The bag-on-valve laminates market is poised for a commendable growth trajectory between 2022 and 2031, with a projected Compound Annual Growth Rate (CAGR) of 5.4%, ultimately reaching US$372 million. This market, valued at over US$219 million in 2019, is anticipated to experience a remarkable CAGR of approximately 5.5% during the forecast period, primarily propelled by the burgeoning personal care and pharmaceutical industries.
The intensely competitive nature of the personal care and pharmaceutical sectors has led to a continuous quest for innovative packaging solutions. The bag-on-valve technology has emerged as one such solution, witnessing significant growth as key players adopt it to enhance consumer experiences. Future Market Insights (FMI) anticipates a comprehensive analysis of market dynamics, considering industry factors and specific influences such as high protection expenses and the availability of alternatives that could impact market growth.
Recent advancements in the bag-on-valve technology include its compatibility with eco-friendly air or nitrogen, making it fully recyclable. In April 2022, Aptar Group’s investment of around US$44 million in expanding its industrial site in France reflects the industry’s commitment to innovation and growth. FMI’s analysis suggests a surge of 300 basis share points (BPS) in H1-2022 compared to H1-2021, and a further 30 BPS change is expected in the projected H1-2022 outlook period.
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- Bag-on-valve (BoV) laminates market is experiencing substantial growth.
- The market is driven by the demand for innovative packaging solutions.
- Bag-on-valve technology offers advantages such as extended product shelf life and controlled dispensing.
- It finds applications in sectors like cosmetics, pharmaceuticals, personal care, and household products.
- Increased consumer awareness about product hygiene and convenience is boosting industry growth.
- Manufacturers are focusing on developing eco-friendly BoV laminates to cater to sustainability demands.
- Continuous advancements in material technologies and packaging design contribute to market expansion.
- The bag-on-valve laminates industry is expected to witness significant growth in the future.
Personal care products are commonly packed in traditional aerosol packaging but with innovation, bag-on-valve packaging has emerged as a preferred solutions. The bag-on-valve packaging system consists of an aluminum or tinplate container, valve, laminate bag, actuator nozzle, and a pressurized propellant such as nitrogen gas or compressed air.
The use of inert gas such as nitrogen or compressed air as propellant makes the product safer by leaps and bounds compared to traditional aerosol packaging that use flammable hydrocarbons as propellants.
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Growth Opportunities in the Bag-on-Valve Laminates Industry:
- Increased Consumer Awareness: Growing awareness among consumers regarding the benefits of bag-on-valve laminates, such as superior product protection, convenience, and eco-friendliness, is expected to drive market growth.
- Rising Demand in Healthcare: The healthcare sector’s increasing preference for bag-on-valve technology in pharmaceutical and medical applications, driven by its aseptic dispensing capabilities, presents a significant growth opportunity.
- Innovation in Packaging Solutions: Continuous innovation in bag-on-valve laminate packaging, including the development of advanced materials and design improvements, is likely to attract new customers and expand the market.
- Global Cosmetic Industry Growth: The cosmetic industry’s inclination towards innovative and efficient packaging solutions, coupled with the aesthetic appeal and functionality of bag-on-valve laminates, is anticipated to boost market growth.
- Expanding Food and Beverage Applications: The adoption of bag-on-valve laminates in the food and beverage industry for products like cooking sprays, whipped creams, and other aerosol dispensing applications is expected to contribute to market expansion.
Industry Trends:
- Sustainable Packaging Solutions: A growing trend in the bag-on-valve laminates market is the emphasis on sustainable packaging materials and practices, driven by increasing environmental concerns and consumer demand for eco-friendly options.
- Technological Advancements: Ongoing technological advancements, such as improved barrier properties, enhanced dispensing systems, and compatibility with a broader range of products, are shaping the bag-on-valve laminates market.
- Regulatory Compliance: Stringent regulations related to packaging materials and product safety are influencing industry trends, with manufacturers focusing on meeting compliance standards and ensuring the safety of bag-on-valve laminate products.
- Customization and Branding: The trend towards customizable packaging solutions and effective branding strategies is gaining prominence in the bag-on-valve laminates market, offering manufacturers opportunities to differentiate their products in a competitive landscape.
- E-commerce Packaging Solutions: The rise of e-commerce has led to an increased demand for secure and efficient packaging solutions, and bag-on-valve laminates are adapting to this trend by providing robust, leak-proof packaging for various products sold online.
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Key Segments:
Material:
- Polypropylene (PP)
- Oriented Polypropylene (OPP)
- Cast Polypropylene (CPP)
- Aluminum
- Polyethylene terephthalate (PET)
Packaging Format:
- Bags
- Pouches
Filling Process:
- Cold Fill
- Aseptic Fill
- Ambient Fill
Application:
- Home care
- Personal care
- Healthcare
- Others (Chemical)
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
Author
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.
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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