18 September 2018: Aerosol caps are used in the packaging of aerosol products as they offer advantages such as leakage prevention, resource efficiency, and recyclability. They are widely used in a number of end-use industries including personal care, household, automotive and industrial, foods, paints, medical, and several others.
Personal Care Segment to Generate Maximum Demand
Personal Care Segment to Generate Maximum Demand
In 2016, automotive and industrial application segments accounted for over 23.5% of the total volume share. These caps are used in products such as cleaner, bug and tar remover, degreaser aerosol sprays, and others. Increasing demand in lubricating, detailing, and spray paint applications will drive the segment further. Food and paints segment also accounted for a significant market share in the past due to high adoption of aerosol technology in the manufacturing of mayonnaise, olive oil, cheese cans and other products.
Personal care segment is expected to witness a rapid growth on account of rising demand for products such as perfumes, shampoos, body lotions, and so on. Extensive use of aerosol propellants in styling mousses, deodorants, hair sprays can have a positive impact on the segment growth. Household application segment is projected to expand due to rising usage of the aerosol technology in the manufacturing of insecticide, air freshener, and bathroom cleaner caps.
Market Overview
According to Grand View Research, Inc., the global aerosol caps market is predicted to value USD 440.5 million by 2025. Rising demand for the product in packaging industries would drive the market over the forecast period (from 2018 to 2025). Technological advancements in plastics and development of new polymer can also have a positive impact on the market expansion. Key companies in the market include Lindal Group Holding GmbH; Cobra Plastics, Inc.; Rackow Polymers Corporation and Plasticap.
Most of these companies are focusing on product advancement in order to gain the maximum market share. For instance, in 2017, Lindal Group Holding GmbH, an aerosol packaging provider, introduced a new cap called FlipClassic. It is an insert-less actuator with combined cap that can be used as a substitute for twist-lock actuators. It can be utilized in products, such as tube-based personal care products like shampoos.
In-Depth Research Report On Aerosol Caps Market:
https://www.grandviewresearch.com/industry-analysis/aerosol-caps-market
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