iCrowdNewswire Nov 23, 2020 10:29 AM ET
The new report by Expert Market Research titled, ‘Global Aerosol Cans Market Growth, Size, Share, Analysis, Price, Trends, Report and Forecast 2020-2025’, gives an in-depth analysis of the global aerosol cans market, assessing the market based on its segments like material types, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): USD 18.6 billion
2. Forecast CAGR (2020-2025): 4%
3. Forecast Market Size (2025): USD 23.6 billion
The increasing purchasing power of consumers, especially in developing countries is driving the growth of the aerosol cans market. This is due to factors such as rapid urbanisation, growing population, and increasing disposable incomes, which are leading people to switch to aerosol alternatives for cheaper products. Increasing hygiene awareness is promoting the use of deodorants and air fresheners, which are the major end uses in the aerosol cans industry. Additionally, the rising demand for sustainable packaging materials has led to a significant increase in the sales of recyclable aerosol cans.
Industry Definition and Major Segments
Aerosol cans are a dispensing system that creates a mist of liquid particles when used. The system usually housed in a can or bottle and contains a propellant and a payload under pressure. The propellant is used to drive out the payload, which is what the aerosol can is used to store and dispense.
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By material type, the industry can be divided into:
1. Tin Plate
The end uses for aerosol cans include the following sectors:
1. Personal Care
2. Household Care
5. Paints and Varnishes
The market can be segmented based on regions like:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
While aerosol cans were initially considered harmful to the environment due to the (now discontinued) use of chlorofluorocarbons (CFCs) as propellants, they are increasingly becoming a popular choice among firms looking for environment-friendly dispensing solutions. This is attributed to its recyclable nature when empty, leading to an increase in the use of aerosol cans as eco-consciousness spreads globally.
Key Market Players
The major players in the market are Ball Corporation, Crown Holdings, Inc., Exal Corporation, CCL Industries, AN-PACK S.A., Ardagh Group, and BWAY Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Metal Cosmetic Packaging Market: https://www.expertmarketresearch.com/reports/metal-cosmetic-packaging-market
Aluminium Cans Market: https://www.expertmarketresearch.com/reports/aluminium-cans-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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