Bag-on-valve Technology Market
he global bag-on-valve
technology market is anticipated to witness intense
competition due to the presence of several players in the market. Transparency
Market Reseach profiled LINDAL Group Holding GmbH, Coster Tecnologie Speciali
S.p.A., Precision Valve Corporation, AptarGroup, Inc., Summit Packaging System,
Inc., KOH-I-NOOR Mlada Vozice a.s, Exal Corporation, Shanghai Golden Aerosol
Co., Ltd, and Chicago Aerosol LLC as some of the top players in the market.
Manufacturers in the bag on valve technology market have
started focusing on eco-friendly bag-on-valve that is suitable for different
forms such as liquid, cream, foam, and gel. Along with this, players are
adopting advanced and sustainable packaging technique to comply with various
standards set by regulatory bodies.
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According to TMR, the global bag-on-valve technology market
is expected to rise at a steady 4.4% CAGR during the forecast period 2017-2024.
Rising at this CAGR, the global bag on valve technology market is expected to
touch a valuation US$ 500.1 at the end of the forecast period.
Easy Availability of Cheaper Substitute to Impede Growth
The global bag on valve technology is likely to rise at a
significant pace in the coming few years. This is mainly due to the increasing
inclination of consumers towards zero wastage thus offering a cost effective
solution to consumers. In addition to this, the bag on valve technology also
offer better product safety than other packing technologies. This is a
prominent factor expected to drive global bag on valve technology market in the
coming few years.
The increasing demand for end users Company such as
Cosmetics & Personal Care, Pharmaceuticals, Home Care, Food & Beverages
and Automotive & Industrial Products is prominent factor propelling the
growth of the bag on valve technology
On the flipside, the growth in the bag on valve technology
is likely to hamper owing to several factors such as increased end product
price, limited consumer awareness and lower affordability in developing region.
Along with this, easy availability of substitute to the bag on valve packaging
materials and convenient and familiar usage for consumer is making them a
preferred choice amongst several industries
The global bag on valve technology market has been
segmented as presented below:
Product
- Aerosol
B.O.V
- Standard
B.O.V
- Non-spray
/ Low-pressure B.O.V.Bone Grafts
Valve
- Male
Valve
- Female
Valve
Container
- Aluminium
- Tin
Plate
- Steel
- Plastic
Capacity
- Below
30ml,
- 30ml-100ml,
- 100ml-275ml,
- 275ml-500ml,
- Above
500ml
Application
- Cosmetics
& Personal Care
- Pharmaceuticals
- Home
Care
- Food
& Beverages
- Automotive
& Industrial Products
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