In a recent analysis, Future Market Insights (FMI) predicted that over the forecast period, the worldwide fleet management market will grow at a CAGR of 10.4%. (2021-2031). The increase in the usage of big data analytics and cloud computing technologies for optimising fleet management operations may be responsible for the expansion. In 2021, it is …
Category Archives: Business
According to a thorough research report by FMI, the market for 5G in the automotive and smart transportation sector will be worth $9.77 billion by 2030
Currently valued at US$ 1.49 billion, the global 5G in Automotive and Smart Transportation Market is predicted to grow to a US$ 9.77 billion market by the year 2030, according to a thorough market study. From 2022 to 2030, demand for 5G in the automotive and smart transportation sectors is expected to grow at an …
Global Bagasse Tableware Products Market is set to expand at 6.8% CAGR between the forecast period of 2022 and 2031
The bagasse tableware products market revenue is expected to register y-o-y growth of 4.3% and reach US$ 1.95 Bn in 2021. This demand for bagasse tableware products will accelerate with top-tier players holding 25% to 30% of the total sales of bagasse tableware products.Future Market Insights (FMI) has forecast the global bagasse tableware products market to total US$ 3.75 Bn by 2031, expanding at 6.8% CAGR between 2021 and …
Self-adhesive Tear Tapes Market is expected to reach US$ 211.7 Mn in 2022
Self-adhesive rip tape sales are anticipated to reach US$ 211.7 million in 2022 and US$ 292.3 million in 2029, respectively, at a CAGR of 4.7 percent. In 2021, the market for self-adhesive rip tapes was expected to account for 4% of the $5.1 billion worldwide packaging tapes industry. The self-adhesive tear tapes market generated US$ 202.2 Mn …
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Rotational Moulding Machines Market is expected to surpass US$ 1,089 Mn by 2029
At a CAGR of 2.9 percent from 2022 to 2029, the Rotational Moulding Machines Market is anticipated to reach US$ 890 Mn in 2022 and US$ 1,089 Mn by 2029. The market for rotational moulding machines accounts for 1% to 2% of the US$58 billion global packaging machinery industry in 2021. According to an analysis by FMI, …
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Compostable Foodservice Packaging Market is expected to reach US$ 19.9 Bn in 2022, likely to surge at a vigorous 5.5%
With a predicted CAGR of 5.5 percent from 2022 to 2029, the global market for compostable foodservice packaging is expected to reach US$ 19.9 billion in sales in 2022 and US$ 28.8 billion by 2029. Trays and cups are expected to make up more than 45 percent of the total biodegradable foodservice packaging sold worldwide in 2022, …
Nutraceutical Packaging Market is estimated to be valued at US$ 3.6 Bn in 2022
Global consumption of nutraceutical packaging currently accounts for a net worth of US$ 3.6 Bn, and is slated to expand at a CAGR of 5.4% to reach a market valuation of US$ 5.2 Bn by 2029.Substantial rise in health consciousness on a global level has majorly influenced packaging for nutraceuticals as these products are now being served to a larger demographic on …
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Global Timber Wrap Films Market is estimated to reach US$ 445.4 Mn at the end of 2022
The global timber wrap films market is set to be worth US$ 445.4 Mn in 2022, and is projected to expand at a CAGR of 4.3% to top a valuation of US$ 601 Mn by 2029. Future Market Insights delivers vital insights on the timber wrap films market in its published report, titled “Timber Wrap Films Market: Global Industry Analysis 2014-2021 and Opportunity Assessment …
Worldwide Bag Closure Market Sales are valued at around US$ 205 Mn for 2022, at 5.7% CAGR
For 2022, the estimated global sales of bag closures are 205 million dollars. By the end of 2030, the market for bag closures is anticipated to grow at a CAGR of 5.7 percent and reach US$ 311 Mn. The preference of consumers for reusable food packaging has led to a rise in the need for bag …
Machine Glazed Paper Market is slated to reach over US$ 18.9 Bn by the year 2030
The market for machine-glazed paper is anticipated to surpass US$ 18.9 billion by 2030, growing at a respectable CAGR of 4.5 percent between 2022 and 2030. Machine glazed paper is heavily used to produce bags and pouches, pouches, wraps, trays, cups and bowls, coating and lamination, and other products in prominent verticals like food, drinks, healthcare, building …
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