New Product Development
The gummed tapes market is expected to experience significant growth with a CAGR of approximately 6.2% between 2021 and 2031, resulting in nearly tripled sales. Gummed tapes, also known as water-activated tapes, are widely used in packaging due to their strong adhesive properties, ensuring secure sealing during transportation and storage. The market growth is primarily …
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The micro perforated films packaging market is set to grow at a robust CAGR of 4.5% from 2023 to 2033, with an estimated market value of nearly $1.46 billion in 2023, expected to exceed $2.28 billion by 2033. The market’s rapid expansion is primarily propelled by the increasing demand for fresh food and the growing …
The temperature-controlled pharmaceutical packaging solutions market is projected to experience robust growth at a CAGR of 7.8% during the forecast period, reaching a value of $7.4 billion by 2032, compared to $4 billion in 2022. Temperature-controlled containers currently hold a significant 45% share in the global pharmaceutical product packaging market, with historical data showing a …
The Europe luxury packaging market is expected to witness substantial growth in the coming years, with its value projected to reach US$ 2.3 billion by 2023. Despite a sluggish 3.5% CAGR from 2023 to 2033, the market is anticipated to accelerate, resulting in a market valuation of US$ 3.2 billion by 2033. Leading markets in …
Tube filling packaging machines are robust and automatic machines designed for efficiently filling product items into tubes. These versatile machines find application in various industries, including food, chemicals, pharmaceuticals, cosmetics, personal care, and consumer goods. The tube filling machine market can be categorized based on product types, modes of operations, applications, and regions. Two main …
The paper wraps market is poised for significant developments, with the coated paper wraps segment expected to be the dominant player, displaying a robust CAGR of 4.6%. The increasing adoption of coated paper wraps can be attributed to their exceptional protective qualities, driving their widespread popularity in various industries. Moreover, the plastic rigid packaging containers …
The corrugated fanfold packaging market is projected to grow at a CAGR of 4.3% during the forecast period, reaching a value of US$ 15,930.9 million by 2032, compared to US$ 10,456.7 million in 2022. The increasing demand for corrugated fanfold packaging can be attributed to the rising need for affordable and environmentally friendly packaging solutions. …
The artificial intelligence (AI) in packaging market is poised for remarkable growth, projected to be valued at US$ 2,080.8 million in 2023 and expected to rise to US$ 6,015.6 million by 2033, reflecting a significant compound annual growth rate (CAGR) of 11.20% during the forecast period. AI in packaging involves leveraging cutting-edge technologies such as …
The specialty pulp & paper chemicals market is projected to achieve a market valuation of US$22 billion by 2022, exhibiting a steady CAGR of 3.1% between 2022 and 2032. By 2032, the market share for specialty pulp & paper chemicals is anticipated to reach around US$30 billion, driven by increased demand due to the COVID-19 …
The polystyrene packaging market is poised for significant growth, with Future Market Insights (FMI) projecting a strong compound annual growth rate (CAGR) of 4.4% between 2022 and 2032. The market’s sales are expected to surge from US$ 23 billion in 2022 to an impressive US$ 35.5 billion by 2032. The adaptability of polystyrene packaging to …
