New Product Development
According to estimates, the market for PE resins will be worth USD 152.3 billion in 2022 and is anticipated to grow to USD 181.5 billion by 2027 at a CAGR of 3.6%. According to the PE resins market description, 3.4% growth year-over-year (YoY) is predicted for the market’s volume in 2021–2022. The Asia Pacific region is estimated …
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The global consumer electronics packaging market is evaluated to reach US$ 22.2 Bn in 2022 and is projected to reach US$ 35.4 Bn by 2027, at a CAGR of 9.8% from 2022 to 2027. According to FMI analysis, the consumer electronics packaging market revenue totaled US$ 20.2 Bn for 2021. The overall consumer electronics packaging market is …
The barrier shrink bags market is estimated at US$ 2.1 Bn in 2022 and is projected to reach US$ 2.8 Bn by 2027, at a CAGR of 5.7% from 2022 to 2027. The barrier shrink bags market constitute around 1-2% of the global food packaging market worth US$ 310 Bn in 2021. The barrier shrink bags market revenue totaled US$ 2.0 Bn for 2021, according to …
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The global duct tapes market is projected to register year-on-year (YoY) growth of 4.6% in 2021 to total 2.4 billion square meters. The duct tapes market value totaled US$ 4.0 billion in 2020, according to Future Market Insights (FMI). The global sales of duct tapes are poised to reach US$ 6.9 billion by 2031, growing at a CAGR of 5.2% for 2021-31. With duct tape applications …
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The Subsea navigation & tracking systems are generally used for a variety of underwater tasks such as ocean sciences,oil and gas exploration, salvage operations, marine archaeology and military activities. Subsea navigation & tracking is a system used for the navigation and tracking of underwater divers as well as vehicles by means of direction measurements/acoustic distance and subsequent …
Nanographic printing is evolving, with a higher quality of output and accelerated working speeds. Nanographic printing is in high demand, with tech firms eyeing the booming packaging printing market. Some of the driving factors for involvement in the growth potential of Nanographic printing are as follows: Water-based ink containing Nano pigments with diameters measured in tens of …
Twentieth century is the period where plastic era started, this is exactly after the era of products being directly made out of natural materials. Plastic seemed to have entered each and every aspect of the human life. Today one cannot imagine his or her life without use of plastic. The recent packaging trends shows consumers …
The global biodegradable packaging market is anticipated to reach US$ 448.2 Bn in 2022 and continue to grow at a CAGR of 6.1% from 2022 to 2032, according to data from Future Market Insights. By the end of 2022, it is predicted that the top 3 nations will control about 25–30% of the global market for biodegradable …
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Over the years, packaging has emerged as an integral part of the modern world, owing to increasing consumer inclination towards easy to use, convenient products on the backdrop of fast paced lifestyle. The rising usage of home & personal care products has seen vast developments over the last few years owing to different consumption patterns. Aerosol …
The global envelope market is expected to reach valuation of US$ 2 Bn by the year 2022, accelerating at a CAGR of 3.0% by 2022-2032. FMI analysis shows that paper envelope will account for a market share of more than 70% of and estimated to reach US$ 1.6 Bn by 2032. With the increase in the demand for packaging and mailer services for …
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