In the fast-paced world of product delivery and storage, packaging plays a pivotal role in ensuring the safety and presentation of goods. The Corrugated Box Market has evolved into a versatile and sustainable solution that addresses various industry needs. This article will delve into the specifics of this market, highlighting its growth, benefits, and potential …
Category Archives: Packaging Facts
Rising Demand for Glass Bottles and Containers Propelled by Increasing Consumption of Bottled Beverages
In 2024, global sales for glass bottles and containers are expected to total US$ 65,544.6 million, with forecasts suggesting a climb to US$ 110,017.6 million by 2034, driven by a projected compound annual growth rate (CAGR) of 5.3% over the period. This indicates a notable advancement from the US$ 62,234.5 million revenue recorded in 2023. …
Exploring the Growth Drivers in the Tapes Market: Projected to Hit US$ 126.6 Billion by 2033 | FMI Study
The tapes market is expected to experience significant growth, with a projected value of US$ 78.5 billion in 2023, increasing to US$ 126.6 billion by 2033. The global tapes market is experiencing robust growth, driven by a surge in demand across various industries such as automotive, construction, healthcare, and electronics. This growth trajectory is propelled by the increasing adoption of advanced …
Innovative Applications and Rising Demand Propel Rubber Tapes Market to Surpass US$ 1,483.7 Million by 2033
The global rubber tapes market share was quite strong in 2022 with a net valuation of US$ 914.8 million. It is further anticipated to generate a revenue of US$ 955.4 million in 2023. FMI analysis predicts that the market may record a CAGR of 4.5% during the forecast period. By following this moderate growth rate, the overall market value is anticipated to reach US$ …
Steel Drum Market Marches Forward with 5.6% CAGR Growth, Projected to Hit US$ 20.8 Billion by 2033
The global steel drum market is on a trajectory of consistent growth, projecting a 5.6% CAGR between 2023 and 2033, reaching a significant valuation of US$ 20.8 billion by 2033. Recognized for their safety, security, and eco-friendly features, steel drums made from carbon or stainless steel have become a preferred packaging solution. Their cost-effectiveness, ease of handling, …
Sustainable Packaging Solutions: How the Jars Market is Anticipated to Cross a Value of US$ 64.3 Billion by 2033
The global jars market is forecasted to expand at 3.9% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 43.8 billion in 2023. The jars market is experiencing robust growth, driven by increasing demand for sustainable and reusable packaging solutions. By 2033, the market is anticipated to cross a …
Global Trade and Industrial Output Surge Fuel the Pallets Market Growth, Expected to Reach US$ 100.6 Billion by 2033
The global pallets market achieved a valuation of US$ 58.3 billion in 2022. In 2023, this market value is estimated to increase to US$ 60.4 billion. The FMI analysis report projects that the market will expand at a compound annual growth rate (CAGR) of 5.3% over the forecast period. By 2033, the market is anticipated …
Future of Eco-Friendly Adhesives: Paper Masking Tapes Market Set to Exceed US$ 3.6 Billion by 2033
The paper masking tapes market is likely to expand at a CAGR of 5.7% during the forecast period. The market is anticipated to hold a value of US$ 2.1 billion in 2023 while it is anticipated to cross a value of US$ 3.6 billion by 2033. This growth is driven by the increasing demand from various end-use industries such as automotive, building and …
Rising Demand for Packaged Foods and Beverages Drives Degassing Valves Market Growth to US$ 237.8 Million by 2033
The global degassing valves market was worth around US$ 140.4 million in 2022. The sales of degassing valves globally are expected to increase at an average CAGR of 5% from 2023 to 2033. The market report further predicts the overall market to reach US$ 237.8 million by the end of this forecast period. These valves play a critical role in maintaining …
Innovations and Consumer Demand Propel Baking Molds & Trays Market Towards US$ 1,520.3 Million by 2033
The baking molds & trays market is predicted to be worth US$ 840.9 million in 2023, and rise to US$ 1,520.3 million by 2033. Demand is expected to increase at a CAGR of 6.1% during the projected period. This growth is driven by several key factors. Firstly, the increasing popularity of home baking, spurred by a rise …