The global market for bag on valve technology is being divided by the rising awareness about its cost-effectiveness amongst consumers and manufacturers. Consumers are showing a strong inclination toward bag on valve technology as a packaging solution as it minimizes product wastage, thereby ensuring complete value for money.
Thus, this technology is being used for several high-end products. Yet another noticeable benefit working in favor of the global market is minimal to Zero amount of contamination. This technology separates the product and the propellant due to its airless bags and packaging methods.
The demand for bag on valve technology uses compressed air or the nitrogen as propellant, which reduces carbon footprint to the large extent. Also, the technology prevents contact between oxygen and the product, which keeps the colors and fragrances stable for the longer period of time. The product is enhanced and it is thus marketable for the longer period. Thus, the bag on valve technology is perceived as the “value for money” packaging solution among consumer and manufacturer, which is expected to increase globally during the forecast period of 2014-2025.
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The easy availability of these traditional packaging materials and their convenient and familiar usage continues to make them a preferred choice amongst several industries. The global bag on valve technology market is also being discouraged by the high cost involved in its production. However, a growing pharmaceutical industry is expected to provide a wide range of freedom to this market in the coming years. The market will also witness substantial growth due to changes in industrial environments in the coming few years.
Bag on Valve Technology Market is segmented By Product Type into Aerosol B.O.V., Standard B.O.V., and Non-Spray/Low Pressure B.O.V. Bag on Valve Technology Market is segmented By Value Type into Male Value, Female Value. Bag on Valve Technology Market is segmented By Container Type into Aluminum, Tin Plate, Steel, and Plastic. Bag on Valve Technology Market is segmented By Capacity Type into Below 30ml, 30ml-100ml, 100ml-275ml-500ml, above 500ml. Bag on Valve Technology Market is segmented By Application Type into Cosmetics & Personal Care, Pharmaceuticals, Home care, Food & Beverages, Automotive & Industrial. Bag on Valve Technology Market is segmented By Geographical Region into North America, Latin America, Europe, Asia-Pacific (APAC), and Middle East & Africa (MEA).
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