Visiongain Publishes Bag-on-Valve (BoV) Technology Market Report to 2031

06 May 2021
Packaging

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.

Market Drivers

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.

Market Opportunities

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.

Competitive Landscape
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.

Recent Developments
• 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.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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