With a predicted CAGR of 5.5 percent from 2022 to 2029, the global market for compostable foodservice packaging is expected to reach US$ 19.9 billion in sales in 2022 and US$ 28.8 billion by 2029. Trays and cups are expected to make up more than 45 percent of the total biodegradable foodservice packaging sold worldwide in 2022, …
Monthly Archives: September 2022
Nutraceutical Packaging Market is estimated to be valued at US$ 3.6 Bn in 2022
Global consumption of nutraceutical packaging currently accounts for a net worth of US$ 3.6 Bn, and is slated to expand at a CAGR of 5.4% to reach a market valuation of US$ 5.2 Bn by 2029.Substantial rise in health consciousness on a global level has majorly influenced packaging for nutraceuticals as these products are now being served to a larger demographic on …
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Worldwide Oxy-Fuel Welding Equipment Market Is Anticipated To Have A Moderate 6.4% CAGR | 2022-2032
The global oxy-fuel welding equipment market is anticipated to have a moderate 6.4% CAGR, capturing a revenue share of US$ 1474.6 million in 2022, to reach US$ 2734.5 million by 2032. The oxy-fuel welding process is a welding technique utilizing a compressed mixture of high energy density fuel and oxygen to generate a flame capable of elevating the temperature of the material …
Global Timber Wrap Films Market is estimated to reach US$ 445.4 Mn at the end of 2022
The global timber wrap films market is set to be worth US$ 445.4 Mn in 2022, and is projected to expand at a CAGR of 4.3% to top a valuation of US$ 601 Mn by 2029. Future Market Insights delivers vital insights on the timber wrap films market in its published report, titled “Timber Wrap Films Market: Global Industry Analysis 2014-2021 and Opportunity Assessment …
Worldwide Bag Closure Market Sales are valued at around US$ 205 Mn for 2022, at 5.7% CAGR
For 2022, the estimated global sales of bag closures are 205 million dollars. By the end of 2030, the market for bag closures is anticipated to grow at a CAGR of 5.7 percent and reach US$ 311 Mn. The preference of consumers for reusable food packaging has led to a rise in the need for bag …
Machine Glazed Paper Market is slated to reach over US$ 18.9 Bn by the year 2030
The market for machine-glazed paper is anticipated to surpass US$ 18.9 billion by 2030, growing at a respectable CAGR of 4.5 percent between 2022 and 2030. Machine glazed paper is heavily used to produce bags and pouches, pouches, wraps, trays, cups and bowls, coating and lamination, and other products in prominent verticals like food, drinks, healthcare, building …
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Market For Ceiling Cassettes In North America Exhibited Growth At 1.5% CAGR And Is Estimated To Foresee A Y-O-Y Growth Of 4.2% In 2022
The North America ceiling cassette market is expected to grow at a CAGR of 4.8% in the forecast period (2022-2032) and reach a valuation of US$ 3,427.1 Mn by the end of 2032. Rapid development of urban areas in North America and ongoing technological advancements in the field of air conditioning are projected to drive the market. Besides, urgent need for energy-efficient …
Diesel Engine Management System Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032
The global diesel engine management systemdemand is anticipated to increase at a CAGR of around 5% to 7% CAGR during the forecast period between 2022 and 2032. Growth in the market is driven by rising production and sales of diesel vehicles along with growing need for improving engine performance. Diesel engine management system has become an important part …
Aluminum Extrusions Market is expected to rise at a CAGR of 4.4% to reach US$ 163.2 Bn by 2029
Aluminum extrusion consumption accounted for approximately 65% market share of the global aluminum market in 2021.Over 2022-2029, the global aluminum extrusions market revenue is anticipated to grow at a CAGR of 4.4%, according to the report of Future Market Insights (FMI). Curtain walls and door & window profiles will remain the highest selling product category, whereas building & …
APAC currently dominates the Carbon Black for Packaging Market, with almost half of the global value
Future Market Insights (FMI) in its recent edition of the study provides in-depth insights into the global carbon black for packaging market. As per the report, the market will exhibit year-on-year growth of 3.2% in 2021 to total 148,844 tones. The growth can be attributed to increasing demand for packaging of electrical and electronic products. The Europe market is …