Aluminum Aerosol Cans Market Scope
Aluminum aerosol cans are one of the effective packaging solutions that provide all the features related to high performance during storage, transportation, and convenient features to the consumer. Aluminum aerosol cans are a type of dispensing system which creates an aerosol mist of liquid particles. Nowadays, Packaging has become a vital component in modern lifestyle due to its storage, transportation, and increasing consumer inclination towards convenient products on the backdrop of a fast-paced lifestyle. Moreover, the rising demand for personal care and manufacturing products has witnessed improvements in terms of consumption over the last few years and are more easily available due to its effective packaging solution. This is anticipated the growth of the global aluminum aerosol cans market in the forecast period.
According to AMA, the Global Aluminum Aerosol Cans market is expected to see growth rate of 5.83%Aluminum aerosol cans market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Aluminum Aerosol Cans market throughout the predicted period.
Ball Corporation (United States), Crown Holdings Inc. (United States), CCL Industries Inc. (Canada), WestRock Company (United States), DS Container (United States), Ardagh Packaging Holdings Limited (Luxembourg), Nampak Ltd. (South Africa), Colep Portugal S.A. (Portugal), BWAY Corporation (United States) and Exal Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are TUBEX Holding GmbH (Germany), ALUCON (Thailand), CPMC Holdings Limited (China), Kian Joo Can Factory Berhad (Malaysia), Bharat Container (India), Silgan (United States), Shanghai Sunhome (Group) Co. Ltd. (China) and Jamestrong Packaging (Australia).
Segmentation Overview
The study have segmented the market of Global Aluminum Aerosol Cans market by Type (Necked-in, Straight Wall and Shaped Wall), by Application (Cosmetics and Personal Care, Pharmaceuticals and Medicine, Household Substances, Automotive/Industrial, Food and Beverage and Others (Insecticides, Sports, etc.)) and Region with country level break-up.
On the basis of geography, the market of Aluminum Aerosol Cans has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Technological Enhancement and Increasing Urbanization, Increasing Awareness of Eco-Friendly Packaging Solutions and The Growth in Demand for Lightweight Packaging in Various Sector
Market Growth Drivers:
Increasing Demand for Packaging Highly Sensitive Products Globally, Growing Cosmetic and Personal Care Industry in Developing Economies and Recyclability of Aerosol Cans
Challenges:
Stringent Government Rules and Regulations
Restraints:
Availability of Alternatives in Terms of Packaging and Price
Opportunities:
Increasing Awareness Regarding Personal Upkeep and Hygiene and Surging Production of Automobile in Various Countries in Latin America Including Brazil, Argentina and Other
Market Leaders and their Expansionary Development Strategies
In June 28, 2022, Ball Corporation launched sustainable aluminum aerosol can globally, with only half the carbon footprint of a standard can it helped to support Ball’s ambition to achieve its 2030 science-based targets and net-zero emissions prior to 2050. This launch hlped company to expand its presence in aluminum aerosol cans market
On 26th January 2021, Ball Corporation, a leading maker of infinitely recyclable aluminum packaging, intends to begin construction of a new production facility at Pilsen Digital Park in the spring of 2021. The development, in the West of the Czech Republic, would expand Ball's output in the region to meet the growing demand from consumers who want sustainable and recyclable beverage packaging.
EPA is proposing to add hazardous waste aerosol cans to those “universal wastes” regulated under Title 40 of the Code of Federal Regulations (CFR), part 273. This change in the Resource Conservation and Recovery Act (RCRA) regulations, will reduce regulatory costs of a wide variety of establishments generating and managing aerosol cans, including the retail sector, by providing a clear, practical system for handling discarded aerosol cans.
Key Target Audience
Aluminum Aerosol Cans Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.