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Interest of Pharmaceutical Industry in Bag-on-valve (B.O.V.) Technology Market Driven by Safety Criterion, Global Revenues to Surpass US$ 500.1 Mn by 2024

- Adoption of advanced barrier packaging by cosmetics and personal care brands to spur investment in bag-on-valve technology market, higher product dispensing reliability and user comfort are key criteria

- Pharmaceutical packaging to see rise in B.O.V applications, recyclability of the packaging and product integrity protection have enabled the industry to comply with stringent regulations

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Transparency Market Research

Jan 19, 2021, 10:30 ET

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ALBANY, N.Y., Jan. 19, 2021 /PRNewswire/ -- Bag on valve technology has emerged as a superior barrier packaging over traditional aerosol packaging. A wide array of personal care products are leveraging the gains of B.O.V. technology, where different liquid and viscous products can be dispensed with remarkable user comfort. Some of the salient characteristics that shape the products in the B.O.V. market are 360° actuation and dispensing, hygiene and sterility, main product integrity, and environmental friendliness of the aluminum packaging material. These criteria have attracted pharmaceutical companies to adopt bag-on-valve systems for dispensing medical and therapeutic solutions with high reliability. Both cosmetics and pharmaceuticals are key end users for industry players in the B.O.V. market. Rise in applications in the coming years will propel the market to reach worth of more than half-a-billion dollars in revenues by the end of the forecast period (2017 - 2024).

Analysts at TMR observe a major chunk of bag-on-valve market revenues coming from the aerosol B.O.V. product, due to high preference.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14594

Key Findings of Bag-on-valve (B.O.V.) Technology Market

  • Cosmetics brands position B.O.V. packaging as differentiator

The personal care and cosmetics packaging industry has been steadily preferring B.O.V. technology due to wide array of advantages it offers over traditional aerosol spray. The B.O.V. market is witnessing rise in investments from the industry. A variety of liquid and viscous products, including gels, can be dispensed with standard actuators with good control by the user. Moreover, the use of fewer preservatives adds to the shelf life of the final product, making the investments more sustainable for the packaging industry. Further and more importantly when brands compete for differentiating their products with unique packaging, B.O.V technology allows them to stay ahead of the curve. They attach high value to the packaging in post-Covid era due to the technology becoming an enabler for ensuring hygienic dispensing system.

  • Pharmaceuticals consider B.O.V. as high-end solution to meet safety compliance

Over the years, a steady demand in the B.O.V. technology market has come increasingly from the pharmaceutical industry. The high product integrity, the purity of formulation, and controlled spray pattern are some of the gains the pharma and medical industry will continue to harness from B.O.V. in coming years. A case in point is use of B.O.V. applications in high purity saline formulations.

Most importantly, what attracts pharmaceutical brands to adopt bag-on-valve technology in the packaging is the safety concerns. The technology enables the end-use industry in zero- contamination tolerance. The dispensing is reliable to meet high standards characteristic of the industry.

Analyze global bag-on-valve technology market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Bag-on-valve (B.O.V.) Technology Market: Key Driving Factors and Promising Avenues

  • High end-use consumer awareness of the benefits of bag-on-valve technology drives demand
  • Environmental friendliness of the packaging integrated with B.O.V. is a key consumer value proposition for several personal care brands
  • Strides made in cosmetic packaging drives interest in bag-on-valve barrier packaging
  • The use of aluminum is one of the key reasons for the high recyclability of the product packaging
  • Favorable regulatory outlook notably in Europe drives revenue potential in the B.O.V technology market
  • Rapid growth of the pharmaceutical industry in developing regions bolsters demand for high-end packaging technology

Request the Covid-19 Impact Analysis at
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=14594

Bag-on-valve (B.O.V.) Technology Market: Key Players

  • Shanghai Golden Aerosol Co.
  • Exal Corporation
  • Chicago Aerosol LLC
  • AptarGroup, Inc.
  • Precision Valve Corporation
  • Coster Tecnologie Speciali S.p.A
  • LINDAL Group 

Explore 235 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Bag-on-valve Technology Market (Product - Aerosol B.O.V., Standard B.O.V., Non-spray / Low-pressure B.O.V.; Valve - Male Valve, Female Valve; Container - Aluminum, Tin Plate, Steel, Plastic; Capacity- Below 30ml, 30ml-100ml, 100ml-275ml, 275ml-500ml, Above 500ml; Application- Cosmetics & Personal Care, Pharmaceuticals, Home Care, Food & Beverages, Automotive & Industrial Products) - Global Industry, Size, Share, Growth, Trends, and Forecast 2017 – 2024 at https://www.transparencymarketresearch.com/bag-on-valve-technology-packaging-market.html

Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:

Silo Bags Market – The global silo bags market is expected to grow at a CAGR of 6% during the forecast period. Silo bags are an easy means for on-farm segregation of commodities, thereby providing identity preservation, which is likely to augment the expansion of silo bags market in the years to come.

IV Bags Market – IV bags have also shown effectiveness in precisely delivery medication directly to veins via blood transfusion. The soaring usability of IV bags in the healthcare sector is indicative of a promising future ahead for the market. On these lines, Transparency Market Research (TMR) has predicted the market for IV bags to surge at a CAGR of 5.8% between 2020 and 2032.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr Rohit Bhisey
Transparency Market Research
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Email: [email protected]  
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Press Release Source: https://www.transparencymarketresearch.com/pressrelease/bag-on-valve-technology-packaging-market.htm 

  

SOURCE Transparency Market Research

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