Healthcare Vertical to Stall the Aerosol packaging Market
As per a report published on XploreMR, the aerosol packaging market is all set to capsize between 2020 and 2030.
The last few years have seen the aerosol packaging market grow at an exponential rate. The upcoming period is also expected to see the same market stand in a good stead. The demand for innovative products regarding hair spray and sun care products is growing in North America and Japan. Looking through materials for making aerosol cans, the most preferred one is “tin-plated steel”, mainly due to it being highly efficient and recyclable.
Though the “beauty and skin care” vertical will help in upscaling the market, the pharmaceutical sector would cause stagnation as adverse effects on health have been observed by usage of harmful propellants. For instance – Osteoporosis used to be treated by nasal sprays containing calcitonin drug. Later it was discovered that the drug increased risk of cancer. As such, the drug was withdrawn from the entire market of Canada, though Health Canada Report has put forth the idea of an alternative drug for treating bone disorders.
According to our analysts, North America is estimated to generate the largest revenue in 2017, while APEJ is expected to overtake North America and emerge as the largest regional market in the global aerosol packaging market from the next half of the decade. In a new report titled “Aerosol Packaging Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” our expert team of researchers have observed that the personal care and cosmetics segment dominates the global aerosol packaging market with the largest market share throughout the period of forecast.
According to the analysis of our expert team of researchers working in the packaging domain, the personal care and cosmetics segment presents immense opportunities for vendors in emerging economies, where product pricing is lower as compared to that of developed regions.
Our analysts have tracked the global aerosol packaging market across different geographical regions and on the basis of the various market segments and have provided a critical assessment of the opportunities available to all the companies operating in the global aerosol packaging market for the duration of 10 years. We have studied the market extensively and have identified multiple drivers, restraints, and trends that are expected to influence the global aerosol packaging market.
Aerosol Packaging Market: Cosmetics and Personal Care Application Segment to Hold Maximum Revenue Share Throughout the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027Buy Now
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