Written on: September 28, 2022 by SprayTM
The International Organization of Aluminum Aerosol Container Manufacturers (AEROBAL) reported that global shipments by its members increased by 5.5% in the first half of 2022 to approximately three billion units.
The market growth was mainly due to rapidly increasing demand from the pharmaceutical, hairspray and household sectors, which grew by 9%, 34% and 15% respectively compared to the previous year. Demand from the volume-dominant deodorant and perfumed body spray market was also satisfactory, growing by 1.2%. Overall, the end consumer deodorant market accounts for about 57% of total deliveries.
“The global energy crisis, logistics bottlenecks and the lack of skilled workers are among the biggest worries of international aluminum aerosol can producers,” stated AEROBAL President Wan Tsang Lin.
“In many regions energy and gas prices have recently skyrocketed and put can producers under great pressure. In addition, the industry is increasingly struggling to find skilled labor, which has become a strategically important factor for all companies to stay competitive in the future.”
However, AEROBAL commented that the aluminum aerosol can industry also holds an important ace up its sleeve because of the sustainability credentials of aluminum.
“The material offers good properties such as good formability, lightness and recyclability, which are relevant for improving the carbon footprint during transport, production and recycling and thus contribute to resource efficient packaging solutions,” added Wan Tsang Lin.
Despite positive market developments in the first half of 2022, aluminum aerosol can producers fear a possible recession in leading markets such as Europe, the Americas and Asia that might put a damper on customers’ and consumers’ sentiments. Moreover, inflation is curbing consumers’ buying power, which might also have a negative impact on the demand for fast moving consumer goods such as body care products. This could considerably impede can producers’ performance, as these products account for about 80% of AEROBAL members’ shipments.