The global aerosol valves market has the potential to grow by USD 228.02 million during 2019-2023, and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America), application (cosmetics, household products, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including AptarGroup Inc., C. Ehrensperger AG, Clayton Corp., Coster Tecnologie Speciali Spa, Lindal Group Holding GmbH, Majesty Packaging Systems Ltd., MITANI VALVE Co. Ltd., Precision Valve Corp., Summit Packaging Systems Inc., and The YingBo Aerosol Valve (ZhongShan) Co. Ltd.
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The market is concentrated, and the degree of concentration will increase during the forecast period. The market is competitive, and to expand its presence in different regions, vendors are focusing on introducing innovative aerosol dispensing solutions. AptarGroup Inc., C. Ehrensperger AG, and Clayton Corp. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the introduction of regulations on the use of propellants will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this aerosol valves market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this aerosol valves market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading aerosol valves companies, including:
APAC is one of the largest markets for aerosol valves, and the region will offer several growth opportunities to market vendors during the forecast period. The rising number of people switching to products such as spray, gel, and foam, because of the increasing disposable income and the ease of use is driving the demand for aerosol valves in the region.
Over 42% of the market’s growth will originate from APAC during the forecast period. The rising working population in the region and the easy availability of aerosol products is inducing several companies to invest in this region. China, India, and Indonesia are the key markets for aerosol valves in APAC. Market growth in this region will be slower than the growth of the market in MEA.
Aerosol valves Market: Segmentation by Application
The cosmetic industry uses aerosol valves in various applications such as hair care products and personal care products. The increasing awareness about beauty and personal care products along with the rising number of working people will increase the usage of aerosol valves by companies in the cosmetics sector.
As a result, there will be a steady increase in the aerosol valves market size in the cosmetic segment. This report provides an accurate prediction of the contribution of all the segments to aerosol valves market growth.
Aerosol Valves Market: Key Drivers and Trends
There is an increasing demand for consumer goods such as cosmetics and household products that can be dispensed with ease. APAC and South America are witnessing a rapid increase in the need for aerosol products. With the increasing disposable income, these regions are seeing a rise in demand for consumer discretionary products. The rapid economic growth and the growing working class population have led to an increase in demand for beauty, personal care, and home care products these regions. Over the forecast period, APAC and South America will offer huge growth potential for aerosol valve manufacturers.
The emergence of multi-compartment aerosol systems is one of the significant aerosol valves market trends that will affect the market landscape.
The cost of aerosol products will have a major impact on end-user investment in aerosol valves.
The increased convenience in several applications from aerosol cans is expected to increase the adoption of multi-compartment aerosol packaging.
An aerosol can with multi-compartments has more than one vertical partition, and each of these partitions has a valve or an actuator for easy usage.
Such factors will drive the demand for aerosol valves, driving market growth at a CAGR of over 4% during 2019-2023.