Bag-on-Valve Technology market is projected to grow at a CAGR of 9.39% during the forecast period, to reach a market size of US$17.189 billion in 2025 from US$10.033 billion in 2019. Bag-on-Valve Technology is a modern packaging technology developed to improve the spraying technology. It can spray evenly at all angles and has up to 99% product emptying capacity. It is convenient and user friendly and used in medical, cosmetics, and food products. Bag-on-Valve consists of an aerosol valve with a welded bag. The product is kept inside the bag while the propellant is filled in the space between bag and can. The product is dispensed by the propellant simply squeezing the bag when the spray button is pressed; the product is squeezed out of the bag by the compressed air/nitrogen, which creates the dispensing as a spray, cream, or gel. This technology minimizes product wastage, is cost effectives, and reduces carbon footprints. It increases the shelf life of product with less or no preservatives.
By Packaging Size
Bag-on-Valve Technology market is segmented by packaging type as 30 ml to 99 ml, 100 ml to 250 ml, and more than 250 ml.
By End-User Industry
By end-user industry, bag-on-valve technology market is segmented as food and beverage, pharmaceutical, cosmetics and personal care, and others. Bag-on-Valve is used cosmetics products like hair and shaves gel, shampoo, conditioners Liquid soap, hand and body creams and lotions. Sun creams and sprays, tanning creams, body oils, doe’s, Depilatory creams, facial scrub gels-lotions, facial mist, and Toothpaste. House hold products where Bag-on-Valve Technology can be used are Window cleaner, oven and ceramic plate cleaner, Shoe sprays, Insecticide sprays, citrus air fresheners, Plant sprays, and furniture polish. Bag-on-Valve Technology is used in Industrial and automotive sector in products like Personal fire extinguishers, automotive air conditioners, Lubricants, oils, waxes, fats, cleaners, toners, Leak detectors, PU-foam, anti-spatter weld sprays, surface cooling sprays for welding. Food and Beverage use in products like Whipped cream, vegetable pan sprays, mustard, chocolate paste, puddings, toppings, cheeses, concentrated food flavors etc. Advantage of using Bag-on-Valve Technology in food products is that it dispenses pure food and provides protection against oxygen (increasing shelf life). Pharmaceutical and medicine use in Nasal sprays, syrups, vitamin gel, Based on enzymes odor removers, Wound gels and sprays, Dental products, Eye contact lens products, ultrasonic gel.
Regionally, the Bag-on-Valve Technology market is classified into North America, South America, Europe, Middle East, and Africa, and the Asia Pacific The report also analyses major countries across these regions with complete analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers. North America is expected to be dominating market due to increase in consumer product and extensive packaging. Asia Pacific to see fastest growing market due to developing economics, vast consumer base, and technological advancements in the forecast period.
Prominent key market players in the Bag-on-Valve Technology market include AptarGroup Inc., Precision Valve Corporation, Exal Corporation, Toyo & Deutsche Aerosol, and Coster Tecnologie Speciali S.p.A. among others. The global Bag-on-Valve Technology market is moderately competitive with key market players competing by way of continually innovating new applications and technologies. M&A and partnerships are some of the key strategies being implemented by key market players to gain a larger market share.
Some latest developments in the market include: -
In September 2018, Precision Valve Corporation expanded its bag-on-valve system production line capacities with a significant investment in a dedicated BOV production cell at its French facility in Paris with an aim to meet the growing customer demand for this innovative aerosol solution.
In May 2018, Lindal Group invested $20 million in a new facility with an aim to expand its portfolio. This investment includes new injection moulding machines (IMM), Bag on Valve (BOV) and standard valve lines.
The Bag-on-Valve Technology market is segmented by packaging size, end-user industry, and geography.
Frequently Asked Questions (FAQs)