The market for packaging volatile corrosion inhibitors (VCI) was estimated at US$ 778 million in 2020 and is anticipated to increase at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2029, reaching US$ 1.18 billion. Rapid industrialization in industries like aerospace, automotive, and processing is the primary cause of the rising demand for metals, …
Category Archives: Packaging Facts
Pallet Wraps Market Projected to Reach US$ 9.12 Billion by 2033, Driven by Increased Demand for Secure and Safe Packaging Solutions
The pallet wraps market is poised for significant expansion, with a projected CAGR of 4% from 2023 to 2033, reaching a valuation of US$9.12 billion. This growth is primarily driven by the rising demand for secure and safe cargo transportation. Pallet wraps play a crucial role in securing and protecting goods during transit, effectively reducing …
Pulp Molding Machine Market Poised to Reach US$ 1.1 Billion by 2033, Fueled by Growing Demand for Eco-friendly Packaging Solutions
The pulp moulding machine market in North America is expanding significantly, with the United States playing a significant role. The necessity for eco-friendly alternatives and the growing awareness of plastic pollution have led to a dramatic shift in the nation’s packaging industry towards sustainable options. The demand for pulp moulding machines in the area has been significantly …
Global Direct-to-Shape Inkjet Printers Market to Reach USD 6.6 billion by 2030, Driven by Lucrative Investment Opportunities and Prominent Market Share in North America
The direct-to-shape inkjet printers market is poised for significant expansion in the coming years. It is projected to achieve a value of US$3.8 billion by 2022, with a CAGR of 7.2%, eventually reaching a market value of US$6.6 billion by 2030. The increasing demand for personalized goods is a major driver of the sales growth …
Heavy Duty Bags & Sacks Market Poised to Reach US$ 16.6 billion by 2028, Fueled by Growing Demand in Food and Agricultural End Usage
The heavy-duty bags and sacks market is steadily expanding and is projected to reach a value of US$16.6 billion by 2028, with a CAGR of 3.6%. In 2022, the market was valued at US$13 billion. The food and agriculture sectors are expected to hold a significant portion of the market, accounting for nearly 40% in …
Sweets Wrapped with Success: Unraveling the Thriving Confectionery Packaging Market
Confectionery Packaging Market: Unwrapping the Basics Before we delve into the intricacies of confectionery packaging, let’s first understand the fundamentals of this market. The Confectionery Packaging Market primarily revolves around the packaging of various sweet treats, including chocolates, candies, toffees, gummies, and more. The goal of packaging goes beyond protection; it aims to enhance the …
Unleashing Efficiency and Innovation: The Surging PET Stretch Blow Molding Machines Market Crossing US$ 978.4 Million by 2033
Introduction In the fast-paced world of manufacturing and packaging, innovation is a driving force. The PET Stretch Blow Molding Machines Market has emerged as a game-changer, revolutionizing the packaging industry with its advanced technology and versatility. This article will delve into the intricate details of PET stretch blow molding machines, their applications, and their impact …
Sealing the Future: Exploring the Thriving Plastic Caps & Closures Market to Anticipate US$ 76,953.0 Million by 2033
Introduction The Plastic Caps & Closures Market plays a pivotal role in the packaging industry, ensuring the protection and preservation of various products. From beverages to pharmaceuticals, plastic caps and closures provide a seal of security, safeguarding the contents from contamination, leakage, and tampering. In this article, we delve into the fascinating world of plastic …
Evolving Trends in Retail E-Commerce Packaging With 5.0% CAGR by 2027: A Comprehensive Market Analysis
Understanding Retail E-Commerce Packaging Market E-commerce packaging encompasses all the materials and solutions involved in protecting, transporting, and presenting products purchased through online platforms. It involves a range of packaging types, from primary packaging that comes into direct contact with the product to secondary and tertiary packaging that safeguard the product during transit. The Growth …
Plastic Tubes Revolutionizing the Market: Unveiling their Surprising Advantages, Anticipated 5.0% CAGR by 2031
Introduction The Plastic Tubes Market has witnessed remarkable growth in recent years, owing to the versatility and convenience of these tubes across various industries. From packaging to medical applications, plastic tubes have become an integral part of our daily lives. In this article, we will delve into the intricate details of this market, exploring the …