New Product Development
The Smart Packaging Market may be worth US$ 24.6 billion in 2023 and US$ 38.3 billion in 2033. The Smart Packaging Market is expanding at a CAGR of 4.5% over the anticipated time frame. Increasing the shelf life and traceability of food products through the use of smart packaging may have a favorable effect on the market …
Continue reading “Smart Packaging Market Trend: Industry to Rise at US$ 38.3 Billion by 2033”
Corrugated wraps are protective packaging materials made from corrugated cardboard, consisting of fluted paperboard sandwiched between two flat layers of paperboard. These wraps are commonly used to encase and cushion items during shipping, storage, or handling, offering excellent protection against impacts, moisture, and compression. The global corrugated wraps market is poised for substantial growth, with an anticipated …
Bamboo straws are eco-friendly alternatives to traditional plastic straws, offering a sustainable solution to reduce plastic waste and environmental impact. By 2034, the global Bamboo Straws Market is forecasted to reach a substantial value of US$ 7.7 billion, showcasing a steady compound annual growth rate (CAGR) of 5.0%. This significant growth trajectory highlights the increasing popularity …
High barrier packaging films are specialized materials designed to provide exceptional protection against moisture, oxygen, light, and other external factors that can compromise the quality and shelf life of packaged products. The global High Barrier Packaging Films Market is poised for significant growth, with a projected value exceeding US$ 18.5 billion by 2023. This upward trajectory is …
The worldwide Ice Cream Packaging Market is on a trajectory of impressive growth, with an anticipated valuation of US$ 853.74 million expected by 2023. This upward trend is set to continue, with a steady compound annual growth rate (CAGR) of 4.0% projected from 2023 to 2033. By the end of the decade, in 2033, the Ice …
Reusable packaging refers to packaging materials and systems that are designed to be used multiple times, rather than being discarded after a single use. The Reusable Packaging Market size is forecast to experience a growth of 5.5% over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 109.09 billion in …
The global knife sterilizer market was forecasting a valuation of US$ 657.5 million by 2023 while maintaining a consistent Compound Annual Growth Rate (CAGR) of 3.4% from 2023 to 2033. This robust expansion underscores the critical role knife sterilizers play in upholding stringent public health standards. By 2033, the market is anticipated to achieve an impressive valuation …
The catering food warmers market is positioned for significant expansion, with an expected valuation of US$ 493.7 million by 2023. This upward trajectory is anticipated to continue, fueled by a compelling Compound Annual Growth Rate (CAGR) of 6.3% from 2023 to 2033, according to insights from FMI. In the context of the burgeoning global catering industry, these …
The global compact construction equipment market is poised for substantial expansion, with a projected valuation of US$ 224.1 billion by 2023, setting the stage for a continued upward trajectory. Backed by a notable Compound Annual Growth Rate (CAGR) of 3.8% forecasted from 2023 to 2033, an in-depth analysis conducted by FMI highlights the market’s potential to achieve …
The global industrial vacuum evaporation systems market is primed for continual expansion, bolstered by a robust Compound Annual Growth Rate (CAGR) of 6.3% throughout the forecast period. Set to reach a revenue milestone of US$ 2.58 billion in 2023, the market embarks on a remarkable trajectory towards achieving a significant valuation of US$ 4.76 billion by 2033. …
