New Product Development
The global lubricant packaging market is estimated to top US$ 11.4 Bn in2022 and is projected to reach US$ 15.5 Bn by 2029, exhibiting growth at a CAGR of 5.2%. Increasing sales of heavy commercial vehicles are expected to boost the demand for lubricant packaging, states Future Market Insights (FMI). Demand for lubricant in bulk is increasing the sales of packaging product …
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The MENA industrial packaging market is estimated at USD 4.5 billion in 2022 and is projected to reach USD 6.3 billion by 2027, at a CAGR of 7.0% from 2022 to 2027. Demand for industrial packaging in the Middle East and Africa is likely to remain robust owing to the improving situation of international trade. In addition, global trade of industrial products has grown three-fold over the …
The need for dual ovenable lidding films is being fueled by an increased focus on food safety and a consumer preference for pre-packaged convenience foods. According to a recent analysis by Future Market Insights (FMI), the market will grow at a 5.6 percent CAGR from now until 2031, when it will be valued at US$ 134.8 million. …
The U.S. accounted for a revenue share of a little more than 70% in the North America PET blow moulder market in 2016 and is expected to gain 110 basis points by 2026. The U.S. is likely to witness a rapid Y-o-Y growth rate of close to 4% over the period of assessment. On the …
The global glass container market will exhibit 2.1% Y-o-Y growth in 2021, after contracting in 2020 due to disruptions caused by unprecedented COVID-19 outbreak. According to a new study by Future Market Insights (FMI), the near-term opportunities for the market will remain positive, especially as application in beverages packaging continues surging. The report also projected to market …
The global church management software market is estimated to garner US$ 405 Million while exhibiting a 5.7% CAGR during the 2022-2032 forecast period, according to a recently published FMI report. The market is expected to secure US$ 232.4 Million in 2022, yielding a dollar opportunity worth US$ 172.6 Million. The adoption of church management software in large …
The increasing preference for automation in the jury process is one of the important reasons driving the demand for legal transcription services. The adoption of legal transcription solutions is expected to grow at a significant rate over the forecast period, due to the increasing preference for more secured and reliable operations. From the past few decades, technological …
A new research report by Future Market Insights on the high performance message infrastructure market provides significant insights, which consist of the global industry analysis 2014–2021 and forecast 2022 – 2029. According to the market research report, the overall market is projected to expand at a prolific CAGR of 14.4% between 2022 and 2029, surpassing a valuation of US$ 3.37 …
A market research report by Future Market Insights on the legal, risk and compliance solution market provides critical insights and explores the legal, risk and compliance solution market for the forecast period of 2019-2029. As per the report findings, the global revenues generated by the legal, risk and compliance solution market is set to reach ~US$ 8.4 …
This helps in reduction of the overall weight of a car, so it requires less fuel. Green tires are developed so as to optimize the fuel consumption via reduction of rolling resistance. Rolling resistance refers to the energy required by the tire’s road contact and its deformation. Reduction in rolling resistance requires total control over …