Aerosol Cans Market worth 10.93 billion USD by 2021 | Key Players include Ball Corporation, CCL Industries Inc., Crown Holdings Inc., WestRock Company, Ardagh Packaging Holdings Limited

According to recent market research "Aerosol Cans Market by Material (Aluminium, Steel, and Plastic), Product Type (Necked-in, Straight wall, and Shaped), Propellant Type (Liquefied Gas, and Compressed Gas), End-use Sector, and Region - Global Forecast to 2021", The aerosol cans market size is projected to grow from USD 8.74 billion in 2015 to reach USD 10.93 billion by 2021, at a CAGR of 3.9%.

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The global market for aerosol cans, in terms of value, is projected to reach USD 10.93 billion by 2021, at a CAGR of 3.9%. This market is growing rapidly in accordance with the growth in the packaging market, globally. Rise in demand for personal care products has largely contributed to the growth of the aerosol cans market. This market has been classified on the basis of product type, material type, propellant type, end-use sector, and region.

High growth potential in emerging Asia-Pacific markets is expected to provide new growth opportunities to the players in the aerosol cans market. In 2015, Asia-Pacific accounted for the fastest-growing region in the global aerosol cans market, with China being the largest market in this region. Developing countries such as China and India are projected to be the emerging markets, making Asia-Pacific the fastest-growing region in the aerosol cans market. These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the aerosol cans market in this region is driven by factors such as the increase in home care, and autotmotive industries, the rise in demand for cosmetics & toiletries products, growth in trend of convenient packaging, and economic development.

The automotive segment is estimated to be the second fastest-growing segment in 2016. The demand from the automotive sector is expected to experience a higher growth rate, mainly because of rise in disposable incomes, change in lifestyle, and change in consumer preferences. Aerosol cans are easy and safe to use.

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The aerosol cans market is growing rapidly in accordance with the growth in the packaging market, globally. Factors such as portability, recyclability, and growth in demand for personal care products have largely contributed to the growth of the aerosol cans market. This market is classified on the basis of product type, material type, propellant type, end-use sector, and region. It has experienced continuous progress with regard to technological advances and innovations in the packaging industry. According to MarketsandMarkets, the global market for aerosol cans, in terms of value, is projected to reach USD 10.93 billion by 2021, at a CAGR of 3.9%.

The growth of aerosol cans was largely influenced by new product launches in the last five years. The year 2014 experienced a large number of new product launches by top players in the market. Mergers & acquisitions also formed an essential part of their strategies, which led to their growth in the emerging markets. The key players include companies such as 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.).

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Crown Holdings, Inc. (U.S.) held the leading position in the global aerosol cans market in 2015. The company has maintained its leadership position through its strong distribution network across.
Asia-Pacific, Europe, the Americas, and emerging markets. Crown Holdings is among the leading manufacturers of aerosol cans for many of the markets it serves. In April 2015, Crown Holdings, Inc. through its subsidiary, Crown Aerosol Packaging North America (U.S.), entered into a partnership with Unilever (U.K.), to introduce its new hair-spray line. This partnership expanded Crown's business horizon in U.K., increased its local talent pool, and widened its product portfolio.

Ardagh Packaging Holdings Limited (Luxembourg) is engaged in the production and distribution of glass and metal packaging products. It manufactures and delivers a broad range of metal and glass packaging products. Ardagh Packaging Holdings Limited adopted new product launches to gain a competitive advantage in the market. In December 2016, Ardagh launched a distinctly shaped aerosol can for L'Oreal's Puma branded cosmetic products. The 150 ml cans were designed to contain a range of deodorant body sprays. This helped Ardagh to cater to the needs of customers and expand its product portfolio by offering extensive range of deodorant body sprays.

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