Bag on Valve Technology Market

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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

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• 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.

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• 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.

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Figure 1. Global Bag on Valve Technology Market,
Revenue Share (), By Region, 2018
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• 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. 

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Figure 2. Global Bag on Valve Technology Market
Opportunity Analysis
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• 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.

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Figure 3. Global Bag on Valve Technology Market,
Revenue Share (), By Application, in 2018
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• 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

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