The aerosol cans market share in 2015 in the aerosol cans market. Liquefied gas propellants help to maintain the performance of the spray throughout the lifespan of the aerosol can. This is driving the demand for liquefied gas propellants in the aerosol cans market. Market Driven by (Personal Care, Automotive and Health Care Industries)
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The aerosol cans market has been segmented on the basis of material type, product type, propellant type, end-use sector, and region. On the basis of product type, straight wall accounted for the largest market share, in terms of both volume and value in 2015.
On the basis of propellant type, the liquefied gas propellant segment accounted for the largest market, in 2015.
Complete Report on Aerosol Cans Market spread across 172 Pages, Profiling 16 Companies and Supported with 136 Tables and 48 Figures is now available at www.rnrmarketresearch.com/aerosol-…arket-report.html .
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The global market for aerosol cans is projected to grow from USD 63.06 billion in 2015 to reach USD 80.94 billion by 2021, at an estimated CAGR of 4.3%. The aerosol cans market is driven by factors such as ease-of-use, portability, recyclability, safety & strength, and increase in aesthetic appeal of the product.
The increase in disposable income of people in developing economies allows them to spend more on personal care products, thereby helping the aerosol cans industry to grow.
- Manufacturers of aerosol cans
- Importers and exporters of aerosol cans
- Traders, distributors, and suppliers of aerosol cans
- End users (food & beverage, healthcare, and cosmetics & toiletries industries)
The market ecosystem involves various stakeholders in the aerosol cans market. It starts with the raw material suppliers who provide the required raw materials to the manufacturing companies.
The next level in the chain involves the manufacturing and the assembly team. After this, the marketing and sales of the finished products take place, which is only possible if an efficient distribution channel is developed.
Finally, the end products are distributed to the consumers.
“Liquefied gas propellant accounted for the largest market share in 2015”
The liquefied gas propellant segment accounted for the largest market share in 2015 in the aerosol cans market. Liquefied gas propellants help to maintain the performance of the spray throughout the lifespan of the aerosol can.
This is driving the demand for liquefied gas propellants in the aerosol cans market.
New product launches and mergers & acquisitions were the key strategies adopted by most players in this market. Companies such as 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.) were the key players who adopted these strategies to increase their customer base in key markets. The leading aerosol can manufacturers are focusing on emerging countries that are estimated to show potential for industrial development in the near future.
Breakdown of primaries
Primary interviews were conducted with a number of industry experts, in order to collect data related to different aspects of aerosol cans. The distribution of primary interviews is as follows:
- By Company Type: Tier 1 – 35%, Tier 2 – 35%, and Tier 3 – 30%
- By Designation: C level – 65%, and Manager level – 35%
- By Region: Europe – 28%,North America – 25%, Asia-Pacific– 22%, Middle East & Africa – 15%, and Latin America – 10%
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Latin America. In Asia-Pacific, China is the largest consumer for aerosol cans, followed by Australia.
China, with its growing personal care and healthcare industries, is expected to drive the aerosol cans market. Australia, with its growing inclination toward convenient products, is expected to impact the aerosol cans market in the Asia-Pacific region.
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