Bizizz Market Research has recently published a research report, “Aerosol Cans Market By Material Type (Steel, Plastic, Aluminum, Glass and Others), Product type (Straight wall aerosol cans, Necked in aerosol cans and Shaped aerosol cans), Application (Cosmetics and Personal Care, Healthcare, Insecticide, Household, Automotive and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Aerosol Cans Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 18.8 Bn by 2027, witnessing a CAGR of 4.6 % during the forecast period. Key drivers of the market are high adoption rate along with chemically inert nature of aerosol cans is propelling its market growth.
Increased adoption of aerosol cans in cosmetics and automotive sectors are anticipated to contribute the market growth during the forecast period. Aerosol cans are highly utilized in different offerings formats includes spray paints, hair sprays, lubricants, deodorants, brake cleaners and degreasers.
Aerosol Cans are chemically inert and are a good barriers properties is stimulating the market growth. Producers find steel and aluminum aerosol cans advantages including greater shelf life period and are recycled multiple times. Moreover, Brands use aerosol cans as a means for marketing in the forms of billboards to compete in the market.
The Aerosol Cans market is anticipated to register a CAGR of over 4.6% during the forecast period.
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By Material, Aluminum segment held a key share in Global Aerosol Cans Market in 2018.
Aluminum is exhibiting a considerable market demand and is expected to remain its market position during the forecast period. Aluminum is key element in the packaging products especially in the aerosol cans. Rising environmental concerns and utilization of premium packaging is a vital factor stimulating the market demand of aerosol cans. Aluminum cans are chosen as they are less in weight and are recyclable. Manufacturing of recycled aluminum is energy efficient in comparison to the fresh aluminum so it could be recycled multiple number of times without loss of quality. Such factors contribute in the growth of aluminum aerosol cans market worldwide.
Europe is Anticipated to Dominate the Global Aerosol Cans Market during the Forecast Period.
Europe exhibited considerable market share of about 43% in 2018 and the market trend is expected to continue during the forecast period. The region is projected to record high growth during the forecast period coupled with rapidly expanding urbanized economies including France, Germany and the United Kingdom leading from the front. Moreover the, strategies implemented by producers in the Europe in contest to cost-effectiveness and waste reduction by increasing the product’s shelf-life shall also fuel its market. In 2018, the aerosol cans has a market sale of about 2 billion cans across the U.K. especially in personal care industry.
Global Aerosol Cans market was moderately consolidated with key players accounting for significant share in 2018. Moreover, organizations are investing heavily in these offerings to improve the product features and improve its sustainability.
Prominent players operating in the Global Aerosol Cans Market are: BALL CORPORATION, Aerobal S.A. de C.V., Spray Products Corp, DS Containers Inc., BWAY Corporation, MidasCare Pharmaceuticals Pvt. Ltd., ITW Sexton Can Company, Crown Holdings Inc., Avon Crowncaps & containers (Nig) Plc., Nampak and Aero-Pack Industries Inc., Aryum aerosol cans Ltd., Bharat Containers, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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