According to the new market research report “Aerosol Cans Market by Material (Aluminium, Steel, and Plastic), Product Type (Necked-in, Straight wall, and Shaped), Propellant Type (Liquefied Gas, and Compressed Gas), End-use Sector, and Region – Global Forecast to 2021″, The aerosol cans market size is projected to grow from USD 8.74 billion in 2015 to reach USD 10.93 billion by 2021, at a CAGR of 3.9%.
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On the basis of material type, aluminum is projected to be the fastest-growing segment in the aerosol cans market. The demand for aluminum aerosol cans is increasing due to its ecological benefits, better performance, and convenience over glass and plastic cans.
The shaped segment is projected to be the fastest-growing segment in the aerosol cans market on the basis of product type and this trend is projected to continue during the forecast period. With continuously evolving packaging trends such as customized shapes and can body, and ease of printing on full can body, shaped cans have been observed to grow, owing to its features. These factors have helped expand the market for shaped aerosol cans in recent years. Additionally, the growth in retail industry and the rise in disposable income of consumers make shaped aerosol cans the fastest-growing segment.
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136 – Tables
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The aerosol cans market is growing rapidly in accordance with the growth in the packaging market, globally. Factors such as portability, recyclability, and growth in demand for personal care products have largely contributed to the growth of the aerosol cans market. This market is classified on the basis of product type, material type, propellant type, end-use sector, and region. It has experienced continuous progress with regard to technological advances and innovations in the packaging industry. According to MarketsandMarkets, the global market for aerosol cans, in terms of value, is projected to reach USD 10.93 billion by 2021, at a CAGR of 3.9%.
The growth of aerosol cans was largely influenced by new product launches in the last five years. The year 2014 experienced a large number of new product launches by top players in the market. Mergers & acquisitions also formed an essential part of their strategies, which led to their growth in the emerging markets. The key players include 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.).
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Crown Holdings, Inc. (U.S.) held the leading position in the global aerosol cans market in 2015. The company has maintained its leadership position through its strong distribution network across
Asia-Pacific, Europe, the Americas, and emerging markets. Crown Holdings is among the leading manufacturers of aerosol cans for many of the markets it serves. In April 2015, Crown Holdings, Inc. through its subsidiary, Crown Aerosol Packaging North America (U.S.), entered into a partnership with Unilever (U.K.), to introduce its new hair-spray line. This partnership expanded Crown’s business horizon in U.K., increased its local talent pool, and widened its product portfolio.
Ardagh Packaging Holdings Limited (Luxembourg) is engaged in the production and distribution of glass and metal packaging products. It manufactures and delivers a broad range of metal and glass packaging products. Ardagh Packaging Holdings Limited adopted new product launches to gain a competitive advantage in the market. In December 2016, Ardagh launched a distinctly shaped aerosol can for L’Oreal’s Puma branded cosmetic products. The 150 ml cans were designed to contain a range of deodorant body sprays. This helped Ardagh to cater to the needs of customers, and expand its product portfolio by offering extensive range of deodorant body sprays.
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