New Product Development
The global mini spray bottles market is poised for growth, with an anticipated Compound Annual Growth Rate (CAGR) of approximately 4.3% during the forecast period 2031. The remarkable sales of mini spray bottles across end-use industries can be attributed to their cost-effectiveness and the convenience of being easy to carry and use. This makes them …
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With an anticipated average CAGR of 4.9% from 2022 to 2032, the packaging supplies market is set to grow steadily. Starting at a valuation of US$ 248.3 billion in 2022, it is expected to reach approximately US$ 399.5 billion by 2032. End-users such as the food and beverage, healthcare, and cosmetics industries drive the consumption …
The global custom boxes market is estimated to capture a valuation of US$ 48.34 billion in 2023 and reach US$ 74.36 billion by 2033. The global market is anticipated to register a CAGR of 4.4% during the forecast period. Market share has seen a notable boost due to swift technological advancements and ongoing innovations in product development. …
The cryogenic boxes market is anticipated to experience a steady compound annual growth rate of 7.3% from 2022 to 2032, resulting in a rise in market value from US$ 326.2 million in 2022 to US$ 657.3 million by 2032. As the demand for cryogenic boxes surged, particularly for transporting COVID-19 vaccine vials, syringes, and various healthcare products, …
The global direct thermal printing films market is on a promising trajectory, with an anticipated valuation of US$ 219.76 million expected in 2023. The market’s growth is primarily attributed to the increasing utilization of Point of Sale (POS) terminals in warehousing and retail establishments. Direct thermal printing films exhibit exceptional resistance to various elements such as heat, …
The tobacco packaging industry involves the wrapping of dried tobacco leaves for various products like cigarettes, cigars, smokeless tobacco, and raw tobacco. This packaging plays a crucial role in enhancing and preserving the freshness and flavor of the product during transit, effectively preventing deterioration and transmission of fragrance. Anticipated to reach a sum of US$ …
With a valuation of approximately US$ 29.5 billion in 2021 and a Y-o-Y growth of 3.3%, the global flow wraps market is expected to witness robust sales with a healthy Compound Annual Growth Rate (CAGR) of 3.9%, reaching a projected valuation of US$ 44.4 billion by 2032. In 2022, the anticipated growth in global consumption of flow …
The bulk liquid transport packaging market is projected to register a CAGR of 3.5% during the forecast period. It is anticipated to reach a market share of US$ 1,959.77 million in 2033 from US$ 1,388.35 million in 2023. The increasing consumption of a diverse array of chemical products across multiple industries is a key driver fueling the …
The worldwide polystyrene packaging market is poised for growth and is anticipated to reach an estimated value of US$ 24.01 billion by 2023. Sales of polystyrene packaging are expected to exhibit robust growth at a healthy compound annual growth rate (CAGR) of 4.4%. This growth trajectory is projected to culminate in the market achieving a substantial valuation …
The artificial intelligence (AI) in packaging industry is projected to reach a value of US$ 1,790.8 million in 2024 and is expected to grow to US$ 23,415.2 million by 2034. The sales of AI in packaging are forecasted to have a significant compound annual growth rate (CAGR) of 29.3% during the forecast period. Artificial intelligence (AI) …
