Aluminum aerosol can manufacturers display high interest in sustainability initiatives including recycling operations to increase profitability and access to additional material sourcing.
DUBAI, UAE / ACCESSWIRE / July 28, 2020 / Future Market Insights: The aluminum aerosol cans market has been estimated to have reached a US$ 3.5 Bn valuation in 2019. 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.
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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.
About the Study
The study offers readers an assessment of the aluminum aerosol cans market. Global, regional and national-level analysis of the latest trends influencing the aluminum aerosol cans market is covered in this FMI report. The study provides insights according to capacity (less than 100 ml, 100 to 250 ml, 251 to 500 ml, and more than 500 ml), product type (necked in, shaped wall, and straight wall), and end use industry (cosmetics & personal care, household, automotive, and others), in six regions (North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, and MEA).
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SOURCE: Future Market Insights