Global Aerosol Cans Market Analysis by Knowledge Sourcing Intelligence

Global Aerosol Cans market is projected to witness the growth at a CAGR of 3.57% during the forecast period to reach the total market size of US$82.050 billion in 2022 from US$66.491 billion in 2016. Modernization in retail format also impacts the growth of the global aerosol cans market positively. As rising modern trade outlets are motivating the FMCG companies to improve upon the packing of the product in order to appeal the customer with limited shelf space. 

The global aerosol cans market is highly competitive with many small and large scale providers although major players dominate the market owing to their focus on product innovation and high investment in R&D activities. The key provider includes Ball Corporation, Avon Crowncaps & Containers, and Aerobic. However, the availability of several environmental friendly substitutes and low switching costs decreases the bargaining power of suppliers. The companies are engaging themselves in mergers and acquisitions in order to improve their market position. In June 2016, Ball Corporation completed its acquisition of Rexam PLC to enhance its footprint. Furthermore, increasing applications of aerosol cans across verticals such as food & beverage, chemical, healthcare, personal care, cosmetics and automation among others expand the customer base of vendors, while boosting their bargaining power. Thus, the bargaining power of suppliers is Medium.