The global Aerosol Packaging market reached ~US$ xx Mn in 2018 and is anticipated grow at a CAGR of xx% over the forecast period 2019-2029. In this Aerosol Packaging market study, the following years are considered to predict the market footprint:
- History Year: 2014 – 2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 – 2025
The business intelligence study of the Aerosol Packaging market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). In a bid to recognize the growth prospects in the Aerosol Packaging market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the Aerosol Packaging market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the Global region.
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Decreasing demand for nasal sprays, shaving foams and increasing demand for roll-ons likely to hamper the growth of the global aerosol packaging market
Nasal sprays contain the calcitonin drug that is used for the treatment of osteoporosis. This drug poses an increased risk of cancer. Therefore it is suggested by the Health Canada Report that some alternative drug should be used for the treatment of bone disorders. Nasal sprays that contained calcitonin drug were already withdrawn from the Canadian market in 2013. This move is likely to affect the pharmaceutical segment of the global aerosol packaging market across the globe.
Customers across the world are changing their preferences towards more environment friendly packaging products due to the various harmful effects of packaging products. Deodorant sprays are packed in aerosol cans that contain few volatile organic compounds, which are considered harmful by many research organisations. These volatile organic compounds are harmful to the environment. As a result, consumers are preferring roll-ons as an alternative to deodorant sprays. This is likely to decrease the demand for aerosol packaging products worldwide.
The growing trend to maintain a bearded look in the adult male population across the globe is resulting in a decline in the demand for shaving products in the global market. This reduced demand for shaving foams and gels is expected to result in minimising the demand for aerosol packaging products. This trait will not only decrease the revenues of companies operating in the worldwide market but will also hamper the future trends and prospects of the aerosol packaging industry.The personal care and cosmetics segment by application is anticipated to be a major contributor to the global aerosol packaging market. This segment will continue to hold a sustained 40% market share throughout the forecast period 2017 – 2027, witnessing an increase of 60 basis points during the period of assessment. The global market for cosmetics and personal care is estimated to be valued at more than US$ 2 Bn in 2017 and is projected to rise to more than US$ 4 Bn by the end of 2027. This segment is estimated to create an incremental $ opportunity of a little more than US$ 1.50 Bn during 2017-2027. In terms of volume, the cosmetics and personal care segment is expected to witness 1.5X growth by the end of 2027, expanding at a CAGR of 4.3%.
Each market player encompassed in the Aerosol Packaging market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the Aerosol Packaging market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
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What insights readers can gather from the Aerosol Packaging market report?
- A critical study of the Aerosol Packaging market on the basis of segment 1, segment 2 and segment 3.
- Learn the behavior pattern of every Aerosol Packaging market player – product launches, expansions, collaborations and acquisitions in the market currently.
- Examine and study the progress outlook of the global Aerosol Packaging landscape, which includes, revenue, production & consumption and historical & forecast.
- Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
The Aerosol Packaging market report answers the following queries:
- Which players hold the significant Aerosol Packaging market share and why?
- What strategies are the Aerosol Packaging market players forming to gain a competitive edge?
- Why region is expected to lead the global Aerosol Packaging market?
- What factors are negatively affecting the Aerosol Packaging market growth?
- What will be the value of the global Aerosol Packaging market by the end of 2029?
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