The Global Bag on Valve Market size was worth US$ 5.8 bn in 2017 and is projected to reach US$ 11.5 bn by 2028, growing at a CAGR of 8.2% from 2021 to 2028 globally. The growing demand for these products is attributed to their ability to offer protection against chemical reactions between ingredients inside a container. These products are also used as secondary packaging material in many industries such as the food & beverage industry etc.
Bag on Valve (BOV) is a valve closure system for packaging and filling aerosol products. It features the use of an airtight flexible bag to enclose the product, which prevents any leakage during transportation or storage. This type of package also ensures complete protection against sunlight degradation, oxygen permeation, and other harmful atmospheric conditions.
On the basis of Type, the market is segmented into Aerosol BOVs, Standard BOVs, and Non-Spray/Low-Pressure BOV. The Aerosol BOV segment was dominant with more than one-third share of total volume consumed due to high-frequency use applications like cleaning agents. Non-Spray/Low-Pressure BOV held major shares driven to share in other application segments like pharmaceuticals, cosmetics & personal care.
Aerosol BOVs are a type of bag-on-valve (BOV) that uses and contains volatile chemical products. They have some disadvantages, like difficulty in deactivating the valve function when needed for long periods of time or leaving residues on materials near the product release point.
These valves are used primarily in cosmetic applications such as hair sprays, fragrances, mouthwashes, and disinfectants; aerosols containing nonvolatile substances such as cooking oils require specialized equipment not available for this application.
Standard BOVs are a type of break-out valve that is widely used for the introduction and discharge of toxic, corrosive, or reactive gases (or liquids). Standard BOVs differ from aerosol valves because they generally do not have an integral propellant. For example, Ethyl alcohol provides a safe and effective system to store outdoor power equipment in the winter months.
The Non-Spray/Low-Pressure BOV is also known as the standard bag on valve. They use a flow restrictor to reduce air pressure in a container, and this reduces the amount of spray when dispensing product from an aerosol can. The Low Pressure (LP) Bags have been around for decades now, but they’ve just recently become popular because people want less mess with their beauty products.
This type of Bag On Valve is used primarily by cosmetics manufacturers who don't need high volumes or require precise spraying power levels; however, some companies do choose these bags for pharmaceuticals where the more accurate dosage is needed and ingredients may be sensitive to shaking during handling which occurs more often with Standard Bags.
On the basis of Application, the market is segmented into Cosmetics & Personal Care, Pharmaceuticals, Home Care, and Others. The market for the Cosmetic & Personal care segment is expected to grow significantly from 2021 to 2028 owing to rising demand in this sector.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The great market potential for the bag on valve industry over the next decade in North America and Latin American, where pharmaceuticals are one of the major applications while Asia-Pacific markets are expected to grow at a rapid pace owing to their developing economies with higher disposable incomes and consumer awareness about hygiene products. Emerging economies such as China, India, and Brazil offer great opportunities for growth as these countries have low penetration rates in this category. These segments will fuel demand throughout the forecast period from 2018–2028; however, mature regions such as Europe show signs of saturation due to high competition between players that may lead them towards profitability issues when prices fall.
The demand for this type of packaging can be attributed to the convenience it offers as well as its lightweight nature, which makes them easy to transport and store. Moreover, they are also more cost-effective than other types of packages such as tubes or bottles because there is lower wastage in terms of product usage due to leakage/spillage prevention by these bags. Furthermore, increasing awareness about sustainable practices has led companies towards using reusable containers that will require fewer production cycles when compared with conventional ones. Hence many brands have started investing in BOV technology owing to various advantages associated with it such as reduced energy consumption and increased sustainability.
Up Market Research published a new report titled “Bag on Valve Market research report which is segmented by Types (Aerosol BOV, Standard BOV, Non-Spray/Low Pressure BOV), By Applications (Cosmetics & Personal Care, Pharmaceuticals, Home Care, Others), By Players/Companies Coster, AptarGroup, LINDAL Group Holding, Precision Valve Corporation, KOH-I-NOOR Mlada Vozice, Summit Packaging System, Exal Corporation, Chicago Aerosol, TOYO & DEUTSCHE AEROSOL, Shanghai Golden Aerosol”.
|Report Attributes||Report Details|
|Report Title||Bag on Valve Market Research Report|
|By Type||Aerosol BOV, Standard BOV, Non-Spray/Low Pressure BOV|
|By Application||Cosmetics & Personal Care, Pharmaceuticals, Home Care, Others|
|By Companies||Coster, AptarGroup, LINDAL Group Holding, Precision Valve Corporation, KOH-I-NOOR Mlada Vozice, Summit Packaging System, Exal Corporation, Chicago Aerosol, TOYO & DEUTSCHE AEROSOL, Shanghai Golden Aerosol|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||204|
|Number of Tables & Figures||143|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Aerosol BOV, Standard BOV, Non-Spray/Low Pressure BOV and By Application Cosmetics & Personal Care, Pharmaceuticals, Home Care, Others.
Some of the companies that are profiled in this report are:
Bag on Valve Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Bag on Valve Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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