The global composite cardboard tubes market is anticipated to reach a valuation of US$ 1.7 billion in 2023, driven by growing demand for luxury packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 3.1 billion by 2033. The rapid growth …
Category Archives: Packaging Facts
Transit Packaging Market Thrives on Pharmaceutical Industry’s Need for Product Quality Assurance
The transit packaging market is predicted to be worth US$ 70.86 billion in 2023 and rise to US$ 239.5 billion by 2033. The global industry was expanding at a CAGR of 8.3% from 2018 to 2022. The pharmaceutical industry’s top floor is occupied by the demand for transit packaging. Ensuring product quality is essential, leading to the …
Pharmaceutical Vials Market is Anticipated to Reach at a US$ 24,099.7 Million by 2033 | FMI
The market for pharmaceutical vials is anticipated to be worth US$ 12137.2 million in 2023 and US$ 15652.4 million in 2033. The United Kingdom, the USA, China, and India are expected to emerge as major producers as the market for pharmaceutical vials expands at a constant 2.6% CAGR. The constantly growing pharmaceutical business is driving up demand for pharmaceutical vials on …
Paper Bag Market is Anticipated to Reach a Valuation of US$ 8.7 Billion by 2034, Progressing at a CAGR of 4.3% | FMI
The paper bag market is estimated to be valued at US$ 5.6 billion in 2024. The market is anticipated to achieve a valuation of US$ 8.7 billion by 2034, growing at a CAGR of 4.3% from 2024 to 2034. Standard plastic bags cause significant pollution in land and water bodies due to their slow decomposition rate. Biodegradable paper bags are considered a sustainable, …
Bubble Wrap Packaging Market is Projected to Reach a Valuation of US$ 4.2 Billion by 2034 | FMI
In 2024, the bubble wrap packaging industry is expected to be valued at an impressive US$ 3.1 billion. The bubble wrapping sector is predicted to grow rapidly and reach US$ 4.2 billion by 2034, exhibiting a CAGR of 3.1% through 2034. The main driving force behind this growth is the superiority of bubble wrap as a lightweight and effective means of product …
Micro Perforated Films Packaging Market is Anticipated to Reach at a US$ 2.28 Billion by 2033 | FMI
The recent analysis from Future Market Insights (FMI) indicates a positive trajectory for the micro-perforated films packaging market, forecasting a 3.6% year-over-year increase in global sales through 2023. Projections suggest the market’s value is set to reach US$ 1.46 billion in 2023, with an anticipated surge to surpass US$ 2.28 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) …
Innovative Packaging Technologies Fuel Next Generation Market Growth Amidst Rising Consumer Concerns for Product Traceability
The global next generation packaging market is on track to achieve a market valuation of US$ 12,847.9 million by 2023. Demand is set to gain momentum at a projected CAGR of 6.43% from 2023 to 2033. The market is expected to reach US$ 23,952.9 million by 2033. As consumer expectations for product quality and origin transparency continue …
Global Nutraceutical Packaging Market Set to Surpass US$ 3,755.7 Million in 2023, Projected CAGR of 5.4% to Reach US$ 6,354.73 Million by 2033
The global nutraceutical packaging market is poised for substantial growth, with projections indicating a market size exceeding US$ 3,755.7 million in 2023 and expected to reach US$ 6,354.73 million by 2033, boasting a Compound Annual Growth Rate (CAGR) of 5.4%. The industry is undergoing significant transformations driven by evolving consumer preferences and sustainable packaging trends. …
Bottle Carriers Market is Anticipated to Reach a Valuation of US$ 895 Million by 2032 | FMI
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. In the healthcare sector, these carriers are mainly used to transport or store chemicals, whereas in the food …
Food Clamshells Industry is Expected to Reach at a US$ 2.46 Billion by 2033 | FMI
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. RFID labels and QR codes are increasingly used on food clamshells because they simplify product tracing and tracking. Intelligent packaging is expected …
Continue reading “Food Clamshells Industry is Expected to Reach at a US$ 2.46 Billion by 2033 | FMI”