The chocolate wrapping films market is anticipated to thrive at an average CAGR of 4.5% between 2023 and 2033. The market is expected to have a market share of US$ 1,148.6 million by 2033, while it is likely to be valued at US$ 739.65 million in 2023. Due to which vendors are innovating premium cardboard-based luxury packaging solutions, increasing demand for premium chocolates …
Category Archives: Packaging Facts
Box Liners Market Driven by Increasing Demand across Various End-Use Industries | Says FMI
The box liners market size is slated to cross a valuation of US$ 400.40 million in 2023 and is predicted to hit a valuation of US$ 710.15 million by 2033. The box liners market share is estimated to expand at a CAGR of 5.9% from 2023 to 2033. Consumption of box liners is increasing significantly in the electronic industry, processed food industry, consumer …
Cartoning Machines Market Growth Supported by Demand for Innovating Packaging Solutions
The cartoning machines market is poised for significant growth, with the global market size projected to reach US$ 4,748.10 million by 2023. The cartoning machines are expected to witness a robust CAGR of 5% from 2023 to 2033. By 2033, the cartoning machines industry is anticipated to reach a valuation of US$ 7,734.15 million. Innovating packaging solutions have been growing in demand …
Child Resistant Locking Pouches Market: Increasing Adoption in Pharmaceutical & F&B Industries Propels Growth
Sales of child resistant locking pouches worldwide between 2018 and 2022 have already exhibited strong development, achieving a CAGR of 4.4%. As per the findings of the FMI market survey, the global sales value of child-resistant locking pouches in 2022 reached US$ 1,231.4 million. The global child resistant locking pouches market’s estimated value in 2023 is nearly US$ 1,307.75 million. …
Expansion of Building & Construction Sector Fuels Demand for Strapping and Banding Equipment | Says FMI
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 is Expected to Reach a US$ 1,959.77 Million by 2033 | FMI
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. Producers trading beverages like spirits, wine, and drinks are increasingly deploying bulk liquid transport packaging to facilitate the safety of the products …
Waterproof Packaging Market is Driven by Increasing Usage of Electronics, Reach at a US$ 969.43 Billion by 2033
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. The waterproof packaging market is expected to grow steadily due to the increased usage of electronics …
Digital Printing Dominates Printed Boxes Market: Technological Advancements Drive Competitive Edge for Key Players
The global sales of printed boxes have grown significantly during the last few years and reached a worth of around US$ 20.4 billion in 2022. The year 2023 is witnessing a continuation of this pattern, with an expected net worth of US$ 21.4 billion. Printing is one of the key factors aiding the growth and expansion of the packaging industry. …
Strapping Devices Market: Growing Need for Secure Packaging Solutions Boosts Sales
The global strapping devices market is expected to be worth US$ 4.71 billion by 2023. Between 2023 and 2033, the market is projected to expand at a 4.7% CAGR, reaching a value of US$ 7.46 billion. The strapping devices industry is propelled by the growing demand for secure and efficient packaging solutions in various sectors, such as logistics, manufacturing, and e-commerce. As …
Automotive Tape Market Propelled by Eco-Friendly Tapes and Technological Advancements | Says FMI
The automotive tapes market is forecast to experience a growth of 4.1% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 3991.0 million in 2024 The automotive tape market is experiencing a remarkable surge, fueled by the emergence of eco-friendly tapes and rapid technological advancements. These developments not only …