The global industrial filling machine market is anticipated to reach a valuation of US$ 12.2 billion in 2023, driven by rising demand from food & beverage industry. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 18.1 billion by 2033. Automation and …
Category Archives: Packaging Facts
Pharmaceutical Packaging Equipment Market: Adoption of Advanced Technologies Likely to be Beneficial for Market Growth
The global pharmaceutical packaging equipment market is anticipated to reach a valuation of US$ 5.6 billion in 2023, driven by growing biopharmaceutical industry. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 9.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 13.3 billion by 2033. The adoption of advanced technologies in …
Global Smart Label Market Set to Expand at a CAGR of 10.3%: Reaching US$ 21.1 Billion by 2034 | FMI
The global smart label market is poised for significant growth, with an anticipated expansion from US$ 8.0 billion in 2024 to US$ 21.1 billion by 2034, representing a robust Compound Annual Growth Rate (CAGR) of 10.3%. This growth is attributed to various key trends and factors shaping the smart label market landscape. Get a Sample …
Global Packaging Straps and Buckles Market Projected to Reach US$ 5.7 Billion by 2032 | FMI
The global packaging straps and buckles market is expected to reach US 5.7 billion by 2032, reflecting a healthy CAGR of 5.0% from its 2021 valuation of US$ 3.4 billion, according to a recent market report. This growth is fueled by a confluence of factors, including the booming e-commerce sector and the expanding construction industry, particularly in …
Global Plastic Sterilization Trays Market Set to Reach US$ 33.4 Billion by 2033 | FMI
The global plastic sterilization trays market is witnessing robust growth, with a projected valuation of US$ 15.9 billion in 2023. According to market forecasts, the market is expected to expand at a Compound Annual Growth Rate (CAGR) of 7.7% between 2023 and 2033, reaching an estimated value of US$ 33.4 billion by 2033. Request Sample …
Global Packing Tape Market Expected to Grow Annually at 4.8% Through 2033, Reveals FMI Study
According to the FMI analysis report, the global demand for packing tape market is expanding rapidly and is expected to witness a 4.8% CAGR from 2023 to 2033. With this growth trajectory, the overall market value could soar from US$ 22.8 billion in 2023 to an astonishing US$ 36.5 billion by 2033. Prior to this boom, the industry saw slower growth, with a CAGR …
Protein Purification Resin Market to Witness Impressive Growth with 9.3% CAGR, Reaching US$ 13.8 Billion by 2032
The global protein purification resin market is expected to generate a valuation of US$ 13.8 billion by 2032, with sales growing at a stellar CAGR of 9.3% from 2022 to 2032. Valued at US$ 5.7 billion in 2022, the market is shaped by increasing spending on research and development efforts as well as an upsurge in governmental and non-governmental funds in …
Steel Containers Market Forecast: Projected Growth at 3.0% CAGR by 2032, FMI Reports
The global steel containers market stood at US$ 115.43 Billion in the year 2022 and is expected to reach US$ 155.12 Billion by the year 2032 at a CAGR of 3% between 2022 and 2032. Stainless steel containers are used to transport, store, and handle a plethora of drinks, food, and various other products. The basic advantage …
Strapping Equipment Market is Projected to Achieve a Valuation of US$ 2.2 Billion by 2034, According to FMI’s latest Analysis.
Safety, cost efficiency, and time effectiveness can all be achieved by the packaging giants and startups with the help of strapping equipment. This trend will push the demand to gain a 2.30% CAGR through 2034. This will propel the market to a valuation of US$ 1.8 billion by 2024 and US$ 2.2 billion by 2034. The strapping equipment market is driven by …
Paper Cone Cup Market to Grow at a CAGR of 4.75% to Reach US$ 3.5 Billion by the End of the 2032
The global sales of the paper cone cup cups market are anticipated to create robust growth opportunities over the forecast period from 2022 to 2032 by exhibiting a CAGR of 4.75% from 2022 to 2032. The global market was valued at US$ 2.2 Billion in 2022 and is anticipated to surpass a valuation of US$ …