The foamed plastic market is poised to expand from US$ 53.9 billion in 2024 to US$ 78.3 billion by 2034. This stable increase reflects a CAGR of 3.80% through 2034. The foamed plastic industry is driven by the growing demand from various end-user industries such as construction, automotive, packaging, and electronics. The lightweight nature of …
Category Archives: Packaging Facts
Flatback Tape Market Sticks to Growth Trajectory: Innovation and Sustainability Pave the Way
The flatback tape market is on a roll, projected to reach a staggering US$ 2.0 billion by 2034. This translates to a compelling CAGR (Compound Annual Growth Rate) of 5.5%, highlighting the growing demand for efficient and versatile packaging solutions. Market Poised for Digital Transformation The rise of digitalization presents a wealth of opportunities for …
Sustainable Expansion: Octabin Market Forecasted to Surpass US$ 378 Million by 2034, Driven by 2.5% CAGR
The octabin market is on a steady climb, projected to reach US$ 378.8 million by 2034. This growth, fueled by a CAGR of 2.5%, highlights the increasing demand for sustainable and efficient packaging solutions. A Perfect Fit for Sustainability in Logistics Octabins are winning hearts (and wallets) with their versatility. These bulk packaging containers offer …
Unfolding Opportunities: Global Paper Napkin Making Machine Market to Exceed US$ 187.4 Million by 2033, Despite Sluggish 3.2% CAGR
The global paper napkin-making machine market is anticipated to reach US$187.4 million by 2033, reflecting a steady rise at a CAGR of 3.2% from its estimated value of US$136.7 million in 2023. This press release by FMI explores the key factors propelling market growth. Heightened Focus on Hygiene and Sustainability Fueling Demand The market is driven by …
Industrial Pails Market Surges to US$ 12.1 Billion by 2032, Driven by 4.6% CAGR and Demand for Optimum-Sized Packaging
The global industrial pails market is on track for consistent growth, with a projected valuation of US$ 12.1 billion by 2032. This translates to a CAGR (Compound Annual Growth Rate) of 4.6% from 2022, driven by a growing need for sustainable and secure bulk packaging solutions. Market Poised to Reach US$ 12.1 Billion by 2032 …
Resilient Growth Trajectory: Metal Can Market Value to Soar to US$ 49.3 Billion by 2034, Fueled by Consistent 2% CAGR
The metal can market is poised for substantial growth, fueled by a confluence of factors including heightened environmental awareness, evolving consumer preferences, and expanding applications across various industries. With a projected CAGR of 2%, the market is set to burgeon from US$ 40.4 billion in 2024 to US$ 49.3 billion by 2034. Notably, aluminum is anticipated to …
Airless Packaging: Hallmark for User-friendly Design to Contain Beauty Products: Market Anticipated to Expand at 4.7% CAGR
The global airless packaging market is predicted to register a CAGR of 4.7% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 5.9 billion in 2023 to US$ 9.5 billion by 2033 end. The airless packaging industry has high scope for expansion in the forecast period. This …
Aluminum Cans Market : FMI Estimates a Valuation of US$ 92.31 Billion for the Industry by 2033 | FMI
According to Future Market Insight, the global aluminum cans market is projected to reach a value of US$ 92.31 billion by 2033, registering a CAGR of 4.7%. This is a significant surge from its estimated value of US$ 58.31 billion in 2023. Aluminum Cans Market Demand Analysis The rise of closed-loop recycling practices has opened …
Grab and Go Bottles Bottles Market is to Grow to US$ 133.7 Billion by 2033, New sustainability initiatives are driving adoption at a 5% CAGR
The market for grab and go bottles is predicted to record a 5% CAGR between 2023 and 2033. The market is projected to generate US$ 82.1 Billion in 2023 and US$ 133.7 Billion by 2033. Until then, the market was growing, with a market size of US$ 78.2 Billion in 2022. Manufacturers of grab and …
Sustainable Alternatives Drive Cling Film Market to US$ 2.2 Billion by 2033 | FMI
The global cling film market is is expected to experience rapid growth, rising from US$ 1,291.5 million in 2023 to US$ 2,197.6 million in 2033. Over the course of the projection period, a consistent increase in demand for cling films is anticipated, with a Compound Annual Growth Rate (CAGR) of 5.5%. Key Drivers: Features and Versatility: …
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