The hermetic packaging industry is on an upward trajectory, projecting a robust 4.2% CAGR between 2023 and 2033. This growth is expected to propel the market value to an impressive US$ 5.2 billion by the conclusion of 2033, significantly surpassing the 2023 valuation of US$ 3.4 billion. Beyond its applications in the electronics and semiconductor …
Monthly Archives: December 2023
Sodium Nitrite Market Surges to US$ 612.09 Million by 2032, Fueled by Escalating Demand for Processed Meat Products
The global sodium nitrite market is poised to achieve a valuation of US$ 612.9 million by the culmination of 2032, with a projected average Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period from 2022 to 2032. In 2022, the market is expected to reach an estimated US$ 401.76 million. The market’s upward …
Late Stage Chronic Kidney Disease Therapeutics Industry Embarks on an 11.6% CAGR Journey through 2032-FMI Projection
The expected global late stage chronic kidney disease therapeutics industry share in 2019 was US$ 4.7 billion. However, the global market for treatments for late-stage renal disease is anticipated to reach US$ 11.1 billion in 2027 and expand at a strong CAGR of almost 11.6% over the course of the forecast period due to the …
BOPA Film Market: Soaring Growth at a CAGR of 5.30% by 2034 | FMI
The BOPA film market, known for its versatility and high-performance characteristics, is poised for substantial growth with an anticipated CAGR of 5.30%. Projections indicate a significant rise in market value from US$ 1,130.8 million in 2024 to a robust US$ 1,899.7 million by 2034. The industry, valued at US$ 1,072.3 million in 2023, is set …
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Plywood Market Anticipates a 6.00% CAGR Amidst Robust Construction and Infrastructure Development from 2023 to 2033
The global plywood market is poised for substantial growth, with a projected worth of US$ 85,460.08 million in 2023, set to further expand to an impressive US$ 1,53,045.99 million by 2033. This robust trajectory indicates a Compound Annual Growth Rate (CAGR) of 6.00% during the forecast period from 2023 to 2033. The optimistic outlook is …
Surging Demand Propels High Pressure Pumps Market Toward US$ 4 Billion by 2033: Addressing Energy and Water Need
The global high pressure pumps market value is estimated to reach US$ 2.8 billion in 2023. Global demand for high pressure pumps is predicted to increase at 3.5% CAGR in the forecast period. By 2033, the overall market valuation is set to reach US$ 4.0 billion. Dynamic pressure pumps will dominate the global market throughout the forecast period. This is due …
Synthetic Paper Market Soars: Anticipated CAGR of 6.2% by 2032 | FMI
The global synthetic paper market is primed for substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 6.2%. The market’s value is forecasted to witness a significant upswing, rising from US$ 1,002.7 million in 2023 to a projected US$ 1,724.6 million by the year 2032. This trajectory underscores the expanding demand for synthetic …
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Pharmaceutical Boom Propels Magnesium Carbonate Sales, Forecasting a 4.7% CAGR by 2032
The magnesium carbonate market is poised for substantial growth, with sales projected to surge at a Compound Annual Growth Rate (CAGR) of 4.7% by the year 2032. This upward trajectory can be attributed to the escalating demand for magnesium carbonate, a versatile compound integral to the manufacturing of magnesium oxide, as well as its widespread …
Rigid Packaging Containers Market Forecasted to Reach US$ 308.7 Billion by 2032 | Report By FMI
Projected for robust growth, the global rigid packaging containers market is poised to achieve a market valuation of US$ 208.6 billion in 2022. Over the forecast period, a steady Compound Annual Growth Rate (CAGR) of 4.0% is anticipated, propelling the market to reach an impressive US$ 308.7 billion by 2032. This growth trajectory underscores the …
Wrapping Success: Meat Packaging Films Market Set to Hit US$ 7 Billion by 2031
The meat packaging films market is on a trajectory of robust growth, with projections indicating its potential to reach a market value of approximately US$ 7 billion by the year 2031. This growth is expected to be sustained at a commendable Compound Annual Growth Rate (CAGR) of more than 5% during the assessment period spanning from 2021 …
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