Metal Aerosol Can Market is expected to reach USD 3.81 billion by 2024. The metal aerosol can is a storage equipment or container with excellent barrier properties for product integrity. They are exclusively used in several sectors from personal care to food & beverages. The metal aerosol cans market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
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The key driving factors responsible for the growth of Metal Aerosol
Can market :
The factors that are playing a
major role in the growth of metal aerosol can market are rising demand from
personal care, food & beverages, and pharmaceutical industry, prevention of
leakage and extension of the shelf life of the products, growing urbanization,
and growing demand from the consumers as changing lifestyle. However, these
cans are prone to explosion when comes in contact with high temperature and fire
and availability of alternatives in terms of packaging. These are the factors
that may restrain overall market growth in the years to come. Metal aerosol can
industry is segmented based on metal, usage, propellants, end user, and region.
Brass, aluminum, stainless steel,
steel, and the other metals could be explored in a metal aerosol can in the
forecast period. The aluminum sector accounted for the substantial market share
of the metal aerosol can and is estimated to continue with its dominance in the
years to come. Based on usage, disposable cans and refillable cans could
classify metal aerosol can in the forecast period.
Compressed gases and liquefied
gases are the propellants that could be explored in a metal aerosol can in the
forecast period. The market could be categorized based on end users like
chemical and paint industry, personal care, agriculture, pharmaceutical, food
and beverages, and other industries that could be explored in the forecast
period. In terms of value and volume, personal care sector accounted for the
significant market share of the metal aerosol can and is estimated to lead the
overall market in the years to come.
Globally, in terms of volume and
revenue, Asia Pacific accounted for the substantial market share of the metal aerosol
can and is estimated to lead the overall market in the years to come. The
reason behind the overall market growth could be increasing industrialization
and growing population. North America and Europe are also estimated to have a
positive influence on future growth. North America is the second largest region
with significant market share. The reason could be rising demand from personal
care and pharmaceutical industry. However, Europe and Japan are estimated to
grow at the moderate pace in the forecast period.
The key players of a metal
aerosol cans market are Ardagh Group S.A., Crown Holdings, Inc., TUBEX Holding
GmbH, Arnest Group, Nussbaum Matzingen AG, Alltub Italia S.R.L., Perfektup
Amb.San.ve Tic.A.S., Plastipak Holdings, Inc., Ball Corporation, and
RedalluminioSnc di Redaelli P. e C. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
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