As per Future Market Insights (FMI), the demand for jute bags is projected to increase due to their biodegradability, durability, low cost and sustainability. Sales of jute bags are projected to increase at a steady pace over the forecast period (2022-2032). Growth in the market is underpinned amid rising application of jute bags for a variety of …
Monthly Archives: September 2022
Thermal Labels Market is expected to attract a lucrative investment opportunity of US$ 1,420.5 Mn during 2022-2032
The global thermal labels market is slated to grow by 4.8% CAGR as demand for eco-friendly packaging solutions grows across various industries. As per Future Market Insights (FMI), the increasing awareness among the masses and suppliers regarding sustainability is leading to shift towards environment-friendly packaging solution including thermal labels. According to the study, direct thermal labels will …
Envelope Market is expected to reach US$ 2.0 Bn in 2022, likely to surge at a vigorous 3.0% CAGR
The global envelops market will total US$ 2.5 Bn by 2032. In the envelope paper business, eco-friendly glassine packaging is gaining traction. Glassine has a number of advantages that are attracting the attention of both producers and customers. Glassine envelopes, for example, are developed by JBM Packaging, a specialist in seed envelopes and seed packs, to meet …
The India Bags Market is expected to grow by 1.8x during the forecast period, from 2022 to 2032
By 2022, it is anticipated that the global bag market will be worth US$ 33.5 billion, growing at a CAGR of 3.9% from 2022 to 2032. In 2022, plastic bag sales will meet 70% of the market’s demand globally, according to FMI. However, growing public awareness of the harm that plastics use does to the environment is …
Unidirectional Tapes Market is estimated at US$ 203.5 Mn in 2022, likely to surge at a vigorous 10.6% CAGR
The Unidirectional Tapes Market revenue is estimated to reach US$ 203.5 Million by 2022, according to Future Market Insights (FMI). The overall unidirectional tapes market is expected to reach US$ 559.3 Million by 2032, growing at a CAGR of 10.6% for 2022-32. The automotive and aerospace & defense industries support the market growth by exhibiting consistently high demand for unidirectional tapes. Furthermore, the …
Food Trays Market is expected to reach US$ 1.0 Bn in 2022, likely to surge at a vigorous 4.6% CAGR
The food tray market size stood at US$ 1.0 Bn in 2021 and is expected to total US$ 1.7 Bn by the year 2032, accelerating at a CAGR of 4.6% from 2022 till 2032. Due to the advent of appealing, user-friendly applications, and tech-enabled driver networks, as well as evolving customer expectations, ready-to-eat food delivery has emerged as a vital business. Surge in …
Pails Market will consistently Gain from Suring Plastic Pails Sales, Exhibiting 4.3% CAGR through 2032
Future Market Insights (FMI) has predicted the pails market to register 4.3% CAGR between 2022 and 2032. Overall sales of pails is slated to total US$ 2.91 Bn by the end of the assessment period. The consistently rising demand for plastic pails is expected to create conducive environment for the global pails market growth. Plastic pails are …
Rigid Intermediate Bulk Containers (RIBC) Market size is projected to reach US$ 16.7 Bn in 2022, expanding at a steady 5.8% CAGR
The adoption of intermediate bulk containers offers improved performance and cost effectiveness as compared to traditional containers, which in turn is driving the expansion of the market. As per FMI, total sales in the RIBC market are projected to represent 72% of the global intermediate bulk container market worth US$ 23 Bn in 2022. With a favorable demand outlook, Asia Pacific that …
Pallets Market is expected to reach a valuation of US$ 6.0 Bn in 2022, expanding at 5.6% CAGR over the forecast period
Growth is attributable to the increasing consumption of pallets in food & beverages, pharmaceuticals, automotive sector. Consumer inclination towards product safety, bulk load transportation with minimum efforts, and easy inventory tracking is expected to boost the market. The global pallets market is expected to reach a valuation of US$ 6.0 Bn in 2022, expanding at 5.6% CAGR over the forecast period. Pallets …
Global sales of Bag Closure Clips are projected to exhibit a CAGR of 5.6% over the forecast period 2022-2029
The market for bag closing clips is expected to reach US$ 194.7 million in 2022 and US$ 304.8 million in 2029, growing gradually at a CAGR of 5.6%. In 2021, sales of bag closure clips were around 1.2% of the worldwide plastic closures market. The use of bag clips is expanding in the food business. The visibility …