New Product Development
The automotive wheel bearing aftermarket is poised for substantial growth, with a projected value of US$ 1,446.20 million in 2023 expected to increase by US$ 2,147.80 million by 2033, reflecting a compound annual growth rate (CAGR) of 4% during the forecast period. Wheel bearings play a crucial role in transmitting power from the driving axle …
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The global plastic market is projected to grow from US$ 712 billion in 2023 to US$ 1050 billion by 2033, with a compound annual growth rate (CAGR) of 4%. Plastic is a synthetic material composed of various organic polymers, additives, and fillers. These polymers are derived from hydrocarbons found in fossil fuels like crude oil …
Continue reading “From Boom to Sustainable: Reimagining the Plastic Market for a Greener Future”
The confectionery packaging market is anticipated to expand its roots at an average CAGR of 4.4% between 2023 and 2033. The market is expected to have a market share of US$ 17.50 billion by 2033 while it is likely to be valued at US$ 11.37 billion in 2023 The latest packaging innovations with the usage …
The worldwide market for nylon films utilized in liquid packaging is estimated to value at US$ 454 million in 2022 and is projected to reach US$ 599 million by 2027, at a CAGR of 5.7% during the forecast period. The ascending trajectory can be attributed to the increasing demand for efficient and sustainable packaging solutions, particularly in the liquid packaging sector. …
The bonded magnet market is set to reach approximately US$ 2,597.40 million by 2024, with expectations of a steady growth trajectory at a CAGR of 4.80% until 2034, surpassing US$ 4,150.99 million. This growth is fueled by the rising demand for miniaturization and lightweight components across industries like automotive, consumer electronics, and medical devices. As …
The gusseted bags market is estimated to exceed US$ 23.2 Billion by 2022. Future Market Insights (FMI) states that the sales of gusseted bags are expected to rise at 2.8% CAGR during the forecast period 2022-2026. Increasing application of gusseted bags across the food and beverage industry is propelling the demand in the market. Gusseted bags are characterized by …
Continue reading “Gusseted Bags Market is Projected to Reach at a US$ 26 Billion by 2026 | FMI”
Future Market Insights projects that the technical textile market will most likely reach US$ 202.93 billion by 2023 and US$ 390 billion by 2033, growing at a CAGR of 6.7%. With the increasing demand for technical textile fiber, the global technical textile market is expected to grow quickly across a variety of end-use industries, including …
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As per a recently published report by Future Market Insights (FMI), sales of PET stretch blow molding machines market are anticipated to reach US$ 760.0 Million in 2023 and exhibit a considerable CAGR of 2.9% from 2023 to 2033. The market is likely to be valued at US$ 978.4 Million by the end of 2033. …
The global potassium formate market is expected to witness substantial growth, with an anticipated valuation of US$ 746.13 million by 2023, projected to reach over US$ 1190 million by 2033, showcasing a robust compound annual growth rate (CAGR) of 4.7% throughout the forecast period. This growth is attributed to increasing demand across various industries such …
The global automotive bioplastics market value is likely to jump from US$ 761.06 million in 2023 to US$ 2,103.28 million by 2033. This estimated growth is expected to be driven by a CAGR of 10.7% in the global automotive bioplastics market over the next decade. Industries like automotive and transport are increasingly using bioplastics to …