The global compostable plastic packaging material market was worth USD 1.89 billion in 2023 and is expected to reach USD 3.1 billion by 2033 at a CAGR of 5.2% between 2023 and 2033. With growing awareness regarding environmental hazards related to plastics, consumers are preferring eco-friendly packaging solutions. This is one of the major factors accelerating …
Monthly Archives: August 2024
Modified Starch Market to Grow at 4.7% CAGR, Projected to Hit USD 21,806.2 Million by 2034
The global modified starch market is expected to reach USD 21,806.2 million by 2034, growing at a projected CAGR of 4.7% over the period. In 2024, the market is valued at USD 13,780.3 million. As consumers become more aware of the link between nutrition and overall well-being, demand for modified starches with health benefits is …
Global Dairy Product Packaging Market is Expected to Generate USD 43.1 Billion by 2034: Future Market Insights, Inc.
The global dairy product packaging market value is expected to rise from USD 33 billion in 2024 to USD 43.1 billion by 2034. This estimated growth is expected to be driven by a moderate CAGR of 2.7% in the dairy products packaging industry over the next decade. Within the dairy industry, producers seek to achieve product differentiation via packaging. Increasing …
Canned Foods Industry Growth: Estimated to Hit USD 25.6 Billion by 2033 with 4.2% CAGR
The canned foods market is expected to grow at a moderate CAGR of 4.2% over the forecast period. The market value is projected to increase from USD 17 billion in 2023 to approximately USD 25.6 billion by 2033. Throughout the forecast period, growth in the canned foods industry is expected to be driven by lifestyle …
Gas Cylinder Market to Reach USD 9.4 Billion, Globally by 2034 at 2.1% CAGR: Future Market Insights, Inc.
The gas cylinder market is expected to reach a value of USD 7.6 Billion in 2024, with projections indicating a growth to USD 9.4 Billion by 2034. The market is anticipated to experience a steady surge at a CAGR of 2.1%, from 2024 to 2034. The growing adoption of specialty gases in niche applications such as semiconductor manufacturing, pharmaceuticals, and scientific research …
Surge in A2 Milk Demand: Market Expected to Grow at 9.5% CAGR Through 2033 | Future Market Insights Inc.
The A2 milk market is forecasted to grow from USD 2,036.6 million in 2023 to over USD 5,120.9 million by 2033, with a 9.5% CAGR. The COVID-19 pandemic significantly decreased the demand for A2 milk globally by 9.89% in 2020. Rising incomes and increased consumer awareness of nutrition drive market expansion for A2 milk, which …
India Kaolin Market Boosts Paper Quality: Enhances Opacity, Printability, and Durability for E-commerce Packaging
The India kaolin Industry share is anticipated to reach a valuation of USD 95.3 million in 2023, driven by rising government investments and support. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.4% between 2023 and 2033, and reaching a total valuation of approximately USD 146.6 million by …
Functional Films Market Faces Challenges Amid Raw Material Price Fluctuations and Supply Chain Disruptions
The functional films industry size is anticipated to expand its roots at a steady CAGR of 7.2% between 2023 and 2033. The market is anticipated to cross a market share of USD 54,294.8 million by 2033, while it is likely to be valued at USD 27,090.1 million in 2023. Advanced packaging solutions, along with the introduction of …
North America Chitosan Market to Soar with Growing Demand Across Pharmaceuticals, Biomedicals, and Food & Beverage Sectors
The North American chitosan market size is anticipated to attain a valuation of USD 11.2 billion in 2023 and is expected to reach USD 44 billion by 2033. According to Future Market Insights, the market is expected to incline at a CAGR of 14.6% during the forecast period. The chitosan market in North America holds a significant …
Expanded Polypropylene (EPP) Foam Market Poised for Growth with Rising Investments and Increased Demand Across Multiple Industries
The expanded polypropylene (EPP) foam market size is anticipated to thrive at a steady CAGR of 11.4% between 2023 and 2033. The market is expected to have a share of USD 5.52 billion by 2033, while it is likely to be valued at USD 1.87 billion in 2023. The advent of smart packaging with insulation, more online shopping activities, and other industrial applications are flourishing …