New Product Development
The market for silage bags will likely reach US$ 558 million in 2022 and grow at a CAGR of 4.9% from 2022 to 2032, according to estimates. By 2032, Future Market Insights projects that the market for silo bags will be worth US$ 900.27 Million. For decades, silage or silo bags have been popular in the agricultural …
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The market for UV stabilised films worldwide is anticipated to grow from a worth of US$ 32.7 billion in 2022 to US$ 46.8 billion by the end of 2029, expanding at a CAGR of 5.1% throughout that time. In 2021, sales of UV-stabilized films held a 19% market share worldwide. Sales of UV-stabilized films are anticipated to …
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The viscometer market is projected to reach US$ 300.4 million in 2021, growing at a CAGR of 6.9% between 2021 and 2031. According to Future Market Insights (FMI), the global viscometer market is expected to rise due to the continued expansion of process industries such as chemicals, oil, and lubricants, and the resulting increased demand for viscosity tests. …
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The global straw market stands at a net worth of US$ 18.1 Billion in 2022 and is predicted to rise at a CAGR of 5.9% over the forecast period to attain a valuation of US$ 28 Billion by 2029. This growth can be attributed to the following factors: Smart packaging solutions that use disposable straws for their non-biodegradable nature Available in various shapes, …
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The market for timber wrap films is anticipated to reach a value of US$ 445.4 million in 2022 and is expected to grow at a CAGR of 4.3% to reach US$ 601 million in 2029. In 2021, sales of timber wrap film comprised around 8% of the market for mulch film globally. Over the assessment period of …
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The universal testing machine (UTM) market continues to observe a steady growth rate. Towards the end of forecast period, global universal testing machine market revenues will exceed US$ 590 Mn, as projected by a new Future Market Insights (FMI) report. Owing to their simple test fixture and minimum sample machining requirement, four column testing machines continue to define …
Stretch wraps or shrink films can prove inefficient in protecting the packages completely. As a result, an increasing number of manufacturers are inclined towards automation and reducing labor work as much as possible. As per a new study by Future Market Insights (FMI), this will enable growth in the stretch hood films market, which is expected …
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The formulation development outsourcing market is predicted to account for US$ 66.6 billion in 2032, up from US$ 31 billion in 2021, advancing at a CAGR of 7.2% during the forecast period (2022-2032). The increased R&D costs are expected to increase demand for formulation development outsourcing. Formulation development outsourcing services are widely used by small and medium-sized …
The cable fault locators is projected to increase at a robust 8.5% CAGR by volume between 2022 and 2029 reaching a value of about US$ 784.0 Mn by 2022 end. Handheld cable fault locators currently account for a majority of sales. Continued preference of end users towards these cable fault locators will remain a prominent trend shaping growth of market …
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More than 1.6 million units of paper edge protectors were consumed globally, in 2018, according to a recent research study presented by Future Market Insights (FMI). The FMI report forecasts that the global consumption of paper edge protectors will see approximately 3.4% Y-o-Y growth in 2019. The revenue of paper edge protectors market will be primarily sustained …
