The latest report on “Aerosol Cans Market (Material – Aluminum, Steel-tinplate, Plastic, and Other Materials; Type – Necked-in, Shaped Wall, and Straight Wall; Application – Personal Care, Household, Automotive, Industrial, Food, Pharmaceutical/Veterinary, Insect Control, and Paints & Varnishes): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global aerosol cans market is projected to grow at a CAGR of 5.52% over the forecast period of 2019-2025.
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Various liquid products including deodorizers, lubricants, paints, disinfectants, insecticides, cooking oil and others are been packaged in aerosol cans. Aerosol cans also facilitate the usage of the product as required by the consumer. Aerosol cans market is highly competitive and consolidated in nature, where the major players in the market govern the dynamics of the market. The major players in the market including Ball Corporation, Crown Holdings, Inc., CCL Industries Inc., Nampak Limited, BWAY Corporation, CPMC Holdings Ltd, Exal Corporation, WestRock Company, and others are focused on mergers and acquisitions and new capacity expansions to sustain their competencies.
Rise in the Modern Retail Formats is Majorly Driving the Aerosol Cans Market
The rise in the modern retail formats is majorly driving the aerosol cans market. Products packaged in aerosol cans such as deodorizers, lubricants, insecticides, and cooking oil are mostly available in the supermarkets and hypermarkets. Thus, the increasing number of supermarkets and hypermarkets supports the growth of the aerosol cans market. Moreover, the ease-of-use, portability, recyclability, safety & strength, and the increased aesthetic appeal of the product provided by them are expanding the demand for aerosol cans.
Furthermore, improving the consumer lifestyle is supporting the growth of the aerosol cans market. As the lifestyle of the population improves, consumer preferences also change, which increases the use of various products. However, government regulation towards the use of plastic and CFC is the major restraining factor for the growth of the aerosol cans market. Nevertheless, the increasing awareness of eco-friendly packaging solutions is expected to offer lucrative opportunities for the key players in the aerosol cans market.
Europe Generated the Highest Revenue for Aerosol Cans, Dominating the Global Market
Region wise, Europe generated the highest revenue for aerosol cans, dominating the global market. The largest market share of the European region attributed to the rising demand for home and personal care products and increasing focus on reducing packaging waste. Moreover, the rise in competition among manufacturers, consumer preference for packaging which is sustainable, high quality, convenient, and the visual appeal are expected to boost the growth of the aerosol cans market in Europe.
The report on global aerosol cans market covers segments such as material, type, and application. On the basis of material, the sub-markets include aluminum, steel-tinplate, plastic, and other materials. On the basis of type, the sub-markets include necked-in, shaped wall, and straight wall. On the basis of application, the sub-markets include personal care, household, automotive, industrial, food, pharmaceutical/veterinary, insect control, and paints & varnishes.
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The report provides profiles of the companies in the market such as Ball Corporation, Crown Holdings, Inc, CCL Industries Inc, Nampak Limited, BWAY Corporation, CPMC Holdings Ltd, Exal Corporation, WestRock Company, Colep Portugal S.A., China Aluminium Cans Holdings Ltd., and other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the aerosol cans.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.