Bag-on-Valve Laminates Market

Key Questions Answered in Bag-on-Valve Laminates Report

• Market estimates and forecast 2015-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Bag-on-Valve Laminates Market and How to Navigate
• Recommendation on Key Winning Strategies

How Does Bag-on-Valve Market Future Outlook Compares with Historical Growth?

Bag-on-valve laminates with their applications in the packaging industry expanded at ~3.2% CAGR between 2016 and 2020. The increasing applications of the bag-on-valve laminates in the personal care, home care, and healthcare markets has propelled its growth across the globe. The growth of these industries is anticipated to boost the global bag-on-valve laminates market during the forecast period achieving an estimated CAGR of ~5.5%.

Traditional packaging in the form of aerosols is being shadowed by the new and advanced bag-on-valve packaging. The extensive list of clienteles of aerosols primarily belongs to home care, personal care and healthcare industries.

These are also some of the industries in which bag-on-valve packaging is gaining momentum. The packaging solutions offers benefits such as ease of dispensing, maximum utilization of the content, and comparatively safer packaging option to the end users.

These benefits have been encouraging some of the key industries to embrace he bag-on-valve laminates for the packaging of their products to maintain their competitive edge and satisfy increasing consumer demand.

How Does Increasing Popularity of Natural and Herbal Cosmetics Affect Bag-on-Valve Laminates Sales?

As a result of the growing awareness regarding the harmful side effects of chemical-based cosmetic products, the consumption of natural and herbal cosmetic products is on a growth trajectory.

According to a report by Breast Cancer Prevention Partners (BCPP), there can be hundreds of toxic chemicals hidden under the label by the name of fragrance on any personal care or beauty products.

Risks involved in using chemical-based cosmetic products can be allergies, irritation, and contact dermatitis among others. These risks are almost nullified in the herbal and natural cosmetics products as they are commonly made from organic ingredients derived from the nature.

Bag-on-valves is a preferred choice for packaging natural cosmetics as there is no need to mix hydrocarbon-based propellants with the product for dispensing and the laminates to enhance the shelf life of the products.

The natural cosmetic industry has embraced bag-on-valve laminates packaging for many products, which is further intensifying the demand for bag-on-valve laminates.

How Does Growing Demand for Safe Packaging of Sterilized Products Bolster Growth?

A diverse range of healthcare products such as wound washes, nasal sprays, sanitizers, and others are packaged using bag-on-valve technology. In these products, the contents must remain uncontaminated even after multiple uses.

A bag-on-valve packaging dispenses only the required quantity in a continuous flow from the packaging and the remnant product is unaffected by any environmental factors, keeping the original integrity of the content safe.

Bag-on-valve laminates also are gaining popularity in the packaging of veterinary products for their ability to efficiently dispense the contents at any angle even when they are held upside down which reduces the difficulties for the pet owners while the application of products on pets.

The mechanism also helps in reducing the wastage. All these factors are contributing to bolstering the growth of bag-on-valve laminates market.

How Will the Availability of Traditional Packaging Alternatives Limit the Bag-on-Valve Laminates Market Growth?

Currently, the aerosol market offers a range of products that are widely used in several industries and are comparatively economical than the bag-on-valves. In the home care and personal care industries manufacturers use traditional packaging alternatives like aerosol cans, plastic containers and tin containers for their product since they can be easily sourced and the packaging technology is common.

Manufacturers working at a small to medium scale level are hesitant towards adopting bag-on-valve packaging technology as it is still in the budding stage and requires constant innovations in its applications.

This makes the packaging solution vulnerable to technological transitions and adopting it could necessitate costly upgrades to the machinery. It will take some time for the bag-on-valves laminates to penetrate the market and replace the traditional packaging alternatives. But with increasing consumer demand, the market is anticipated to expand soon.

How is Food and Beverage Industry Accelerating Growth in the Market?

The increasing demand for efficient packaging of food and beverage is resulting in creating opportunities for bag-on-valve packaging among manufacturers. Products such as cooking oils, vinegar, liquid flavorings, sauces, and others are packaged using bag-on-valve laminates to offer consumers optimal dispensing experience.

Spillage and wastage issues faced by end users is resolved by the packaging solution as it continuously dispenses the product without the need of pumping or shaking action and empties almost 98% of the product contents.

There are still many applications of the bag-on-valve packaging in the food and beverage industry which are in the pipeline and will soon hit the market, simultaneously accelerate the growth prospects for the bag-on-valves laminates market.

Country-wise Insights

Will Growing Cosmetics Industry Drive Sales in Germany Bag-on-Valve Laminates Market?

Germany is second-leading market for bag-on-valve laminates in Europe after Russia. Its valuation is expected to surpass US$ ~10 Mn in 2021.

The cosmetics industry in Europe has consistently grown in the past 10 years. The increasing consumer preference towards high-end cosmetic brands and the growing consciousness about appearance among the millennial populations are few factors driving growth in Germany.

As stated by Cosmetics Europe a Europe based personal care association, in 2019 Germany emerged as the largest national market for cosmetics and personal care products, with a valuation of US$ ~17 Billion.

The extensive applications of bag-on-valve laminates in the personal care and cosmetics industries and presence of several bag-on-valve laminates manufacturers across Germany are propelling the demand in the country.

