Market Synopsis: Global Aerosol Packaging Market
Rigid packaging has become one of the important forms of product packaging in the wholesale, retail, industrial and commercial sectors. It is not only safe, but it also helps to increase the products’ shelf life. Preference for aerosol products majorly include antiperspirants and deodorants, which is mainly used by the younger people. Rising the disposable income of people across the globe which increases the purchase power of the people and rising the awareness about personal care. In addition, rising the demand for aerosol packaging is rising in industries to response the need for personalization and maintenance is increasing the use of spray paints, which in turn use aerosol packaging. These are some of major factor which propel the growth of the global aerosol packaging market over the forecast period. The uncertain situation due to the coronavirus may affect the trend of the global aerosol packaging market in the next few years. The global aerosol packaging market is expected to register steady growth during the forecast period, 2022-2030.
Impact of Covid-19 pandemic on market
COVID-19 crisis impacted manufacturers involved in various industries and obstructed the entire supply chain, from raw materials to end product delivery. Moreover, government and policymakers are mostly engaged in handling and controlling the medical crisis to meet a healthy and safe environment for the nation’s population. The lack of understanding to manage economic risks and the business sector is expected to put the economic and industrial growth towards vulnerability. The report will include the impact of COVID-19 on the target market in detail.
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Market Dynamics: Global Aerosol Packaging Market
Sales of personal care products is expected to witness exponential growth results the growth of aerosol packaging positively. Hair sprays and deodorants consumption form the bulk of the aerosol packaged products. This is the major factor which helps to grow the global aerosol packaging market during the forecast period.
However, fluctuating the price of raw materials and growing fear among the end-user about the side effect of the aerosol packaging, are some of the factors which might hamper the growth of the market global aerosol packaging market over the forecast period.
The market player has an opportunity to invest in an emerging market to gain more sales benefit over the forecast period. Moreover, innovation in packaging will impact the market growth.
Market Segmentation: Global Aerosol Packaging Market
The global Aerosol Packaging market is segmented based on type, material type, end-user, and regions.
The global aerosol packaging market is segmented based on the type as bottles, cans, cylinders, and others. The bottle segment holds the major portion of the global aerosol packaging market and is estimated to grow with highest CAGR during the forecast period. On the basis of material type, the market is segmented into plastic, aluminum, stainless-steel, and glass. Aluminum is one of the most preferred material for packaging due to its wide range of properties such as lightweight, flexible in nature, corrosion-resistant, shatterproof and many more. As a result, the aluminum segment is projected to grow with highest CAGR during the forecast period.
Based on end-user, the targeted market is segmented as household, healthcare, automotive, cosmetic and industrial. Among all the segments, the cosmetic segment of end-user is projected to dominance the market owing increasing the purchase power of the people and rising awareness about personal care. Aerosol can be used for the packaging of perfumes, deodorants, body & face creams.
Regional Overview: Global Aerosol Packaging Market
In the region, the global Aerosol Packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to be fastest growing market during the forecast period and is projected to register the highest CAGR among all the regions. The major factors which attributes the growth of market includes increasing disposable income in the in the developing nations like India and China. Key factors such as growth of convenience food industry, industrialization, rise in manufacturing, rise in retail sales have contributed to the growth of the aerosol packaging market in this region over the forecast period.
Competitive Landscape: Global Aerosol Packaging Market
The key players operating in the global Aerosol Packaging market include ArceloMittal SA, Ardagh Group PLC, Berry Global, Inc., Crown Holdings, Inc., Ball Aerosol Packaging SA, Asian Aerosol Pvt. Ltd., CCL Industries Inc., Aptar Group Inc., Silgan Holdings Inc., Alucon Public Company Ltd., Montebello Packaging Inc., Lindal Group, Exal Corporation, Graham Packaging Company, Allied Cans Limited, Nampak Ltd., ARYUM Metal Tup Imalat ve San. Dis. Tic. A.S., TUBEX GmbH, Bharat Containers and other players. Investment in new product categories with a differentiated pricing strategy enables the manufactures to lure new customers and gain prominent market share in the various product category. Moreover manufacturers are customizing aerosol packaging solutions to meet the end-user.
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Detailed Segmentation: Global Aerosol Packaging Market
By Material Type – Plastic, Aluminum, Stainless-steel, and Glass
By End-user – Household, Healthcare, Automotive, Cosmetic and Industrial
Europe – Germany, UK, Spain, France, Italy, Russia, Rest of Europe
Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
Latin America – Brazil, Mexico, Argentina, Rest of Latin America
Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022-2030. For the purpose of this study, analyst has segmented the global Aerosol Packaging market report based on the packaging type, material type, end-user and region.
Global Aerosol Packaging Market, By Packaging Type:
Global Aerosol Packaging Market, By Material Type:
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Global Aerosol Packaging Market, By End-user:
Global Aerosol Packaging Market, By Region: