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(Wireless-NewsWire.Com, July 26, 2017 ) According to Publisher, the Global Bag on Valve Technology market is expected to grow from $378.62 million in 2016 to reach $538.47 million by 2023 with a CAGR of 5.2%. Increasing focus on product safety, recent technological advancements, and rapid industrialization are some of the major factors favoring the market growth. In addition, increasing adoption by end users, cost efficient products are other factors fueling the market growth. However, threat from substitute technologies is posing a challenge for market growth.
Asia Pacific is projected to grow at a faster pace during the forecast period. The growth of this region is attributed to rising levels of disposable income, growing adoption rate of bag on technology from the emerging regions such as China, Japan and India. By application, pharmaceutical segment is expected to witness remarkable growth rate over the forecast period.
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Some of the key players in Global Bag on Valve Technology Market include AptarGroup, Inc., Chicago Aerosol LLC, Coster Tecnologie Speciali S.p.A., Exal Corporation, KOH-I-NOOR Mlada Vozice A.S, LINDAL Group Holding GmbH, Precision Valve Corporation, Shanghai Golden Aerosol Co., Ltd., Summit Packaging System, Inc., and TOYO & DEUTSCHE AEROSOL GMBH.
Product Types Covered:
-Standard
-Aerosol
-Non-Spray/Low Pressure
Valve Types Covered:
-Female Valve
-Male Valve
Container Types Covered:
-Tin Plate
-Steel
-Plastic
-Aluminium
Capacity Types Covered:
-Above 500ml
-275ml - 500ml
-100ml - 275ml
-30ml - 100ml
-Below 30ml
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Applications Covered:
-Automotive & Industrial
-Cosmetics & Personal Care
-Food & Beverages
-Home Care
-Pharmaceuticals
Regions Covered:
-North America
- US
- Canada
- Mexico
-Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
-Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- Brazil
- Argentina
- South Africa
- Egypt
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Rajat Sahni
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Source: EmailWire.Com 
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