Global Bag-on-valve Technology Market is anticipated to reach US$ XX Bn by 2026 from US$ XX Bn in 2020 at a CAGR of XX% during the forecast period.
The bag on valve technology (BOV) is an advanced packaging solution that provides a controlled dosing option. Bag on valve technology composed of aerosol valve and offers superior dispensing technology. This modern packaging solution prevents contamination of the product as it has space between can and bag; the bag is filled by propellant, food & beverages, Cosmetics & personal care, pharmaceuticals, home care and automotive & industrial are some of the major application areas of the bag on valve technology. Aluminum, tin plate, steel, and plastic are a major product that utilizes bag on valve technology. It helps minimize the complexity of the formula, thereby reducing the impact on the environment and upholds safety standards.
The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived. The research report thus serves as an analysis and information for all aspects of the market, including, regional markets, technologies, by containers
Global Bag-on-valve Technology Market Dynamics
The benefit of bag on valve technologies such as minimal or zero contamination is a prominent factor expected to fuel growth in the bag on valve technology market. This is mainly because the technology separates product and propellant due to its airless bags and packaging methods. Substantial rise in number of personal care and cosmetic products like lotions, self-tanning sprays, deodorants, creams, and several products for personal hygiene is a positive sign for the growth of the bag-on-valve technology. Apart from this, rapid growth in urbanization and industrialization in developing region is a strong factor expected to boost the bag on valve technology market.
Rising demand for contamination-free controlled dosing system from the pharmaceutical industry is anticipated to offer potential growth opportunities to the market of BOV in the next few years. The pharmaceutical industry is adopting advanced packaging technology such as BOV technology in order to offer 100% safe and clean products. BOV technology protects the product from contamination as well as offers a controlled dosing system.
On the other hand, high cost associated with the BOV technology and availability of cheaper substitutes is another major factor that is estimated to hinder the market growth of BOV over the forecast period, expected to hamper the market growth of BOV.
Global Bag-on-valve Technology Market Segment Analysis:
Global Bag-on-valve Technology Market, by Product
- Aerosol B.O.V
- Standard B.O.V
- Non-spray / Low-pressure B.O.V.Bone Grafts
Global Bag-on-valve Technology Market
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On the basis of Product, the Aerosol B.O.V. product is expected to be largest market share of XX % over a forecast period Aerosol B.O.V. product is expected to be largely preferred product throughout the forecast period. By the end of 2026, aerosol B.O.V. is estimated to surpass US$ 300 Million in terms of revenue. Increasing number of pharmaceutical companies are producing spray products using aerosol B.O.V. The bag-on-valve includes rolled-up multi-layered pouch attached to the aerosol valve.
Also, aerosol B.O.V. functions equally at all the angles and also adds convenience to the formulation by eliminating the need for preservatives. Qualities such as easy to hold, lightweight, unbreakable are driving the demand for aerosol B.O.V. Manufacturers are developing aerosol cans using aluminum on a large scale, due to its recyclable nature and low cost.
Global Bag-on-valve Technology Market, by Application
Global Bag-on-valve Technology Market1
On the basis of application type, in 2018, cosmetics & personal care application has accounted the largest market share of 45% in terms of value, followed by pharmaceutical and automotive & industrial respectively. Due to increasing number of cosmetic and personal care products including deodorants, lotions, creams, self-tanning sprays, and products for personal hygiene are using bag-on-valve technology. It eliminates the contact between propellant and product, it makes possible to dispense product in all positions.
Manufacturers are also providing a sterilized bag-on-valve system to provide a sterile environment for cosmetic products, ensuring the safety of the product. Companies are also working on coming up with new methods of filling up the product in B.O.V. The bag-on-valve technology which was first originated in the cosmetic industry is moving towards the pharmaceutical industry.
Global Bag-on-valve Technology Market, by Region
Global Bag-on-valve Technology Market2
Asia Pacific is expected to account for the largest market share of xx % during the forecast period.
Asia Pacific is expected to account for the largest market share of xx% during the forecast period. Thus, China is anticipated to influence the bag on valve technology market. This country is projected to be the largest consumer as well as the key manufacturer of bag on valve technology in the coming years. Asia Pacific is expected to be the fastest-growing region during the forecast period. The region is expanding in the global bag on value technology market due to increasing awareness about the importance of usage patterns along with the environment and contamination-free packaging.
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Global Bag-on-valve Technology Market3
KEY PLAYERS-
- KOH-I-NOOR Mlada Vozice a.s,
- Coster Tecnologie Speciali S.p.A.,
- Summit Packaging System,
- Incorporation,
- Shanghai Golden Aerosol Company, Limited
- Chicago Aerosol LLC,
- AptarGroup, Incorporation,
- Precision Valve Corporation,
- LINDAL Group Holding GmbH,
- Exal Corporation.
- Colep
- Solmatic - Solmatic Group Sp. z o.o. Sp. K.
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