The edible films and coatings market is anticipated to expand from US$ 2,210.0 million in 2023 to over US$ 4,871.0 million by 2033 at a CAGR of 8.2%. This growth is primarily driven by increasing consumer demand for sustainable and eco-friendly packaging solutions. Edible films and coatings offer an attractive alternative to traditional packaging materials, reducing environmental impact and aligning with the …
Monthly Archives: July 2024
Frozen Food Packaging Market to Grow at a CAGR of 8.3% by 2033: Consumer Demand, Technology, and Sustainability
The frozen food packaging market is projected to be valued at US$ 900 million in 2023 and grow to US$ 2.0 billion by 2033. The market is estimated to capture a CAGR of 8.3% during the forecast period. This growth is driven by several key factors, including increasing consumer demand for convenience and ready-to-eat meals, advancements in packaging technology, and heightened awareness of …
Drivers Behind the Growth of the Plastic Rigid IBC Market: Estimated to Register a CAGR of 4.9% by 2033
During the forecast period, the plastic rigid IBC market is expected to maintain a steady Compound Annual Growth Rate (CAGR) of 4.9%, projecting an estimated value of US$ 5.9 billion in 2023, with the potential to grow to US$ 9.5 billion by the year 2033. The increasing demand for efficient and cost-effective bulk packaging solutions in various industries, including chemicals, food and …
Global Metalized Barrier Films Market to Reach US$ 2.9 Billion by 2034 Amidst Growing Food and Beverage Industry
The global metalized barrier films market size was valued at US$ 2.3 billion in 2024 and is anticipated to reach US$ 2.9 billion by 2034. The market is estimated to witness a CAGR of 2.7% from 2024 to 2034. The globalization of the food and beverage industry and emergent health concerns among consumers have led to a shift in the market. The major …
Global Car Security System Market to Hit USD 40 Billion by 2033, with a CAGR of 11.4% | FMI Reports
The global car security system market is anticipated to attain a valuation of USD 13.5 billion in 2023 and is expected to reach USD 40 billion by 2033, trailing a CAGR of 11.4% during the forecast period. The market demand is driven by the enforcement of strict vehicle security regulations by governments and the continuous …
Global Dual Clutch Transmission Market to Reach USD 53,209.75 Million by 2034, with a CAGR of 11.51% | FMI Reports
The dual-clutch transmission market is likely to thrive at a CAGR of 11.51% during the forecast period. The market is anticipated to cross a market share of USD 53,209.75 million by 2034, while it holds a revenue of USD 17,900 million in 2024. The market demand for dual clutch transmission rises with the companies adopting …
Global Aircraft Cabin Interior Market is Estimated to be Worth USD 37.6 Billion by 2033, with a CAGR of 6.1% | FMI Reports
The global aircraft cabin interior market is anticipated to attain a valuation of USD 20.7 billion in 2023 and is estimated to reach USD 37.6 billion by 2033, and is likely to increase at a CAGR of 6.1% during the forecast period. In recent years, there has been a significant increase in long-haul flights, which …
Automotive Wire & Cable Material Market to Hit USD 12,020.1 million by 2033, with a CAGR of 6.9% | FMI Reports
The automotive wire & cable material market value is forecast to increase from USD 6,207.6 million in 2023 to USD 12,020.1 million by 2033. Over the assessment period, the demand for automotive wire & cable materials is projected to surge at a CAGR of 6.9%. The increasing trend toward electric cars (EVs) is a key …
Global Automotive Lead Acid Battery Market Set to Reach USD 47 Billion by 2033, with a CAGR of 5.2% | FMI Reports
The global automotive lead acid battery market is anticipated to attain a valuation of USD 28.24 billion in 2023 and is expected to reach USD 47 billion by 2033, expanding at a CAGR of 5.2% from 2023 to 2033. The surging popularity of electric vehicles and the growing utilization of uninterrupted power supply for critical …
Forecasting the Future: Off-Highway Vehicle (OHV) Telematics Market to Reach USD 2154.3 Million by 2033, with a CAGR of 16% | FMI Reports
The off-highway vehicle (OHV) telematics market is expected to be valued at USD 488.3 million in 2023, rising to USD 2154.3 million by 2033. The off-highway vehicle (OHV) telematics market is predicted to develop at a 16% CAGR between 2023 and 2033. The forecast for the OHV telematics market remains positive, mostly due to the …