The Asia Pacific aerosol Cans market was valued at US$20.242 billion in 2017 and is projected to expand at a CAGR of 5.04% over the forecast period to reach US$27.188 billion by 2023. The Aerosol can market in the Asia Pacific region is driven by the emerging economies like India & China, wherein the number of the consumer with their purchasing power is increasing. Moreover, the government initiatives including FDI and free trade are further attracting the new players in this region. For instance, Ball Corporation entered the rapidly expanding Indian market with the opening of a new aluminium aerosol can in Ahmedabad, India. This expansion will enable the company to meet the needs of both the regional and global customers. Rapidly emerging economies like Brazil and Argentina with growing net disposable income will boost the demand for aerosol cans. Also, with the rise in number of personal care and pharmaceuticals players within the region further contribute to the growth of the market. Rising demand for the light weight packaging and growing urban population. The transforming traditional trade to modern trade and e-commerce penetration is expected to fuel the market growth in the years ahead.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Asia Pacific aerosol cans value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Asia Pacific aerosol cans market.
Major industry players profiled as part of the report are Ball Corporation, Crown, BWAY Corporation, Avery Dennison Corporation, and Exal Corporation among others.
The Asia Pacific aerosol cans market has been analyzed through following segments:
By Can Type
By Material Type
By Propellant Type
Liquefied Gas Propellant
Compressed Gas Propellant
By Industry Vertical
Personal Care and Cosmetics
Food and Beverage