Press release
Bag On Valve Products Global Market Set to Reach $9.39 billion in 2025 with a CAGR of 7.8%
Bag On Valve Products Market Share
In terms of value, the global bag on valve products market experiences robust growth with expected advancements, driven by food and beverage industry, consumer demand, pharmaceutical, medical and personal care industry, smart packaging, emerging market penetration and rising e-commerce.
What Is The Projected Market Size Of The Global Bag On Valve Products Market And Its Growth Rate?
• The bag on valve products market has seen strong growth recently. The market will grow from $8.71 billion in 2024 to $9.39 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%.
• Several factors can be attributed to the rise, including food and beverage industry utilization, enhanced product shelf life, and consumer demand for convenience.
• The trajectory is expected to continue with promising growth to reach $12.72 billion in 2029 at a CAGR of 7.9%. This growth can be attributed to integration with IoT and smart packaging, emerging market penetration, e-commerce, and demand for clean applications.
What Is Driving The Growth In The Bag On Valve Products Market?
The growth can be attributed to the growing demand for personal care products. The bag-on-valve (BOV) technology is utilized in packaging these products as it offers several advantages such as improved product protection, controlled dispensing, and extended shelf life. For instance, in 2023, the total retail sales of personal care products reached £9,568,217 ($1,24,86,662), representing a 9.7% growth. Hence, the rising demand for personal care products is driving the growth of the bag-on-valve product market.
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Who Are the Key Players Driving Bag On Valve Products Market Growth?
Major companies operating in this market include:
• 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 Inc
• 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.
What Are The Key Trends In The Bag On Valve Products Market?
Key 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
What Are The Segments Of The Global Bag On Valve Products Market?
The bag on valve products market is segmented by:
1) Product Type: Standard, Aerosol, Low Pressure, And Non-Spray
2) Type: Child Use, General Use
3) Container Type: Aluminum, Steel, Tin Plate, Plastic
4) Application: Personal Care, Household Care, Pharmaceutical, Food And Beverage, Automotive, And Industrial
Which Region Leads The Bag On Valve Products Market?
Asia-Pacific was the largest region in the bag on valve products market in 2024. The region plays a crucial role in this market due to the developing economies, industrial evolution, and expanding end-use industries.
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What Is Covered In The Bag On Valve Products Global Market Report?
- Market Size Analysis: Analyze the Bag On Valve Products Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bag On Valve Products Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bag On Valve Products Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bag On Valve Products Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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