Metal aerosol cans global market trajectory
According to a report by Research and Markets, amid the Covid-19 crisis, the global market for metal aerosol cans estimated at US$3.2 billion in the year 2020, is projected to reach a revised size of US$4.1 billion by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027.
Personal Care, one of the segments, is projected to record a 3.3% CAGR and reach US$2.2 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the household segment is readjusted to a revised 3.4% CAGR for the next seven-year period.
The metal aerosol cans market in the US is estimated at US$870.4 million in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$798.3 million by the year 2027 trailing a CAGR of 5.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
To access the full report, visit: Metal Aerosol Cans – Global Market Trajectory & Analytics.