Growing at a CAGR of 3.9%, Aerosol Cans Market is worth 10.93 billion USD by 2021
Browse 136 market data tables and 48 figures spread through 173 pages and in-depth TOC on "Aerosol Cans Market - Global Forecast to 2021"
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The demand for aerosol cans is expected to be driven by factors such as ease-of-use, portability, recyclability, safety & strength, and the increased aesthetic appeal of the product. Furthermore, the growth in personal care industry and increase in demand for cosmetic products present a great opportunity for this market to grow in the future.
Personal care segment projected to be the largest segment during the forecast period
The personal care segment is projected to be the largest in the aerosol cans market on the basis of end-use industry, and this trend is projected to continue during the forecast period. Factors such as rising disposable income, change in consumer lifestyles, product presentation & differentiation, and rising demand for personal care products such as deodorants, hair sprays, and face & body creams will increase the consumption of aerosol cans. The retail industry, which is currently witnessing a shift from unorganized to organized retail, will also augment the demand for aerosol cans.
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Aluminum is projected to be the largest growing segment during the forecast period
Aerosol cans market, on the basis of material type, have been classified into aluminum, steel, plastic and others, which include glass. The aluminum segment accounted for the largest share in 2015 due to its numerous benefits such as light weight, high recycling rates, and high standards of safety and hygiene.
Europe projected to account for the second largest share in the aerosol cans market by 2021
Europe, with developed economies such as U.K. and Germany, is expected to drive the aerosol cans market. Focus on reducing packaging waste will increase growth in the market for aerosol cans in Europe, as it is cost-effective and reduces wastage by increasing the shelf-life of the product. U.K. is projected to account for the largest market share and dominate the European aerosol cans market by 2021. The growth in personal care and home care industries is expected to drive the demand for aerosol cans in U.K. In addition to this, factors such as economic growth, rise in competition among manufacturers, consumer preference for packaging which is sustainable, high quality, convenient, and visual appeal have increased the demand for aerosol cans in the U.K.
The major players include Ball Corporation (U.S.), CCL Industries, Inc. (Canada), Crown Holdings, Inc. (U.S.), WestRock Company (U.S.), Ardagh Packaging Holdings Limited (Luxembourg), Nampak Ltd. (South Africa), Colep Portugal S.A. (Portugal), BWAY Corporation (U.S.), and Exal Corporation (U.S.). Companies have adopted strategies such as new product launches, mergers & acquisitions, expansions and investments to cope with the increase in demand in the emerging markets.
The following are the major objectives of the study:
• To define, segment, and project the global aerosol cans market on the basis of product type, material, propellant type, end-use sector, and region.
• To project the size of the market and its subsegments in terms of value and volume, with respect to the five main regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
• To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market.
• To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders.
• To analyze competitive developments such as mergers & acquisitions, expansions & investments, new product launches, and partnerships & joint ventures in the aerosol cans market.
• To strategically profile the key players and comprehensively analyze their core competencies.
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