In 2019, the worldwide temperature controlled pharmaceutical container market was assessed to be around US$ 3.5 billion. From 2019 to 2023, the global demand for temperature controlled containers in the pharmaceutical sector increased at a rate of 5.5% per year. In 2023, the entire market generated around US$ 4.6 billion and is flexing to make …
Category Archives: Packaging Facts
Industrial Drum Market Projected to Reach US$ 20.4 Billion by 2034 Driven by Rising Demand in Chemical and Petroleum Sectors
The industrial drum market is anticipated to reach a valuation of US$ 12.9 billion in 2024. The industry is projected to be worth US$ 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 safely transporting and storing liquids, chemicals, …
Trade Expansion and Efficient Logistics Boost Folding IBC Market, Anticipated to Reach US$ 1,471.2 Million by 2033
The folding IBC market is forecast to reach US$ 793.6 billion in 2023 and US$ 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 flexibility and space-saving attributes of folding IBCs make them highly sought after in sectors …
Sustainable Packaging Drives Growth in the Edible Films and Coatings Market to Surpass US$ 4,871.0 Million by 2033
The edible films and coatings market is anticipated to expand from US$ 2,210.0 million in 2023 to over US$ 4,871.0 million by 2033 at a CAGR of 8.2%. The global edible films and coatings market is experiencing robust growth, driven by rising consumer demand for sustainable and eco-friendly packaging solutions. With increased awareness of the environmental impact of plastic waste, industries are …
Specialty Pulp and Paper Chemical Market Expected to Reach US$ 31.3 Billion Amid Hygiene Demand
The global Specialty Pulp and Paper Chemical Market is expected to reach a market valuation of US$ 23.4 billion by the year 2023, accelerating with a CAGR of 3.2% by 2023-2033. The Specialty Pulp and Paper Chemical Market share is anticipated to be valued at about US$ 31.3 Billion by 2033 end. During the pandemic, the …
In-Vitro Diagnostics Kits Market Poised to Hit USD 18.8 Billion Amid Preventive Care Focus
The global in-vitro diagnostics kit market is experiencing a push of a CAGR of 4.40%, making the market valuation of US$ 18.8 billion by 2034. It is estimated that the market size of the subject market will be US$ 12.2 billion by 2024. This anticipated expansion underscores the increasing demand for advanced diagnostic solutions, driven by factors such as aging populations, rising …
Jewellery Box Market Projected to Expand at 3.6% CAGR, Valued at USD 223.4 Million by 2034
The jewellery box market had an estimated market share worth US$ 153.1 million in 2023, and it is predicted to reach a global market valuation of US$ 223.4 million by 2034, growing at a CAGR of 3.6% from 2024 to 2034. The jewellery box is a packaging solution made from different materials based on the requirement …
PLA Cup Market Projected to Reach USD 286 Million by 2034 Due to Growing Demand for Sustainability and Customization
With the increasing trend toward health consciousness, the PLA cup market is poised to gain a valuation of US$ 184.3 million by 2024. The sales of PLA cups will develop at a 4.50% CAGR during the forecast period. A valuation of US$ 286.2 million is likely to be reached by the PLA cup market by 2034. The …
Lip Gloss Tube Market Set to Reach USD 3.5 Billion Amid Beauty Boom and Social Media Influence
The global lip gloss tube market is positioned for significant expansion, with sales expected to almost treble to an estimated US$ 3.5 billion by 2032. Throughout the projected period (2022–2032), the market is expected to increase at a consistent compound annual growth rate (CAGR) of roughly 4.5% to 5.5%. This growth trajectory is being driven by the …
Disposable Plates Market Expected to Reach US$ 9.35 Billion by 2033, Growing at 6.2% CAGR: Insights and Projections
The disposable plates market is anticipated to expand its roots at an average CAGR of 6.2% between 2023 and 2033. The market is projected to have a market share of US$ 9.35 billion by 2033 while it is likely to be valued at US$ 5.12 billion in 2023 – The restored food and beverages industry, and the application of new, light, and environmentally …