Global Bag on Valve Laminates Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030
Global Bag on Valve Laminates Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030
The Bag-On-Valve (BOV) is a barrier packaging technology for liquid or viscous products. The product is completely separated from the eco-friendly air or nitrogen propellant. The bag-on-valve laminated films arrives to the BOV component manufacturers in large rolls. In the bag-on-valve production process, the laminate is folded and welded into a pouch, which is then welded to the aerosol valve. This makes a hermetically sealed BOV package.
Market Overview:
The latest research study on the global Bag on Valve Laminates market finds that the global Bag on Valve Laminates market reached a value of USD 243.05 million in 2023. It’s expected that the market will achieve USD 345.73 million by 2029, exhibiting a CAGR of 6.05% during the forecast period.
Bag on the valve is the practice of putting a product inside a bag, sealing the bag with a valve, and then putting the bag into a can due to its capacity to increase consumer convenience and safety while extending the shelf life of goods. The product is released from the bag when the valve is depressed, and the propellant in the container creates pressure to dispense it. It is especially suitable for goods like food, medicines, and cosmetics that are delicate to oxygen or moisture. It can also be used for goods that need to be dosed precisely, like medicinal sprays, and interests that need to be kept under pressure, such as shaving creams and foams. In the future decade, the Bag on Valve Laminates market's expansion will be accelerated by soaring demand from the food and beverage and personal care sectors. The healthcare industry's growing need for clean packaging free of contamination boosts Bag on Valve Laminates sales.
The growing adoption of personal care products by consumers across the world, along with a rising emphasis on health and hygiene, is expected to drive the growth of the personal care industry globally. Furthermore, advertisements by major brands promoting spray-based products, as they are untouched by human hands and protected from external environments prior to their usage, are expected to create new growth opportunities in the Bag on Valve Laminates products market. The growth in personal care spending in the emerging countries of Asia Pacific can be attributed to the strong industrial and economic development, coupled with population expansion, which is expected to positively influence the production of commodities such as perfumes, shaving foams, lotions, gels, and other personal care products. This is expected to result in increased demand for bag-on valve products, thus driving the growth of the Bag on Valve Laminates products market.
Region Overview:
In 2022, the share of the Bag on Valve Laminates market in United States stood at 46.94%.
Company Overview:
Amcor is one of the major players operating in the Bag on Valve Laminates market, holding a share of 15.10% in 2023.
Amcor Plc (Amcor) is a provider of packaging solutions. It offers plastic, fiber, metal, and glass packaging products such as pet bottles, plastic bottles and jars, capsules and closures, specialty folding cartons, free films, bags and pouches, wrappers, rigid containers, laminates, and flow packs. The company’s products find application in various industries such as beverages, food, pharmaceutical, medical device, homecare personal care, pet care, specialty cartons, and other technical applications. It also serves medical-device, healthcare, pharmaceutical, personal-care and home product markets.
AptarGroup Inc (AptarGroup) is a supplier of dispensing and sealing packaging delivery systems. It serves personal care, beauty, homecare, pharmaceutical, and food and beverage markets. The company offers aerosol valves, bag-on valves, dispensing systems, fine mist pumps, lotion pumps, dispensing and non-dispensing closures, continuous spray valves and dose inhaler valves. The company also offers elastomeric primary packaging components and customized packaging solutions.
Segmentation Overview:
According to the different raw materials used in Bag on Valve Laminates, they are divided into PET, PP and Aluminum. Judging from the current market, the Aluminum type occupies the largest market share.
Application Overview:
By application, the Healthcare segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Bag on Valve Laminates market covered in Chapter 3:
Wipf Doypak Aptar Group Aveflor Gualapack Group Amcor Coster Group Lindal Group BOV Solutions
In Chapter 4 and Chapter 14.2, on the basis of types, the Bag on Valve Laminates market from 2019 to 2030 is primarily split into:
PET PP Aluminum
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bag on Valve Laminates market from 2019 to 2030 covers:
Healthcare Personal Care Home Care Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada) Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden) Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia) Latin America (Brazil, Mexico, Argentina) Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
Chapter 1 Market Definition and Statistical Scope
Chapter 2 Research Findings and Conclusion
Chapter 3 Key Companies’ Profile
Chapter 4 Global Bag on Valve Laminates Market Segmented by Type
Chapter 5 Global Bag on Valve Laminates Market Segmented by Downstream Industry
Chapter 6 Bag on Valve Laminates Industry Chain Analysis
Chapter 7 The Development and Dynamics of Bag on Valve Laminates Market
Chapter 8 Global Bag on Valve Laminates Market Segmented by Geography
Chapter 9 North America
Chapter 10 Europe
Chapter 11 Asia Pacific
Chapter 12 Latin America
Chapter 13 Middle East & Africa
Chapter 14 Global Bag on Valve Laminates Market Forecast by Geography, Type, and Downstream Industry 2024-2030