The global market for compostable foodservice packaging is forecast to reach US$ 18.9 billion in 2023 and accelerate at a moderate CAGR of 4.5% during the assessment period (2023 to 2033). Overall compostable foodservice packaging sales are predicted to total a valuation of US$ 29.3 billion by 2033. Rising demand for eco-friendly and sustainable packaging solutions across diverse end-use industries to reduce …
Category Archives: Packaging Facts
Adoption of Plastic Dielectric Films Market is Driven by Increasing Energy-efficient and Eco-friendly Products
The plastic dielectric films market is currently valued at approximately US$ 1,192.2 million in 2023, and it is expected to witness steady growth with a Compound Annual Growth Rate (CAGR) of 4.1%, ultimately reaching a market valuation of US$ 1,748.98 million by 2033. Plastic Dielectric Films Market: A Closer Look Plastic Dielectric Films, also known as polymer films, are insulating materials used in …
Rising Demand for Reused Products for Recycling is Driving Returnable Transport Packaging Market (RTP) Growth
The returnable transport packaging market is estimated to secure a valuation of US$ 27.81 billion in 2023 and is estimated to rise to US$ 45.73 billion by 2033. The market is capturing a CAGR of 5.1% during the forecast period. Returnable transport packaging (RTP) is considered highly safe and efficient, which bolsters adoption in numerous end-use industries such as food & beverages, building …
Transport Cases & Boxes Market is Driven by Technological Developments and Innovation Bolster | Says FMI
The transport cases & boxes market size is projected to be valued at US$ 1.7 billion in 2023 and is expected to rise to US$ 2.4 billion by 2033. The sales of transport cases & boxes are expected to grow at a significant CAGR of 3.5% during the forecast period. The transport cases and boxes market is …
Barrier Shrink Bags Market to Reach US$ 2.8 Billion by 2033 Invest in Sustainable Packaging Solutions | FMI
As per FMI, the total sales of barrier shrink bags for the year 2023 are estimated to be around US$ 2,112.3 million. The overall barrier shrink bags market is projected to register a CAGR of 5.9% during the forecast period. Barrier shrink bags are a type of flexible packaging solution that is made from plastic shrink …
Disposable Cutlery Market is Driven by Increasing Focus on Hygiene, Projected to Reach at a US$ 2.6 Billion by 2033
The global disposable cutlery market is expected to value US$ 2.6 billion by 2033. In 2023, the market size is anticipated to be US$ 1.6 billion. The CAGR during the forecast period is projected to be at 4.9%. The manufacturers in the market are making use of biodegradable products to put a check on land pollution. Moreover, biodegradable disposable cutleries are …
Active Packaging Market Booming Invest in Smarter Solutions for Food & Pharma Industry US$ 43.3 Billion by 2027 | FMI
While the onset of the pandemic led to a slight downturn in demand for active, smart, and intelligent packaging within The next year witnessed a substantial rise in demand in the food and beverage and pharmaceutical industries, mostly due to the surge in demand for pharmaceutical supplies and vaccinations. Over the projected time, this rise …
Blackout Your Packaging Game with Carbon Black For Packaging Market: The Innovative Packaging Solution- FMI
The global carbon black containers market is expected to be valued at US$ 201.9 million in 2023 and reach a valuation of US$ 266.11 million by 2033. The demand for carbon black for packaging is estimated to grow at a steady 2.8% CAGR. The global Carbon Black Containers Market is on the cusp of a …
Aluminum Foil Containers Market is Projected to Reach US$ 6.5 Billion over the Forecast Period by 2033 | FMI
The aluminium foil containers market is anticipated to reach US$ 3.8 billion in 2023 and post a CAGR of 5.5%. Over the forecast period, the valuation is expected to reach US$ 6.5 billion. The aluminum foil containers market is assisting the food and beverage industry by providing packaging solutions that are useful for the storage of perishable …
Thermoformed Containers Market is Anticipated to Reach US$ 31.6 Billion by 2033 | FMI
The global thermoformed containers market is forecasted to exhibit a Compound Annual Growth Rate (CAGR) of 4.6% between 2023 and 2033. Beginning in 2023, the market is anticipated to achieve a valuation of US$ 19.9 billion, with projections indicating an increase to US$ 31.6 billion by the end of 2033. The projected growth of the …