The bag on valve technology (BOV) is used in various applications such as personal care & cosmetics, pharmaceutical, automotive & industrial, and home care. The BOV technology is considered to be rapidly growing in packaging different products. The BOV technology is widely used in food & beverages, cosmetics, and pharmaceutical industries, due to the longer shelf life and no added preservatives. Moreover, the food & beverages industry adopting BOV technology for the packaging of oils, sauces, and other liquid products.
Market Dynamics
The global bag on valve technology market has witnessed significant growth in recent, past years, owing to the increasing adoption of bag on valve technology in various industries such as cosmetic & personal care, home care, food & beverages. Based on product type, the global bag on valve technology market is segmented as aerosol BOV, standard BOV, and non-spray/low pressure BOV products. Among these segments, the aerosol BOV product dominated standard and non-spray/low pressure BOV products globally in 2022, owing to the advantages of aerosol BOV such as longer shelf life and keeping fragrance stable for longer periods. This factor is estimated to foster market growth during the forecast timeframe.
Based on container type, the global bag on valve technology market is divided into aluminum, tin plate, steel, and plastic containers. Among these segments, aluminum containers dominated the global bag on valve technology market in 2022, owing to the increasing adoption of aluminum container packaging in the various end use industries such as personal care, pharmaceutical, and home care. Moreover, aluminum has a high recycling rate and it reduces energy consumption. This factor is expected to boost the market growth of the global bag on valve technology market during the forecast period.
Furthermore, Europe dominated the global bag on valve technology market in 2022, owing to the rising awareness of product usage patterns, and contamination-free packaging in this region. As a result, this scenario is estimated to foster the growth of the global bag on valve technology market during the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global bag on valve technology market, market size (US$ Million and Million Units), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023–2030).
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, bag on valve technology products, regional outlook, and competitive strategy adopted by the leading players.
- Key companies covered as a part of this study include Coster Technologies 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.
- It profiles leading players in the global bag on valve technology market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launches, market expansion, and marketing tactics.
- The global bag on valve technology market report caters to various stakeholders in this industry, including investors, product developers, distributors, bag on valve technology products companies, research institutes, new entrants, and financial analysts.
- Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the global bag on valve technology market.
Detailed Segmentation:
- Global Bag on Valve Technology Market, By Product Type:
- Aerosol BOV
- Standard BOV
- Non-spray/ Low Pressure BOV
- Global Bag on Valve Technology Market, By Container:
- Aluminum
- Tin Plate
- Steel
- Plastic
- Global Bag on Valve Technology Market, By Application:
- Cosmetics & personal Care
- Pharmaceutical
- Home Care
- Food & Beverages
- Automotive & Industrial
- Global Bag on Valve Technology Market, By Valve Type:
- Global Bag on Valve Technology Market, By Capacity Type:
- Below 30ml
- 30ml-100ml
- 100ml-275ml
- 275ml-500ml
- Above 500ml
- Global Bag on Valve Technology Market, By Geography:
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Nordic
- Benelux
- Russia
- Poland
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- Company Profiles
- Coster Tecnologie Speciali S.p.A.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- AptarGroup, Inc.
- LINDAL Group Holding GmbH
- Precision Valve Corporation
- ICON KOH-I-NOOR Mlada Vozice a.s, Exal Corporation
- TOYO & DEUTSCHE AEROSOL GMBH
- Summit Packaging System, Inc.
- Chicago Aerosol LLC
- Shanghai Golden Aerosol Co., Ltd.
“*” marked represents similar segmentation in other categories in the respective section