Global Aerosol Can Market Hulu Terengganu

  • Location: Hulu Terengganu, Terengganu, Malaysia

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Global Aerosol Can Market was valued at US$ 62.7 Bn in 2017 and is expected to reach US$ 85.98 Bn by 2026, at a CAGR of 4.03% during a forecast period.Global Aerosol Can Market, by RegionBased on the end user, personal care & cosmetic is expected to hold the largest share in the market during the forecast period as a rise in the production of personal care & cosmetic industry. Growing permeation of social media such as Facebook, Instagram, Twitter, and other fashion blogs is fashioning awareness about the latest makeup trends, which is subsequently boosting the growth of the global aerosol can market. On the basis of product type, aluminum cans segment is expected to lead the market growth during the forecast period owing to it has features such as lightweight, huge standards of hygiene & safety, and high recycling rate.

Growing demand for aerosol cans from various industries such as healthcare and personal care & cosmetic and increasing innovation in product packaging are boosting the market growth in a positive way. The rising popularity of spray paints in the automotive industry is propelling the aerosol can market. Furthermore, high quality of products, the rise in the economy, cost efficiency, and changing consumer preferences for packaging are other driving factors of the aerosol market. In addition, rising fashion trends is also fuelling the aerosol cans market growth in personal care & cosmetic industry across the globe. However, growing awareness regarding health issues due to a toxic chemical is act as restraints to the market.

In terms of region, Europe is expected to hold the largest share in the market during the forecast period. Government’s strict regulations regarding waste management and developed economy of this region are major driving factors of the aerosol can market. Germany is expected to lead the market growth in forecast period as a rising requirement for an aerosol can owing to a solution for reducing packaging waste.

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Published date: August 31, 2020

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