BAG ON VALVE TECHNOLOGY MARKET ANALYSIS

Market Challenges And Opportunities

Global Bag On Valve Technology Market - Growth Drivers

• Growing awareness regarding environment-friendly packaging solutions

Growing awareness regarding environment-friendly packaging solutions is fueling the growth of global bags on the valve technology market. BOV packaging uses aluminum as raw material which can be recycled easily with no harmful chemicals left in 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.

• Rising demand for contamination-free controlled dosing systems from the pharmaceutical industry

Rising demand for contamination-free controlled dosing systems from the pharmaceutical industry is anticipated to offer potential growth opportunities to the market of BOV in the years to come. The pharmaceutical industry is adopting advanced packaging technology such as BOV technology to offer 100% safe and clean products. BOV technology not only protects the product from contamination but also offers a controlled dosing system. Hence, the growing demand for BOV from the pharmaceutical industry is expected to foster market growth.

Global Bag On Valve Technology Market - Restraints

• High cost associated with the BOV technology

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. Furthermore increasing demand for BOV technology is expected to witness significant market growth during forecast period.

• Lack of awareness regarding the advantage of BOV

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. Furthermore, increasing demand for environment-friendly packaging solutions is expected to witness significant market growth during forecast period.

Market Opportunities

• Rising application of bag on valve packaging from the food & beverage industry

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 food products.

• The growing popularity of non-spray BOV products

The growing popularity of non-spray BOV products that offer high efficiency with fewer contamination effects is expected to offer lucrative growth opportunities 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.