The tapes market is expected to experience significant growth, with a projected value of US$ 78.5 billion in 2023, increasing to US$ 126.6 billion by 2033. The building & construction sector is showcasing impressive growth in Asia Pacific. The sector includes industrial construction, real estate, and repair & maintenance along with other industries. Expansion of the building …
Category Archives: Packaging Facts
Pallets Market is Expected to Expand at a 5.3% CAGR by 2033 | FMI
According to the global pallets market survey report by FMI, the market reached a valuation of US4 6,036 million back in 2022. As per the new market analysis report, the total sales of pallets in the year 2023 are estimated to be around US$ 6,386.1 million. Throughout the forecast years from 2023 to 2033, the global demand for pallets …
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Boosting Corrosion Protection Tape Market: Innovations in Materials and Adhesive Tech | Says FMI
The global market for corrosion protection tapes is expected to experience significant growth from 2022 to 2031, with a compound annual growth rate (CAGR) of 4.4%, resulting in a valuation of US$ 1.8 billion by 2031. The corrosion protection tape market is experiencing a significant boost due to ongoing innovations in materials and adhesive technologies. These advancements are enhancing the performance …
Growing Demand for Eco-friendly Packaging Drives the Adoption of Sustainable Materials for Hang Tags Market | FMI
The hang tags market is predicted to be worth US$ 1,861.0 million in 2023 and rise to US$ 3,148.8 million by 2033. Demand initially expanded at a market CAGR of 3.3% between 2018 and 2022. The increasing emphasis on environmental sustainability has spurred a growing demand for eco-friendly packaging solutions across various industries. As part of this trend, businesses are turning to sustainable …
Enhancing Packaging Functionality: The Rise of Packaging Additives Market, Projected to Reach at a US$ 900 Million by 2033 | FMI
In the realm of packaging additives play a crucial role in elevating product quality and longevity. With advancements in technology and consumer demands evolving, the development of new additives has become paramount. These additives are tailored to enhance specific functionalities such as anti-fogging, anti-microbial properties, and improved barrier properties for better product preservation. As the …
Trends in the Heat Induction Cap Liner Market, Reach at a US$ 862.4 Million by 2034 | FMI
The global heat induction cap liner market value is expected to rise from US$ 664.1 million in 2024 to US$ 862.4 million by 2034. This estimated growth is expected to be driven by a CAGR of 2.60% in the heat induction cap liner industry over the next decade. Consumers are increasingly gravitating towards packaging with easy-to-open lift-up tabs, prompting brands and businesses to …
Keeping Their Cool: Cooling Fans Market Blows Hot with Sales Growth of 10.4% CAGR by 2032
The global market size for cooling fans reached approximately US$ 7.9 billion in 2022 and is expected to exceed a valuation of US$ 21.2 billion by 2032. Moreover, fueled by the rapid expansion of industries such as automotive and consumer electronics, overall cooling fan sales are projected to experience a remarkable Compound Annual Growth Rate (CAGR) of …
IBC Rental Business Market is Anticipated to Reach at a US$ 2.2 Billion by 2033 | FMI
The global IBC rental business market is anticipated to reach a valuation of US$ 1.27 billion in 2023, driven by increasing emphasis on sustainability & reusable packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.7% between 2023 and 2033, and reaching a total valuation of approximately US$ 2.2 billion by 2033. One of …
Rising E-commerce Demands Propel Paper Pallet Market Adoption, Expected US$ 1.2 Billion by 2033
The global paper pallet market is anticipated to reach a valuation of US$ 707.5 million in 2023, driven by environmental sustainability. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.6% between 2023 and 2033, and reaching a total valuation of approximately US$ 1.2 billion by 2033. The rapid growth of the e-commerce industry has …
Volatile corrosion inhibitors (VCI) packaging Market is Projected to Grow at a CAGR of 6.1% by 2033 | FMI
The global volatile corrosion inhibitors (VCI) packaging market is anticipated to reach a valuation of US$ 825.4 million in 2023, driven by increasing proliferation of electronic devices and components. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.1% between 2023 and 2033, and reaching a total valuation of approximately US$ 1.4 billion by 2033. …