As per the study at Future Market Insights, the hospitality staffing market is valued at US$ 971.3 billion in 2022 and is expected to reach US$ 1886.6 billion by 2032, growing at a 6.5% CAGR. The driving growth of the hospitality staffing market is attributed to the recovering hotel industry, new tourist spots opening up, high discounts …
Monthly Archives: May 2023
Oven Market is Projected to Surpass US$ 4,519.9 Million by 2032
The oven market is poised to reach a valuation of US$ 2,801.4 Million in 2022. Sales are projected to increase at a 4.9% CAGR, with the market size reaching US$ 4,519.9 Million by 2032. Ovens are designed to cook and heat food & baked goods more quickly. Time-restrictions to cook fresh food each time is becoming challenging due to odd working hours and …
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Folding IBCs Market Set to Reach US$ 527 Million by 2027, Driven by Growing Demand for Portable and Cost-effective Bulk Liquid Storage
The folding intermediate bulk containers (IBCs) market, which includes flexible IBCs, is projected to experience significant growth in the coming years. By 2022, it is estimated to reach US$418 million and is expected to reach US$528 million by 2027, with a compound annual growth rate (CAGR) of 4.8%. This growth is attributed to various factors …
Gusseted Bags Market to Witness Substantial Growth, Projected to Reach US$ 26 Billion by 2026,
The gusseted bags market is expected to experience slow but steady growth, with a projected compound annual growth rate (CAGR) of 2.8% during the forecast period. By the end of 2026, the market is estimated to generate sales of US$26,008.8 million. Gusseted bags are known for their versatility in packaging. While they were originally used …
Global Specialty Films Market to Reach US$ 28 billion by 2026, Driven by Increasing Demand for High-Performance Films in Packaging, Electrical
The specialty films market is projected to experience significant growth from 2022 to 2026, with a compound annual growth rate (CAGR) of 4.9%. This growth can be attributed to several factors driving the increased demand for specialty films. One key driver is the rising utilization of barrier films in food and pharmaceutical packaging. These films …
Metalized Barrier Films Market Poised to Surpass US$ 3,463.1 million by 2032, Driven by Increasing Applications in Food Packaging
According to the information provided in the statement, the global metalized barrier films market was valued at US$ 1.97 billion in 2021. It is projected to reach a value of US$ 3.47 billion by the end of 2032, with a compound annual growth rate (CAGR) of 5.3% from 2022 to 2032. The increasing usage of …
Bag-in-Tube Market Expected to Reach US$ 17.8 Million by 2029, Driven by Growing Demand for Innovative and Premium Packaging Solutions
The bag-in-tube market is expected to experience significant growth as a single-use packaging technology, particularly in the field of wine packaging. According to a Future Market Insights analysis, the global bag-in-tube market is projected to grow at a staggering compound annual growth rate (CAGR) of over 13.1 percent between 2022 and 2029. There are several …
Gummed Tapes Market to Register Impressive Growth, Estimated to Reach US$ 1.9 Billion by 2031, Fueled by Rising Demand for Eco-friendly and Secure Packaging
The gummed tapes market size is projected to experience a compound annual growth rate (CAGR) of approximately 6.2% during the period from 2021 to 2031. According to a recent forecast, it is predicted that the sales of gummed tapes will almost double between the years 2021 and 2031. The gummed tapes market is predicted to grow significantly …
Micro Perforated Films Packaging Market to Witness Robust Growth, Projected to Reach US$ 2.28 billion by 2033
The micro perforated films packaging market is anticipated to expand at a CAGR of 4.5% between 2023 and 2033, possibly reaching US$ 1.46 billion in 2023 and surpassing US$ 2.28 billion by 2033. With the growing population and ever-increasing demand for fresh food, the market is significantly expanding. The demand for freshly packaged food is …
Filament Tapes Market Expected to Reach US$ 6.6 Billion by 2026, Driven by Growing Demand for High-strength and Secure Packaging Solutions across Various Industries.
The global filament tapes market is currently valued at approximately USD 4.9 billion in 2022. Based on projections, it is expected to grow at a compound annual growth rate (CAGR) of 7.8% from 2022 to 2026, reaching a market value of USD 6.6 billion by 2026. Filament tapes are widely used in various industries due …