Amidst the thriving pharmaceutical and cosmetic industries worldwide, the bag-on-valve laminate market is set for significant growth. Valued at US$ 248.80 million in 2024, it is projected to reach US$ 364.70 million by 2034, reflecting a CAGR of 3.90%.
NEWARK, DE / ACCESSWIRE / July 14, 2024 / The packaging sector from the beginning of the century has been looking for new solutions that are not only affordable and durable, but also environmentally sustainable. Bag-on-valve laminates, which have come a long way to become one of the most crucial components in the packaging world, are very likely to shape the future of a wide array of industries.
The bag-on-valve laminate 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.
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Advancements in digital printing technologies and the demand from eco-conscious consumers and businesses for sustainable packaging solutions have the potential to take the market close to US$ 364.70 million by 2034. The market in the same period is very likely to develop at a sluggish CAGR of 3.90%.
"The bag-on-valve market is heavily dependent on the performance of various industries such as pharmaceutical, chemical, food processing, etc. Any disruptions in these industries are very likely to harm the market growth. Manufacturers must, to avoid this reliance, focus on diversifying their customer base and expanding into new industries", says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
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 Korean 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.
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.
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.
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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)
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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