06 May 2021
Visiongain has published a new report on Bag-on-Valve Technology (BoV) Market Report to 2031: Forecasts by Container type (Plastic, Aluminum, Others), by Application (Pharmaceuticals, Food & Beverages, Automotive & Industrial Products, Others). PLUS Profiles of Leading Bag-On-Valve Technology Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Bag-On-Valve technology market was valued at US$ xx billion in 2020 and is projected to reach at a market value of US$ xx billion by 2031. Bag-on-valve (B.O.V) technology is used for packaging sauces, oils, and other liquid & cream products and is considered to be rapidly increasing in packaging industry, amongst others. Moreover, due to the longer shelf life & requirement for less preservatives, bag-on-valve enhances & provides efficient & effective solutions for different personal care, pharmaceutical, home care, and other products.
Increased adoption by cosmetics and food & beverages industries and numerous benefits provided by Bag-On-Valve technology are becoming major driving factors to the market growth. On the contrary, surge in funding & investments by large technological organizations and rapid increased in adoption of Bag-On-Valve technology, as the most-preferred choice for manufacturers are some of the major factors expected to create an immense opportunities to the market in the upcoming years.
COVID-19 Impact on Bag-On-Valve Technology Market
During this time when the COVID-19 pandemic has hampered several industries, the growth for Bag-On-Valve technology is still remaining the same & is expected to prosper in the coming years. In order to curb the spread of virus, several industries involving the usage of bag-on-valve technology have largely switched towards this technology and are focusing towards hands-free, interactive technology having remote capabilities. Therefore, the demand for Bag-On-Valve technology is expected to gain momentum primarily in food & beverages industry.
Increased adoption by cosmetics and food & beverages industries
Consumers demand towards cosmetics and food & beverages goods are continuing to rise in the market. In addition, as bag-on-valve are used in separating the product & propellant, the demand for its implementation across cosmetics and food & beverages industry is continuing to rise in the market. Therefore, these factors are propelling the Bag-On-Valve technology market growth.
Numerous benefits provided by Bag-On-Valve Technology
With having eco-friendly air or nitrogen, enhanced economy & sustainability towards manufactured products, the demand for Bag-On-Valve technology is continuing to rise across several end use sectors in the market. These factor, as a result is accelerating the growth of Bag-On-Valve technology market.
Surge in funding & investments by large technological organizations
With providing smooth & advance solutions for business operations, numerous organizations & enterprises are investing & funding in Bag-On-Valve technology which is expected to grow in the market. As a result, investment in technologies by key players are becoming major opportunistic factors to the Bag-On-Valve technology market.
Rapid increased in adoption of Bag-On-Valve Technology, as the most-preferred choice for manufacturers
As Bag-On-Valve technology packaging is emerging as the most-preferred choice for manufacturers, the adoption in various industries are growing at a tremendous speed. Moreover, companies are training their existing teams to operate efficiently with bag-on-vale technologies. Therefore, these factors together are expected to create an immense opportunities to the Bag-On-Valve technology market in the upcoming years.
Some of the companies profiled in the report include AptarGroup, Inc, Chicago Aerosol LLC, Coster Tecnologie Speciali S.p.A, Exal Corporation, KOH-I-NOOR Mladá Vožice a.s., LINDAL Group, Precision Valve Corporation, PREVAL, Shanghai Golden Bridge Infotech Co., Ltd., and TOYO & DEUTSCHE AEROSOL GMBH.
• In January 2018, LINDAL Group, which is a manufactures valves, actuators & spray caps has opened a new application laboratory which dedicated to the increasingly popular bag-on-valve (BOV) technologies. Therefore, this expansion of business unit is becoming major developing factors in the market.
• In September 2018, Precision Global, which is one of the leading manufacturer of packaging dispensing solutions has announced the extension of its bag-on-valve (BOV) production line. Moreover, this development in existing product line aimed at providing quality control & personalization laboratory services in the market.
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