The aerosol valves can also be called spraying devices that are connected to the containers with the content that is to be sprayed under pressure. The varied applications such as deodorant, hairsprays, insecticides, household requirements, and other decorative purposes and the increasing demand for these end-user applications are considered as the major drivers of aerosol valve market growth. Some of the applications might require certain dispensing patterns and involve substances with a different formulation. Therefore the manufacturers are expected to design these aerosol valves with greater precision and quality. The leading manufacturers are expanding their product portfolio and introducing a wide range of products that are suitable for pharmaceutical, beauty, food and beverage, and personal care. Moreover, they are efficiently differentiating the aerosol valves based on innovations, e-commerce capability, sustainability, product technology.
Additionally, the manufacturers are focused on bringing sustainability as a prominent factor into the aerosol valve industry right at the production level. The initiatives from the industrial sectors in minimizing the wastage, utilizing renewable energy resources, optimization of the energy consumption are some of the key factors considered by the manufacturers. Such factors are propelling the overall growth of the aerosol valves industry.
COVID 19 Analysis:
The COVID 19 pandemic has created a favorable environment for the growth of the aerosol valve industry, this is due to the increasing demand for the medical supplies and pharmaceutical industry. The demand in the end-user industries such as automotive, cosmetics, and production activities has reduced. However, the utilization in the medical industry, disinfectants and homecare products, and the food industry have increased the aerosol valve market value.
The initiatives by the government such as US environmental protection Agency had announced to take additional measures to ensure safety to combat the widespread of COVID. This has increased the demand for disinfectants and sanitizers. Such factors have increased the demand for aerosol valve production.
The increasing disposable income and the inclination towards convenient packaging are considered as the major drivers of the aerosol valves industry. Moreover, the increasing demand for the personal care products such as deodorants, face and body creams, sunscreens, shaving foams, and perfumes by a large population across the developed countries is considered as the major driver of aerosol valves market growth.
The increasing demand for cosmetics, which is primarily due to the prevalence of social media and the changing attitude of people to groom themselves are considered as the major drivers of aerosol valve market growth. A recent report states that about 85% of the production of the aerosol valve is utilized by the cosmetic industry.
The established players are increasing the overall investment in the aerosol valves industry, to increase the properties such as sustainability, convenience. Moreover, the investment in the industry has helped in bringing in advancement in the hydraulic fracturing technique. Such factors are considered as the major opportunities for the Aerosol valves market growth for the forecast period.
The medical and industrial segments are accounting for higher aerosol valves market growth due to the increasing demand in recent years. The increasing number of emergencies and chronic illness and medical requirements are propelling the pharmaceutical industry, which is propelling the aerosol valves market growth in recent times. This is expected to continue during the forecast period.
The regulations imposed on aerosol manufacturing and regarding product safety which are related to the composition of the contents inside the containers are expected to hinder the aerosol valve market growth.
The variation in the purchasing power of the target audiences is also impacting the growth of the aerosol valve industry, the changing preferences regarding personal care products and cosmetics are also negatively impacting the aerosol valves market growth.
Lack of technical competency in the aerosol valve industry and the issues related to assembling procedures in the manufacturing sectors are considered as the major challenge for the aerosol valves market growth, especially for the small scale industries, the issues related to the assembling and packaging involves are major challenges for their growth.
The availability of the various forms and packaging and the varied alternatives in the market is considered as the major challenge for the overall growth of the aerosol valves industry. Also, the environmental concerns associated with the manufacturing processes are expected to hinder the aerosol valves market growth during the forecast period.
Cumulative growth analysis:
The Global aerosol valves market value was at USD 2.8 billion in the year 2020 and it is expected to surpass the market value of over USD 3.4 billion by the year 2027 while registering a CAGR of 2.6% during the forecast period. This growth estimated by the experts is due to the increasing demand for the products of the end-user industries. Also, the pharmaceutical industry is showcasing higher demand for medical products such as asthma inhalers, pain relievers, sprays used in the medical equipment, surgeries, and other segments involved in the medical segment.
