Aerosol Can Market Growth, Size of USD 7,644.6 Mn, Future Scope and Industry Forecast to 2022 | Global Aerosol Can Market Information by Type (Straight wall, Necked-in, and Shaped), by Material (Metal, Glass, and Plastic), by Application (Personal Care, Industrial, Pharmaceutical, and Automotive) and by Region - Global Forecast till 2022
Market Scope
Market Research Future (MRFR) in its current “Aerosol Can Market” report asserts that the market is likely to thrive at a 4.27% CAGR and is poised to increase to a size of USD 7,644.6 million by 2025.
Market Highlights
MRFR reveals that the aerosol can market is expected to experience a substantial rise in its revenue by the end of the forecast period. This can be attributed to the recyclability of aerosol cans, supporting sustainable development. In addition, the growth of end-user industries, such as food, beverages, cosmetic, personal care, and healthcare can also augment the market growth. On the contrary, the availability of alternatives to the packaging at better price can hinder the expansion of the aerosol can market in the years to come.
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Market Segmental Outline
The aerosol can market segmental study is based on propellant type, product type, material, and application.
By material type, the market is segmented into plastic, steel, aluminium, and others. The aluminium segment is likely to hold command on the global aerosol can market.
By product type, the market is segmented into necked-in shaped and straight wall shaped. Dynamics of the straight-wall segment is expected to direct the aerosol can market’s course of progress for the assessment period. The increase in application of aerosol can in the cosmetic industry and the growing inclination of people towards enhancing personal appeal are expected to surge the straight wall shaped segment growth.
By propellant type, the market is divided into compressed gas propellant and liquefied gas propellant.
The liquefied gas propellant segment is expected to grasp a major portion of the global market.
By application, the market is segmented into pharmaceutical, industrial, personal care, and automotive.
The personal care segment to dominate the global aerosol can market. Factors, such as growing awareness about personal hygiene and self-beautification are expected to drive the expansion of the market.
Detailed Regional Outlook
North America, Asia-Pacific, Europe, and the Rest of the world (RoW) are the regional segments of the global aerosol market.
North America has always been a focus region for innovation and development of personal care and beauty products. Hence, the application of aerosol can is high in these verticals in the region, which is expected to propel the market growth in North America. Leading position has progressively been propelled in the process of global competition. North America is well-known for its constant introduction of innovations in design and packaging of products to enhance integrity of products, their freshness and efficiency. This is another possible cause for the regional success of aerosol can market.
The United States is expected to spearhead the regional market growth. In addition, the presence of the ever-increasing automotive and healthcare industries are also expected to gain high traction for the market. The aerosol can market in Europe is expected to grow at a rapid pace. The increase in demand for aerosol market across different verticals is expected to underpin the expansion of the regional market for the years to come.
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Global Aerosol Can Market was valued at US$ 62.7 Bn in 2017 and is expected to reach US$ 85.98 Bn by 2026, at a CAGR of 4.03% during a forecast period.
Growing demand for aerosol cans from various industries such as healthcare and personal care & cosmetic and increasing innovation in product packaging are boosting the market growth in a positive way.
However, growing awareness regarding health issues due to a toxic chemical is act as restraints to the market.
Government’s strict regulations regarding waste management and developed economy of this region are major driving factors of the aerosol can market.
Asia Pacific is expected to generate the highest CAGR during the forecast period owing to rising economies in developing countries of this region such as India and China.
Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Recently published a report entitled Aerosol Can Market projected till 2025, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad aerosol can market has been sub-grouped into product and application.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Aerosol Can Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/aerosol-can-market/download-sampleBy ProductMetalOthersBy ApplicationPersonal CareHome CareInsecticideAutomotiveOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the aerosol can market includes ARDAGH PACKAGING, Ball Corporation, BWAY, CCL Container, Colep Portugal, Crown Holding Inc., DS Container, EXAL, ITW Sexton Can Company, Inc., Jamestrong Packaging and Nampak.
The metal aerosol can is a storage equipment or container with excellent barrier properties for product integrity.
They are exclusively used in several sectors from personal care to food & beverages.
The metal aerosol cans market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/metal-aerosol-can-market/request-sample The key driving factors responsible for the growth of Metal Aerosol Can market : The factors that are playing a major role in the growth of metal aerosol can market are rising demand from personal care, food & beverages, and pharmaceutical industry, prevention of leakage and extension of the shelf life of the products, growing urbanization, and growing demand from the consumers as changing lifestyle.
However, these cans are prone to explosion when comes in contact with high temperature and fire and availability of alternatives in terms of packaging.
These are the factors that may restrain overall market growth in the years to come.
