Bag-on-Valve Laminate Market

Bag-on-valve Laminate Market Outlook from 2024 to 2034

In light of booming pharmaceutical and cosmetic industries in the world, the bag-on-valve laminate market is penned in to experience a surge. The USD 248.80 million industry in 2024 is slated to reach USD 364.70 million by 2034, registering at a CAGR of 3.90%.

Attributes	Details
Market Value for 2024	USD 248.80 million
Projected Market Value for 2034	USD 364.70 million
Value-based CAGR of the Market for 2024 to 2034	3.90%

Bag-on-valve Laminate Industry Analysis

• With improved advantages over traditional aerosol packaging methodologies, the applications of bag-on-valve (BOV) laminates have started to spread across a wide array of sectors and industries, primarily in the global packaging sector.
• Ongoing push toward sustainability, both in the industry as well as individually, has also put tremendous pressure on the BOV laminates’ manufacturers. Compared to conventional aerosol packaging, these laminates offer reduced propellant use, extended product shelf life, and improved product preservation.
• Products these days, also have to change international boundaries, thanks to the emergence of e-commerce in developing and developed regions. This has forced manufacturing companies to package their products in BOV laminates that offer superior protection against external factors such as air, moisture, and UV light.
• Expanding pharmaceutical and healthcare sectors, along with personal care, medical, household, food, and automotive sectors are also generating excellent demand for BOV laminates due to their versatility, product protection, and convenience.
• BOV laminates still face a substantial plunge due to its intricate manufacturing process. This is primarily due to the multiple layers of materials and specialized equipment involved in the manufacturing of these containers.
• For small to medium-sized enterprises, installing BOV laminate packaging mean that they have to spend a substantial amount of their limited financial capital on new machinery, operators, maintenance, and training. This creates a sense of hesitancy in adopting this technology in these companies.

Consumption Analysis of Bag-on-valve Laminates

• Demand for BOV laminates is observed to be touching the skies in personal care products, such as aerosol sunscreen, shaving gel, deodorants, and hair styling products.
• Booming medicare and healthcare sector also generates significant clamor for BOV laminates for medical sprays, wound care products, nasal sprays, and topical treatments.
• With the booming automotive and industrial sector, the sales of BOV laminates are skyrocketing for packaging tire inflators, lubricants, and cleaning solutions, as well as adhesives and sealants.
• The pharmaceutical sector also utilizes BOV packaging for wound care sprays, topical treatments, oral care products, etc. This packaging ensures precise dosing and hygiene.

Category-wise Insights

BOV Laminate Bags Receives More Acclaim Compared to Pouches

Bag-on-valve laminates come in two variants, as per the recent packaging trends in the international marketplace: bags and pouches. Among these, BOV laminated bags are expected to hold a market share of 75.90% in 2024.

Attributes	Details
Packaging Format	Bags
Market Share (2024)	75.90%

• Burgeoning packaging sector globally is generating huge demand for BOV laminated bags as they are compatible with various filling processes, such as cold fill, aseptic fill, and ambient fill.
• These bags are highly sustainable as they use less propellant and can be filled with eco-friendly formulations. Thus, their demand is nutria in various end-use industries.

Aseptically Filled BOV Laminates to Bring Revolution in the Packaging Industry

Advancements in packaging methodologies have led to the advent of various filling methods such as aseptic fill, cold fill, and ambient fill. The aseptic fill segment is anticipated to hold a market share of 40.10% in 2024.

Attributes	Details
Filling Process	Aseptic Fill
Market Share (2024)	40.10%

• Aseptically filled BOV laminates are gaining prominence in industries where the sterility of products throughout the filling and sealing stages remains one of the most crucial components.
• This type of filling extends the shelf-life of the products as compared to conventional packaging methods, which is an important factor in industries such as pharmaceuticals, dairy products, beverages, etc.

Country-wise Insights

As per the ongoing market trends, the demand for BOV laminates is observed to be the highest in Asian countries. This demand is attributed to the emerging e-commerce sector, China’s dominance in the pharmaceutical and chemical sectors, a booming cosmetic sector in South Korea, etc. The growth rates for some of the prominent countries in this industry are mentioned below.

Countries	CAGR (2024 to 2034)
India	6.00%
China	4.60%
Thailand	4.30%
South Korea	2.30%
Spain	2.10%

India’s Food and Beverage Industry to Benefit the BOV Laminate Market

The bag-on-valve laminate market in India is slated to grow at a CAGR of 6.00% for the period of 2024 to 2034.

India is a haven for the food and beverage sector, primarily due to its enormous population and growing younger generations. This has also pushed an excellent demand for BOV laminates as they are convenient, hygienic, and offer extended shelf life for a variety of food and beverage products. These bags are used as convenient packaging solutions in the food and beverage industry for sauces, condiments, cooking oils, beverages, and dairy products. Thus, the market’s progression in India is rapid.

China’s Chemical Sector Dominance Profits the BOV Laminate Market

China is also considered a lucrative country in the bag-on-valve laminate market. The market is penned in to grow at a CAGR of 4.60% through the forecast period in China.

