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Aerosol Valves Global Market Analysis, Trends, Growth, Research And Forecast 2033
Aerosol Valves Global Market
The Business Research Company presents an extensive market research report on the Aerosol Valves Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The aerosol valves market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to convenience and user-friendly packaging, growth in personal care industry, increased use in medical and pharmaceutical products, consumer preference for spray products.
The aerosol valves market size is expected to see strong growth in the next few years. It will grow to $2.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to shift towards sustainable packaging, customization and branding opportunities, expansion of pharmaceutical inhalers, demand for homecare and cleaning products, globalization of cosmetic and personal care brands, rise in e-commerce and online retail. Major trends in the forecast period include development of low-impact propellants, innovation in valve designs, digital printing on aerosol cans, technological advancements in valve design.
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Key Market Players:
Major companies operating in the aerosol valves market report are Procter & Gamble Co, Honeywell International Inc., Henkel AG & Co. KGaA, Estée Lauder Inc., Akzo Nobel N.V, Beiersdorf AG, Aroma Industries, Aptar Group Inc., Maruichi Co. Ltd., Kendrion (Mishawaka) LLC, Weener Plastics Group, Bespak PLC, Coster Group, Seaquist Perfect Dispensing Ltd., Seung-il Corporation, Summit Packaging Systems Inc., IGS Aerosols GmbH, DS Containers Inc., LINDAL Group Holding GmbH, Clayton Corporation, Packaging Concepts Associates LLC, Shanghai Metal Corporation, Pacific Bridge Packaging Inc., Precision Valve Corporation, Salvalco, Mitani Valve Co Ltd., LINDAL Group Holding GmbH, Newman-Green Inc., KOH-I-NOOR Mladá Vožice a.s., EC Pack Industrial Limited.
Market Drivers:
The rising demand for personal care products is expected to propel the growth of the aerosol valve market going forward. Personal care products refer to a wide range of products used for maintaining personal hygiene, enhancing appearance, and promoting overall well-being. Aerosol valves in personal care products provide controlled and efficient dispensing, ensuring precise application, convenient usage, and longer shelf life. For instance, in 2023, according to Cosmetics Europe, a Belgium-based personal care association, every day,500 million consumers use personal care products to enhance their well-being and protect their health. Additionally, the personal care industry involves approximately USD 31.23 billion (€29 billion) annually to the European economy. Therefore, the rising demand for personal care products drives the aerosol valve market.
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The aerosol valves market covered in this report is segmented -
1) By Product Type: Metered, Continued
2) By Material: Steel, Aluminum, Other Materials
3) By Application: Medical, Personal Care, Household, Automotive And Industrial, Foods, Paints, Other Application
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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