PUNE, India, March 27, 2017 /PRNewswire/ --
The report "Aerosol Cans Market by Material Type (Aluminum,
Steel, Plastic, and Glass), Product Type (Necked-in, Straight wall,
and Shaped), Propellant Type (Liquefied Gas and Compressed Gas),
End-use Sector, and Region - Global Forecast to 2021",
published by MarketsandMarkets, the market size is projected to
grow from USD 63.06 Billion in 2015
to reach USD 80.94 Billion by 2021,
at a CAGR of 4.3%.
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Browse 136 market data Tables and 48 Figures spread
through 172 Pages and in-depth TOC on
"Aerosol Cans Market"
http://www.marketsandmarkets.com/Market-Reports/aerosol-cans-market-48885732.html
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The demand for aerosol cans is expected to be driven by factors
such as ease-of-use, portability, recyclability, safety &
strength, and the increase in aesthetic appeal of the product.
Furthermore, growth in personal care industry and increase in
demand for cosmetic products present a great opportunity for this
market to grow in the future.
Personal care segment projected to be the largest segment
during the forecast period
The personal care segment is projected to be the largest in the
aerosol cans market on the basis of end-use industry, and this
trend is projected to continue during the forecast period. Factors
such as rise in disposable incomes, change in consumer lifestyles,
product presentation & differentiation, and rise in demand for
personal care products such as deodorants, hair sprays, and face
& body creams will increase the consumption of aerosol cans.
The retail industry, which is currently witnessing a shift from
unorganized to organized retail, will also augment the demand for
aerosol cans.
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Aluminum is projected to be the largest segment during the
forecast period
The aerosol cans market, on the basis of material type, has been
classified into aluminum, steel, plastic, and others, which include
glass. The aluminum segment accounted for the largest share in 2015
due to its numerous benefits such as light weight, high recycling
rates, and high standards of safety and hygiene.
Europe projected to be the
largest share in the aerosol cans market by 2021
Europe, with developed
economies such as the U.K. and Germany, is expected to drive the aerosol cans
market. Focus on reducing packaging waste will increase growth in
the market for aerosol cans in Europe, as it is cost-effective and reduces
wastage by increasing the shelf life of the product. The U.K. is
projected to account for the largest market share and dominate the
European aerosol cans market by 2021. The growth in personal care
and home care industries is expected to drive the demand for
aerosol cans in the U.K. In addition to this, factors such as
economic growth, rise in competition among manufacturers, consumer
preference for packaging which is sustainable, high quality,
convenient, and visual appeal have increased the demand for aerosol
cans in the U.K.
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The major players in the Aerosol Cans Market include Ball
Corporation (U.S.), CCL Industries, Inc. (Canada), Crown Holdings, Inc. (U.S.), WestRock
Company (U.S.), Ardagh Packaging Holdings Limited (Luxembourg), Nampak Ltd. (South Africa), Colep Portugal S.A.
(Portugal), BWAY Corporation
(U.S.), and Exal Corporation (U.S.). Companies adopted strategies
such as new product launches, mergers & acquisitions,
expansions, and investments to cope with the increase in demand in
the emerging markets.
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