Bag on valve technology is an advanced technology packaging system which prevents contamination in the product. It is an excellent dispensing system which has a wide range of application across pharmaceutical, cosmetic, occupational safety, and food industry. This technology minimizes the product wastage and ensures maximum usage of the product up to the last drop. Moreover, due to airless packaging methods, this technology offers minimal or zero contamination by acting as a barrier between oxygen and product which keeps the fragrance and color of product unaffected. Aluminum, tin plate, steel, and plastic are the major type of container that uses bag on valve technology and cosmetics & personal care, pharmaceuticals, home care, food & beverages, and automotive & industrial are some of the major end-user industries of the bag on valve technology.

The global bag on valve technology market is estimated to account for slightly less than US$ 383.8 Million in terms of value in the year 2018 and it predicted to grow at a CAGR of 2.9% during the forecast period (2019-2027)

Drivers

Demand for the bag on valve technology from the cosmetic industry and booming cosmetic industry around the globe is expected to augment the market growth over the forecast period. Bag on valve technology is used to packaged cosmetic products such as lotions, shaving creams, gels, etc. According to the Cosmetics Europe the Personal Care Association, the personal care market was valued at US$ 84.8 billion at a retail sales price in 2018, the European cosmetics and personal care market is the largest in the world. Hence, growing cosmetic industry is projected to augment the market growth of the bag on valve technology over the forecast period.

Market Opportunities

Rising demand for industrial coatings where bag-on-valve technology is used for packaging of coatings in the form of spray is expected to augment the market growth over the forecast period. According to the American Coatings Association, in 2015, the U.S. paint and coatings industry sold US$ 7.8 billion of industrial coatings to customer industries. Therefore, the growing demand for industrial coatings is expected to propel the market growth of bag-on-valve technology.

Market Restraints

Despite the advancement in packaging technology many consumers prefer products in conventional packaging such as tubes, dosing bottles, and jars that are expected to hinder the market growth of bag on valve (BOV) technology over the forecast timeframe. Therefore, consumer preference toward a conventional form of packaging is expected to negatively impact the overall sales volume of the BOV technology market, in turn hindering the market growth.

On the basis of product type, aerosol BOV has dominated the global bag on valve technology market in 2018 with a 62.7% of market share in terms of value, followed by non-spray/low pressure BOV and standard BOV.

Market Trends

The rising trend of launching an innovative packaging solution in terms of bag-on-valve technology by the manufacturer is expected to augment the market growth over the forecast period. For instance, in May 2018, Aptar Pharma has launched new market innovations in inhalation drug delivery for the Chinese market as respiratory solutions designed to help fight the effects of air pollution. Moreover, the company has also showcased its bag on valve (BOV) technology with a wide range of advanced preservative-free dispensing systems for dermal, eye care and nasal drug delivery routes, which offer pharmaceutical professionals flexibility and performance.

A growing number of strategic collaboration and partnerships in the market by major players in order to expand their presence in the market is expected to accelerate market growth. For instance, in April 2017, Ball Corporation and Unilever have partnered to bring a more sustainable aluminum aerosol can to the market. The new Rexona and Sure antiperspirant cans employ Ball’s innovative ReAl technology. The newly created metal alloy that utilizes recycled content exhibits increased strength and allows Ball to lightweight its impact-extruded aerosol cans by 20%.

Competitive Section:

Key players operating in global bag on valve technology market Coster Tecnologie Speciali S.p.A., AptarGroup, Inc., LINDAL Group Holding GmbH, Precision Valve Corporation, KOH-I-NOOR Mlada Vozice a.s, Exal Corporation, TOYO & DEUTSCHE AEROSOL GMBH, Summit Packaging System, Inc., Chicago Aerosol LLC, and Shanghai Golden Aerosol Co., Ltd.

Few Recent Developments

Aptar Pharma

  • In May 2018, Aptar Pharma has launched new market innovations in inhalation drug delivery for the Chinese market as respiratory solutions designed to help fight the effects of air pollution. Moreover, the company has also showcased its Bag on Valve (BOV) technology with a wide range of advanced preservative-free dispensing systems for dermal, eye care and nasal drug delivery routes, which offer pharmaceutical professionals flexibility and performance. 
  • In January 2016, Aptar Group Inc, acquires MegaPlast GmbH, a provider of airless dispensing systems for personal care, beauty and pharmaceutical market, in order to expand specifically in the pharmaceutical packaging segment. This acquisition will enable the Crystal Lake manufacturer to develop its presence in Latin America and Asia

Market Taxonomy

By Product Type

  • Aerosol BOV
  • Standard BOV
  • Non-spray/Low-Pressure BOV

By Container

  • Aluminium
  • Tin Plate
  • Steel
  • Plastic

By Application

  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Home Care
  • Food & Beverages
  • Automotive & Industrial

By Valve Type

  • Male Valve
  • Female Valve

By Capacity Type

  • Below 30ml
  • 30ml-100ml
  • 100ml-275ml
  • 275ml-500ml
  • Above 500ml

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
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