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Bag on Valve Technology Market

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Title: Bag on Valve Technology Market


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
BAG ON VALVE TECHNOLOGY MARKET ANALYSIS
  • Bag on Valve Technology Market, By Product Type
    (Aerosol BOV, Standard BOV, Non-spray/ Low
    Pressure BOV), By Container (Aluminum, Tin,
    Plate, Steel, Plastic), By Application (Cosmetics
    personal Care, Pharmaceutical, Home Care, Food
    Beverages, Automotive Industrial), By Valve
    Type (Male Valve, Female Valve), By Capacity Type
    (Below 30ml, 30ml-100ml, 100ml-275ml,
    275ml-500ml, Above 500ml), and By Region (North
    America, Latin America, Europe, Asia Pacific,
    Middle East and Africa) - Size, Share, Outlook,
    and Opportunity Analysis, 2019 - 2027

3
  • 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 offer superior dispensing
    technology. Aerosol BOV, standard BOV, and
    non-spray/low-pressure BOV are some of the
    product types of the bag on valve technology.
    This modern packaging solution prevents
    contamination of the product as it has space
    between can and bag, the bag is filled by
    propellant. Cosmetics personal care,
    pharmaceuticals, home care, food beverages, 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.
  • The global bag on valve technology market is
    projected to reach around US 503.2 million by
    the end of 2027, in terms of revenue, growing at
    CAGR of 2.9 during the forecast period
    (2019-2027).
  • Drivers
  • Growing awareness regarding environment-friendly
    packaging solutions is fueling the growth of bags
    on the valve technology market. BOV packaging
    uses aluminum as raw material which can be
    recycled easily with no harmful chemicals left on
    landfills. Moreover, BOV technology also reduces
    the amount of volatile organic compounds (VOCs),
    unlike traditional aerosols. Hence, rising
    awareness regarding the environment-friendly
    packaging solution is expected to propel the
    market growth of BOV.

4
  • Market Restraints
  • High cost associated with the BOV technology is
    expected to hinder the market growth of BOV. It
    not only protects the product from contamination
    but also offers an attractive look compared to
    other forms of packaging. Moreover, the need for
    additional pressurized gas and propellant with
    packaging products increases the overall cost of
    packaging. Therefore, the high cost of the BOV
    technology is projected to hinder the BOV
    technology market.
  • Lack of awareness regarding the advantage of BOV
    among consumers coupled with the lower
    affordability is expected to restrict the market
    growth of BOV over the forecast timeframe.
    Moreover, the availability of cheaper substitutes
    is another major factor that is estimated to
    hinder the market growth of BOV over the forecast
    timeframe.

5
Figure 1. Global Bag on Valve Technology Market,
Revenue Share (), By Region, 2018
6
  • Market Opportunities
  • Rising application of bag-on-valve packaging from
    the food beverage industry as it is suitable
    for packaging food products since it maintains
    the freshness and purity of the product are
    expected to foster the market growth of
    bag-on-valve technology. This technology ensures
    integrity and helps to keep the food product
    fresh for a longer time. Moreover, bag-on-valve
    also provides precise and efficient usage of the
    food product.
  • The growing popularity of non-spray BOV products
    that offer high efficiency with fewer
    contamination effects is expected to offer
    lucrative growth opportunity to the market of
    BOV. The content present in not spray system
    dispenses in a pouring manner and is ideal for
    products such as cooking oils, coffee
    concentrates, flavorings, and wound washes.
    Hence, non-spray BOV product is gaining huge
    traction in the market and this is expected to
    foster the market growth of BOV technology. 

7
Figure 2. Global Bag on Valve Technology Market
Opportunity Analysis
8
  • Market Trends/Key Takeaways
  • The growing focus of the manufacturer to enhance
    the production capacity of aerosol packaging to
    cater to rising demand is expected to boost the
    market growth of bag-on-valve technology. For
    instance, in July 2019, US aerosol packaging
    company Tri-Pac has opened its new facility in
    Indiana. The new US8 million, 65,000 square foot
    facility is set over 10 acres in the city of
    South Bend. The contract filling and packaging
    company, specializing in over-the-counter and
    specialty aerosols and liquids.
  • Increasing usage of aerosol packaging solutions
    home care products such as cleaners and
    disinfectants is expected to augment the market
    growth of bag-on-valve technology over the
    forecast period. Improving standard of living
    coupled with the increasing disposable income of
    the people is further anticipated to foster the
    market growth of bag-on-valve technology.

9
Figure 3. Global Bag on Valve Technology Market,
Revenue Share (), By Application, in 2018
10
  • Competitive Section
  • Key players operating in global bag on valve
    technology market Coster Tecnologie Speciali
    S.p.A., AptarGroup, Inc., LINDAL Group Holding
    GmbH, Precision Valve Corporation, KOH-I-NOOR
    Mlada Vozice a.s, Exal Corporation, TOYO
    DEUTSCHE AEROSOL GMBH, Summit Packaging System,
    Inc., Chicago Aerosol LLC, and Shanghai Golden
    Aerosol Co., Ltd.
  • Few Recent Developments
  • TOYO DEUTSCHE AEROSOL GMBH
  • In 2015, Toyo Deutsche Aerosol GmbH launched
    THE DUAL, a new and convenient luxury packaging
    for the cosmetics industry. It combines two
    pouches on one valve. Both the product can be
    released with one push

11
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  • Reference https//https//www.coherentmarketinsig
    hts.com/market-insight/bag-on-valve-technology-mar
    ket-3526

12
About Us
  • Coherent Market Insights is a global market
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13
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14
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