Europe Aerosol Container Market is Likely to Propel Demand Over the Forecasted year 2022: Hexa Reports
The increasing use of the ” Aerosol Container ” product in manufacturing antiperspirants, hairsprays, after shaves, deodorants, and other cosmetics products is expected to propel demand over the forecast period.
Felton, United States – July 19, 2016 /MarketersMedia/ —
Expanding use of aerosol products owing to its superior properties is propelling the industry demand. Also, rising use of metal products from personal care sector will augment the market growth over the forecast period. HDPE (high- density polyethylene), Aluminum, steel, metal and silica are the essential raw materials used in aerosol container production. In addition, Properties of metals such as its durability and high resistance of UV light are attributing in Europe aerosol container market growth.
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The market is segmented as per product, applications and regions. Products include plastic, metal and glass. Metal led the market occupying the maximum share and is anticipated to undergo significant gains further. The product segment is projected to grow at a healthy CAGR from 2015 to 2022. Moreover, Aluminum, steel and tin raw materials are facing high demand owing to their superior properties along with light weight design.
Augmenting demand for personal care products in developing economies such as Brazil, Thailand and India will positively affect the Europe aerosol container market. Also, the existence of huge FMCG multinational corporations will propel the demand over the forecast period.
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Key applications in the market consist of medical, paint, personal care, household and others. Personal care segment dominated the market. Also, rising use of product in manufacturing of deodorants, aftershaves and antiperspirants has contributed in Europe aerosol container market development. Furthermore, Medical application is growing at a healthy CAGR and is projected to undergo significant gains over the forecast period. The application is expanding substantially owing to its increased use in pressurized metered-dose inhalers.
Regionally, UK was the major aerosol container manufacturer, contributed for maximum share in 2014. On the other hand, Germany experienced substantial growth due to its rising demand in household and industrial sector. The existence of massive FMCG companies such as Reckitt Benckiser and Beiersdorf will positively impact the market growth. Augmenting pharmaceutical research by companies coupled with rising industrialization will provide new avenues, thus, driving the production in the near future.
Increasing concerns regarding hygiene and personal care in France has driven the demand for personal care products in the region. Key market players in Europe aerosol container market consist of Plastipak Holdings Inc, Arnest Group, Ball Corporation, TUBEX Holding GmBH and Ardagh Group S.A.
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Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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