In 2023, the market for steel drums and IBCs is projected to reach a valuation of US$ 13,995.9 million worldwide. By 2023, the market is projected to grow at a compound annual growth rate (CAGR) of 4.5%, reaching US$ 21,735.2 million. This growth trajectory reflects the persistent demand for steel drums & IBCs across various …
Monthly Archives: March 2024
Polypropylene Packaging Films Market is Projected to Reach at a US$ 54022.3 Million by 2033 | FMI
The market for polypropylene packaging films is anticipated to grow from its estimated US$ 31314.94 million in 2023 to US$ 54022.3 million by 2033. The United States, China, India, and the United Kingdom are expected to emerge as the main producers of polypropylene packaging films, with a consistent compound annual growth rate (CAGR) of 5.6%. …
Unlocking Opportunities in the Carbonate Minerals Market: Reach US$ 80,508.3 Million by 2029
Widespread usage of paper in the fast moving consumer goods (FMCG) sector boosts the growth of the paper industry, which eventually leads to escalation of demand for carbonate minerals that are used in manufacturing paper. Registering revenues of more than US$ 53 Billion in 2022, the global carbonate minerals market is projected to exhibit a …
Pre-Insulated Pipe Market Set to Surge US$ 10.6 Billion by 2033
Pre-insulated pipes are designed to efficiently transport fluids while minimizing heat loss or gain. The Pre-Insulated Pipe Market is poised for substantial expansion in the coming years, with forecasts indicating a potential valuation of US$ 10.6 Billion by 2033. This growth trajectory is underpinned by a projected Compound Annual Growth Rate (CAGR) of 5.7%. Several …
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Unlocking Growth in the Cooling Water Treatment Chemicals Market: Capitalizing on the Power and Food & Beverage Industries
During the forecast period 2023-2033, the cooling water treatment chemicals market is expected to grow at a value of 6% CAGR, according to Future Market Insights. By the year 2033, the global market for cooling water treatment chemicals is expected to rise up to a market valuation of US$ 12,614 Million. Increasing demand from the …
Batters and Coatings Market Up to Reach US$ 670.1 Million by 2032 Attractive Investment Opportunity in Plant-Based, Nutritious Products
The batters and coatings market size is set to be valued at US$ 670.1 Million by 2032 and is projected to reach US$ 403.6 Million in 2022. The market is anticipated to grow at a CAGR of 5.2% in the forecast period from 2022 to 2032. Compared to animal products, plant-based products are healthier and safer. One of the major global market drivers for batters and …
Condition Monitoring Service Market Growth: Industry worth US$ 9.7 billion by 2033
Condition monitoring service refers to the process of regularly evaluating the condition of machinery, equipment, or assets to identify any potential issues or abnormalities that could lead to failure or downtime. It involves the use of various techniques and technologies to assess the health and performance of critical components, such as motors, pumps, bearings, and …
Global Lithotripsy Devices Market Poised for Significant Growth at a CAGR of 4.9% by 2032
The global lithotripsy devices market is projected to witness significant growth, expanding at a CAGR of 4.9% and reaching a valuation of US$ 2.4 Billion by 2032, up from US$ 1.4 Billion in 2021. This growth is attributed to the rising prevalence of urolithiasis (kidney stones) and the increasing demand for minimally invasive procedures among …
Coil Coatings: A Market with Huge Potential and Growth Opportunities
The coil coatings market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.7% anticipated until 2033. Forecasted to expand from US$ 5.24 billion in 2023 to US$ 8.29 billion by 2033, this sector is expected to witness significant advancements. This growth trajectory can be attributed to various factors …
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Heavy Duty Corrugated Packaging Market is Projected to Reach at a US$ 34179.75 Million by 2033 | FMI
The heavy duty corrugated packaging market is predicted to register a valuation of US$ 20.9 billion in 2023 and is projected to rise to US$ 34.04 billion by 2033. The market is capturing a CAGR of 5% during the forecast period. The market is influenced by several factors, including: Growing demand for e-commerce: With the rise of e-commerce, …