What Has Been the Growth Trajectory of the Bag On Valve Products Market?
The bag on valve products market has seen considerable growth due to a variety of factors.
•There has been a substantial increase in the market size of bag on valve products in the recent past. From being a $8.71 billion market in 2024, it is projected to expand to $9.39 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.8%.
Several reasons account for the growth previously seen, including usage in the food and beverage sector, improved product longevity, consumer appreciation for convenience, adoption by pharmaceutical and medical industries and uptake by the cosmetics and personal care sector.
What Does the Future Hold for the Bag On Valve Products Market?
The bag on valve products market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for bag on valve products is anticipated to witness significant growth in the upcoming years, with projections showing a growth to $12.72 billion by 2029 at a compound annual growth rate (CAGR) of 7.9%.
This growth during the forecast period can be ascribed to the incorporation of IoT and intelligent packaging, burgeoning market penetration, increased prevalence of e-commerce and direct-to-consumer channels, and a rising demand for clean and sterilised applications. Future trends within this period predict an increase in portable and travel-compatible products, better barrier properties, a focus on recyclability and the circular economy, the integration of biocompatible materials and an enhanced focus on user experience and ergonomics.
What Are the Critical Driver Fuelling the Bag On Valve Products Market's Growth?
The increasing need for personal care items is anticipated to stimulate the expansion of the bag-on-valve product market. Personal care items encompass a wide range of hygiene, grooming, and wellness products. Bag-on-valve (BOV) technology is commonly used in the packaging of these items due to its numerous benefits, such as enhanced product preservation, regulated dispensing, and prolonged shelf life. For example, the Cosmetic, Toiletry and Perfumery Association, a trade association based in the UK, reported that in 2022, the total retail sales of personal care products reached £8,725,587, ($1,13,87,017), with a growth of 9.7% to £9,568,217 ($1,24,86,662) in 2023. Hence, the surge in demand for personal care items fuels the growth of the bag-on-valve product market.
How Is the Bag On Valve Products Market segmented?
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
Subsegments:
1) By Standard: Pressurized Systems, Non-Pressurized Systems
2) By Aerosol: Continuous Spray, Trigger Spray
3) By Low Pressure And Non-Spray: Foam Products, Liquid Products, Creams And Lotions, Gels And Pastes
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What New Trends Are Influencing the Bag On Valve Products Market?
In the bag-on-valve commodity market, leading corporations are concentrating on introducing novel solutions like using Bag-on-Valve technology in perfume products, to improve product distribution and customer satisfaction. Perfumes packed with the bag on valve (BoV) technology essentially include scent items that utilize a system where the aroma liquid is kept in a container within the aerosol, distinctly separated from the propellant. To illustrate, ITC Limited, a firm established in India, introduced the Engage L'amante Luxury Perfume Sprays in June 2023, incorporating Bag on Valve (BoV) technology to enrich the essence experience. This recent line comprises two fragrances: Sunkissed, a stimulating fusion of fruity citrus, Tuberose, Jasmine, and Sandalwood, and Intensity, merging citrus and berries with a calming woody undertone. These environment-friendly perfumes adopt a sustainable propellant that preserves the scent's originality while advocating for environmental awareness.
Who Are the Key Players in the Bag On Valve Products Market?
Major companies operating in the bag on valve products 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 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.
What Is The Most Dominant Region In The Bag On Valve Products Market?
Asia-Pacific was the largest region in the bag on valve products market in 2024. The regions covered in the bag on valve products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
