Aluminum Aerosol Cans Market Segments, Opportunity, Growth and Forecast By End-use Industry 2016-2026
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Global Aluminum Aerosol Cans Market: Drivers & Restraints
Aluminum aerosol cans market was started way back in 1940 and since then it has become an integral part of commercial products since. Aluminum aerosol cans market is expected to be highly concentrated into homecare and personal beauty products. Around 80% of aerosol can industry is for personal care & beauty care products and rest is distributed between F&B industry and homecare products. As per Consumer Specialty Products Association (CSPA) in 2015 around 3.8 billion containers were filled in the U.S. and 20% of it were aluminum containers. Excellent properties of aluminum aerosol cans such as providing a long shelf life and a safe way to dispense a wide variety of products. Rise in economic condition of individuals and shift of mindset towards products which are packaged in convenient containers.
Growth in industries such as paint industry, F&B industry, Alcoholic beverages etc. and there increase in spending to offer products in aluminum aerosol cans to which provide a long shelf life. Recyclability properties of aluminum aerosol can are few of the factors to be mentioned which can drive the growth of aluminum aerosol will cans market.
Increase in power tariffs which will increase the cost of manufacturing aluminum as well as aluminum aerosol cans, recent geo-political tensions and sanctions which will restrict various market from respective regions from trading are few of factors which will impact in growth of aluminum aerosol cans market.
In terms of geography, the global aluminum aerosol cans market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The global aluminum aerosol cans market is expected to register healthy CAGR during the forecast period. North America is expected to be leader in the aluminum aerosol cans market owing to the large amount of industries such as F&B industry, Alcoholic Beverage industry, Industrial products industry etc. present in U.S. predominantly and in Canada and those industry’s product offerings in aluminum aerosol cans for consumer’s convenience. North America is followed by Europe due to similar trends alike North America.
In APAC countries such as India, China are witnessing a growth in the population who are below age of 35-40 Years, the younger population generally have general liking and prefer products in aluminum aerosol cans as it appeals to them. In MEA the aluminum aerosol cans market is expected to grow over the forecast period industries such as F&B, Alcoholic Beverages, Homecare Products are the one who is driving the growth of aluminum aerosol cans market in MEA region. In Latin America the aluminum aerosol cans market is in nascent stage and it is expected the market will grow over the forecast period in various other new avenues.
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Global Aluminum Aerosols Cans Market: Key Players
Some of the major players identified in the global aluminum aerosols cans market include BALL CORPORATION, Exal Corporation, Neelam Global Pvt. Ltd., SHIBA CONTAINERS PVT. LTD., Casablanca, CCL Container
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