The global bag on valve technology market is being divided by the rising awareness about its cost-effectiveness amongst consumers and manufacturers. Consumers are showing a strong inclination toward bag on valve technology as a packaging solution as it minimizes product wastage, thereby ensuring complete value for money.
Thus, this technology is being used for several high-end products. Yet another noticeable benefit working in favor of the global market is minimal to zero amount of contamination. This technology separates the product and the propellant due to its airless bags and packaging methods.
The demand for the bag on valve technology uses compressed air or nitrogen as a propellant, which reduces carbon footprint to a large extent. Also, the technology prevents contact between oxygen and the product, which keeps the colors and fragrances stable for a longer period of time. The product is enhanced and it is thus marketable for a longer period. Thus, the bag on valve technology is perceived as the “value for money” packaging solution among consumers and manufacturers, which is expected to increase globally during the forecast period of 2014-2025.
The easy availability of these traditional packaging materials and their convenient and familiar usage continues to make them a preferred choice amongst several industries. The global bag on valve technology market is also being discouraged by the high cost involved in its production. However, a growing pharmaceutical industry is expected to provide a wide range of freedom to this market in the coming years. The market will also witness a substantial growth due to changes in industrial environments in the coming few years.
Bag on Valve Technology Market is segmented By Product Type into Aerosol B.O.V., Standard B.O.V., and Non-Spray/Low-Pressure B.O.V. The market is segmented By Value Type into Male Value, Female Value. The market is segmented By Container Type into Aluminum, Tin Plate, Steel, and Plastic. The Market is segmented By Capacity Type into Below 30ml, 30ml-100ml, 100ml-275ml-500ml, above 500ml. Bag on Valve Technology Market is segmented By Application Type into Cosmetics & Personal Care, Pharmaceuticals, Homecare, Food & Beverages, Automotive & Industrial. The market is segmented By Geographical Region into North America, Latin America, Europe, Asia-Pacific (APAC), and Middle East & Africa (MEA).
The Arrival of the Asia Pacific market will be attributable to China’s growth as a manufacturing hub. Thus, China is anticipated to influence the bag on valve technology market. This country is projected to be the largest consumer as well as the key manufacturer of bag on valve technology in the coming years. Asia Pacific is expected to be the fastest-growing region during the forecast period. The region is expanding in the global bag on value technology market due to increasing awareness about the importance of usage patterns along with the environment and contamination-free packaging.
India too is expected to make a significant contribution to the soaring revenue of the overall market during the forecast period of 2014-2025. Europe’s bag value technology market is expected to show tremendous progress in the forecast period.
The Key Players include Coster Technologies Speciali S.p.A., AptarGroup, Inc., LINDAL Group Holding GmbH, Precision Valve Corporation, KOH-I-NOOR Mlada Vozice a.s, Summit Packaging System, Inc., Exal Corporation, Chicago Aerosol LLC, TOYO & DEUTSCHE AEROSOL GMBH, and Shanghai Golden Aerosol Co., Ltd.
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