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Future Market Insights (FMI), in its new study, outlines the growth prospects of the sachet packaging market for the forecast period, 2021-2031. According to the report, worldwide sales of sachet packaging reached 999 billion units in 2021, equaling revenues worth US$ 8.7 Bn. On-the-go culture continues to attest the convenience quotient of sachet packaging over other formats, …
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Blow fill seal (BFS) technology is highly sought-after as a preferred packaging solution in pharmaceutical manufacturing. It utilizes a single integrated machine to produce formulated drugs aseptically without any human intervention. According to Future Market Insights (FMI), the BFS technology market is set to reach US$ 2.6 Bn by the end of 2021. Overall growth forecast …
Driven by their industrious applications in heavy engineering operations, masking tapes are highly sought-after components in automotive, construction, aerospace, and other industries. As per a new study by Future Market Insights (FMI), the masking tapes market is set to exhibit 3.9% CAGR in 2021, as operations across industries resume post prolonged lockdown amid COVID-19. Masking tapes developed …
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Over the past few years, organic packaging such as botanical packaging is gaining momentum owing to its important role in reducing carbon footprint as compared to plastic packaging. Rising environmental concerns among the manufacturers due to the recyclability of the material is increasing the adoption of botanical packaging. Further, need for reducing the utilization of plastic packaging …
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The global padded dividers market size is anticipated to be valued at US$ 3.5 Billion in 2022 and US$ 8.1 Billion in 2032. It is expected to showcase growth at a CAGR of 11.3% during the forecast period from 2022 to 2032. The rapid expansion of the e-commerce sector and the rising demand for expensive products, such …
The global embedded hypervisor market stands at a net worth of US$ 5.36 Bn in 2022, and is predicted to rise at a CAGR of 6.4% over the forecast period (2022-2029) to attain a valuation of US$ 8.29 Bn by 2029. Embedded hypervisors offer several benefits such as support for multiple operating systems, security of VMs, and improved hardware. Use of embedded …
DDI solution sales were valued at around US$ 551.5 Mn at the end of 2021. The DDI market is projected to register 15.6% CAGR and top a valuation of US$ 1,532.2 Mn by 2028. The DDI growth will continue to accelerate due to the continuous developments in IP management technologies. The growth of this market is driven by factors such as increasing adoption …
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Global sales revenue of smart parking market stood at around US$ 7,670.9 Mn in 2021, and is slated to increase at a CAGR of 18.0% to reach a valuation of US$ 28,757.0 Mn by 2029. Smart parking market is nearly 70.0% of parking management system market. According to the report, factors such as lack of parking space, rise in the number of on-road vehicles, low …
The global legal transcription market stood at around US$ 1,988.9 Mn in 2021, and is slated to increase at a CAGR of 6.5% to reach a valuation of US$ 3,267.7 Mn by 2029. Legal transcription market is nearly 30.0% of business transcription market. Increasing reliance on AI/ML technologies (Artificial Intelligence and Machine Learning) has been shaping the legal …
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As per a report by Future Market Insights (FMI), the global marketing transcription market is expected to reach a valuation of US% 1.68 Bn in 2021 and is expected to showcase high growth between 2021 and 2031. Transcription is the process of converting speech (recorded or live) into an electronic text document. The process includes providing an …
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