Necked-In Aerosol Can Market By Merchandise, Payment Method, & Companies Analysis
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Traditionally can and tin was the most preferred source of packaging liquid fluid, but with the innovation and the need for easy compatibility, necked-in aerosol cans is the preferred choice for consumers, particularly in the cosmetic industry. The dynamics of the beverage and the cosmetic industry is now being shaped by consumer experience, wherein necked-in aerosol cans have a major role to play. Such cans were instantly used by cosmetic and automobile industry which started replacing the traditional cans. As of now the market of aerosol cans are expected a year- on - year growth of over 3 percent with global production crossing over 14 billion units currently, of which necked-in aerosol cans account for a significant contribution. The global necked-in aerosol can is highly fragmented with large number of players across the regions of Asia- Pacific excluding Japan, Middle-East. The market is further expected to witness a steady growth over the forecast period.
Necked-In Aerosol Can Market - Market Dynamics:
Manufacturers of cosmetic and pharmaceutical prefer aerosol cans as a source of liquid dispensing. This metal can material aids in longer self-life of products. On the other hand, necked-in aerosol can renders the convenience of recycling of products, thus local and international packaging regulation provide aid to the manufacturer to produce necked-in aerosol can as compared to the use of the non-degradable plastic material.
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Leading manufacturing are using powder coating to manufacture necked-in aerosol cans which is environmentally friendly and is further expected to propel the market share of the product over the forecast period. The growth of necked-in aerosol cans highly relied on the other industrial application such as cosmetic, pharmaceutical and food industries which are expected to witness relatively higher growth over the forecast period with rising disposable incomes, particularly in the emerging clusters of the globe such as Asia Pacific and Latin America.
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