The global mesh bag market is on the brink of reaching a substantial valuation, projected to reach US$ 1.5 billion by 2023. The growth is primarily driven by the burgeoning interest and insights surrounding the mesh bag market. The trend is expected to open doors to new opportunities within the market, with a projected CAGR of 3.2% from 2023 to 2033. …
Monthly Archives: April 2024
Unlocking the Potential of Semiconductor Fabrication Materials: A Market Poised for Explosive Growth
Revenue from the global semiconductor fabrication materials market is projected to increase from US$ 47.2 billion in 2023 to US$ 87.9 billion by 2033. According to Future Market Insights, the market would grow at a CAGR of 6.4% between 2023 and 2033. The global market is driven by optoelectronic devices and wireless technologies. The demand for …
High Demand for Sustainable Packaging Solutions Drives Old Corrugated Containers Market | Says FMI
The global old corrugated containers (OCC) market size is estimated to be valued at US$ 41.4 billion in 2023. Old corrugated container sales are anticipated to reach US$ 65.7 billion by 2033. The market will likely expand at a CAGR of 4.7% during the forecast period 2023 to 2033. Corrugated packaging producers are embracing sustainability by utilizing recycled materials to craft new containers. …
European Union Tourism Market: Poised to Reach US $1262.97 Billion by 2032
The European union tourism market whose worth, as of 2022, was US$ 585 Billion, is anticipated to rise at a CAGR of 8%, with a target valuation of US$ 1262.97 Billion by 2032. Considered to be a destination for travelers of any kind, and beautified with some glorious places, the European Union tourism market is expected to increase. The European Union …
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E-Commerce Boom: Driving Growth in the Packing Box Market, Reach at a US$ 230.37 Billion by 2033
The packing boxes market is forecasted to exhibit a 5% CAGR through 2033, as per FMI’s analysis. The industry’s size is predicted to extrapolate from US$ 141.44 billion in 2023 to US$ 230.37 billion by 2033. The packing box market is experiencing a significant shift driven by the rise of e-commerce. With the convenience of shopping from home and a plethora of …
Driving Automotive Innovation: Prepreg (Pre-Impregnated Composite Fibers) Market Set to Reach US$ 23.4 Billion by 2033
The global prepreg (pre-impregnated composite fibers) market size is likely to be valued at US$ 8.2 billion in 2023. The increasing application of prepreg (pre-impregnated composite fibers) in the automotive sector due to reducing the weight of the component is driving the market growth. The market is estimated to garner US$ 23.4 billion in 2033, recording a …
E-Rickshaw Market on Track for US$ 27.5 Billion Valuation by 2032, CAGR 31.8%
The global E-Rickshaw market is worth US$ 1.7 Billion as of now and is expected to reach US$ 27.5 Billion by the year 2032 at a smashing CAGR of 31.8% between 2022 and 2032. E-rickshaws are at a lower risk of mishaps in comparison with cycle rickshaws and traditional rickshaws; as fuel or peddling is …
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United States Car Rental Industry: Revving Up for Growth at a CAGR of 4.9% by 2034
The United States car rental sector revenue is projected to total US$ 33,775.8 million in 2024 and US$ 54,249.5 million by 2034. Over the forecast period, global demand for car rentals in the United States is poised to expand at a 4.9% CAGR. Several factors are expected to drive growth in the United States car rental business through 2034. These include the rising need for convenient and …
Rising Demand, Rising Concerns: Trends and Challenges in the Packing Tape Market | Says FMI
According to the FMI analysis report, the global demand for packing tape market is expanding rapidly and is expected to witness a 4.8% CAGR from 2023 to 2033. With this growth trajectory, the overall market value could soar from US$ 22.8 billion in 2023 to an astonishing US$ 36.5 billion by 2033. The adoption of packing tapes is hindered by environmental changes, posing …
Electric Vehicle Battery Housing Market to surpass US$ 24,219.1 Million by 2033
According to ESOMAR-certified Future Market Insights’ (FMI) – Over the forecast period, the global electric vehicle battery housing market is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Million in 2023. The market is anticipated to reach US$ 24,219.1 Million by 2033. Consumer acceptance of electric …
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