Aerosol Containers Market to Profit as Pharmaceutical Application Increases
Summary
Aerosol Containers Market Growth, Size of USD 7,644.6 Mn, Future Scope and Industry Forecast to 2022 | Global Aerosol Containers Market Information by Type (Straight wall, Necked-in, and Shaped), by Material (Metal, Glass, and Plastic), by Application (Personal Care, Industrial, Pharmaceutical, and Automotive) and by Region - Global Forecast till 2022
Aerosol Containers Market Scope
Market Research Future (MRFR) in its current “Aerosol Containers Market” report asserts that the market is likely to thrive at a 4.27% CAGR and is poised to increase to a size of USD 7,644.6 million by 2025.
Market Highlights
MRFR reveals that the Aerosol Containers Market is expected to experience a substantial rise in its revenue by the end of the forecast period. This can be attributed to the recyclability of aerosol cans, supporting sustainable development. In addition, the growth of end-user industries, such as food & beverages, cosmetic & personal care, and healthcare can also augment the market growth. On the contrary, the availability of alternatives to the packaging at better price can hinder the expansion of the Aerosol Containers Market in the years to come.
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Market Key Players
MRFR enlisted some of the major key players that are functioning in the global Aerosol Containers Market. They include;
- Toyo Seikan Group Holdings, Ltd (Japan)
- Kian Joo Can Factory Berhad (Malaysia)
- CPMC Holdings Ltd (China)
- Shanghai Sunhome Industrial Company (China)
- Exal Corporation (US)
- CCL Industries (Canada)
- Crown Holdings Incorporated (US)
- Ardagh Group (Luxembourg)
- Ball Corporation (US)
- Al-Can Exports Pvt Ltd. (India)
Market Segmental Outline
The Aerosol Containers market segmental study is based on propellant type, product type, material, and application.
By material type, the market is segmented into plastic, steel, aluminum, and others. The aluminum segment is likely to hold command on the global Aerosol Containers Market.
By product type, the market is segmented into necked-in shaped and straight wall shaped. Dynamics of the straight-wall segment is expected to direct the Aerosol Containers Market’s course of progress for the assessment period. The increase in application of aerosol can in the cosmetic industry and the growing inclination of people towards enhancing personal appeal are expected to surge the straight wall shaped segment growth.
By propellant type, the market is divided into compressed gas propellant and liquefied gas propellant. The liquefied gas propellant segment is expected to grasp a major portion of the global market.
By application, the market is segmented into pharmaceutical, industrial, personal care, and automotive. The personal care segment to dominate the global Aerosol Containers Market. Factors, such as growing awareness about personal hygiene and self-beautification are expected to drive the expansion of the market.
Detailed Regional Outlook
North America, Asia-Pacific, Europe, and the Rest of the world (RoW) are the regional segments of the global aerosol market.
North America has always been a focus region for innovation and development of personal care and beauty products. Hence, the application of aerosol can is high in these verticals in the region, which is expected to propel the market growth in North America. leading position has progressively been propelled in the process of global competition. North America is well-known for its constant introduction of innovations in design and packaging of products to enhance integrity of products, their freshness and efficiency. This is another possible cause for the regional success of Aerosol Containers Market. The United States is expected to spearhead the regional market growth. In addition, the presence of the ever-increasing automotive and healthcare industries are also expected to gain high traction for the market. The Aerosol Containers Market in Europe is expected to grow at a rapid pace. The increase in demand for aerosol market across different verticals is expected to underpin the expansion of the regional market for the years to come.
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