Bag on Valve Technology Market To Reach USD 503.2 Million By 2027 | AptarGroup, Inc., Coster Tecnologie Speciali S.p.A.

Global Bag on Valve Technology Market Witnesses Upward Trend with Increasing Investment in R&D

SEATTLE, WA, US, January 21, 2022 /EINPresswire.com/ -- Global Bag on Valve Technology Market Witnesses Upward Trend with Increasing Investment in R&D , The bag on valve technology (BOV) is a cutting-edge packaging solution that allows for precise dosing.

In terms of revenue, the global bag on valve technology market is expected to reach around US$ 503.2 million by the end of 2027, with a CAGR of 2.9 percent over the forecast period (2019-2027).

Market Overview:

Bag-on-valve is a one-way dispensing system that separates the product and propellant. The bag-on-valve system is built around an aerosol spray valve welded to a sealed poly-laminated aluminum bag. It is used for packaging for liquid or viscous products. The gas used in the bag on valve package system is usually Nitrogen or compressed air.

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Competitive Landscape:

Major players operating in global bag on valve technology market include, AptarGroup, Inc., Coster Tecnologie Speciali S.p.A., Chicago Aerosol LLC, Exal Corporation, KOH-I-NOOR Mlada Vozice a.s, LINDAL Group Holding GmbH, Precision Valve Corporation, Summit Packaging System, Inc., Shanghai Golden Aerosol Co., Ltd., and TOYO & DEUTSCHE AEROSOL GMBH.

Key Market Drivers:

Increasing investment in R&D is expected to propel growth of the global bag on valve technology market over the forecast period. For instance, in 2018, Lindal Group started a new application laboratory for bag-on-valve technologies in Briey, France.

Covid-19 Impact Analysis

Globally, as of 5:58pm CET, 15 December 2021, there have been 270,791,973 confirmed cases of COVID-19, including 5,318,216 deaths, reported to WHO. As of 13 December 2021, a total of 8,200,642,671 vaccine doses have been administered. The pandemic has affected almost every industry, and the long-term effects are projected to impact growth of the global bag on valve technology market.

Key Takeaways

Major players operating in the global bag on valve technology market are focused on launching new products to expand their product portfolio. For instance, in August 2021, Aptar Food + Beverage announced that its recyclable SimpliCycle valve will be launched within new Kraft Heinz Ketchup packaging.

Major players operating in the global bag on valve technology market are also focused on expanding production capabilities to enhance their market share. For instance, in September 2021, LINDAL Group announced the opening of its new state-of-the-art, 12,000 sqm facility in São Paulo, Brazil.

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Bag on Valve Technology Market insights will help businesses in a variety of industries increase their revenue impact:

» Creating a framework for assessing the appeal of different products, solutions, and technologies in the Bag on Valve Technology Market; assisting stakeholders in identifying key problem areas related to their global Bag on Valve Technology market consolidation strategies; and delivering solutions.

» Bag on Valve Technology : market supply-side analysis, as well as promising synergies for top players looking to maintain market dominance.

» The most recent market research A Bag on Valve Technology market survey is also available, which covers 20+ countries and key categories and provides an outlook.

» The study also includes insights and forecasts on Bag on Valve Technology market drivers, trends, and influencing factors.

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➤ How does the economy deal with changes in the value of other businesses?

➤ Who are the key players in the current market, and what are their prospects for total sales growth?

➤ What applications are expected to perform well in the coming year?

➤ What are the global Bag on Valve Technology market trends, challenges, and significant competition?

➤ What are the major outcomes and end effects of the industry's strengths analysis?

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➸ The competitive landscape has shifted dramatically in the last three years as a result of new developments, strategies, and market share gains by key players.
➸ Companies that offer a diverse range of services, such as financial data, current events, SWOT analyses, and strategy development.

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