The bag-on-valve laminate market is anticipated to witness significant growth in the coming decade, with projections indicating a valuation of USD 248.80 million in 2024 and expected to reach USD 364.70 million by 2034. According to recent market analysis, the market is set to register a steady compound annual growth rate (CAGR) of 3.90% during this period.
The bag-on-valve laminate technology has gained traction across the pharmaceutical and cosmetic industries due to its superior barrier properties and enhanced product preservation capabilities. This packaging solution separates the product from propellant gases, ensuring product integrity and extending shelf life, which are crucial for pharmaceuticals, cosmetics, and personal care products.
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The industry, which is currently valued at US$ 248.80 million, is experiencing significant demand in Asian countries, thanks to their enormous population, growing e-commerce in the developing economies, and enormous hospitality sector. In agriculturally-rich countries such as India, Brazil, Spain, China, etc., this demand is the result of BOV laminate’s applications in the well-established food and beverage industry.
Key Takeaways from the Market Study
- The bags segment dominates the bag-on-valve laminate market with a share of 75.90% in 2024.
- Based on the filling process, the aseptic fill segment leads the bag-on-valve laminate market with a share of 40.10% in 2024.
- The bag-on-valve laminate industry in India is anticipated to grow at a CAGR of 6.00% through 2034.
- The bag-on-valve laminate industry in China is estimated to rise at 4.60% CAGR through 2034.
- The bag-on-valve laminate industry in Thailand has the potential to increase at 4.30% CAGR through 2034.
- The South Korea bag-on-valve laminate industry is predicted to rise by 2.30% CAGR through 2034.
- The bag-on-valve laminate industry in Spain is very likely to grow at a CAGR of 2.10% through 2034.
Competitive Landscape:
The market is well-established and highly competitive, with the presence of several companies in the global marketplace.
- Some of the major players in the market include Aptar Group, Amcor plc, Precision Valve Corporation, TUNAP Group, Lindal Group, Summit Packaging Systems, Gualapack S.p.A., Coster Tecnologie Speciali S.p.A., and others.
- These companies are focused on developing packaging solutions that are both environmentally sustainable and cost-effective for small businesses.
- They are also adopting new technologies such as digital printing to increase their brand value and appeal to customers.
Leading Key Companies:
- Aptar Group
- Amcor plc
- Precision Valve Corporation
- TUNAP Group
- Lindal Group
- Summit Packaging Systems
- Gualapack S.p.A.
- Coster Tecnologie Speciali S.p.A
- Chicago Aerosol, LLC
- Wipf Doypak
- Farrag Packaging
- KOH-I-NOOR Mladá Vožice a.s.
Recent Developments:
- ITC Engage launched Engage L’amante Luxury Perfume Sprays, featuring eco-friendly Bag on Valve technology in June 2023.
- Aptar CSP Technologies collaborated with ProAmpac to introduce ProActive Intelligence Moisture Protect in February 2024.
- Moonshine Drinks introduced a patented home brewing bag in November 2013 for enthusiasts that has the capacity to make 25 pints by adding water.
- Starlinger delivered its 100th lamiTEC coating and laminating machine to Fatima Packaging Limited in Pakistan in April 2018.
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Key Segments Profiled in the Bag-on-valve Laminate Industry Survey
By Material:
- Polypropylene (PP)
- Oriented Polypropylene (OPP)
- Cast Polypropylene (CPP)
- Aluminum
- Polyethylene terephthalate (PET)
By Packaging Format:
- Bags
- Pouches
By Filling Process:
- Cold Fill
- Aseptic Fill
- Ambient Fill
By Application:
- Home care
- Personal care
- Healthcare
- Others (Chemical)
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
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