Each year, China, alone, contributes nearly forty percent to the overall market valuation of the global chemical sector. This dominance in the sector generates a huge demand for bag-on-valve laminates as they are used in packaging cleaners, solvents, lubricants, adhesives, and sealants.

Thailand’s Massive Hospitality Sector Generates Huge Demand for BOV Laminates

The bag-on-valve laminate market in Thailand is also a promising one. It is slated to grow at a CAGR of 4.30% through 2034.

A substantial part of Thailand’s GDP comes from its tourism sector. Every year, millions of foreigners visit the country in droves to enjoy its serene beauty and lush beaches. This cyclic migration automatically generates huge demand for BOV laminates as they are often used in hospitality amenities such as toiletries, cleaning supplies, and room fresheners.

Booming Cosmetics Industry in South Korea Shapes the BOV Laminates Market

The South Korea box-on-valve market is marked to flourish in the coming years. It is slated to grow at a CAGR of 2.30% through 2034.

The cosmetic industry in South Korea, thanks to its innovative product development, advanced technology, and a strong emphasis on skincare, has experienced tremendous growth in the past few years. This massive growth in the South Korean cosmetics industry is generating huge demand for BOV laminates as they are used in packaging various cosmetic products lotions, creams, serums, sunscreens, and hair care products.

Ripe Fruit Processing Industry to Fuel BOV Laminates Market in Spain

The future of Spain’s BOV laminate market also looks very bright. The market is slated to grow at a CAGR of 2.10% through 2034.

Spain’s geolocation in the proximity to the Mediterranean countries has helped its processed fruit and vegetable industry to flourish. These industries significantly use BOV laminates to package a variety of processed fruit and vegetable products such as fruit juices, purees, sauces, and canned vegetables.

Competitive Landscape

The bag-on-valve laminate market is a well-established one with the presence of a multitude of companies in the international marketplace. Some of the key companies in the market are Aptar Group, Amcor plc, Precision Valve Corporation, TUNAP Group, Lindal Group, Summit Packaging Systems, Gualapack S.p.A., Coster Tecnologie Speciali S.p.A., Gualapack S.p.A., etc.

These companies, due to the ongoing sustainable trends among the general populace, are focusing on curating packaging solutions that are not only environmentally sustainable, but also affordable to small-sized enterprises. They are also embracing innovations in digital printing technologies to enhance their brand value.

Recent Developments

• In June 2023, ITC Engage unveiled its eco-friendly Engage L'amante Luxury Perfume Sprays in India. Featuring innovative Bag-on-valve technology, the perfume combines futuristic fragrances with an environmentally conscious propellant, setting a new standard in the perfumery landscape.
• In February 2024, Aptar CSP Technologies, one of the key companies in the bag-on-valve laminates market, collaborated with ProAmpac to introduce ProActive Intelligence Moisture Protect (MP-1000), a high-performance, moisture-absorbing flexible packaging solution.
• In April 2018, Starlinger delivered its 100th lamiTEC coating and laminating machine to Fatima Packaging Limited in Pakistan, marking a milestone in the company's history.

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.

Key Coverage in the Bag-on-valve Laminate Market

• Emerging Bag-on-valve Laminate Trends Analysis
• Ongoing Innovations in Bag-on-valve Laminate Market Assessment
• Overview of Advantages of Bag-on-valve Laminate over Conventional Aerosols
• Overview of Aseptic Filled Bag-on-valve Laminates Growth
• Top Bag-on-valve Laminate Brands in India Coverage

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material
  • 5.1. Polypropylene (PP)
    • 5.1.1. Oriented Polypropylene (OPP)
    • 5.1.2. Cast Polypropylene (CPP)
  • 5.2. Aluminum
  • 5.3. Polyethylene terephthalate (PET)
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Packaging Format
  • 6.1. Bags
  • 6.2. Pouches
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Filling Process
  • 7.1. Cold Fill
  • 7.2. Aseptic Fill
  • 7.3. Ambient Fill
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 8.1. Home care
  • 8.2. Personal care
  • 8.3. Healthcare
  • 8.4. Others (Chemical)
• 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 9.1. North America
  • 9.2. Latin America
  • 9.3. Western Europe
  • 9.4. Eastern Europe
  • 9.5. South Asia and Pacific
  • 9.6. East Asia
  • 9.7. Middle East and Africa
• 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 17. Key Countries Market Analysis
• 18. Market Structure Analysis
• 19. Competition Analysis
  • 19.1. Aptar Group
  • 19.2. Amcor plc
  • 19.3. Precision Valve Corporation
  • 19.4. TUNAP Group
  • 19.5. Lindal Group
  • 19.6. Summit Packaging Systems
  • 19.7. Gualapack S.p.A.
  • 19.8. Coster Tecnologie Speciali S.p.A
  • 19.9. Chicago Aerosol, LLC
  • 19.10. Wipf Doypak
  • 19.11. Farrag Packaging
• 20. Assumptions & Acronyms Used
• 21. Research Methodology