On the other hand, the improvement in lifestyle of a huge population of the developing countries is developing demand for cosmetic and self-care products. The favorable economic condition of these countries propels them to invest in the production of the aerosol valves and thereby increase the aerosol valve market growth. Additionally, the components used in aerosol valve manufacturing are generally available abundantly. The growth in urbanization and other favorable factors are considered as the major drivers of aerosol valves market growth.
Value chain analysis:
The growth of the aerosol valve industry is highly influenced by the growing demand for pharmaceutical products and the food industry. A huge population is inclined towards convenient packaging and is concerned to optimize the usage of the contents. As these medical contents are valuable the efficient dispensing of these products is essential. Such factors have increased the aerosol valve market value in recent years.
The increasing momentum of the end-user industries such as personal care, automotive industry, spray paints which are used in the construction industry, and so on are propelling the overall growth of aerosol valves. Moreover, the availability of the components required for the production of these aerosol valves is also augmenting the overall growth of the aerosol valve industry.
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North America is expected to witness a higher market share in the Aerosol valves industry owing to the favorable economies of the countries such as the US, Canada, and Mexico. Additionally, the increasing demand for the products such as food, healthcare products, automotive, and personal care products across the region is presenting a lucrative opportunity for the overall growth of the aerosol valves industry.
On the other hand, the Asia-pacific region is expected to have the second-largest market share in the aerosol valves market growth, this is due to the fastest growing economic condition. The increasing competition among the established market players and the adaptation of novel methods and dispensing structures combined with the increasing consumer base for convenient packaging are propelling the growth of the aerosol valves industry. The Asia-pacific region is considered as the leading manufacturing hub and is supplying to major parts of the world, hence the demand in the packaging industry is never declining across the Asia-pacific region. Therefore the increasing population and products with higher quality are augmenting the aerosol valves market growth.
In the year 2019, one of the leading market players, Aptar group which is based in the US has launched a new method of dispensing that is fan spray, which is designed to spray the cooking pans with oil. The Bag-on Value cooking spray has enhanced the shelf life of the product and offered convenience.
In the year 2019, one of the leading companies, Catidom SAS has acquired Coster which was considered as a major strategy to visualize the goals and improve the product portfolio.
This report has covered:
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|CAGR||5.2% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Aptar Group (U.S.), Precision Valve Corporation (U.S.), Coster Tecnologie Speciali (Italy), Seung IL Corporation (South Korea), LINDAL Group Holding (Germany), Mitani Valve (Japan), Summit Packaging Systems (U.K), Clayton Corp. (U.S.), Newman Green (U.S.), KOH-I-NOOR Mladá Vožice a.s. (Czech Republic), Majesty Packaging System Limited (China) and Salvalco (U.S.)|
|Key Market Opportunities||Gradual Recovery Of deodorants, hairsprays, shaving creams, face & body creams, where aerosol valves|
|Key Market Drivers||
• Personal care • Home care • Healthcare • Automotive • food & beverage • electronics
• Aptar Group (US) • Precision Valve Corporation (US) • Coster Tecnologie Speciali (Italy) • LINDAL Group Holding (Germany) • Mitani Valve (Japan) • Summit Packaging Systems (UK) • Clayton Corp. (US) • Newman Green (US) • KOH-I-NOOR Mladá Vožice a.s. (Czech Republic) • SALVALCO (US)
The Global aerosol valves market value was at USD 2.8 billion in the year 2020 and it is expected to surpass the market value of over USD 3.4 billion by the year 2027 while registering a CAGR of 2.6% during the forecast period.
The potential benefits of the aerosol valves such as enhanced protection over the product from contamination or moisture or light and the convenient dispensing of contents while efficiently reducing the wastage of content due to over dispensing are considered as the major drivers of aerosol valves market growth.