As per Future Market Insights (FMI), the global bottle carriers market size is anticipated to reach a valuation of US$ 895 Million by 2032. It stood at around US$ 546 Million in 2021 and is projected to exhibit growth at a CAGR of 4.7% from 2022 to 2032. Rapid growth in alcoholic beverage consumption in various parts of the world with rising disposable income in developing …
Category Archives: Packaging Facts
Food Clamshells Market Soars as Demand for Secure Packaging Solutions Drives Growth to US$ 2.46 Billion by 2033
In 2023, the global food clamshells market is expected to be worth US$ 1.57 billion. Food clamshell demand is expected to climb at a 4.6% CAGR between 2023 and 2033, hitting US$ 2.46 billion by 2033. Clamshells are in the same group as skin and blister packs regarding packaging materials. These simple-to-seal containers are ubiquitous and have become …
Blow-Molded Bottles Market Set for Robust Expansion with a 4.8% CAGR, Anticipated to Hit US$ 151.2 Billion by 2033
The global demand for blow-molded bottles had strong growth, as evidenced by a noteworthy CAGR of 4.2% from 2018 to 2022. Furthermore, FMI surveyed that this growth trend raised the market’s worth to over US$ 90.3 billion by the end of the survey period in 2022. By the end of this year, 2023, it is anticipated that …
Global Flexible Plastic Packaging Market Expected to Reach US$ 171.6 Billion by 2033, Fueled by Post-Pandemic Demand and Sustainability Initiatives
The global flexible plastic packaging market continues to witness significant growth, with projections estimating a value of US$ 108.3 billion in 2023, surging to US$ 171.6 billion by 2033. The market is expected to grow at a robust Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period, driven by various factors including the …
Global Egg Carton Market to Reach US$ 2,760.5 Million by 2034, Driven by Rising Egg Consumption and Packaging Innovations
Egg Carton Market The global egg carton market is witnessing steady growth, with estimates projecting a value of US$ 2,074.1 million in 2024 and a Compound Annual Growth Rate (CAGR) of 2.9% from …
Strapping and Banding Equipment Market Set for Astounding US$ 3,964.4 Million Valuation by 2033, Fueled by Efficient Packaging Solutions
The global sales of strapping and banding equipment grew consistently, with a noteworthy CAGR of 3.5% throughout the historical period. The global strapping and banding equipment market had a valuation of about US$ 2,376 million in 2022. The sales of strapping and banding equipment are anticipated to record a strong CAGR of 4.8% during the forecast period. By maintaining this lucrative …
Bulk Liquid Transport Packaging Market Poised for 3.5% CAGR Growth, Reaching US$ 1,959.77 Million by 2033
The bulk liquid transport packaging market is forecast to experience a growth of 3.5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 1,388.35 million in 2023. The bulk liquid transport packaging solutions are deployed to accumulate and transport large volumes of liquid substrates like solvents and harsh chemicals. …
Waterproof Packaging Market Set for US$ 969.43 Billion by 2033, Fueled by Sustainable Solutions | Says FMI
The waterproof packaging market is anticipated to thrive at an average CAGR of 3.4% between 2023 and 2033. The market is expected to have a market share of US$ 969.43 billion by 2033, while it is likely to be valued at US$ 693.92 billion in 2023. Sustainable, water and oilproof packaging solutions are revolutionizing the waterproof packaging industry. The new products with intensive …
Aluminum Foil Lids Market Set to Reach US$ 2.8 Billion by 2033, Driven by Rising Demand for Flexible Packaging Solutions
The global aluminum foil lids market is anticipated to capture a valuation of US$ 1.8 billion in 2023 and reach US$ 2.8 billion by 2033. The global market is expected to secure a CAGR of 4.8% during the forecast period. Which Sectors are Fueling the Global Market? The global market is influenced by various sectors including: Food and Beverage Industry:One of the major drivers for …
Foam Pouch Market Poised for Growth to US$ 941.37 Million by 2033, Fueled by Increased Demand for Protective Packaging Solutions
The global foam pouch market is expected to reach a valuation of US$ 941.37 million by 2033, growing at a CAGR of 5.0% between 2023 and 2033. The increasing adoption of foam pouches across various commercial and industrial sectors propels market demand. Foam pouches have become ideal packaging solutions for protecting and safeguarding fragile items from scratches and other external forces. …