The global Bag On Valve Products market is forecast to reach USD 10.49 Billion by 2027, according to a new report by Reports and Data. Bag-on-valve (BOV) technology is considered to be rapidly increasing in the packaging of various personal care, pharmaceutical, and home care products. This technology also offers a significant advantage for aerosol products that require contactless dispensing. Due to the longer shelf life, the need for fewer or no preservatives, bag-on-valve technology is widely used in food and beverages, cosmetics, and pharmaceutical packaging. Several key food companies are implementing bag-on-valve technology for packaging sauces, oils, and other liquid and creamy products. This is likely to meet customer demand and requirements for convenience, ease of storage, and packaging.
The high cost associated with BOV technology is expected to hamper growth in the BOV products market. It protects the product from contamination and offers an attractive appearance compared to other forms of packaging. Besides, the need for additional pressurized gas and propellant with packaging products increases the overall cost of packaging. Lack of awareness of the benefit of BOV products among consumers is expected to limit growth in the BOV market over the forecast period. Also, the availability of cheaper alternatives is another major factor that is estimated to hamper market growth.
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Major Points Covered in the Global Bag On Valve (BOV) Products Market Report:
- Market Coverage: This section of the report provides significant details on key market aspects including the key market segments, product innovation scope, and macro-economic and micro-economic growth indicators. In addition, the report segments the global Bag On Valve (BOV) Products market based on product type, technology landscape, and application range.
- Executive Summary: Under this section, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed.
- Regional Analysis: In this section, the latest report highlights the extensive global presence of the Bag On Valve (BOV) Products market. This section offers key insights into the latest trends in the regional markets including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
- Competitive Landscape: This section of the report highlights the key players in the global Bag On Valve (BOV) Products market. It further emphasizes the leading products and services offered by these companies.
- Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product catalogue, production value and capacity, and other vital information.
For the purpose of this report, Reports and Data have segmented into the global Bag On Valve Products market on the basis of Product Type, Container Type, Application, and Region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Standard
- Aerosol
- Low Pressure/Non-Spray
Container Type Outlook (Revenue, USD Billion; 2017-2027)
- Aluminum
- Steel
- Tin Plate
- Plastic
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/bag-on-valve-bov-products-market
Application Outlook (Revenue, USD Billion; 2017-2027)
- Personal Care
- Household Care
- Pharmaceutical
- Food and Beverage
- Automotive and Industrial
Further key findings from the report suggest
- The pharmaceutical industry adopts advanced packaging technology, such as BOV technology, to offer perfectly safe and clean products. The technology protects the product from contamination and also provides a controlled dosing system. Therefore, the growing demand from the pharmaceutical industry is expected to stimulate market growth.
- Qualities such as comfortable to hold, lightweight, and non-breakability stimulate market demand. Manufacturers are developing aerosol cans using aluminum on a large scale, due to their recyclable nature and its low cost.
- The increased use of aerosol packaging solutions for home care products such as cleaners and disinfectants is expected to increase the growth of the market over the forecast period. The improvement in the standard of living associated with the increase in the disposable income of the population should also encourage the growth of the market.
- Europe is expected to have a significant market share in the global market in the coming years. BOV packaging is likely to see rapid development in Europe for products that include eye showers for wounds and cleansers. The latest product development, particularly in the pharmaceutical sector, implements innovative packaging using bag-on-valve technology.
- North America should also experience impressive development in the global market. Significant development of market growth will be observed in the Asia-Pacific region in the future.
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
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