How Big is the U.S. Bag-on-valve Laminates Market?

In North America, the U.S. dominates the bag-on-valve laminates market with exceptional market share of ~89% in the year 2020. As per the FMI analysis, the U.S. is projected to exhibit increasing demand for bag-on-valve laminates for the next 10 years.

The strong desire for an exceptional healthcare system in the U.S. and favorable state policies have bolstered the growth of the healthcare industry in the country. According to the Organization for Economic Co-operation and Development (OECD), in 2019 the U.S. recorded the highest per capita healthcare spending globally, totaling US$ 11,072.

High spending on healthcare and consumer awareness are anticipated to create attractive opportunities for the growth of the bag-on-valve laminates in the country.

Is Rapidly Evolving Healthcare Industry Supporting Growth in India?

The India bag-on-valve laminate market is expected to reach a valuation of US$ 12 Mn in 2021. In the bag-on-valve laminates market, the healthcare industry is one of the key sectors, exhibiting significantly high consumption.

As per the India Brand Equity Foundation (IBEF), the Indian healthcare market is expected to reach US$ 372 billion by the year 2022. The growing healthcare infrastructure in the country in both urban and rural areas is creating growth opportunities for the market.

The consistently evolving healthcare industry and promising government policies are some of the factors offering revenue-generating opportunities for bag-on-valve laminates manufacturers.

Why are Bag-on-Valves Laminate Manufacturers Eyeing China?

The China market is expected to rise at 7.6% CAGR between 2021 and 2031. Owing to the huge industrial and infrastructural growth China holds the dominant market share of ~64% of the bag-on-valve laminates market in East Asia.

Bag-on-valve laminates which are integral to the bag-on-valve packaging system, vary according to the packaging requirement of the product content. The packaging machinery infrastructure in China is comparatively advanced and is known for its easy adaptation to new technology in comparatively less time.

Manufacturers in various industries are interested in the China market for two main reasons - the cost for manufacturing is drastically reduced and the increasing population offers a vast consumer pool for a variety of products.

Additionally, China offers access to cheap labor and lower raw material costs. To avail these benefits several manufacturers in the bag-on-valve laminates market are eyeing China.

What Factors are Augmenting the Growth of Bag-on-Valve Laminates in Canada?

As per FMI, the Canada bag-on-valve laminates market size is expected to reach US$ 5.7 Mn in 2021. In Canada, the bag-on-valve laminates market is showing great potential owing to several factors.

Consumers in Canada is driven towards the use of high-end personal care and home care products. The country is witnessing a surge in the demand for consumer goods in the past 5 years and it is anticipated to maintain the growth rate.

Consumers are readily accepting the bag-on-valve packaging and as a result, many players across the globe are launching their products packaged in bag-on-valve in the Canada market.

Category-wise Insights

Why Aluminum Laminates More Preferred as Materials? 

The aluminum segment is expected to reach US$ 50 Mn in 2021. As per the FMI analysis by material, the use of aluminum is growing at a comparatively higher rate than other materials.

Increasing restrictions and regulations implemented globally on the usage of plastics has compelled manufacturers to increase the utilization of aluminum for bag-on-valve laminates.

Aluminum has higher barrier strength and the ability to withstand the pressure from the propellants between the laminate and outer container making it a favorable choice. On the back of these factors, aluminum is anticipated to grow at a CAGR of 6.2% during the forecast period.

Why are Bags Preferred as Packaging Format for Bag-on-Valve Laminates?

On the back of its comparatively superior benefits, bags hold over ~75% of the market in terms of packaging format. Leading as well as small scale bag-on-valve laminates manufacturers have a preference towards bags among the two types of packaging format.

Bags in comparison to pouches simplifies the manufacturing processes as they can be easily sterilized and are commonly available in a wide range of sizes. As a result of these factors, the target segment is estimated to gain maximum market share and is expected to hold over 3/4th portion of the total bag-on-valve laminates market concerning the packaging format segment.

Why are Aseptic Filling Process Enjoying High Demand?

The constant support of the rapidly evolving healthcare industry has led the aseptic fill process to its current market size of US$ 84.5 Mn. The aseptic filling process segment is leading the filling process segment in the bag-on-valve laminates market.

The expansion of the healthcare and personal care industries serve have been creating the demand for aseptic fill process in the market. The process involves sterilizing the packaging materials and then filling the content into the package in a sterile environment.

This heavily increases its applications in the healthcare and personal care sectors. The aseptic fill process is estimated to hold over 42% of the total market share in terms of filling process.

Which is the Key Applications of Bag-on-valve Laminates? 

As per FMI, the healthcare segment will account for over 35% of sales in the market by 2031. The rising demand for safe and efficient packaging of a variety of healthcare products and increasing consumption of over the counter items like nasal sprays and wound washes is fuelling the growth in this segment.

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Competitive Landscape

Leading bag-on-valve manufacturers are committed to the research and development of the product and are consistently offering innovative applications of for many industries.

Some of the leading companies operating 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
• Chicago Aerosol, LLC
• Wipf Doypak
• Farrag Packaging
• KOH-I-NOOR Mladá Vožice a.s.

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of the Report

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Bag-on-Valve Laminates Market by Category

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)