22-Jan-2021 | Zion Market Research
According to Zion Market Research, the global bag-on-valve technology market is likely to grow at a steady rate of 4.6% CAGR during the forecasted period 2019–2025. The global market for bag-on-valve technology is driven by the rising consciousness about its cost-effectiveness among manufacturers and customers. The consumers are showing a robust preference toward bag-on-valve technology as a packaging solution since it reduces product wastage, thus ensuring absolute value for money.
Consequently, this technology is being utilized for many high-end products. Yet another evident benefit working in the favor of the global market is negligible to zero amount of infectivity. This technology segregates the product and the propellant owing to its airless bags & packaging methods.
Some of the key players in the global market are AptarGroup, Inc.; Coster Technologies Speciali S.p.A.; Precision Valve Corporation; LINDAL Group Holding GmbH; Summit Packaging System, Inc.; KOH-I-NOOR Mlada Vozice a.s; Chicago Aerosol LLC; Exal Corporation; Shanghai Golden Aerosol Co., Ltd.; and TOYO & DEUTSCHE AEROSOL GMBH.
Easy Accessibility Of Traditional Packaging Materials To Spur The Global Bag-On-Valve Technology Market
The bag-on-valve technology uses nitrogen or compressed air as a propellant, which decreases carbon footprint to a large extent. In addition, the technology prevents contact between the product and oxygen, which maintains the fragrances & colors stable for a longer duration. The product is improved and it is, therefore, profitable for a longer time. Consequently, the bag-on-valve technology is recognized as the “value for money” packaging solution amongst customers and manufacturers, which is anticipated to boost globally over the forecasted period. The easy accessibility of these conventional packaging materials and their familiar & convenient usage persists to make them an ideal choice among many industries. The global bag-on-valve technology market is impacted by the high cost involved during its production.
The global bag-on-valve technology market is bifurcated on the basis of product, valve, container, capacity, application, and regional analysis. Based on the product, the market is divided into standard B.O.V, aerosol B.O.V, and non-spray or low-pressure B.O.V. bone grafts. Based on the valve, the market is divided into female valve and male valve. Based on the container, the market is divided into tin plate, aluminum, plastic, and steel. Based on the capacity, the market is divided into below 30 ml, 30–100 ml, 100–275 ml, 275–500 ml, and above 500 ml. Based on the application, the market is divided into pharmaceuticals, cosmetics & personal care, food & beverages, home care, and automotive & industrial products.
Development Across Asia Pacific Region Expected To Dominate The Global Bag-On-Valve Technology Market
Based on geographical analysis, the global bag-on-valve technology market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region is anticipated to be the fastest-developing region over the forecasted period. The emergence of Asia Pacific’s market is attributable owing to China’s development as a manufacturing center. Therefore, China is predicted to influence the bag-on-valve technology market and will be the major consumer as well as the key producer of bag-on-valve technology in the future.
Browse the full “Bag-On-Valve Technology Market - By Product (Standard B.O.V, Aerosol B.O.V, And Non-Spray Or Low-Pressure B.O.V. Bone Grafts), By Valve (Female Valve And Male Valve), By Container (Tin Plate, Aluminum, Plastic, And Steel), By Capacity (Below 30 Ml, 30–100 Ml, 100–275 Ml, 275–500 Ml, And Above 500 Ml), By Application (Pharmaceuticals, Cosmetics & Personal Care, Food & Beverages, Home Care, And Automotive & Industrial Products), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/bag-on-valve-technology-market
The global bag-on-valve technology market is segmented as follows:
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