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The market for UV stabilised films worldwide is anticipated to grow from a worth of US$ 32.7 billion in 2022 to US$ 46.8 billion by the end of 2029, expanding at a CAGR of 5.1% throughout that time. In 2021, sales of UV-stabilized films held a 19% market share worldwide. Sales of UV-stabilized films are anticipated to …
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The global straw market stands at a net worth of US$ 18.1 Billion in 2022 and is predicted to rise at a CAGR of 5.9% over the forecast period to attain a valuation of US$ 28 Billion by 2029. This growth can be attributed to the following factors: Smart packaging solutions that use disposable straws for their non-biodegradable nature Available in various shapes, …
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The market for timber wrap films is anticipated to reach a value of US$ 445.4 million in 2022 and is expected to grow at a CAGR of 4.3% to reach US$ 601 million in 2029. In 2021, sales of timber wrap film comprised around 8% of the market for mulch film globally. Over the assessment period of …
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More than 1.6 million units of paper edge protectors were consumed globally, in 2018, according to a recent research study presented by Future Market Insights (FMI). The FMI report forecasts that the global consumption of paper edge protectors will see approximately 3.4% Y-o-Y growth in 2019. The revenue of paper edge protectors market will be primarily sustained …
In 2022, the global crown closures market holds a net value of US$ 1.1 Bn. The market is projected to evolve at a sluggish CAGR of 2.4% to reach a market worth of US$ 1.2 Bn by the end of 2027. Nearly 185 billion units of crown closures were sold in the year 2018, according to a new intelligence …
As the world is transitioning towards sustainable and eco-friendly packaging solutions, the demand for biodegradable packing and storage solution is on the rise. FMI estimates that the pulp moulding machine market will experience a year-on-year growth rate of 3.4% in 2021. As per Future Market Insights (FMI) analysis, the pulp moulding machine market will generate revenue, totaling US$ 692 Mn in 2021. Between …
The market for box and carton overwrap films is anticipated to reach US$ 1.5 Billion by 2028, growing at a CAGR of 3.8% from 2022 to 2028. The market is expected to reach US$ 1.2 Billion in 2022. According to a study by Future Market Insights, the stretch film type segment of the market for box and …
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The global steel drum market is projected to witness linear growth between 2022 and 2031 at a CAGR of 4.9%, reaching US$ 18.6 Bn by the year 2031. Steel drums have emerged as preferred rigid packaging solutions as they are increasingly used for transporting hazardous and non-hazardous material. According to a study by Future Market Insights (FMI), the steel …
The slitter rewinder machines market is surveyed at US$ ~1.2 Bn in 2022 and is projected to show up at US$ ~1.5 Bn by 2028, at a CAGR of 3.8% from 2022 to 2028. The slitter rewinder machines market saw taking off advancement in 2021 with generally livelihoods up 4.2% year over year. One more guess by FMI checks …
In 2021, the market for mud pumps will generate sales worth US$ 872.2 Mn. The market is anticipated to grow at a 3.4% CAGR between 2021 and 2031, maintaining a largely positive demand outlook. Electric mud pumps are in high demand due to their quiet operation and low vibration and noise levels, which will continue …
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