North America Aerosol Valve Market
North America Aerosol Valve Market Report Description:
North America Aerosol Valve market report gives comprehensive outlook on aerosol valve across the region with special emphasis on key countries such as U.S and Canada. The report on North America Aerosol Valve market gives historical, current, and future market sizes (US$ Mn) on the basis of valve type, valve functionality, end user and countries. This report studies North America aerosol valve market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, North America aerosol valve market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed North America aerosol valve market to better equip clients with possible investment opportunities across the countries (countries Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the North America aerosol valve market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in North America aerosol valve products.
North America Aerosol Valve Market:
The North America aerosol valve market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Increasing demand from personal care industry & cosmetics industry, consumer awareness towards the use of hygiene products, technological advancements in aerosol valves, increasing disposable incomes of the middle-class households and rising demand for aerosol based pharmaceutical products are some key factors influencing the market growth. In addition, high growth in emerging economies provide huge growth opportunity for the market. However, factors such as fluctuating raw material prices, presence of substitutes and strict government regulations are restricting the market growth.
Growing Consumption of Personal Care and Household Products
As there is an increase in demand for personal care and homecare products owing to growing disposable incomes, product presentation & differentiation, change in consumer lifestyles will increase the demand for the market. Due to ease of handling and occupancy of less space there is an increasing demand for aerosol-based products in the home and personal care sectors which is further increasing the market growth. Products including insect repellants, cleaning agents, etc are some examples of aerosol packaging application in the home care. They are also sold in the form of face & body creams, shaving creams, deodorants, hairsprays, where aerosol valves are widely used. Hence, as there is an increasing consumption of homecare and personal care products thus there is a rise in demand for the market.
Environmental Concerns are hampering the Market
A waste aerosol valve products that are used cannot be returned to the retailer or manufacturer for refund or replacement. The handling of hazardous waste aerosol products can pose risks to workers and the environment. While a small percentage of waste aerosol may not contain hazardous materials, the vast majority consist of contents under pressure which are flammable and may also be toxic. Hence, environmental concerns with the use of aerosols will restrict the market growth.
U.S Accounts for Larger Market Revenue Share in North America Aerosol Valve Market
U.S accounted for larger revenue share in North America aerosol valve market with considerable CAGR. The growth can be attributed to the growing applications of aerosol valves in various industries. Also, awareness regarding product wastage and recycling of containers further enhances the market growth.
Key player’s profiles in the North America aerosol valve market include:
- Aptar Group (US)
- Aroma Industries (India)
- Seung IL Corporation (South Korea)
- Ehrensperger AG. (Switzerland)
- Clayton Corp. (US)
- Coster Tecnologie Speciali (Italy)
- EC Packs Industrial Limited (Hong Kong)
- Guangzhou Zhongpin Aerosol Valves Co., Ltd (China)
- KOH-I-NOOR Mladá Vožice a.s. (Czech Republic)
- LINDAL Group Holding (Germany)
- Majesty Packaging System Limited (China)
- Mitani Valve (Japan)
- Newman Green (US)
- Precision Valve Corporation (US)
- SALVALCO (US)
- Shanghai Sunhome Industrial Company (China)
- Summit Packaging Systems (UK)
- Yingbo Aerosol Valve (Zhongshan) Co., Ltd. (China)
North America aerosol valve market is surging owing to frequent acquisitions and launchings by the market players. For Instance, On June 11, 2018, Precision North America has been awarded ISO 13485 quality certification for manufacturing quality aerosol valves to be used in the pharmaceutical industry.
Key Findings of the Report:
- North America aerosol valve market expanding at significant CAGR over 2019 to 2025 owing to increasing demand for cosmetic & personal care industry.
- Based on valve functionality, continuous segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in North America Aerosol Valve market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
By Valve Type
- Vertical Aerosol Valve
- Tilt Aerosol Valve
By Valve Functionality
By End User
- Personal Care
- Home Care
- Other End Users
- North America