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.

Affordability, longevity, lightweight, low or no maintenance, eco-friendly, resistant to corrosion, termite and bug resistance, good weather ability, and versatility are all factors that have contributed to the market’s development.

The trend to replace rigid package formats with flexible multi-laminate package formats continues due to the superior performance and materials savings that can be achieved – this type of packaging is the most expanding rather than single-resin film.

The market leading phase change material manufacturers have grown through acquisitions and site expansions to offer almost all required services on a global scale. However, there is still a role to be played by specialist phase change material manufacturers, particularly those that offers customized phase change material products & services.

Rising demand for different packaging solution is a major factor resulting to the rise in the demand for cold chain packaging. Further inclination of the consumers towards ready to eat food items is also a major factor triggering the market growth cold chain packaging.