Aerosol Cans Market and its key opportunities and challenges

PUNE, India, 2019-Oct-20 — /EPR Network/ — The global Aerosol Cans Market was valued at USD 8.74 billion in 2015 and is projected to reach USD 10.93 billion by 2021, at a CAGR of 3.9% during the forecast period, as per a report by MarketsandMarkets.

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Browse 136 market data tables and 48 figures spread through 173 pages and in-depth TOC on “Aerosol Cans Market

Why emerging economies offer high growth opportunities?

Emerging economies such as BRIC (Brazil, Russia, India, and China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) are poised to account for much of the global growth for aerosol cans in the upcoming years. Growth in these countries is mainly driven by the favorable demographics, rising household incomes, and changing lifestyles of consumers, encouraging a rising preference for canned products. These factors induce changes in lifestyle that lead to greater demand for convenience in terms of packaging and use.

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Packaging companies are pursuing aggressive growth strategies in emerging economies by diversifying their product offerings and strengthening their distribution base. Aerosol Can packaging companies can increase their presence by serving their customers in new regions such as Asia, Latin America, the Middle East, and Africa. Growth in these developing regions over the next few years exhibits promising opportunities for business expansion.

Why environmental issues remain a challenge?

Aerosol cans are easy to use, but difficult to dispose. They may contain products or propellants that would be considered hazardous waste when disposed. Cans that are not emptied completely, and still have some propellant left, may be considered hazardous waste by U.S. EPA. The EPA has released guidelines on the proper disposal of aerosol cans that are not empty. Propane, carbon dioxide, and butane are the frequently used aerosol propellants. These are greenhouse gases that contribute to global warming and smog formation. Organizations such as National Aeronautics and Space Administration (NASA) and the National Science Foundation (NSF) Center for Aerosol Impacts on Climate and Environment (CAICE) have raised concerns regarding the damaging effects of aerosol propellants on the climate and the ozone layer. Thus, such challenges associated with the usage of aerosol cans are expected to pose challenge in the growth of aerosol cans market. Furthermore, the government guideline toward the use of plastic is also estimated to hamper the growth of aerosol cans market.

Related Report:

Rigid Plastic Packaging Market by Raw Material (PE, PET, PP, PVC, EPS, PS, Bioplastics), Type (Bottles & jars, Trays, Tubs, Cups & Pots), Production Process (Extrusion, Injection Molding), Application, and Region – Global Forecast to 2021

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