The Global Aerosol Container Market is projected to reach USD 13.17 billion in 2027. The increasing demand for personal care, home care or household and healthcare products are expected to fuel the market’s growth during the forecast period. Improvement in lifestyle of people in developing countries is another important factor contributing to the market’s growth.
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Aerosol containers provide improved and safe storage as well as better aesthetics to products. These containers are easy to use as well as it helps in safe transit during the entire supply chain. Growing consumer awareness regarding benefits offered by various products is leading to greater adoption of aerosol containers which are effective in maintaining the integrity of the product besides being eco friendly. It is easily recyclable and is also comparatively cheaper. Changing lifestyles of people along with rising average disposable incomes is driving the market’s growth to a large extent. Aluminum containers are the most popular due to its ability of protecting the quality of the product. Straight wall containers are witnessing steady growth in terms of sales and they are available in various sizes and volumes. Europe is the largest consumer of the market products and this is primarily due to the massive growth of the personal care segment in this region as well as around the world.
The continuously changing regulations regarding manufacturing of the products is creating a huge problem for the manufacturers of the industry. There is requirement of extra paper work and proper timely tests in order to comply with the changing government regulations. These stringent regulations are restraining the market’s growth to a large extent. Apart from this, the presence of substitutes like saturated light carbons and dimethyl ether are posing serious challenges for the major players in the market. They are trying to focus on R&D and new product launches in order to counter this challenge.
Further key findings from the report suggest
- Glass aerosol containers is expected to witness significant amount of growth due to its rising usage in pharmaceutical packaging.
- Necked-in aerosol containers are primarily used for deodorants and also in the automotive sector.
- Increasing usage of aerosols in pressurized metered-dose inhalers designed for asthma patients is expected to play a major role for the market’s penetration in the healthcare sector.
- The growth of personal care industry in countries like China, Japan and India is playing a crucial role for the market’s development in the Asia Pacific region.
- In June 2018, Ball Corporation along with Platinum Equity announced the formation of a joint venture in order to establish Ball Metal Pack. This new company was formed in order to produce steel containers for aerosol products.
- There have been a number of product launches in the industry like Ardagh Group launching a distinct shaped aersosol can for the Puma branded cosmetic products of L’Oreal and Ball corporation launching a new technology by introducing 360 degree custom shaped aerosol cans.
- There have been a number of M&A in the industry like Ball Corporation acquiring Rexam PLC in 2016, In 2018 Crown Holdings Inc acquiring Signode International Group Holdings Ltd in 2018 and WestRock Company acquiring Kapstone Paper & Packaging Corporation.
Top players profiled in the report include:
Ardagh Group S.A., Crown Holdings Inc, Tubex Holding GmbH, Ball Corporation, Plastipak Holdings Inc, Alltub Italia S.R.L., WestRock Company, Nampak Ltd., BWAY Corporation and Exal Corporation.
Nature Outlook (Revenue, USD Billion; 2020-2027)
- Aluminum
- Glass
- Steel
- Plastic
- Others
Product Type Outlook (Revenue, USD Billion; 2020-2027)
- Necked-in
- Straight wall
- Shaped
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Geographic Segment Covered in the Report:
The Aerosol Container report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
• Europe (UK, Germany, France and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)
Summary of the Aerosol Container Market Research Report:
- Insightful information regarding the global Aerosol Container market
- Strategic recommendations for the investment opportunities
- The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
- Emerging trends and current market segment analysis to help investors formulate new business strategies
- Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis
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