The market for global hydrodesulfurization catalysts is projected to be USD 2.89 billion in 2022 and to increase at a CAGR of 5% to USD 4.71 billion from 2022 to 2032. Hydrodesulfurization is a chemical process that is used to remove sulfur and sulfur compounds from refined petroleum end products, including petrol (gasoline), diesel, fuel oils, …
Monthly Archives: November 2024
Global GHS Label Market Projected to Reach USD 2.33 Billion by 2034, Driven by Demand for Enhanced Durability and Tracking Capabilities
GHS Label Market The global GHS label market is poised for steady growth, with an estimated valuation of USD 1,668.4 million in 2024, and a projected market size of USD 2,330.7 million by 2034, reflecting a CAGR of 3.4% during the forecast period. The increasing demand for durable, trackable, and compliant labeling solutions across various …
Global Facial Pumps Market to Reach USD 10.89 Billion by 2033, Driven by Increasing Demand for Skincare Packaging Solutions
Facial Pumps Market The global facial pumps market is projected to grow at a robust CAGR of 6.2% from 2023 to 2033, with an anticipated market value of USD 10,891 million by 2033, up from USD 5,801.9 million in 2023. Facial pumps, key packaging solutions for skincare products, have gained significant traction as consumer demand …
Global Jumbo Bags Market to Hit USD 9.9 Billion by 2033 Amid Rising Demand from Construction and Industrial Sectors
Jumbo Bags Market The global jumbo bags market, valued at USD 6.1 billion in 2023, is projected to grow at a CAGR of 4.2%, surpassing USD 9.9 billion by 2033. Jumbo bags, a key segment within the bulk packaging industry, are experiencing heightened demand driven by rapid urbanization, infrastructural development, and innovations in flexible packaging. …
Thermal Insulation Packaging Market to Surpass USD 274.8 Billion by 2033, Growing at a Robust CAGR of 13.5%
Thermal Insulation Packaging Market The global thermal insulation packaging market, valued at USD 77.4 billion in 2023, is projected to grow at a CAGR of 13.5%, reaching an impressive valuation of USD 274.8 billion by 2033. This surge in demand is driven by advancements in supply chain logistics, increased emphasis on product integrity, and regulatory …
Global Vaccine Packaging Market to Reach USD 2.57 Billion by 2034 with a CAGR of 5.4% | FMI
Vaccine Packaging Market The global vaccine packaging market, valued at USD 1,523.2 million in 2024, is projected to grow at a compound annual growth rate (CAGR) of 5.4%, reaching USD 2,569.2 million by 2034. The demand for innovative and reliable vaccine packaging solutions is driven by the growing need for efficiency, safety, and accuracy in …
FMI Study States Global Automated Sortation System Market Size Expected to Surge to USD 21.7 Billion by 2034, With a Strong CAGR of 8.8%
The global automated sortation system market is forecasted to achieve a significant milestone of USD 21.7 billion by 2034, reflecting a notable CAGR of 8.8% from 2024 to 2034. Furthermore, the market is anticipated to reach USD 9.3 billion in 2024, underscoring its continued expansion. The growth of automated sortation systems is driven by several …
Global Chopper Pumps Market Share Anticipated to Surge Past USD 1,429 Million Mark by 2033, Growing Steadily at 5.2% CAGR | FMI Study
The global chopper pump market is poised for remarkable growth, with 2022 witnessing an estimated value of USD 818.4 million. This figure is set to skyrocket in the coming decade, with experts predicting an astounding surge to USD 1,429 million by 2033. Such exponential growth, marking a compelling CAGR of 5.2% from 2023 to 2033, …
Global Submersible Pump Market Size to Exceed USD 19.39 Billion by 2033, Growing Steadily at 5.2% CAGR
Increasing from USD 11.68 billion in 2023, FMI predicts that the global submersible pump market could reach USD 19.39 billion by 2033. Between 2023 and 2033, submersible pump sales are expected to register a 5.2% CAGR. The key drivers of the expansion of the submersible pump market worldwide are the population boom of the globe and the rise in residential housing. …
Agricultural Equipment Market to Surge with a 4.2% CAGR, Reaching Approximately USD 171.4 Million by 2033
The agricultural equipment market is forecast to experience a growth of 4.2% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 171.4 million in 2033. The agriculture industry is expanding fast in the upcoming years, driven by the surging global population, which is expected to …