According to a recent report by Fortune Business Insights, the global aerosol cans market size is estimated to reach $10.52 billion in 2023 from 10.02 billion in 2022. By 2030, the market size is projected to grow further to stand at $15.42 billion, recording a CAGR of 5.62% from 2023 to 2030.
Aluminium drives the growth of global aerosol cans market, leading at an estimated CAGR of 5.62% by 2030
The growth owes to the increasing need in the automotive, paints, and personal care industries due to several benefits like recyclability, user-friendliness, contamination and spill resistance.
Among all materials used for making aerosol cans, aluminium is the most popular for having superior physical qualities over the others. Aluminium is the most preferred metal by aerosol can producers, retailers, and consumers because the cans made of aluminium are lightweight, easy to ship, and infinitely recyclable.
Out of all the consumer segments, the personal care industry primarily drives the growth of aluminium aerosol cans, as noted by Fortune Business Insights. The use of aluminium aerosol cans in personal care products is wide and vast. Hair and body care products are primarily augmenting the demand and consumption of aerosol cans.
Source: AlCircle