The global market for bag on valve technology is being divided by the rising awareness about its cost-effectiveness amongst consumers and manufacturers. Consumers are showing a strong inclination toward bag on valve technology as a packaging solution as it minimizes product wastage, thereby ensuring complete value for money.
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Thus, this technology is being used for several high-end products. Yet another noticeable benefit working in favor of the global market is minimal to Zero amount of contamination. This technology separates the product and the propellant due to its airless bags and packaging methods.
The demand for bag on valve technology uses compressed air or the nitrogen as propellant, which reduces carbon footprint to the large extent. Also, the technology prevents contact between oxygen and the product, which keeps the colors and fragrances stable for the longer period of time. The product is enhanced and it is thus marketable for the longer period. Thus, the bag on valve technology is perceived as the “value for money” packaging solution among consumer and manufacturer, which is expected to increase globally during the forecast period of 2014-2025.
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India too is expected to make a significant contribution to the soaring revenue of the overall market during the forecast period of 2014-2025. Europe’s bag value technology market is expected to show the tremendous progress in the forecast period.
The Key Players include Coster Technologies Speciali S.p.A., AptarGroup, Inc., LINDAL Group Holding GmbH, Precision Valve Corporation, KOH-I-NOOR Mlada Vozice a.s, Summit Packaging System, Inc., Exal Corporation, Chicago Aerosol LLC, TOYO & DEUTSCHE AEROSOL GMBH, and Shanghai Golden Aerosol Co., Ltd.
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