The aerosol valves market is growing rapidly in accordance with the growth of the packaging market, globally. Factors such as portability, recyclability, and user friendly packaging systems, which are found suitable mainly for personal care products, have largely contributed to the growth of the aerosol valves market. This market is classified on the basis of type, end-use sector, and region. It has experienced continuous progress with regard to technological advancements and innovations in the packaging industry. According to MarketsandMarkets, the global market for aerosol valves is projected to reach USD 3.30 Billion by 2022, at a CAGR of 4.03%.
The growth of aerosol valves was largely influenced by expansion & investments in the last five years. The year 2017 experienced a large number of expansions by top players in the market. Partnerships also formed an essential part of their strategies, which led to their growth in the emerging markets. The key players include companies such as Aptar Group (US), Precision Valve Corporation (US), Coster Tecnologie Speciali (Italy), and LINDAL Group Holding (Germany). Other players including Mitani valve (Japan), Summit Packaging Systems (UK), Clayton Corp (US), Newman Green (US), KOH-I-NOOR Mladá Vožice a.s (Czech Republic), and SALVALCO (US).
Aptar Group (US) held the leading position in the global aerosol valves market in 2017. The company has maintained its leadership position through its strong distribution network across
Asia Pacific, Europe, the Americas, and emerging markets. Aptar Group is among the leading manufacturers of aerosol valves for many of the markets it serves. In July 2017, Aptar Group (US) expanded its business at Drinktec (Germany) by establishing its new product line of one of its business segment, Food + Beverage. Aptar Food + Beverage is dedicated toward developing advanced delivery systems that are designed to provide value to the food & beverage packaging industries. This helped the company enhance its production capacity to cater to consumers’ demand.
Precision Valve Corporation (US) is engaged in innovation, creative design, and manufacturing of dispensing solution. It manufactures and delivers a broad range of dispensing solutions including actuators, buttons, domes, spouts, and aerosol valves. Precision Valve Corporation (US) adopted partnerships to gain a competitive advantage in the market. In May 2015, an affiliate of Peak Rock Capital (Austin), a Texas-based private equity firm, signed a partnership with The Precision Valve Corporation, with the aim to expand its product portfolio and enhance its geographical reach.
Aerosol Valves Market by Type (Metered, and Continuous), End-use sector (Personal care, home care, Healthcare, Automotive), And Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Global Forecast to 2022
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