New Product Development
The market for PVC packing straps has expanded steadily, with a year-on-year growth rate of 3.8% during the period from 2018 to 2022. The global market value concluded at an estimated value of US$ 134 million by the end of this historical period in 2022. The net worth of all PVC packing straps is anticipated …
Continue reading “PVC Packing Straps Market is Expected to Reach at a US$ 213 Million by 2033 | FMI”
In 2023, the market for contract packaging was expected to be valued at US$ 47.2 billion. It is anticipated that the industry will be valued at US$ 49.6 billion by the end of 2024. The global contract packaging market is expected to expand at a 5.10% CAGR over the course of the forecast period, reaching …
The reusable packing market is forecast to experience a growth of 5.5% over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 109.09 billion in 2023. By 2033, the market is projected to touch US$ 186.34 billion. Reusable packaging has always been around from time …
The global cassava bags market is estimated to secure a CAGR of 7.6% during the forecast period. The market is anticipated to capture a valuation of US$ 66.93 million in 2023 and reach US$ 139.23 million by 2033. Manufacturers Bring Sustainability by Developing Cassava Bags Cassava bags are a potentially sustainable alternative compared to traditional plastic bags. …
The tracing paper market is forecast to experience a growth of 2.4% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 470.73 million in 2023. The demand for paper has seen a considerable escalation in recent years and is projected to expand consistently, …
The global thermoforming machines market is estimated to secure a valuation of US$ 961.0 million in 2023 and US$ 1,463.9 million by 2033. The global market is anticipated to capture a CAGR of 4.3% during the forecast period. Which Sectors Are Fueling the Global Thermoforming Machines Market? Various sectors influence the global market. These sectors …
The global recycled polyethylene terephthalate (rPET) market is experiencing a surge, with a projected valuation of US$20.61 billion by 2032. This significant growth, driven by a CAGR of 7.4%, reflects a growing consumer and industry focus on sustainability. Sustainability Drives Demand Consumers are increasingly aware of the environmental impact of plastic waste, fueling demand for …
Consumers and businesses alike are yearning for eco-friendly alternatives, and the sugarcane fiber bowls market is rising to the challenge! Projected to reach US$78 billion by 2033, this market is on a steady upswing with a CAGR of 5.6%. A Sustainable Superstar Sugarcane fiber bowls are the perfect blend of functionality and environmental responsibility. Made …
The capsule filling machines market is forecasted to experience a growth of 4.8% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 588.35 million in 2023. The high prevalence of chronic diseases in the mass population has kindled the demand for capsules. In …
Continue reading “Capsule Filling Machines Market to Touch US$ 939.43 Million by 2033 | FMI”
According to forecasts, the aluminum tubes market is expected to be US$ 820.83 million in 2023 and US$ 1,415.44 million by 2033. Using flexible aluminum packaging instead of rigid aluminum packaging improves accessibility in the space, resulting in more cost-effective transportation. The global market for metal tubes has several difficulties, including instability in the price …