The smart packaging market may be worth US$ 24.6 billion in 2023 and US$ 38.3 billion in 2033. The smart packaging industry is expanding at a CAGR of 4.5% over the anticipated time frame. Increasing the shelf life and traceability of food products through the use of smart packaging may have a favorable effect on the market …
Monthly Archives: August 2023
Versatility and Precision Propel Demand: Sliding Injection Molding Machines Vital for Complex Geometries in Automotive, Electronics, and Medical Sectors
The sliding injection molding machines market is anticipated to be worth US$ 383.3 million. It is set to exhibit an average CAGR of about 3.9% from 2023 to 2033. The global market is expected to be valued at US$ 261.4 million in 2033. Automotive sliding injection molding machines are a key driving force behind growth in the …
Rising Demand for Environmentally Friendly Printing Solutions Propels Growth of Water-Based Inks Market with Novel Techniques and Formulations
The water-based inks market is projected to reach a value of US$ 9,120.0 million in 2023 and is expected to exceed US$ 12,415.0 million by 2033. The market is capturing a CAGR of 3.1% during the forecast period. Water-based inks are gaining popularity as a sustainable alternative to solvent-based inks due to their environmental friendliness. Drivers for …
Steady Growth Trajectory Ahead: India’s Steel Drum and IBC Markets Projected to Surge at 4.6% and 3.8% CAGRs, Top 5 Players to Dominate
In the dynamic landscape of India’s industrial market, the steel drum and Intermediate Bulk Container (IBC) sectors are poised for substantial growth. With an estimated valuation of US$ 281.2 million for steel drums and US$ 170.5 million for IBCs in 2023, these markets are projected to experience impressive expansions over the next decade, soaring at …
Sterilants Market Soars: Anticipated CAGR of 6% Propels Industry to US$ 4.24 Billion by 2033 | Reveals by FMI
The Sterilants Market is expected to grow from US$ 2361.627 million in 2023 to US$ 4244.1 million by 2033. During the analysis period, this market is expected to grow at a CAGR of 6%. Industries and healthcare facilities must follow the sterilization process. In the sterilants market, effective and compatible sterilants or sporicidal agents have been demanded …
Electric Bike Market to reach US$ 150.01 Billion Share by 2033 | Future Market Insights, Inc.
The Electric Bike Market is anticipated to thrive at a steady CAGR of 10.2% between 2023 and 2033. The market is expected to have a market share of US$ 150.01 Billion by 2033, while it is likely to be valued at US$ 56.79 Billion in 2023. Key Points: The United States market leads the North …
FMI Study Forecasts Antibiotics’ Active Pharmaceutical Ingredients Market to Expand at 3.3% CAGR, Surpassing US$12 Billion by 2033
The worldwide market for Antibiotics’ Active Pharmaceutical Ingredients (APIs) is predicted to achieve a worth of US$8,653.0 million in 2023, with a projected escalation to US$12,002.3 million by 2033. This growth trajectory indicates a trailing Compound Annual Growth Rate (CAGR) of 3.3% throughout the forecast duration. The World Health Organization (WHO) states that bacterial pneumonia …
Bicycle Components Aftermarket Comprehensive Research Study and Strong Growth in Future by 2033
The Bicycle Components Aftermarket in 2022 was US$ 14 Billion and is estimated to be US$ 14.62 Billion in 2023. According to FMI analysis, the bicycle components aftermarket is projected to expand at a CAGR of 6.9% between 2023 and 2033, totaling around US$ 28.3 Billion by 2033. The surge in demand for bicycle components …
Driving Forces: Exploring the Surging Demand for Golf Carts Across Recreation and Business Sectors
The golf cart market is projected to rise from US$ 1.41 billion in 2023 to US$ 2.07 billion by 2033. According to FMI, the sales of golf carts are predicted to expand at a CAGR of 3.9% during the forecast period. Key Takeaways from the Golf Cart Market: The United States holds a significant market …
Centrifugal Blood Pump Market Surges to a Remarkable US$184.5 Million by 2033, Fueled by a Consistent 4.0% CAGR | FMI
In 2023, the global Centrifugal Blood Pump Market achieved a market valuation of US$ 124.6 million. Projections indicate that the market will witness continuous expansion, reaching a noteworthy US$ 184.5 million by the end of 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period from 2023 to 2033. …