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DUBAI, U.A.E., June 3, 2021 /PRNewswire/ In its latest report, ESOMAR-certified consulting firm Future Market Insights projects a positive outlook for global bag-on-valve laminate market for the forecast period between 2021 and 2031. The market is expected to rise at 5.5% CAGR over the course of the assessment period.
Traditional packaging of healthcare products such as nasal spray and wound washes are now being done using bag-on-valve packaging. Increasing application of bag-on-valve laminates in diverse end-use sectors such as personal care, healthcare and home care industry is propelling the market growth.
Benefits such as ease of dispensing, maximum utilization of content, and safer packaging option are the factors that are bolstering demand among end users. Growing demand of safe packaging of sterilized products within healthcare industry is providing stimulus to the market.
Demand for Aerosol Packaging Solutions Surging in Personal Care & Cosmetics Industry: Future Market Insights Study
DUBAI, U.A.E., May 27, 2021 /PRNewswire/ ESOMAR-certified consulting firm, Future Market Insights, in a study projects the global aerosol packaging market to exhibit growth at a positive pace through 2021. According to the report, the market is expected to surpass nearly US$ 6.72 Bn in 2021.
Rising demand for incorporating sustainable packaging solutions is primarily underpinning expansion prospects. Furthermore, FMI projects the market to rise at a CAGR of nearly 4.8% between 2021 and 2031.
Rising demand from the personal care & cosmetics industry has prompted the manufacturers to offer sustainable packaging solutions. Hence, increasing investment and rising research & development activities for green solutions are driving the sales of aerosol packaging.