A recent report published by Infinium Global Research on aerosol cans market provides 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 is expanding the demand for aerosol cans. Furthermore, improving 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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