Expanding packaging applications of bag-on-valve technology owing to its distinct characteristics is primarily fuelling the bag-on-valve technology market, says a newly published research report from TMR.
Bag-on-valve technology is rapidly being used for the packaging of pharmaceutical, home care, and personal care products. The use of bag on valve technology across several highly valuable end-use industries such as pharmaceuticals and cosmetics and personal care is extending immense growth opportunities in the bag on valve technology market. This validates handsome growth of the bag-on-valve technology market, which, in the near-term from 2017 – 2024 is projected to expand at 4.4% CAGR.
Meanwhile, in general, for marketing and promotions the importance of seamless packaging is not to be undermined. Resilient and attractive packaging has scope for improved design and high utility of the product. Bag on valve technology enables such requirements for several packaging echelons. This stipulates growth in the bag on valve technology market in the years ahead.
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Bag-on-valve technology packaging is valued for its use in the recycling of aluminum, which helps in considerable cost savings and reduced energy consumption. According to the Aluminum Association, bag-on-valve technology helps to save considerable cost and energy savings for aluminum recycling. Hence, increasing number of manufacturers of bag-on-valve packaging technology are using aluminum as the base element. In advertently, this is helping to go closer to the need for sustainable packaging solutions.
Bag-on-valve technology for packaging is replete with features. It offer longer shelf life, requires zero to minimal preservatives, used with eco-friendly air or nitrogen, and mostly in line to minimize waste associated with packaging. This makes bag-on-valve packaging preferred for packaging needs across a host of industry verticals.
The product range of bag-on-valve technology is attractive to choose from. Standard and non-spray bag-on-valve products find applications for packaging needs of a number of industry verticals.
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Aerosol Bag-on-Valve Product Type Witness Immense Traction for Eco-friendly Characteristics
However, aerosol bag-on-valve products are anticipated to be preferred for their distinct offerings. Increasing use of aerosol spray products that requires contact-free dispensing for use in the healthcare sector creates tremendous demand for aerosol bag-on-valve technology products. Structurally, bag-on-valve products include rolled-up multi-layered pouch joined to the aerosol valve. In addition, aerosol bag-on-valve functions at an equal level at all angles along with offering convenience to the formulation by eliminating the need for preservatives.
Easy to hold, unbreakable, and lightweight are some other characteristics that are driving the demand for aerosol bag on valve technology products. Manufacturers in the bag on valve technology market are increasing manufacturing aerosol cans using aluminum on a large scale - the latter having advantages of recyclability and low cost. With such extensive demand to serve the packaging needs of several lucrative industry verticals, by 2024, the aerosol bag on valve technology segment is projected to exceed a valuation of US$ 300 Mn.
Bag-on-valve technology enables convenient, easy to store and easy to use packaging. This further accentuates demand for bag-n-valve technology for packaging liquids such as oils and sauces and other cream products.
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Preference for Sustainable Packaging makes Europe Prominent
Among key regions in the bag-on-valve technology, Europe is anticipated to hold the leading market share in the coming years. This is mainly because of increasing preference for sustainable and eco-friendly packaging. Consumers in the region are generally inclined toward zero wastage, hence prefer packaging solutions that offer the same.
Among a slew of distinct characteristics of bag-on-valve technology, zero to minimal contamination is outstanding. This feature of the technology to separate product and propellant due to its airless bags and packaging methods is the key reason for this.
This makes for significant adoption of bag-on-valve technology for the packaging of pharmaceutical and cosmetic products. Therefore, the expanding range of personal care products, including self-tanning sprays, lotions, creams, deodorants, and other personal hygiene products is positively impacting the bag-on-valve technology market.
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