Published by Coherent Market Insights
Posted on September 20, 2021
The global bag on valve technology market is projected to reach around US$ 503.2 million by the end of 2027, in terms of revenue, growing at CAGR of 2.9% during the forecast period (2019-2027).
The bag on valve technology (BOV) is an advanced packaging solution that provides a controlled dosing option. Bag on valve technology composed of aerosol valve and offer superior dispensing technology. Aerosol BOV, standard BOV, and non-spray/low-pressure BOV are some of the product types of the bag on valve technology. This modern packaging solution prevents contamination of the product as it has space between can and bag, the bag is filled by propellant. Cosmetics & personal care, pharmaceuticals, home care, food & beverages, and automotive & industrial are some of the major application areas of the bag on valve technology. Aluminum, tin plate, steel, and plastic are a major product that utilizes bag on valve technology.
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Drivers
Growing awareness regarding environment-friendly packaging solutions is fueling the growth of bags on the valve technology market. BOV packaging uses aluminum as raw material which can be recycled easily with no harmful chemicals left on landfills. Moreover, BOV technology also reduces the amount of volatile organic compounds (VOCs), unlike traditional aerosols. Hence, rising awareness regarding the environment-friendly packaging solution is expected to propel the market growth of BOV.
Market Restraints
High cost associated with the BOV technology is expected to hinder the market growth of BOV. It not only protects the product from contamination but also offers an attractive look compared to other forms of packaging. Moreover, the need for additional pressurized gas and propellant with packaging products increases the overall cost of packaging. Therefore, the high cost of the BOV technology is projected to hinder the BOV technology market.
Lack of awareness regarding the advantage of BOV among consumers coupled with the lower affordability is expected to restrict the market growth of BOV over the forecast timeframe. Moreover, the availability of cheaper substitutes is another major factor that is estimated to hinder the market growth of BOV over the forecast timeframe.
Market Opportunities
Rising application of bag-on-valve packaging from the food & beverage industry as it is suitable for packaging food products since it maintains the freshness and purity of the product are expected to foster the market growth of bag-on-valve technology. This technology ensures integrity and helps to keep the food product fresh for a longer time. Moreover, bag-on-valve also provides precise and efficient usage of the food product.
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The growing popularity of non-spray BOV products that offer high efficiency with fewer contamination effects is expected to offer lucrative growth opportunity to the market of BOV. The content present in not spray system dispenses in a pouring manner and is ideal for products such as cooking oils, coffee concentrates, flavorings, and wound washes. Hence, non-spray BOV product is gaining huge traction in the market and this is expected to foster the market growth of BOV technology.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Bag On Valve Technology Market Is Projected To Reach Around Us$ 503.2 Million By The End Of 2027 appeared first on Gatorledger.
The global bag on valve technology market is projected to reach around US$ 503.2 million by the end of 2027, in terms of revenue, growing at CAGR of 2.9% during the forecast period (2019-2027).
The bag on valve technology (BOV) is an advanced packaging solution that provides a controlled dosing option. Bag on valve technology composed of aerosol valve and offer superior dispensing technology. Aerosol BOV, standard BOV, and non-spray/low-pressure BOV are some of the product types of the bag on valve technology. This modern packaging solution prevents contamination of the product as it has space between can and bag, the bag is filled by propellant. Cosmetics & personal care, pharmaceuticals, home care, food & beverages, and automotive & industrial are some of the major application areas of the bag on valve technology. Aluminum, tin plate, steel, and plastic are a major product that utilizes bag on valve technology.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3526
Drivers
Growing awareness regarding environment-friendly packaging solutions is fueling the growth of bags on the valve technology market. BOV packaging uses aluminum as raw material which can be recycled easily with no harmful chemicals left on landfills. Moreover, BOV technology also reduces the amount of volatile organic compounds (VOCs), unlike traditional aerosols. Hence, rising awareness regarding the environment-friendly packaging solution is expected to propel the market growth of BOV.
Market Restraints
High cost associated with the BOV technology is expected to hinder the market growth of BOV. It not only protects the product from contamination but also offers an attractive look compared to other forms of packaging. Moreover, the need for additional pressurized gas and propellant with packaging products increases the overall cost of packaging. Therefore, the high cost of the BOV technology is projected to hinder the BOV technology market.
Lack of awareness regarding the advantage of BOV among consumers coupled with the lower affordability is expected to restrict the market growth of BOV over the forecast timeframe. Moreover, the availability of cheaper substitutes is another major factor that is estimated to hinder the market growth of BOV over the forecast timeframe.
Market Opportunities
Rising application of bag-on-valve packaging from the food & beverage industry as it is suitable for packaging food products since it maintains the freshness and purity of the product are expected to foster the market growth of bag-on-valve technology. This technology ensures integrity and helps to keep the food product fresh for a longer time. Moreover, bag-on-valve also provides precise and efficient usage of the food product.
Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3526
The growing popularity of non-spray BOV products that offer high efficiency with fewer contamination effects is expected to offer lucrative growth opportunity to the market of BOV. The content present in not spray system dispenses in a pouring manner and is ideal for products such as cooking oils, coffee concentrates, flavorings, and wound washes. Hence, non-spray BOV product is gaining huge traction in the market and this is expected to foster the market growth of BOV technology.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Bag On Valve Technology Market Is Projected To Reach Around Us$ 503.2 Million By The End Of 2027 appeared first on Gatorledger.
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