Overview and Scope
Bag-on-valve (BOV) products refer to packaging products that use a bag and a valve to dispense a product. It is effective for liquid or viscous materials where the fuel fills the area between the bag and the can as the product is put into the bag. The product is distributed as a spray, cream, or gel due to the compressed air/nitrogen activating.
Sizing and Forecast
The bag on valve products market size has grown strongly in recent years. It will grow from $8.1 billion in 2023 to $8.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to food and beverage industry utilization, enhanced product shelf life, consumer demand for convenience, pharmaceutical and medical industry adoption, cosmetics and personal care industry adoption.
The bag on valve products market size is expected to see strong growth in the next few years. It will grow to $11.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to integration with iot and smart packaging, emerging market penetration, rise in e-commerce and direct-to-consumer channels, demand for clean and sterile applications. Major trends in the forecast period include rise in portable and travel-friendly products, improved barrier properties, focus on recyclability and circular economy, integration of biocompatible materials, focus on user experience and ergonomics.
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Segmentation & Regional Insights
The bag on valve products market covered in this report is segmented –
1) By Product Type: Standard, Aerosol, Low Pressure And Non-Spray
2) By Type: Child Use, General Use
3) By Container Type: Aluminum, Steel, Tin Plate, Plastic
4) By Application: Personal Care, Household Care, Pharmaceutical, Food And Beverage, Automotive And Industrial
Asia-Pacific was the largest region in the bag on valve products market in 2023. The regions covered in the bag on valve products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing demand for personal care products is expected to propel the growth of the bag-on-valve product market going forward. Personal care products refer to a broad range of personal hygiene, grooming, and general well-being products. Bag-on-valve (BOV) technology is utilized in packaging personal care products. BOV packaging offers several advantages for personal care products, including improved product protection, controlled dispensing, and extended shelf life. For instance, in February 2021, according to the reports shared by Loreal Cosmetic World, a France-based company that manufactures cosmetics and skin care products, demand for personal care products increased from 8% in 2021 to 41% in 2022, with $249.66 billion (228 billion euros) in 2021. Further, the global cosmetics market grew from $5.8 billion in 2019 to $7.6 billion in 2022. Therefore, the increase in demand for personal care products is driving the growth of the bag-on-valve product market.
Key Industry Players
Major companies operating in the bag on valve products market report are Amcor PLC, CCL Industries Inc., Aptar Group Inc., Constantia Flexibles, Plastipak Packaging Inc., Tekni-Plex Inc., Everton, Exal Corporation, TUNAP Group, Gualapack S.p.A, Precision Valve Corporation, Summit Packaging Systems Inc., DS Containers Inc., Lindal Group Holding GmbH, Chicago Aerosol LLC., Wipf Doypak A.S, Toyo And Deutsche Aerosol GmbH, B.O.V. Solutions Inc., InSpec Solutions LLC, KOH-I-NOOR Mlada Vozice a.s, Farrag Packaging, Aurena Laboratories AB, Colep Consumer Products, Coster Tecnologie Speciali S.p.A, Shanghai Golden Aerosol Co. Ltd.
The bag on valve products market report table of contents includes:
1. Executive Summary
2. Bag On Valve Products Market Characteristics
3. Bag On Valve Products Market Trends And Strategies
4. Bag On Valve Products Market – Macro Economic Scenario
5. Global Bag On Valve Products Market Size and Growth
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31. Bag On Valve Products Market Other Major And Innovative Companies
32. Global Bag On Valve Products Market Competitive Benchmarking
33. Global Bag On Valve Products Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bag On Valve Products Market
35. Bag On Valve Products Market Future Outlook and Potential Analysis
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