Press release
Bag On Valve Products Market Report 2024-2033 | Size, Share, Trends, Demand, overview
Bag On Valve Products Market
The Business Research Company presents an extensive market research report on the Bag On Valve Products Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The bag on valve products market size has grown strongly in recent years. It will grow from $8.1 billion in 2023 to $8.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to food and beverage industry utilization, enhanced product shelf life, consumer demand for convenience, pharmaceutical and medical industry adoption, cosmetics and personal care industry adoption.
The bag on valve products market size is expected to see strong growth in the next few years. It will grow to $11.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to integration with iot and smart packaging, emerging market penetration, rise in e-commerce and direct-to-consumer channels, demand for clean and sterile applications. Major trends in the forecast period include rise in portable and travel-friendly products, improved barrier properties, focus on recyclability and circular economy, integration of biocompatible materials, focus on user experience and ergonomics.
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Key Market Players:
Major companies operating in the bag on valve products market report are Amcor plc, CCL Industries Inc., Aptar Group Inc., Constantia Flexibles, Plastipak Packaging Inc., Tekni-Plex Inc., Everton, Exal Corporation, TUNAP Group, Gualapack S.p.A, Precision Valve Corporation, Summit Packaging Systems Inc., DS Containers Inc, Lindal Group Holding GmbH, Chicago Aerosol LLC., Wipf Doypak A.S, Toyo And Deutsche Aerosol GmbH, B.O.V. Solutions Inc., InSpec Solutions LLC, KOH-I-NOOR Mlada Vozice a.s, Farrag Packaging, Aurena Laboratories AB, Colep Consumer Products, Coster Tecnologie Speciali S.p.A, Shanghai Golden Aerosol Co. Ltd.
Market Drivers:
Growing demand for personal care products is expected to propel the growth of the bag-on-valve product market going forward. Personal care products refer to a broad range of personal hygiene, grooming, and general well-being products. Bag-on-valve (BOV) technology is utilized in packaging personal care products. BOV packaging offers several advantages for personal care products, including improved product protection, controlled dispensing, and extended shelf life. For instance, in February 2021, according to the reports shared by Loreal Cosmetic World, a France-based company that manufactures cosmetics and skin care products, demand for personal care products increased from 8% in 2021 to 41% in 2022, with $249.66 billion (228 billion euros) in 2021. Further, the global cosmetics market grew from $5.8 billion in 2019 to $7.6 billion in 2022. Therefore, the increase in demand for personal care products is driving the growth of the bag-on-valve product market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/bag-on-valve-products-global-market-report
The bag on valve products market covered in this report is segmented -
1) By Product Type: Standard, Aerosol, Low Pressure And Non-Spray
2) By Type: Child Use, General Use
3) By Container Type: Aluminum, Steel, Tin Plate, Plastic
4) By Application: Personal Care, Household Care, Pharmaceutical, Food And Beverage, Automotive And Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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