New Product Development
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Future Market Insights projects significant growth in the global aluminum slugs industry, with a valuation of USD 4.2 billion in 2023. The industry is expected to expand at a Compound Annual Growth Rate (CAGR) of 5.3%, reaching approximately USD 7.1 billion by 2033. The top three countries are forecasted to hold 30-35% of the global …
According to research by Future Market Insights, the global brick liquid carton industry is poised for steady growth over the next decade. Valued at USD 8.9 billion in 2022, the industry is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.3%, reaching approximately USD 13.6 billion by 2032. The demand for straw …
Tray Sealer Machines Market Future Market Insights (FMI) forecasts substantial growth in the global tray sealer machines industry, with sales expected to nearly double from USD 2.9 billion in 2022 to approximately USD 5.2 billion by 2032. This impressive growth corresponds to a Compound Annual Growth Rate (CAGR) of 6.0% over the ten-year period. The …
Future Market Insights (FMI) highlights the growing adoption of pasted valve bags as an innovative and cost-effective solution for packaging granular products. The increasing need for efficient resource packaging in industries such as agriculture, construction, pet food, fertilizers, and pharmaceuticals has driven the demand for these sustainable and versatile bags. Pasted valve bags, typically made …
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The global electrophotography printing for packaging industry is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 8% from 2022 to 2032, according to Future Market Insights. The industry is anticipated to grow from an initial valuation of USD 21 billion in 2022 to an impressive USD 45.33 billion by 2032. …
In 2023, the global modular construction market is expected to be worth USD 97.51 billion. The adoption of modular construction is projected to develop at a 7.4% CAGR to reach USD 199.11 billion by 2033. One of the key drivers of growth in the modular construction industry is the increasing demand for affordable housing and infrastructure solutions. …
According to Future Market Insights, global screw conveyor sales are expected to reach around USD 884.2 million in 2022. Over the forecast period 2022 to 2032, the overall market size is expected to grow at a 4.8% CAGR, surpassing USD 1,416.3 million by the end of 2032. The increasing use of screw conveyors in various …
The industrial gearbox market is predicted to be worth USD 30.08 billion in 2023, and rise to USD 47.16 billion by 2033. Demand is expected to increase at a CAGR of 4.6% during the projected period. Given that industrial gearboxes are used to control the speed and torque of production-related machinery and components, demand for these gearboxes is expected to rise as smart …
Despite growing at a modest rate of 3.4% annually, the wood chipper market is still active in all end-use areas in 2033, with a projected value of USD 447.1 million in 2023 and USD 462.3 million by 2024. Wood chippers serve as robust machines designed to efficiently reduce wood, predominantly tree limbs and trunks, into …