New Product Development
The global PE resins market is forecast to expand at 3.3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 1,43,622.2 million in 2023. The soaring demand for PE resins from the construction and automotive industries is expected to foster overall market growth. Heightened discretionary income is fueling the …
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The global mailer boxes market is anticipated to capture a valuation of US$ 3.85 billion in 2023 and reach US$ 7.57 billion by 2033. The global market is estimated to register a CAGR of 7.0% during the forecast period. Mailer Boxes are Effective Packaging Solutions that Enhance Consumer’s Experiences These boxes protect goods and products …
According to Future Market Insights (FMI), a healthy 6.5% CAGR is expected to take the valuation of the global time temperature indicator labels market from US$ 917.6 million in 2023 to US$ 1,715.6 million in 2033. During transportation and shipping, it is important to avoid products getting damaged by the external environment. This is where a time temperature indicator label can be a …
The edible films and coatings market is anticipated to expand from US$ 2,210.0 million in 2023 to over US$ 4,871.0 million by 2033 at a CAGR of 8.2%. The demand for edible films and coatings is propelled by factors like food preservation and quality maintenance, consumer preference for natural and safe products, customization and personalization, regulatory support, and technological advancements. Challenges exist …
The frozen food packaging market is projected to be valued at US$ 900 million in 2023 and grow to US$ 2.0 billion by 2033. The market is estimated to capture a CAGR of 8.3% during the forecast period. The rising demand for sustainable and excellent packaging are driving the adoption of frozen food packaging. The …
The blister packaging market is projected to grow significantly in the coming years. The market size is expected to reach US$ 13,953.6 million in 2023 and rise to US$ 26,940.0 million by 2033. The sales of blister packaging are anticipated to thrive at a CAGR of 6.8% during the forecast period. The global pharmaceutical sector’s increasing production output has created a significant demand …
The global sachet packaging market is expected to attain an impressive valuation of US$ 9,814.3 million in 2023 and is projected to reach US$ 17,381.9 million by 2033, expanding at a CAGR of 5.9% from 2023 to 2033. The portability and on-the-go functionality of sachet packaging is redefining the concept of its consumption which is fostering growth in the market. Rising consumer …
The global gummed tapes market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 6.2% during the assessment period from 2021 to 2031. According to a new forecast by Future Market Insights (FMI), sales of gummed tapes are anticipated to nearly double between 2021 and 2031. Market Dynamics The gummed tapes market …
Continue reading “Gummed Tapes Market is Expected to Reach at a US$ 1.9 Billion by 2031 | FMI”
The digital printing packaging market is forecast to experience a growth rate of 5.1% over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 18,666.50 million in 2023 and is expected to be worth US$ 30,696.45 million by 2033. The driving force behind the demand …
The global polyester straps market is anticipated to reach a valuation of US$ 1.0 billion in 2023, driven by shift towards sustainable packaging solutions. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.4% between 2023 and 2033, and reaching a total valuation of approximately US$ 2.1 …