported by demand for furniture cleaners, and mosquito repellants and other household aerosol products.

Shaped wall aluminum aerosol cans are gaining traction, driven by increasing importance being given to product aesthetics.

North America is a leading market for aluminum aerosol cans owing to higher disposable incomes of consumers and the presence of major manufacturers.

Aluminum Aerosol Cans Market- Drivers

Strong demand for portable, lightweight packaging for personal care products contributes to market growth.

High recyclability of aluminum, has made the material a popular choice for aerosol can producers, pushing towards sustainability initiatives.

Aluminum Aerosol Cans Market- Restraints

Growing awareness about the environmental impact of aerosol products is a key factor hindering market growth.

Easy availability of alternative materials to produce aerosol cans hampers market players.

 

Coronavirus Impact on Aluminum Aerosol Cans Market

The coronavirus outbreak has had a sharp impact on the demand for aluminum aerosol cans on a global scale, primarily owing to a significant slump in automotive, and personal care applications. Suspension of production activities and disruptions in supply chains for raw materials will remain challenges towards the end of 2020. Recovery is likely to be strong owing to wide scope of applications of aluminum aerosol cans, once lockdown restrictions are lifted.

Competitive Landscape

Aluminum aerosol can manufacturers are increasingly investing in acquisitions, collaborations, and production expansions. For instance, CCL Industries has set up a US$ 85 million production line upgrades. Unilever has entered a collaboration with Tubex for the production of recycled deodorant cans. Further, Ball Corp. has acquired Tubex Industria E Comercio de Embalagens Ltd., Ball Corporation, Alucon, Tubex Holding GmbH, and Exal Corp. are some of the leading aluminum aerosol can manufacturers.

 

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