DUBLIN–(BUSINESS WIRE)–The "Bag On Valve Technology – Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Bag On Valve Technology estimated at US$391.1 Million in the year 2020, is projected to reach a revised size of US$520.9 Million by 2027, growing at a CAGR of 4.2% over the analysis period 2020-2027.
Aerosol B. O. V, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$260.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Standard B. O. V segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
The U. S. Market is Estimated at $115.2 Million, While China is Forecast to Grow at 4% CAGR
The Bag On Valve Technology market in the U.S. is estimated at US$115.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$92.4 Million by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Non-spray/Low Pressure B. O. V Segment to Record 3.5% CAGR
In the global Non-spray/Low Pressure B. O. V segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$83.3 Million in the year 2020 will reach a projected size of US$106.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$58 Million by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Aptargroup, Inc.
- Chicago Aerosol LLC
- Coster Technologie Speciali SpA
- EXAL Corporation
- KOH-I-NOOR Mlada Voice a. s.
- Lindal Group Holding GmbH
- Precision Valve Corporation
- Summit Packaging Systems
- Toyo & Deutsche Aerosol GmbH
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Bag On Valve Technology Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
- Total Companies Profiled: 43
For more information about this report visit https://www.researchandmarkets.com/r/2l7tnb
Laura Wood, Senior Press Manager
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