Global Steam Mops Market 2024
The global steam mops market is projected to expand at a CAGR of ~4.9 percent across the forecast period of 2024 – 2030, according to the latest edition of the…
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The North America aerosol cans market is forecast to reach USD 4.65 billion by 2029, registering a CAGR of 2.3% during 2023-2029. Aerosol cans made of aluminum, steel or plastic serve as packaging systems for dispensing a variety of products using a propellant and valve system.
Several factors underpin the positive outlook for this market. The recyclability and reusability of aerosol cans make them an environmentally compliant packaging choice, supporting demand. Major end-use industries like personal care and cosmetics also spur adoption, as rising disposable incomes drive demand for spray products including deodorants, hairsprays and more. However, significant buyer power of consumers in this segment leads to pricing competition among manufacturers.
While aluminum supply was impacted during the pandemic, growing demand for aerosols with antiviral and antibacterial properties presents opportunities. Increasing shelf life and convenience provided by aerosol packaging across food, pharmaceuticals and other applications will further expand the market. However, raw material price volatility due to events like the Russia-Ukraine conflict poses challenges.
The market is segmented based on material, end user, and country.
Material: aluminium, steel-tinplate, others
End user: cosmetics and personal care, household, pharmaceutical and veterinary, paints and varnishes, automotive and industrial, others
Country: United States, Canada
In 2022, the aluminum segment held the largest market share (57.5%) and is expected to grow at a CAGR of 2.2% over the forecast period. Aluminum offers advantages such as high strength, corrosion resistance, recyclability, and light weight, making it a preferred choice for product packaging. Aluminum aerosol cans are designed to hold pressurized liquids or gases.
The cosmetic and personal care segment held the largest market share (55.4%) in 2022 and is projected to grow at a CAGR of 2.1%. Aerosol cans in the packaging industry provide efficient solutions for storage, transportation, and consumer convenience, meeting various requirements.
The growth of the personal care sector in the United States is expected to increase the demand for aerosol cans due to factors such as consumers’ higher disposable income and their ability to purchase luxury goods. The personal care industry heavily relies on aerosols in its products, and as the sales of these products continue to rise, the aerosol can market is projected to benefit. In 2022, the United States held the largest share (89.1%) of the market, and it is anticipated to maintain a compound annual growth rate (CAGR) of 2.2% throughout the forecast period.
The North American aerosol cans market is fragmented and includes prominent entities such as Ardagh Group S.A., Ball Corporation, BWAY Corporation, CCL Industries Inc., Crown Holdings Inc., DS Containers Inc., Graham Packaging Company Inc., ITW Sexton Co., Sonoco Products Company, Trivium Packaging B.V., among others. These companies are implementing strategic measures such as partnerships, innovation, and acquisitions to enhance their product portfolios and establish sustainable competitive advantages.
Graham Packaging achieved an exceptional ranking in Sustainalytics’ ESG assessment, placing in the top 2% among over 15,600 global companies. They were recognized as the second-best performer in the metal and glass packaging sub-industry and the containers and packaging sector. Graham Packaging also received prestigious accolades as an ESG Regional Top-Rated Business and a Morningstar Sustainalytics ESG Industry Top-Rated Company in 2022.
Ball Corporation launched a highly sustainable global aluminum aerosol can in June 2022. This innovative product has a significantly reduced carbon footprint, only half that of a standard can. Its introduction aligns with Ball Corporation’s commitment to achieving science-based targets by 2030 and progressing towards net-zero emissions before 2050.
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TABLE OF CONTENTS
FIGURES AND TABLES
PART 1. INTRODUCTION
1.1 Description
1.2 Objectives of The Study
1.3 Market Segment
1.4 Years Considered for The Report
1.5 Currency
1.6 Key Target Audience
PART 2. RESEARCH METHODOLOGY
2.1 Primary Research
2.2 Secondary Research
PART 3. EXECUTIVE SUMMARY
PART 4. MARKET OVERVIEW
4.1 Introduction
4.2 Drivers
4.3 Restraints
PART 5. NORTH AMERICA AEROSOL CANS MARKET BY MATERIAL
5.1 Aluminium
5.2 Steel-tinplate
5.3 Others
PART 6. NORTH AMERICA AEROSOL CANS MARKET BY END USER
6.1 Cosmetics and personal care
6.2 Household
6.3 Pharmaceutical and veterinary
6.4 Paints and varnishes
6.5 Automotive and industrial
6.6 Others
PART 7. NORTH AMERICA AEROSOL CANS MARKET BY COUNTRY
7.1 United States
7.2 Canada
PART 8. COMPANY PROFILES
8.1 Ardagh Group S.A.
8.2 Ball Corporation
8.3 BWAY Corporation
8.4 CCL Industries Inc.
8.5 Crown Holdings Inc.
8.6 DS Containers Inc.
8.7 Graham Packaging Company Inc.
8.8 ITW Sexton Co.
8.9 Sonoco Products Company
8.10 Trivium Packaging B.V.
DISCLAIMER
Ardagh Group S.A.
Ball Corporation
BWAY Corporation
CCL Industries Inc.
Crown Holdings Inc.
DS Containers Inc.
Graham Packaging Company Inc.
ITW Sexton Co.
Sonoco Products Company
Trivium Packaging B.V.
REPORT ATTRIBUTE | DETAILS |
---|---|
Market Size (2022) | USD 3.95 Billion |
Base Year | 2022 |
Forecast Year | 2023-2029 |
CAGR (2023-2029) | 2.29% |
Pages | 86 |
Segments By | Material, End User, Country |
Regions Covered | United States, Canada |
Key Players | Ardagh Group S.A., Ball Corporation, BWAY Corporation, CCL Industries Inc., Crown Holdings Inc., DS Containers Inc., Graham Packaging Company Inc., ITW Sexton Co., Sonoco Products Company, Trivium Packaging B.V. |
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