09 January 2020
Visiongain’s new report Aerosol Valves Market Report 2020-2030: Forecasts by Valve Type (Tilt Aerosol Valve, Vertical Aerosol Valve), Valve Functionality (Continuous Spray Aerosol Valves, Metered Spray Aerosol Valves), End-Use (Automotive, Cosmetics & Personal Care, Food & Beverages, Home care, Pharmaceuticals), by region and analysis of leading companies operating in this industry.
The global aerosol valves market is anticipated to surpass USD 2.5 billion by 2030 while growing at a lucrative CAGR of 4.4% during the forecast period from 2020 to 2030.
Technology innovation has seen a significant increase in demand for easy and environmentally friendly packaging items over the past few years. Aerosol packaging is one of the major developments in the packaging industry that has been used in packaging a wide range of products comprising home care, health care, and personal care products.
Mostly, an aerosol is used in a pressurized container that releases a spray of liquid when actuated. The deodorants and other home care products are the most popular applications for aerosol cans. However, it is also used for the packaging of pain relief sprays, nasal sprays, etc.
The major factor driving demand for aerosol valves is growing expenditure on personal care and hygiene products. Also, growing consumer awareness towards better hygiene in developing countries is anticipated to boost market growth for aerosol valves. There are high opportunities for revenue generation for new entrants present in the developing economies and tackle the growing demand for personal care and hygiene products such as deodorants, skincare & haircare products. Certain sectors such as home care and healthcare also offer significant opportunities for market players. Some examples of the application of aerosol packaging in-home care products include insect repellants, cleaning agents, etc.
It is expected that technological development in valves will create a huge market potential for the brand in the future. Various regulations relating to the manufacture, filling and product safety of aerosols are changed throughout the year as previous legislation and directives are re-appealed with improvements to the formulation and new products being introduced on the market. This tight regulatory scenario is expected to hamper market growth over the forecast period.
In several regions, spray paints are common and are done on a commercial scale. As a result, the demand for such paints over the forecast period is expected to boost growth. In the developing economies, a large scale of infrastructural development is expected to drive the demand for products in the construction industry.
In the year 2018, Europe dominated the global aerosol valve market owing to the presence of numerous manufacturers in the region. However, in the coming years, the region is expected to witness limited growth due to the mature industry in major economies such as Germany, the UK, and France. The Asia Pacific, due to strong economic growth in countries such as India and China, is expected to see the fastest growth at a CAGR of xx% from 2020 to 2030. It is expected that government initiatives involving new market investments coupled with growing expenditure on personal care products would drive growth in the region over the forecast period.
Some of the key aerosol valves market players include AptarGroup, Inc., Aroma Industries, C. EHRENSPERGER AG., Clayton Corporation, Coster Group, DS Containers, EC Pack Industrial Limited, Ehrensperger AG, Guangzhou Zop Aerosol Valves Co., Ltd., Jinxing Aerosol Valve Manufacture Co., Ltd., KOH-I-NOOR Mladá Vožice a.s., LINDAL Group, Majesty Packaging Systems Limited, MITANI VALVE CO., LTD., Newman-Green Inc., Power Container Corporation, Precision Valve Corporation, Seung-il Corporation Ltd., Summit Packaging Systems, The Salford Valve Company Ltd. (Salvalco) among other prominent players.
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