Bag-on-valve (BOV) is an innovative
technology that is designed to offer an alternate means of packaging
products. This packaging is desirable to dispense only liquid portion.
The global bag-on-valve technology market
is witnessing intense competition by the prominent players including
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.
Manufacturers have started focusing on
providing eco-friendly bag-on-valve technology suitable for liquid,
cream, foam, and gel packaging. Product safety is also one of the
growing trends in the global market for bag-on-valve technology.
Companies are also adopting sustainable packaging processes to comply
with various standards set by regulatory bodies. Bag-on-valve technology
also leads to zero wastage of the product. The bag-on-valve technology
is witnessing strong demand from the cosmetics industry, the food
industry and pharmaceutical industry.
Despite being the most innovative spray
technology, the aluminum used in BOV prevents consumer to see the
product inside the packaging. Hence, companies are also working on
launching transparent BOV cans to attract customers. Moreover,
regulations on the safety and quality of packaged goods by the
regulatory bodies is resulting in manufacturers to conduct research
activity on the material used in developing BOV system.
The global bag-on-valve technology
market is expected to increase to a CAGR of 4.4% during the forecast
period 2017-2024. The global market for bag-on-valve technology is also
estimated to reach US$ 500.1 Million revenue by the end of 2024.
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Aluminum Containers to Account for Highest Growth in the Global Market for Bag-on-valve Technology
The global bag-on-valve technology
market is divided into segments based on the container type, valve type,
product type, application type and capacity type. Based on the product
type, the market is segmented into Standard B.O.V., Aerosol B.O.V., and
Non-spray / Low-pressure B.O.V. Among these, aerosol B.V.O. is likely to
witness the highest growth.
On the basis of valve type, the global
market for bag-on-valve is segmented into male valve and female valve.
Male valve is expected to be used on a large scale as compared to the
female valve.
In terms of container type, the market
is segmented into tip plate, aluminum, plastic, and steel. Among all
these, an aluminum container is likely to gain maximum traction in the
global bag-on-valve technology market. Meanwhile, tin plate is also
expected to see a strong growth in the coming years.
By capacity type, the market includes
30ml-100ml, below 30ml, 100ml-275ml, 275ml to 500ml, and above 500ml.
30ml-100ml of bag-on-valve technology cans are likely to be
highly-preferred in the global market during 2017-2024.
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