Rising Focus on Packaging Format to Drive Aerosol Cans Market, says TMR
Aerosol cans are portable, unbreakable, light weight, and easy to hold. These benefits are responsible for the rise in the demand for aerosol cans, states a new report by Transparency Market Research (TMR). The report is titled, ‘Aerosol Cans Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.’ It conducts a comprehensive analysis of the market’s historical and present figures, which is further used to derive reliable insights into the market’s future. The report also discusses key segments of the global aerosol cans market in detail.
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The report sketches out the competitive landscape, including the market share of top vendors, their business and financial overview, key strategies adopted by them, and information regarding their recent developments. The report gives information regarding the degree of competition, threat of substitutes, threat of new entrants, and bargaining power of supplier and buyers.
The rising disposable income of consumers is driving consumer goods sales, which in turn is indirectly boosting the demand for aerosol cans. Additionally, the fast paced lifestyle of people is leading to an increasing use of aerosol cans. Moreover, since aerosol cans are recyclable they are increasingly appealing to the environmental conscious consumers. Factors challenging the growth of the aerosol cans market are government regulations regarding the use of plastics. Another factor restraining the growth of the market is the high price of the aerosol cans.
The global aerosol cans market is segmented on the basis of geography into Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. Of these, Europe is expected to lead in the aerosol cans market, wherein the U.K, followed by Germany, is projected to be the key manufacturer of aerosol cans. The demand for aerosol cans is also expected to increase from Asia Pacific in the coming years, especially from the emerging nations of India and China.
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Key players operating in the global aerosol cans market have been profiled in the report. They are BALL CORPORATION, Crown Holdings Inc., Aero-pack Industries, Inc., Spray Products Crop., Aerobal, S.A. de C.V., DS Containers, Inc., BWAY Corporation, ITW Sexton Can Company Inc., MidasCare Pharmaceuticals Pvt. Ltd., and Avon Crowncaps & Containers (Nig.) Plc. Key information about each of the companies such as their recent developments, business and financial overview, and strategies adopted has been given in the report.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.