The global paperboard jar marketis estimated to follow a progressive path to register its sluggish advancement at a CAGR of 3.2%. This intends to uplift the market size from US$ 338.2 million to US$ 463.4 million during the forecasted period. The global paperboard jar market is poised for significant growth driven by increasing customer demand for …
Category Archives: Packaging Facts
Growing Role of BOPP Packaging in the Food and Beverage Industry, Predicted to Rise at a CAGR of 2.40% through 2034
The BOPP bag market is likely to reach US$ 1,109.8 million in 2024. The sales of BOPP bags is anticipated to rise at a moderate CAGR of 2.40% through 2034. The industry is forecasted to hit US$ 1,406.8 million by 2034. BOPP (Biaxially Oriented Polypropylene) has emerged as a favored packaging material within the food and beverage …
Rising Demand for Mesh Bags in Fruit and Vegetable Packaging, Rising at a 3.2% CAGR- FMI Report
The global mesh bag market is on the brink of reaching a substantial valuation, projected to reach US$ 1.5 billion by 2023. The growth is primarily driven by the burgeoning interest and insights surrounding the mesh bag market. The trend is expected to open doors to new opportunities within the market, with a projected CAGR of 3.2% from 2023 to 2033. …
High Demand for Sustainable Packaging Solutions Drives Old Corrugated Containers Market | Says FMI
The global old corrugated containers (OCC) market size is estimated to be valued at US$ 41.4 billion in 2023. Old corrugated container sales are anticipated to reach US$ 65.7 billion by 2033. The market will likely expand at a CAGR of 4.7% during the forecast period 2023 to 2033. Corrugated packaging producers are embracing sustainability by utilizing recycled materials to craft new containers. …
E-Commerce Boom: Driving Growth in the Packing Box Market, Reach at a US$ 230.37 Billion by 2033
The packing boxes market is forecasted to exhibit a 5% CAGR through 2033, as per FMI’s analysis. The industry’s size is predicted to extrapolate from US$ 141.44 billion in 2023 to US$ 230.37 billion by 2033. The packing box market is experiencing a significant shift driven by the rise of e-commerce. With the convenience of shopping from home and a plethora of …
Rising Demand, Rising Concerns: Trends and Challenges in the Packing Tape Market | Says FMI
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. The adoption of packing tapes is hindered by environmental changes, posing …
Global Active, Smart, and Intelligent Packaging Market: Driving Forces and Investment Opportunities | FMI
While the onset of the pandemic led to a slight downturn in demand for active, smart, and intelligent packaging within The The food and beverage and pharmaceutical industries saw significant increases in demand the following year, primarily as a result of a spike in the demand for immunizations and pharmaceutical supplies. This increase is expected to …
Micro Perforated Films Packaging Market: Sustainable Solutions Driving Growth
As per the latest analysis from Future Market Insights (FMI), the micro perforated films packaging market is anticipated to foresee steady growth until 2023, with a 3.6% annual increase in revenue. Between 2023 and 2033, the market is projected to expand at a compound annual growth rate (CAGR) of 4.5%, reaching US$ 2.28 billion by that …
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Beverage Packaging Market Thrives on Innovation and Global Consumption Trends | FMI
The global beverage packaging market is anticipated to have a substantial worth and reach US$ 164 billion by 2023. With a projected CAGR of 4.2% from 2023 to 2033, the market is expected to surge to an estimated total worth of roughly US$ 108.7 billion by 2033. It is projected that the market will expand quickly …
Molded Wood Pallets Market Grows on Efficiency and Global Trade Expansion
The global market for molded wood pallets is expected to expand quickly in 2023, with yearly revenue growth of 2.0%. Sales of molded wood pallets are expected to rise from US$ 2.70 billion in 2023 to US$ 4.66 billion by 2033, according to a recent FMI projection. Over this period, the market for molded wood pallets …
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