The industrial drum market is anticipated to reach a valuation of USD 12.9 billion in 2024. The industry is projected to be worth USD 20.4 billion by 2034, rising at a CAGR of 5.1% between 2024 and 2034. The market is experiencing substantial growth, fueled by escalating demand across diverse sectors. These durable containers are vital in …
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Folding IBC Market is Predicted to Reach USD 1,471.2 Million, Globally by 2033 at 6.3% CAGR: Future Market Insights, Inc.
The folding IBC market is forecast to reach USD 793.6 billion in 2023 and USD 1,471.2 billion in 2033. A 6.3% growth rate is expected between 2023 and 2033. Industry sectors such as chemical, pharmaceutical, and food and beverage can all be attributed to this growth. The performance and durability of folding IBC containers is likely to …
Global Pharmaceutical Packaging Market to be Worth USD 149.8 Billion by 2034: Future Market Insights, Inc.
The pharmaceutical packaging market is estimated to be worth USD 108.9 billion in 2024 and is projected to be USD 149.8 billion in 2034. Between 2024 and 2034, the industry is expected to expand at a CAGR of 3.2%. The continuous rise in global healthcare expenditure, coupled with the growing demand for pharmaceuticals driven by aging populations and the prevalence …
Global Compostable Plastic Packaging Industry to Reach USD 3.1 Billion by 2033, Fueled by Technological Advancements
The global compostable plastic packaging industry is witnessing significant growth, with its valuation projected to rise from USD 1.89 billion in 2023 to USD 3.1 billion by 2033 at a CAGR of 5.2%. This growth is driven by advancements in composting infrastructure and cutting-edge innovations in formulations and manufacturing processes, which are reshaping the landscape …
United States & Canada Degassing Valves Industry is Projected to Have a Robust CAGR of 4.8% by 2033 | FMI
Degassing valve sales in the United States and Canada are anticipated to surpass USD 21.9 million in 2023. From 2023 to 2033, it is projected to increase at a moderate CAGR of 4.8%. By the end of 2033, it is expected to have a value of USD 34.9 million. The top 5 degassing valve producers are anticipated to hold …
Octabin Market Sees Rapid Growth: Sustainability and E-commerce Drive Demand
Octabin Market The global octabin industry is set to achieve steady growth, with its valuation expected to increase from USD 364.2 million in 2024 to USD 378.8 million by 2034, reflecting a CAGR of 2.5% over the forecast period. This growth is largely fueled by the product’s alignment with sustainable logistics and its diverse applications across industries, particularly in …
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Paper Napkin Making Machine Industry Outlook: Key Drivers and Emerging Trends
Paper Napkin Making Machine Market The global paper napkin-making machine industry is projected to experience steady growth over the next decade. Its valuation is expected to rise from US$136.7 million in 2023 to US$187.4 million by 2033, registering a CAGR of 3.2% during the forecast period. Demand Drivers: Eco-Friendly Shift: Increasing environmental consciousness is spurring demand for paper napkins as an alternative …
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Industrial Pail Market on the Rise: Sustainable Solutions Fuel Industry Growth 2034
Industrial Pail Market Future Market Insights (FMI), a leading provider of market intelligence and consulting services, has released a comprehensive analysis of the industrial pail market, forecasting a moderate Compound Annual Growth Rate (CAGR) of 1.90% from 2024 to 2034. The market is anticipated to grow from USD 1.7 billion in 2024 to approximately USD 1.8 …
Metal Can Industry Forecast 2034: Unveiling Key Growth Drivers and Trends
Metal Can Market The global metal can industry is set to witness steady expansion over the next decade, with the market value projected to rise from US$ 40.4 billion in 2024 to US$ 49.3 billion by 2034, reflecting a compound annual growth rate (CAGR) of 2%. Core Concepts in the Metal Can Industry Market Size …
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Starch-based Packaging Industry Size, Forecast, Analysis and Share Surpass USD 13,416.0 Million | 2033, At 6.4% CAGR
The global starch-based packaging industry is projected to witness substantial growth, with its valuation expected to rise from USD 7,214.5 million in 2023 to USD 13,416.0 million by 2033, achieving a CAGR of 6.4% during the forecast period. The increasing adoption of starch-based packaging as a sustainable alternative to conventional plastic is a key factor …