Product Code: ETC374844 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India aerosol cans market experienced a declining trend over the period 2020-2024, with a negative CAGR of -4.2%. Notably, there was a significant contraction in import shipments between 2023 and 2024, showcasing a steep decline of -31.6%. The market exhibited a notable slowdown, indicating decreased momentum and a challenging period for aerosol can imports in India.
The India aerosol cans market was estimated at US$ 535 million and is anticipated to register a moderate CAGR of 4.4%. Increasing use of aerosols cans for packaging consumer goods including personal care items such as shaving creams and deodorants; household cleaning products; adhesives; insecticides; paints etc., coupled with rising urbanization rate are some major factors that are propelling the growth of India?s aerosol can industry over the years. In addition to this, several companies operating in this sector have been investing heavily into R&D activities to introduce innovative designs and features like child proofing locks which can further drive their sales volumes over time. Furthermore , Government initiatives providing tax incentives on exports coupled with availability of cheap labor force are also promoting foreign investments into this segment from populous countries like China , Japan etc.
The India aerosol cans market has witnessed notable growth due to its extensive use in various sectors such as personal care, household, automotive, and healthcare. The convenience and ease of use associated with aerosol cans have contributed to their rising popularity among consumers and industries alike.
The aerosol cans market in India has been witnessing steady growth driven by increasing consumer demand for personal care and household products. However, environmental concerns surrounding aerosol propellants and the rising popularity of alternative packaging options pose restraints to the growth of this market.
The aerosol cans market in India witnessed significant disruptions due to the pandemic. Aerosol cans are widely used in cosmetics, personal care, and household products, which saw a decline in demand during lockdowns and reduced consumer spending. Manufacturing and distribution were hampered by labor shortages, transportation challenges, and difficulties in procuring raw materials. As a result, the market faced a decline in revenue and growth during the pandemic.
The aerosol cans market in India has seen substantial growth with increased usage in personal care, household, and automotive products. Some of the key players in this segment are Asian Aerosol Group, CCL Industries, and Ball Corporation.