Press release
Aerosol Valve Market worth USD 1,794.7 million by 2027
The global aerosol valve market size is expected to grow from USD 1,378.2 million in 2020 to USD 1,794.7 million by 2027, registering a CAGR of 15.1% during the forecast period. The aerosol packaging industry has recognized that packaging is much more than just packaging design. The appropriate packaging also affects the functionality of a product, and therefore, the players in the market are increasingly dependent on innovative packaging solutions. The increasing demand from consumers for practical and user-friendly dispensing solutions and products is prompting the enterprises operating in various end-user industries to adopt easy-to-handle and convenient packaging solutions, such as recyclable plastics and compostable biodegradable plastics, thereby driving the innovations in packaging.
Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Aerosol Valve Market Research Report 2021-2027."
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Global Aerosol Valve Market Segmentation
The overall aerosol valve market has been segmented into type, end-users, and region.
• By Type (Continuous and Metered)
• By End-Users (Personal Care, Home Care, Healthcare, Automotive, and Other End-user Industries)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
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Personal care, by end-users, is estimated to hold the largest market share during the forecast period
Based on method, the global aerosol valve market is segregated into personal care, home care, healthcare, automotive, and other end-user industries. The personal care segment generated the highest profits of 55.1% of the total global aerosol valve market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. The rising aging population, coupled with the growing disposable income, contributes to the growth of the personal care sector across the world.
Furthermore, it has been identified that the cosmetics sector continues to be the most important market for aluminum aerosol cans, accounting for nearly 85% of the total production worldwide. Deodorants and perfumes are the major products, accounting for every second can produced. They hold a market share of 60%, followed by hair sprays, hair mousses, and other cosmetic products. The surge in aluminum aerosol cans is expected to drive the demand for aerosol valves. The current global consumer aerosol products, such as deodorants and hairsprays, have utilized the unfriendly environmental propellant of liquefied petroleum gas (LPG) for over three decades. The trend is shifting toward inert gases, which have various properties, such as no butane or other liquefied hydrocarbon gas, along with customer-acceptable spray quality.
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Europe accounts for the largest market share in aerosol valve market 2020
Based on the regions, the global aerosol valve market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Europe accounted for the highest market share of 33.7% in the global aerosol valve market and was anticipated to maintain its dominance throughout the forecast period. Europe has major demand for aerosol valves for various sectors, including personal care, automotive, healthcare, etc. A survey conducted by GWI (Global Web Index) on over 2,300 web users from the United Kingdom who buy natural cosmetic and personal care products regularly indicated that about 80% did so since they care about the environment and health.
Moreover, the personal care segment has the largest market share of 57% in aerosol production in the region, followed by varnishes, paints, pharmaceutical products, food, and chemicals. The wide application of aerosol valves in these end-user industries can simultaneously grow aerosol valves in the region. Due to various stringent government regulations surrounding the collection and recycling of used cans, the industry follows an optimum chain of operations for complying with different rules.
This research report includes a study on the development and marketing strategies and a survey of the product portfolios and winning strategies of the leading companies operating in the aerosol valve market. It also consists of the profiles of leading companies such as Aptar Group, Precision Valve Corporation, Coster Tecnologie Speciali, Clayton Corp., Newman Green, Mitani Valve, Summit Packaging Systems, KOH-I-NOOR Mladá Vožice, SALVALCO, Majesty Packaging System Limited, EC Packs Industrial Limited, LINDAL Group Holding, C. Ehrensperger AG., Shanghai Sunhome Industrial Company, Aroma Industries, Seung IL Corporation, Yingbo Aerosol Valve Co., Ltd., and Guangzhou Zhongpin Aerosol Valves Co., Ltd. These market players have focused on acquisitions and expansion to gain a larger market share in the aerosol valve market.
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