Increasing demand for portable household products, including bug sprays, and insecticides will likely drive the product’s market over the projected period. Moreover, growing demand for auto-care, automotive, and food & beverage, aerosol goods are anticipated to boost demand for these containers primarily due to rising disposable, income coupled with population development. Also, the growth of end-use industries such as automobiles and cosmetics, is projected to boost commodity demand over the forecast period. Concerns about the toxicity of propellants used in containers are expected to act as a significant restraint to the growth of the industry. The major metal aerosol can market players resort to new product development as a substantial market dominance strategy. Besides, these manufacturers, including Ardagh Group, Ball Corporation, and Crown Holdings Inc., promote their products through a well-established production and distribution network, stretched across significant consumers such as the UK, the US, and China. The propellant and product filling companies on the market are strategically positioned close to the production location to minimize the lead time.
The global Metal Aerosol Can market is forecast to reach USD 4.32 Billion by 2027, according to a new report by Reports and Data. The market is witnessing an increased demand from the personal care and cosmetics industry as metal containers are increasingly being used for personal care products as they secure the material from contamination and prolong the life of the goods relative to plastic containers. Besides, demand for metal aerosol cans is increasing due to their environmental benefits, superior performance, and convenience over the plastic cans. However, fluctuating costs of raw materials such as aluminum and steel are changing the demand for the usage of replacement goods is likely to hamper development in the sector for metal aerosols.
Key participants include:
The Ardagh Group, Crown Holdings Inc., CPMC Holdings Ltd., Ball Corporation, TUBEX Holding GmbH, Exal Corporation, Arnest Group, Plastipak Holdings Inc., Nussbaum Matzingen AG, and Perfektup Ambalaj, among others.
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The product processing advantages, including the no emission of volatile matter, shorter cycle time, and the ability to remold is expected to be the key driving factors. Moreover, these tapes are recyclable, which further promotes its application in different end-use industries, including sports goods, transportation, and others. The superior chemical resistance boosts its demand across various industrial applications.
The Unidirectional (UD) Tapes market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. The Unidirectional (UD) Tapes market has been growing steadily over the past decade and CAGR is expected to improve over the forecast period. It is also likely to be one of the industries influencing global revenue generation. Rapidly growing demand, an abundance of raw materials, population growth, financial stability, and product awareness are some of the factors that make progress directly and indirectly in the market.
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For the purpose of this report, Reports and Data have segmented into the global Metal Aerosol Can market on the basis of type, propellants, application, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Propellants Outlook (Revenue, USD Million; 2017-2027)
- Liquefied Gases
- Compressed Gases
Application Outlook (Revenue, USD Million; 2017-2027)
- Personal Care
- Food & Beverage
- Chemical & Paint
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- Asia Pacific
- Latin America
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The study throws light on the Unidirectional (UD) Tapes market mainly focusing on the growth factors and even the restraining factors. The restraining factors are also provided with the best solutions which also prove to be a counteract to the drawback and help increase the market demand. Applications, types, technology and many other segmentations are studied to give a depth of knowledge for further market investment. Key driving forces for Unidirectional (UD) Tapes market is explained to help give an idea for a detailed analysis of this market.
Further key findings from the report suggest:
- Based on type, Steel-Tin plate generated a revenue of USD 1.10 million in 2019 and is projected to rise with a CAGR of 3.2% in the forecast period, owing to its wide variety of applications in household products that place a greater emphasis on the pressure of the containers.
- The compressed gases propellants expected to grow with a CAGR of 3.9% in the forecasted period, owing to gases such as nitrogen, nitrous oxide, and carbon dioxide that are used as aerosol propellants for products dispensed as fine mists, foams, or semisolids, thereby making it suitable for a variety of applications.
- The personal care industry is the major contributor to the Metal Aerosol Can market in 2019. The personal care industry of the North America region is the major shareholder of the market and held around 68.0% of the market in the year 2019, owing to the steady growth for the rising demand for personal care products.
- North America dominated the market for Metal Aerosol Can in 2019. The consistent focus on the innovative and cost-effective procedures of the region, that are adopted in the area is driving the market. The North America region held approximately 30.0% of the market, followed by Europe, which contains around 28.8% market in the year 2019.
The report emphasizes the following key questions
Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
Conclusively, all aspects of the Unidirectional (UD) Tapes market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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