GlobalBag-on-valve Technology Market is anticipated to reach US$ XX Bn by 2026from US$ XX Bn in 2020 at a CAGR of XX% during the forecast period.
The bag on valve technology (BOV) is an advanced packagingsolution that provides a controlled dosing option. Bag on valve technologycomposed of aerosol valve and offers superior dispensing technology. Thismodern packaging solution prevents contamination of the product as it has spacebetween 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 valvetechnology. Aluminum, tin plate, steel, and plastic are a major product thatutilizes bag on valve technology. It helps minimize the complexity of theformula, thereby reducing the impact on the environment and upholds safetystandards.
The study includes a detailed market assessment. It does soby in-depth qualitative perspectives, historical evidence, and market sizeverifiable predictions. Using validated research methodologies and assumptions,the predictions featured in the study have been derived. The research reportthus 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 orzero contamination is a prominent factor expected to fuel growth in the bag onvalve technology market. This is mainly because the technology separatesproduct 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 personalhygiene is a positive sign for the growth of the bag-on-valve technology. Apartfrom this, rapid growth in urbanization and industrialization in developingregion is a strong factor expected to boost the bag on valve technology market.
Rising demand for contamination-free controlled dosingsystem from the pharmaceutical industry is anticipated to offer potentialgrowth opportunities to the market of BOV in the next few years. Thepharmaceutical industry is adopting advanced packaging technology such as BOVtechnology in order to offer 100% safe and clean products. BOV technologyprotects the product from contamination as well as offers a controlled dosingsystem.
On the other hand, high cost associated with the BOVtechnology and availability of cheaper substitutes is another major factor thatis 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 isexpected to be largest market share of XX % over a forecast period AerosolB.O.V. product is expected to be largely preferred product throughout theforecast 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 companiesare producing spray products using aerosol B.O.V. The bag-on-valve includesrolled-up multi-layered pouch attached to the aerosol valve.
Also, aerosol B.O.V. functions equally at all the angles andalso adds convenience to the formulation by eliminating the need forpreservatives. Qualities such as easy to hold, lightweight, unbreakable aredriving the demand for aerosol B.O.V. Manufacturers are developing aerosol cansusing aluminum on a large scale, due to its recyclable nature and low cost.
Global Bag-on-valve Technology Market, by Application
GlobalBag-on-valve Technology Market1
On the basis of application type, in 2018, cosmetics &personal care application has accounted the largest market share of 45% interms of value, followed by pharmaceutical and automotive & industrialrespectively. Due to increasing number of cosmetic and personal care productsincluding deodorants, lotions, creams, self-tanning sprays, and products forpersonal hygiene are using bag-on-valve technology. It eliminates the contactbetween propellant and product, it makes possible to dispense product in allpositions.
Manufacturers are also providing a sterilized bag-on-valvesystem to provide a sterile environment for cosmetic products, ensuring thesafety of the product. Companies are also working on coming up with new methodsof filling up the product in B.O.V. The bag-on-valve technology which was firstoriginated in the cosmetic industry is moving towards the pharmaceuticalindustry.
Global Bag-on-valve Technology Market, by Region
Global Bag-on-valve Technology Market2
Asia Pacific is expected to account for the largest marketshare of xx % during the forecast period.
Asia Pacific is expected to account for the largest marketshare of xx% during the forecast period. Thus, China is anticipated toinfluence the bag on valve technology market. This country is projected to bethe largest consumer as well as the key manufacturer of bag on valve technologyin the coming years. Asia Pacific is expected to be the fastest-growing regionduring the forecast period. The region is expanding in the global bag on valuetechnology market due to increasing awareness about the importance of usagepatterns 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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