The paint cans market is predicted to be worth US$ 5,117.84 billion in 2023, and rise to US$ 7,680.93 billion by 2033. Initially, the global market was expanding at a CAGR of 3.1% during 2018 to 2022. The need for paint cans to improve the aesthetic appeal of buildings has been fueled by the accessibility …
Category Archives: Packaging Facts
Promising Innovations in Technology May Create New Market Potential For Economic Actors. BOPET Packaging Films Market to Witness a CAGR of 5.5% through 2033
The global BOPET packaging films market is to register a CAGR of 5.5% and is expected to reach from US$ 7.14 billion in 2023 to US$ 12.31 billion by 2033. The need for clean and quality food is stimulating the size of the global BOPET packaging films market. BOPET Packaging Films Future Trends Growing packaging …
Development of Optimized Industrial Electronics Packaging Solutions that Reduce Environmental Impact to Enhance Market Scope
The global industrial electronics packaging market is predicted to register a CAGR of 4.1% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 1,944.9 million in 2023 to US$ 2,906.73 million by 2033 end. Surging industrial automation is projected to open up a plethora of opportunities for …
Rigid Industrial Packaging Market is Anticipated to Grow Due to Rising Demand from the Food and Beverage Sectors.
The rigid industrial packaging market is expected to increase from US$ 32,547.1 million in 2023 to US$ 50,862.1 million by 2033. The Development of Recyclable and Sustainable Packaging Materials Finding that are increasing applications in industrial packaging: The low environmental effect Expanding emphasis on recyclability and sustainability Government attention to efficient packaging management An increasing prohibition on plastic, sustainable, and biodegradable packaging solutions …
Increased Consumption of Pre-Packaged Food Augmenting Sales of Compostable Foodservice Packaging Market | Says FMI
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 …
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 …