The global kraft paper market is predicted to grow at a CAGR of 2.2% and reach a value of US$19.82 billion by 2032, compared to its current value of US$15.94 billion. Kraft paper is gaining popularity as a packing material due to its minimal environmental impact. It is produced using the kraft process and various …
Monthly Archives: June 2023
2032 Cellulose Fiber Market: Sustainable Solutions for a Greener Future
The global cellulose fiber market is projected to grow at a CAGR of 4.2% from 2022 to 2032. The market is estimated to be valued at US$3,825.6 million in 2022 and is expected to reach US$5,772.7 million in 2032. The growth of the market is driven by major corporations transitioning towards eco-friendly and biodegradable fibers. …
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2032 Sterile Rubber Stopper Market: Safeguarding Quality and Ensuring Pharmaceutical Purity
The global sterile rubber stoppers market was valued at US$2.1 billion in 2022 and is projected to reach US$3.5 billion by 2032, with a CAGR of 6-7% between 2022 and 2032. Sterile rubber stoppers are used as seals for pharmaceutical and medical containers such as ampoules and vials. They are lightweight alternatives made from materials …
2030 Confectionery Flexible Packaging Market: Unleashing Innovation and Driving Sweet Success
The confectionery flexible packaging market for sweets is expected to grow to $5.9 billion in 2022, with a projected CAGR of 3.2%. By 2030, the market for flexible packaging for sweets is anticipated to reach $7.6 billion. The growth in demand for confectionery flexible packaging is driven by factors such as improved food processing, increasing …
2032 Tapes Market: Unveiling Promising Growth Opportunities and Emerging Trends
According to the given information, the tapes market is expected to grow at a CAGR of 4.8% during the anticipated period, driven by the demand for masking and pressure-sensitive tapes. This growth follows a previous CAGR of 3.4% from 2015 to 2021, which was fueled by new market entrants and product developments that increased consumer …
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Tumble Dryer Market is Anticipated to Reach US$ 20.14 Billion by 2032
The tumble dryer market is expected to reach US$ 20.14 Billion in 2032 and is likely to surge at a CAGR of 2.6% during the forecast period of 2022 – 2032 This Tumble Dryer market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with …
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Sustainable Packaging Solutions and Growing E-commerce Sector Boost Plastic Corrugated Sheets Market to Reach US$ 2.60 billion by 2033
FMI analysis of the plastic corrugated sheets market is well-founded. The expected growth of the market, with a projected CAGR of 6.2% and reaching a value of US$1.42 billion by 2023 and US$2.60 billion by 2033, highlights the positive outlook for this industry. The increasing use of plastic corrugated sheets in various applications such as …
Smart Locks Market is Projected to Register a CAGR of 18% Through 2032, Says FMI
The global smart locks market size was worth US$ 3.2 billion in 2022, and it is expected to grow at a CAGR of 18% to reach US$ 16.8 billion by 2032. Residential owners’ attraction to not having to carry around mechanical keys is predicted to result in a spike in smart lock sales. The demand for smart locks is increasing globally due to …
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Robust Industrial Automation and Logistics Sector Propel Stretch Wrappers Market to Surpass US$ 710.4 million by 2031
That’s a great analysis of the factors driving the growth of the stretch wrappers market. The expanding e-commerce sector, increasing demand for automated packing solutions, and the cost-effectiveness of stretch wrapping are indeed significant drivers in this industry. The growth of the e-commerce sector has created a need for efficient packaging solutions that can protect …
Increasing Productivity and Cost Efficiency Fuel Collation Shrink Films Market, Projected to Reach US$ 6.5 billion by 2030
Geographically, North America is the largest collation shrink films market, followed by Europe and Asia Pacific. In North America, the United States is a key contributor to market growth, driven by the strong presence of the food and beverage industry, as well as the expanding e-commerce sector. Europe is witnessing steady growth in the collation …