New Product Development
As per an exhaustive analysis by FMI, the global submersible pumps market is poised to total US$ 14.45 Billion by 2031 in comparison to the US$ 8.42 Billion registered in 2020. Increasing demand for submersible pumps from construction, mining, and oil & gas industries is favoring the growth in the market. Driven by this, the market is expected to expand at a …
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The global market for food packaging was estimated to be worth $319 billion in 2021, growing 4.8% year over year. Sales of food packaging are anticipated to grow at a strong CAGR of 5.3%, valued at US$563 billion by the end of 2032. The food packaging market is a rapidly growing industry, driven by the …
At a CAGR of 5.6% from 2022 to 2032, the worldwide tableware market is anticipated to surpass US$ 76.8 billion in 2032 and reach an estimated value of US$ 44.5 billion in 2022. The tableware market refers to the sales and distribution of various types of dishes, utensils, and other items used for serving and …
Continue reading “Tableware Market Size to Reach US$ 76.8 billion by 2032 | CAGR of 5.6%”
Technological advancements and rising penetration of artificial intelligence have paved the way for increased sales of robotic lawn mowers, since they have become much more efficient. Rising dependency on automation in the commercial sector to decrease operating costs and increasing adoption of domestic robots for residential applications are major factors estimated to drive the growth …
The market for wooden cutlery is anticipated to be worth US$ 184.4 million in 2022 and US$ 245 million by 2028, growing at a CAGR of 4.8% during the forecast period. The wooden cutlery market is a rapidly growing industry, driven by increasing consumer demand for eco-friendly and sustainable products. Wooden cutlery is an alternative …
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The plastic cutlery market is anticipated to grow at a CAGR of 4% over the course of the forecast period, rising from US$ 1.6 billion in 2021 to US$ 2.47 billion in valuation by 2032. Due to increasing competition, it is predicted that the plastic cutlery market would exhibit encouraging development prospects over the forecast …
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The value of the pharmaceutical plastic bottle market is expected to increase from US$35.8 billion in 2023 to US$97.1 billion or more by 2033. This is anticipated to increase market share and post a CAGR of 10.5% from 2023 to 2033. Due to the rising demand for the storage and distribution of medications, pharmaceutical packaging …
In the current market scenario, prominent manufacturers are focusing on R&D activities for developing smart sub-meters in order to cater to several applications. Smart sub-meters help reduce electrical leakages and power cuts, and provide accurate consumption data to customers. Global value of the electric sub-meter market was US$ 9.74 Bn in 2021, and is projected to follow …
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A new Future Market Insights (FMI) study suggests that the CBRN Protection Equipment Market is expected to reach US$ 5,717.0 Mn in 2022, likely to surge at a vigorous 5.5% CAGR during the assessment period. The greater emphasis of governments on enhancing the safety of military forces constitutes a major push for to global sales of CBRN protection equipment. Increasing …
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Witnessing the industry’s much anticipated shift from the traditionally preferred gypsum board to sustainably superior spray foam, the global air barrier market value will exceed US$ 16,932.8 Mn by 2022 end. A recent research study of Future Market Insights (FMI) suggests that the overall growth of the market for air barrier will be moderate during the period of …
