CATEGORY
Valves and Actuators in Cans
The global valve & actuator market is expected to grow at 3–4 percent CAGR during 2023E–2027F, to reach approx. $1.6 billion, driven by rising consumption of personal and home care products
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Valves and Actuators in Cans Global Market Outlook
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The global valve & actuator market is expected to grow at 3–4 percent CAGR during 2023E–2027F, to reach approx. $1.6 billion, driven by rising consumption of personal and home care products
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The demand for valves and actuators is likely to grow, owing to the high level of adoption in deodorant cans. It is also anticipated that the rising usage of dose cans in personal care products would fuel demand
Global Market Size: Valves & Actuators
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Increasing complexities of the aerosol product formulations, need for improved aesthetics, product differentiation, tightening regulatory scenario has led to suppliers developing innovative and technologically advanced dispensing systems for their buyers.
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The market is driven by the growing demand for aerosol products especially in deodorants and air care end use segments, with a growth of about 4-5% and 3-4% CAGR 2023E-2027F respectively
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Consumer preference for increased aesthetics, product efficiency, product complexity, etc., has led to the development of complex aerosol valves and actuators such as 360° spray, actuator design (squaround), slidable switches, etc.,.
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The value growth is also due to the consumer preferences for increased aesthetics, product efficiency, product complexity, etc., which in-turn has led to the use of technologically advanced and specialized aerosol actuators and valves
Industry Drivers and Constraints : Valves and Actuators in Cans
Drivers
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Increasing Demand for Emerging Markets for Aerosol Products is expected to drive the demand at a CAGR of 4.9% and reach USD 14.56 Billion in 2030
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Demand from End use product segments in personal care products
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APAC and LATAM are expected to drive the demand for aerosol valves and actuators at a CAGR of 5-6% and 4-5%, respectively, between 2023E–2027F
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Deodorants, insecticides (home), and air care products are the key end-use segments, which constitute ~70% of the market for valves and actuators given that these products are expected to grow over the next five years, the demand for aerosol product could also increase accordingly
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High demand for insecticides could increase the demand for standard actuators and valves, especially in the growing economies of APAC and LATAM
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Growing demand is mainly because of the increased requirement in manufacturing and automotive industries.
Constraints
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Competition from Bag-on-Valve and airless dispensing systems
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Regulatory restrictions against aerosol packaging
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Low level of product innovations
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Low or stagnant growth in large developed markets for key end use product segments for aerosol cans such as Western Europe
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