A recent report published by Infinium Global Research on aerosol
cans market provides an in-depth analysis of segments and sub-segments in the
global as well as regional aerosol cans market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
aerosol cans market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
aerosol cans market. According to the report, the global aerosol cans market is
projected to grow at a CAGR of 5.52% over the forecast period of 2019-2025.
Various liquid products including deodorizers, lubricants, paints,
disinfectants, insecticides, cooking oil and others are been packaged in
aerosol cans. Aerosol cans also facilitate the usage of the product as required
by the consumer. Aerosol cans market is highly competitive and consolidated in
nature, where the major players in the market govern the dynamics of the
market. The major players in the market including Ball Corporation, Crown
Holdings, Inc., CCL Industries Inc., Nampak Limited, BWAY Corporation, CPMC
Holdings Ltd, Exal Corporation, WestRock Company, and others are focused on
mergers and acquisitions and new capacity expansions to sustain their
competencies.
The rise in the modern retail formats is majorly driving the
aerosol cans market. Products packaged in aerosol cans such as deodorizers,
lubricants, insecticides, and cooking oil are mostly available in the
supermarkets and hypermarkets. Thus, the increasing number of supermarkets and
hypermarkets supports the growth of the aerosol cans market. Moreover, the
ease-of-use, portability, recyclability, safety & strength, and the
increased aesthetic appeal of the product provided by them are expanding the
demand for aerosol cans. Furthermore, improving the consumer lifestyle is
supporting the growth of the aerosol cans market. As the lifestyle of the
population improves, consumer preferences also change, which increases the use
of various products. However, government regulation towards the use of plastic
and CFC is the major restraining factor for the growth of the aerosol cans
market. Nevertheless, the increasing awareness of eco-friendly packaging
solutions is expected to offer lucrative opportunities for the key players in the
aerosol cans market.
Region wise, Europe generated the highest revenue for aerosol
cans, dominating the global market. The largest market share of the European
region attributed to the rising demand for home and personal care products and
increasing focus on reducing packaging waste. Moreover, the rise in competition
among manufacturers, consumer preference for packaging which is sustainable,
high quality, convenient, and the visual appeal are expected to boost the
growth of the aerosol cans market in Europe.
The report on global aerosol cans market covers segments such as
material, type, and application. On the basis of material, the sub-markets
include aluminum, steel-tinplate, plastic, and other materials. On the basis of
type, the sub-markets include necked-in, shaped wall, and straight wall. On the
basis of application, the sub-markets include personal care, household,
automotive, industrial, food, pharmaceutical/veterinary, insect control, and
paints & varnishes.
The report provides profiles of the companies in the market such
as Ball Corporation, Crown Holdings, Inc, CCL Industries Inc, Nampak Limited,
BWAY Corporation, CPMC Holdings Ltd, Exal Corporation, WestRock Company, Colep
Portugal S.A., China Aluminium Cans Holdings Ltd., and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of aerosol cans market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.
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