Bag & Bag Aerosol Can Market Forecast and CAGR
Aerosols are colloidal systems of solid or liquid phases suspended in the gas. This bag & bag aerosol can uses nitrogen or compressed air as a propellant, to reduce the carbon footprint to a large extent. Also, the technology inhibits the contact between the product and oxygen, which keeps the fragrances and colors stable for a longer duration.
The demand for the product has been improved and it is thus salable for a longer period whereas, the development of the pharmaceutical industry in North America region due to rising health problems among the people is likely to result to increase the sales. According to the latest study by Fact.MR, the global bag & bag aerosol can market size is estimated to grow at a significant rate of more than 5% over the forecast period.
The manufacturers should further stimulate the development of products such as throat spray, medical adhesive dissolving spray and others, which should propel the sales. The growth of the personal care and pharmaceutical industries globally due to the factors such as improved living standards, increasing public awareness, and increased purchasing power should benefit the market. Also, the introduction of environment friendly products for the food and pharmaceutical industries should stimulate growth.
Besides, the high cost involved in making aerosol bag products should further increase the swapping cost for key players, which will cause to limit the overall growth. Thus, the bag & bag aerosol can is perceived as the “value for money” packaging solution among manufacturers and consumers, which is expected to surge globally during the forecast period.
What is Driving Demand for Bag & Bag Aerosol Can?
The development in eco-friendly packaging is expected to create new opportunities for the product in the forecast period. Rising urbanization and structure developments in emerging countries is expected to drive the demand for bag aerosol in household and paint products.
Additionally, the introduction of the EPA (Environmental Protection Agency) approved bag aerosol products is gaining more attention and is expected to boost the sales in forecast period.
In the case of metal packaging, innovations in products due to the rising environmental concerns and consumer convenience is being witnessed, for example, hydrocarbons are being replaced by compressed gases as propellants and innovation is done by introducing the inner plastic bag and splitting the product from the propellant.
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Rising Food & Beverage Industry Likely to Augment Bag & Bag Aerosol Can Sales
Rising application of bag & bag aerosol can in the food & beverage industry as it is mostly used for packaging food products since it maintains the purity and freshness of the product and is expected to foster the overall growth. This product ensures veracity and helps to keep the food product fresh for a longer time. It also provides efficient and precise usage of the food product.
Moreover, the demand for whipped cream has been witnessed significant growth in the historical period owing to their rising demand for bakery products such as cheesecake, hot chocolate milkshakes, sundaes, ice creams, cupcakes and pies. This is further expected to fuel the demand.
The growing popularity of low-pressure bag on valve product that offers great efficiency with few effects of contamination is expected to offer profitable growth opportunity.
The contents present in the low-pressure bag on the valve bestows in a pouring manner and are ideal for products such as wound washes, flavorings, coffee concentrates, and cooking oils. Hence, low-pressure bag on valve product is gaining massive traction in the market and this is expected to nurture the global growth.
North America Bag & Bag Aerosol Can Market Outlook
North America holds the highest amount of global share.The regional share is mainly attributable by the personal care industry whereas the factors such as the rapid growth in the fragrance industry, the rise in spending of consumers and the high consumption of cosmetics are boosting regional growth.
In North America, the USA is expected to witness noticeable growth in demand during the forecast period, owing to the growth in furniture production & exports, increasing in demand from the automotive industry, and increasing architectural and construction projects, which is further likely to grow the demand for coatings and paints.
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Asia Pacific Demand Outlook for Bag & Bag Aerosol Can
Industries in Asia Pacific region is expected to grow at moderately, during the forecast period of 2021-2031. Factors such as rapid industrialization and the expansion of various industries including automotive, food and drink, pharmacy and others are expected to have positive growth.
Healthy growth is expected to have over the forecast period due to the rapid adoption of spray paints in the automotive industry for personalization and maintenance purpose in developing economies such as India, Indonesia and Malaysia.
This influence is further expected to subsidize the overall growth. Owing to the above-mentioned factors, the pharmaceuticals segment in the Asia Pacific region is expected to grow the sales of bag & bag aerosol cans significantly over the forecast period.
The consumable food products of minimum life like dairy, bakery and correlated products expose them to climate change, waste and contamination. This, in consequence, is likely to escalate the regional demand, precisely in the food application sector.
Who are the Key Manufacturers and Suppliers of Bag & Bag Aerosol Can?
The prominent players in the market are
- KOH-I-NOOR Mlada Vozice
- Lindal Group Holding GmbH
- Coster Tecnologie Speciali S.p.A.
- Aptar Group Inc
- Exal Corporation
- Summit Packaging Systems
- Precision Valve Corporation
- Chicago Aerosol.
These key players resolute in North America and other developed regions conquer a momentous share worldwide. Major producers are expected to shift their industries in developing regions such as Central and South America, Middle East & Africa and the Asia Pacific. This change is expected at looking at their improved sales and service branches in these regions in order to increase global share.
Additionally, manufacturers are investing considerably in improving their R & D competencies as well as are focusing on getting pertinent insights and consumer inclinations that subsidize to building commercial strategies. For instance, in 2019, Aptar Group Inc. had launched fan spray insert technology for bag aerosol cooking sprays.
However, regional clusters including North America and Asia Pacific region aiding the local manufacturers are presenting defies to global manufacturers posing their products at composite points which in turn is favorably disturbing the overall bag & bag aerosol can market revenues.
An Adaptive Approach to Modern-day Research Needs
Bag & Bag Aerosol Can Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By Product Type
- Aerosol Bag on Valve
- Standard Bag on Valve
- Non-Spray Bag on Valve
By Container Type
- Tin Plate
- Below 30 ml
- 30 ml – 100 ml
- 100 ml – 500 ml
- Above 500 ml
By Valve Type
- Male Valve
- Female Valve
- Cosmetic & Personal Care
- Food & Beverages
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments by product type, by container type, by capacity, by valve type, by application and by geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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