Bag-On-Valve Technology Market Size, Share, Trends, Growth and Forecast 2032

Industry Perspective: Bag-On-Valve Technology Market

The global Bag-On-Valve Technology Market size worth at USD 498.2 Million in 2023 and projected to USD 750.14 Million by 2032, with a CAGR of around 4.2% between 2024-2032. The report offers valuation and analysis of the Bag-On-Valve Technology market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2018 to 2023 along with a forecast from 2024 to 2032 based on value (USD Billion).

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Bag-On-Valve Technology Market: Overview

The bag on valve technology is an advanced packaging service providing a controlled dose alternative. In addition to this, bag-on-valve technology is comprised of aerosol valves and provides superior dispensing techniques. The bag of valve technology finds a slew of applications in packaging home care items, personal care items, and pharmaceutical products.

Moreover, this packaging technique is used in pharmaceuticals, food & beverages, and cosmetics as it requires a lesser proportion of preservatives and possesses elongated shelf life. Furthermore, many food processing firms are making use of bag-on-valve methods for packing sauces and oils as well as other cream items. The bag-on-valve technique of packaging food products offers user convenience, easy storage capacity, and user-friendly packaging.

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Bag-On-Valve Technology Market: Report Scope

Bag-On-Valve Technology Market Growth Drivers

The expansion of the bag on valve technology market over the assessment timeframe is due to the massive use of the technology in the food & beverages and cosmetics industry. The recyclable nature of the packaging technology will further boost the industry trends. Nevertheless, easy access to traditional packaging forms will impede the market growth over the projected timeframe. A prominent increase in the use of personal care as well as cosmetic items such as lotions, creams, deodorants, and self-tanning sprays will boost the expansion of the bag on valve technology industry over the forecast timeline.

Escalating the need for contamination-free controlled dosing tools in the pharmaceutical sector is anticipated to create new growth opportunities for bag on valve technology industry over the forecast timeframe. Bag on valve technology is used for packing myriad personal hygiene items and this will pave a way for the expansion of the bag on valve technology market over the assessment timeline. Nonetheless, huge costs incurred for installing Bag on valve technology are likely to impede business growth in the foreseeable future.

Bag-on-valve Technology Market Segment Analysis:

On the basis of Product, the Aerosol B.O.V. product is expected to be largest market share of xx % over a forecast period Aerosol B.O.V. product is expected to be largely preferred product throughout the forecast period. By the end of 2032, aerosol B.O.V. is estimated to surpass US$ 300 Million in terms of revenue. Increasing number of pharmaceutical companies are producing spray products using aerosol B.O.V. The bag-on-valve includes rolled-up multi-layered pouch attached to the aerosol valve.

Also, aerosol B.O.V. functions equally at all the angles and also adds convenience to the formulation by eliminating the need for preservatives. Qualities such as easy to hold, lightweight, unbreakable are driving the demand for aerosol B.O.V. Manufacturers are developing aerosol cans using aluminum on a large scale, due to its recyclable nature and low cost.

On the basis of application type, in 2023, cosmetics & personal care application has accounted the largest market share of 45% in terms of value, followed by pharmaceutical and automotive & industrial respectively. Due to increasing number of cosmetic and personal care products including deodorants, lotions, creams, self-tanning sprays, and products for personal hygiene are using bag-on-valve technology. It eliminates the contact between propellant and product, it makes possible to dispense product in all positions.

Manufacturers are also providing a sterilized bag-on-valve system to provide a sterile environment for cosmetic products, ensuring the safety of the product. Companies are also working on coming up with new methods of filling up the product in B.O.V. The bag-on-valve technology which was first originated in the cosmetic industry is moving towards the pharmaceutical industry.

Europe To Retain Dominant Position In Market Over 2024-2032

The swift development of the bag in the valve technology industry in the continent of Europe is credited to the massive demand for cosmetic products in European countries. In addition to this, product innovation in the pharmaceutical industry and the growing use of new packaging techniques will prompt the use of bag-on-valve technology. This, in turn, will promote the market trends in the region.  Furthermore, the presence of giant industry participants in the continent will proliferate the market surge over the assessment timeline.

Key Market Players & Competitive Landscape:

Key players in the business include-

• 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.

The global bag-on-valve technology market is segmented as follows:

By product:

• Standard B.O.V
• Aerosol B.O.V
• Non-spray / Low-pressure B.O.V.Bone Grafts

By valve:

• Male Valve
• Female Valve

By container:

• Tin Plate
• Steel
• Aluminum
• Plastic

By capacity:

• Below 30 ml
• 30–100 ml
• 100–275 ml
• 275–500 ml
• Above 500 ml

By application:

• Home Care
• Cosmetics & Personal Care
• Pharmaceuticals
• Food & Beverages
• Automotive & Industrial Products

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa