Market Trends of United States Aerosol Cans Industry
This section covers the major market trends shaping the US Aerosol Cans Market according to our research experts:
Aluminum Cans to Register Highest Growth
- Aluminum cans are expected to register a CAGR of around 2% over the forecast period due to their distinct features, such as lightweight, stackability, durability, resistance to transportation, hermetically sealed cover, irregular handling, and easy recyclability. They allow brands to package and transport more beverages using less material.
- An increase in the intake of processed food and beverages, an increase in the shelf life of products, and growth in the disposable income of consumers, as well as their ability to customize the packaging with colors, 3D prints, and embossing, stimulate the growth of the aluminum cans market in the United States.
- Aluminum cans can be recycled repeatedly in a closed cycle, which acts as a significant driver for the growth. Thus, a few companies are opting for aluminum cans to shift toward sustainability by reducing the carbon footprint. For instance, Coca-Cola Co.'s Dasani water brand will soon be available in cans in the United States as part of its efforts to reduce plastic waste.
- Aluminum cans have a higher recycling rate and more recycled content than competing package types. According to the Aluminum Association, it's one of the most recycled materials on the market. Recycling saves more than 90% of the energy required to produce new metal, hence reducing the cost of production. In the United States, two aluminum cans are recycled for every three cans shipped across the region. Factors such as these will boost the market growth
- Also, 70% of the plastic collected for recycling goes to landfills in the United States, and the increasing emphasis on reducing carbon footprint by controlling climate change is one of the growth drivers for aluminum cans in the region.
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Personal Care to Hold the Largest Market Share
- The growing demand is mainly attributed to aerosols'' application in a wide array of personal care products, such as hair sprays, body sprays, shampoos, deodorants, antiperspirants, and foams. Furthermore, the increasing demand for aerosol-based products, both from the young and aged populations, is contributing to the aerosol-based personal care market in the United States.
- The growing trend of beautification has resulted in an increase in demand for skincare, haircare, personal care products, especially by the female population, which is driving the segment's demand. Ongoing urbanization, increasing awareness regarding beauty products, rise in spending toward self-care is boosting the segment growth.
- With the expansion of the personal care industry in the United States, the demand for aerosols is also expected to increase. The development of the personal care industry is mainly attributed to the rising consumer disposable income, which is enabling them to spend on luxury products. As several personal care products contain aerosols, their increasing sale is likely to benefit the market.
