Bag On Valve Technology Market
The bag on valve technology (BOV) is used in various applications such as personal care & cosmetics, pharmaceutical, automotive & industrial, and home care. The BOV technology is considered to be rapidly growing in packaging different products. The BOV technology is widely used in food & beverages, cosmetics, and pharmaceutical industries, due to the longer shelf life and no added preservatives. Moreover, the food & beverages industry adopting BOV technology for the packaging of oils, sauces, and other liquid products.
Market Dynamics
The global bag on valve technology market has witnessed significant growth in recent, past years, owing to the increasing adoption of bag on valve technology in various industries such as cosmetic & personal care, home care, food & beverages. Based on product type, the global bag on valve technology market is segmented as aerosol BOV, standard BOV, and non-spray/low pressure BOV products. Among these segments, the aerosol BOV product dominated standard and non-spray/low pressure BOV products globally in 2022, owing to the advantages of aerosol BOV such as longer shelf life and keeping fragrance stable for longer periods. This factor is estimated to foster market growth during the forecast timeframe.
Based on container type, the global bag on valve technology market is divided into aluminum, tin plate, steel, and plastic containers. Among these segments, aluminum containers dominated the global bag on valve technology market in 2022, owing to the increasing adoption of aluminum container packaging in the various end use industries such as personal care, pharmaceutical, and home care. Moreover, aluminum has a high recycling rate and it reduces energy consumption. This factor is expected to boost the market growth of the global bag on valve technology market during the forecast period.
Furthermore, Europe dominated the global bag on valve technology market in 2022, owing to the rising awareness of product usage patterns, and contamination-free packaging in this region. As a result, this scenario is estimated to foster the growth of the global bag on valve technology market during the forecast period.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
Detailed Segmentation:
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