Between 2022 and 2031, the market for bag-on-valve laminates is expected to develop significantly at a CAGR of 5.4%, reaching US$ 372 Mn. The personal care and pharmaceutical industries are expected to support the market for bag-on-valve laminates, which is expected to rise at an astounding CAGR of 5.5% over the course of the forecast period and reach a market value of over US$ 219 Mn in 2019.
In the last five years, the personal care and pharmaceutical businesses have experienced astounding growth. These industries’ markets are fiercely competitive, which leads to continual production.
Key Takeaways from the Market for Bag-on-Valve Laminates
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Demand for Safe Packaging of Sterilized Products to Shape Bag-on-Valve Laminates Market
Manufacturers in the pharmaceutical industry offering products such as nasal sprays and wound cleaners are favoring bag-on-valve laminates packaging, as it is easy to sterilize and a comparatively hygienic form of packaging.
The nasal spray market is anticipated to grow tremendously as it is an effective drug delivery system for the increasing number of cases of asthma, respiratory diseases, and common coughs and cold.
According to the World Health Organization (WHO), out of 93 vaccine trials that are underway, 7 are based on intranasal delivery system. The demand for packaging of these nasal sprays will potentially augment the bag-on-valve laminates sales due to their ability to keep the active ingredient comparatively safer.
Competitive Landscape
Leading bag-on-valve manufacturers are committed to offering innovative applications of the product for many industries. For instance, Amcor Plc., one of the top tier companies in the bag-on-valve laminates market through constant innovation, is offering the product to a large number of industrial applications like pharmaceutical, skin and hair care, cosmetics, home care, etc. This has also opened doors for many other consumer products in the market for packaging in the bag-on-valve.
Furthermore, packaging manufacturers across the continents are also trying to increase their market share across the globe by forming strategic partnerships with the other companies and increasing their market presence across the seven regions.
Key Companies Profiled
Key Segments Covered in Bag-on-Valve Laminates Industry Research
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
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