The baking trays and moulds market is expected to experience substantial growth, with an estimated value of US$ 840.9 million in 2023, projected to reach US$ 1,520.3 million in 2033, reflecting a 6.1% compound annual growth rate (CAGR) over the foreseeable future. The increasing popularity of convenience foods is a primary driver behind this expansion, …
Monthly Archives: July 2023
Rising Demand for Eco-Friendly Pyramid Tea Bags Drives Growth in the Global Market
According to a report by Future Market Insights, the pyramid tea bags market is expected to undergo consistent growth from 2023 to 2033, with a projected compound annual growth rate (CAGR) of approximately 4.5%. The increasing popularity of ready-to-drink tea and the awareness of the health benefits associated with tea are key drivers behind the …
Global Stick Packaging Market to Reach US$2.0 Billion by 2032, Driven by Growing Demand for Single-Serve Powder Products
According to a study by FMI, the global stick packaging market is projected to grow steadily at a Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2032, with sales reaching US$2.0 billion by 2032, up from US$1.3 billion in 2022. The top 5 companies are estimated to hold around 20-25% of the market …
Going Strong: Global BOPA Films Market to Reach $1.6 Billion by 2030 Driven by Diverse End-Use Industries
The BOPA films market is expected to grow steadily at a rate of 5.3% from 2022 to 2030, reaching a market value of approximately US$1.6 billion. Composed of biaxially oriented polyamide, these films offer numerous advantages, including lightweight, environmental friendliness, and excellent product protection during transportation. They are particularly suitable for packaging perishable goods, extending …
Rising Demand for Efficient Packaging: Global Micro Flute Paper Market to Reach $4.37 Billion by 2033
The global micro flute paper market is anticipated to witness substantial growth, with a steady CAGR of 5.1% expected from 2023 to 2033. By 2033, the market is projected to reach approximately US$ 4,371.51 million, compared to US$ 2,658.3 million in 2023. This growth is primarily driven by the increasing demand for micro flute paper …
Striking Growth Ahead: Global IV Infusion Bottle Seals & Caps Market Projected to Reach $283.9 Million by 2033
The IV infusion bottle seals and caps market is set to grow steadily at a CAGR of 5.4% from 2023 to 2033, reaching a value of US$ 283.9 million. This growth is fueled by several factors, including the aging population, increased per capita health spending, and rising demand for parenteral packaging solutions. The prevalence of …
Boosting Dairy Industry Confidence: Dairy Testing Services Market to Hit at USD 7.3 Billion by 2032 | Future Market Insights Inc.
The global dairy testing services market is experiencing significant growth due to the increasing demand for safe and quality dairy products. As consumers become more health-conscious, they seek assurance that dairy products comply with stringent safety standards. Dairy testing services play a crucial role in ensuring the absence of harmful contaminants like antibiotics, pesticides, and …
Sustainable Packaging Solutions Drive Global Form-Fill-Seal Films Market to Reach $44.2 Billion by 2033
Form-Fill-Seal Films Market Set for Robust Growth: Driven by Pharma, Cosmetics, and Eco-Friendly Packaging Demand The form-fill-seal films market is poised for significant expansion, with projected valuations of US$26,875.8 million in 2023 and US$44,196.57 million in 2033. The growth is primarily fueled by surging demand in industries like cosmetics, personal care, and pharmaceuticals, with a …
Tapping into Opportunity: Global Growlers Market Set to Reach $726 Million by 2033
The growlers market is projected to grow at a CAGR of 2.7% during the forecast period, reaching a market size of US$ 726 million by 2033, up from US$ 556.2 million in 2023. Changing beer consumption patterns, with a preference for more specialized and expensive alcoholic beverages, are driving the increased use of growlers globally. …
Revolutionizing the Beauty Industry: Discover the Booming Collagen Hydrolysates Market by 2032
The Collagen Hydrolysates Market is witnessing a surge in demand due to the increasing awareness of the health benefits associated with collagen supplements. Collagen is a vital protein that promotes skin elasticity, joint health, and overall well-being. As consumers become more health-conscious, the demand for collagen-based products has soared. The market offers various forms of …