As per ESOMAR-certified consulting firm Future Market Insights’ (FMI’s) recent market analysis, growth is on the cards for the global automated guided vehicles (AGV) market. The report forecasts the market valuation to reach US$ 996 Million in 2021, growing at an impressive 7.9% CAGR through 2031. Rapid urbanization and adoption of industrial automation within logistics, transportation, and healthcare industry across …
Monthly Archives: May 2023
Turbofan Engines Market is expected to see a growth of 17.2% during the forecast period
The turbofan engines market is expected to be worth US$ 1.05 billion in 2022. The industry increased by 6.3% year on year over the last year. Turbofan Engines sales are expected to grow at a CAGR of 17.2% from 2022 to 2032, reaching a value of US$ 5.1 billion by the end of 2032. Demand for …
Peripheral Intravenous Catheter Market is anticipated to reach US$ 11.03 billion by 2032
Global Peripheral Intravenous Catheters Market Demand is predicted to expand 7.2% year on year to US$ 11.03 billion by 2032, Wide adoption of catheterisation techniques in patient examination, diagnosis, and treatment is anticipated to fuel the demand for PIVC. Rising disease prevalence will play a key role in driving the market growth. North America is …
Surgical Stapling Devices Market is anticipated to reach US$ 6.2 billion by 2031, at a CAGR of 8.4%
According to Future Market Insights, global Surgical Stapling Devices Market demand is increasing in tandem with the world’s ageing population. Surgical Stapling Devices take less time to close wounds, and their accuracy and precision make them ideal for healing wounds in elderly patients. The global Surgical Stapling Devices Market was valued at US$ 2.9 billion …
Explosive Growth in Trays Market: Global Sales to Surpass US$ 31.5 Billion by 2032
Because they are affordable, lightweight, and durable, trays are frequently utilised as major packaging materials by food chains, eateries, pharmaceutical companies, etc. These are the main factors influencing the trays market. The trays market is expected to grow globally between 2022 and 2032 at a CAGR of 7.3%. The market is expected to increase in …
Rapid Surge in Packaging Supplies Market: Expected to Reach US$ 399.5 billion by 2032
According to the study conducted by FMI, the packaging supplies market is projected to be valued at US$ 248 billion in 2022 and is expected to reach US$ 399.5 billion by 2032, growing at a CAGR of 4.9%. The expansion of new markets, particularly in the e-retail sector, has led to increased demand for various …
Booming Demand for Eco-friendly Packaging: Molded Fiber Bowls Market to Exceed US$ 297.2 million by 2032
The information you provided highlights the projected growth and drivers of the global molded fiber bowls market. Molded fiber bowls have gained popularity in the foodservice sector due to their convenience, affordability, and eco-friendly nature. The market is expected to reach a valuation of US$ 196.9 million in 2022, with sales growing at a 4.2% …
Rising Popularity of BOPP Bags: Global Market to Reach US$ 28 billion by 2032
The global BOPP bags market is expected to grow at a CAGR of around 4% to 5% between 2022 and 2032, with sales estimated to reach US$ 28 billion by 2032. BOPP bags, made from biaxially oriented polypropylene, offer superior durability and recyclability, which has led to increased demand in industries such as food and …
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Revolutionary Advancements in Medical Technology Propel Plasma Bottle Market is estimated to project growth at a CAGR of around 4% to 5% during 2022 to 2032
The global plasma bottle market is expected to experience steady growth during the period from 2022 to 2032, with a projected CAGR of around 4% to 5%. This growth can be attributed to the increasing focus on the development of innovative sterile medical packaging solutions for the storage of body fluids, particularly plasma, in various …
Stretch Sleeve Labels Market Expected to Reach US$ 11.8 Billion by 2032, Driven by Growing Demand for Flexible and Cost-effective Packaging Solutions in Various Industries.
Stretch sleeve labels are a particular kind of pre-printed label that adheres to containers without the need of adhesives. According to their specifications, these stretch sleeve labels are created from various plastic materials, including polythene terephthalate glycol (PETG) and others. Numerous businesses, including those in the food, beverage, pharmaceutical, personal care & cosmetics, homecare, and …