Bag On Valve Products Market, Revenue Share, Key Growth Trends, Major Players, and Forecast, 2020–2027
Rapid adoption in the pharmaceutical and food & beverage industry is the driver for the growth of the market. Bag On Valve Products Market Size – USD 6.44 Billion in 2019, Market Growth - CAGR of 6.7%, Market Trends – High demand for medicinal packaging. The global Bag On Valve Products market is forecast to reach USD 10.49 Billion by 2027, according to a new report by Reports and Data. Bag-on-valve (BOV) technology is considered to be rapidly increasing in the packaging of various personal care, pharmaceutical, and home care products. This technology also offers a significant advantage for aerosol products that require contactless dispensing. Due to the longer shelf life, the need for fewer or no preservatives, bag-on-valve technology is widely used in food and beverages, cosmetics, and pharmaceutical packaging. Several key food companies are implementing bag-on-valve technology for packaging sauces, oils, and other liquid and creamy products. This is likely to...