The hemp-based packaging market is expected to experience significant growth, with a projected value of US$224 million in 2023 and an estimated rise to US$782 million by 2033. The sales of hemp-based packaging are anticipated to record a notable compound annual growth rate (CAGR) of 13.3% during the forecast period. Hemp-based packaging is gaining popularity …
Category Archives: Packaging Facts
Sustainable Packaging Market Set to Surpass $533.9 Billion by 2033, Fueled by Growing Demand and the Rise of Compostable Packaging
The sustainable packaging market is anticipated to reach a valuation of US$ 266.4 billion in 2023, with a compound annual growth rate (CAGR) of 7.2% throughout the forecast period. This growth trajectory is expected to continue, reaching US$ 533.9 billion by 2033. A key driver of the sustainable packaging industry is the growing consumer preference for environmentally …
Cap Liner Market to Reach $1.8 Billion by 2032, Driven by Growing Demand and High Preference for Heat Induction Cap Liners
The cap liner market has been showing steady growth, with the revenue totaling US$1.07 billion in 2021, according to FMI. It is projected to reach US$1.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2032. The demand for cap liners is expected to increase, with the top …
Bamboo Straws Market to Reach $7.3 Million by 2032, Fueled by E-Retail Growth and Consumer Preference for Eco-friendly Alternatives
According to Future Market Insights, the global bamboo straws market is estimated to be valued at US$4.3 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.3% to reach US$7.3 million by 2032. Bamboo straws are crafted from genuine bamboo stalks without altering or crushing them. They offer various advantages, …
Packaging Film Market Set for Steady Growth, Surging to US$223.5 Billion by 2033
Packaging Film Market to Witness Steady Growth: Expected to Reach US$149.6 Billion in 2023, Surging to US$223.5 Billion by 2033 at a CAGR of 4.1% The growth of the market in emerging countries can be attributed to factors such as urbanization, rising consumer disposable income, and the demand for packaged foods. Consumers are showing a …
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Expanding Growth Opportunities in the Global Rigid Box Market: Projected to Reach US$5.5 Billion by 2032, Driven by E-commerce and Premiumization Trends
The worldwide rigid box market is anticipated to have a wide range of growth opportunities between 2022 and 2032. The market saw a CAGR of 5% to 6% for the entire period of valuation. The global market is anticipated to achieve a value of US$ 5.5 billion by the end of 2032. The rapidly growing e-commerce and …
Growing Demand for Antimicrobial Packaging Ingredients in Food Packaging: Market Poised to Reach US$4,104.5 Million by 2032
The global antimicrobial packaging ingredients in food packaging market is set to witness significant growth, with a market value of US$2,694.1 million in 2022 and an expected increase to US$4,104.5 million by 2032, representing a CAGR of 4.3%. Factors such as changing lifestyles, evolving food preferences, and increasing populations in developing countries are driving the …
Steady Growth Expected in the Shoe Packaging Market: Reaching US$8.7 Billion by 2032 Driven by Brand Value and Customized Packaging Solutions
The shoe packaging market is projected to show steady growth in the coming years, with an estimated value of US$5.9 billion in 2022 and a predicted increase to US$8.7 billion by 2032, representing a compound annual growth rate (CAGR) of 3.9%. The rising demand for shoe packaging can be attributed to its role in protecting, …
Growing Demand for Environmentally Friendly Packaging: Global Kraft Paper Market to Reach US$ 19,821.4 Million by 2032
The global kraft paper market is predicted to grow at a compound annual growth rate (CAGR) of 2.2% and reach a value of US$19.82 billion by 2032, compared to its current value of US$15.94 billion. Kraft paper is gaining popularity as a packing material due to its minimal environmental impact. It is produced using the kraft process …
Tapes Market to Reach $126.6 Billion by 2033, Driven by Demand for Protective Packaging and Adhesive Properties of Pressure-Sensitive Tapes
The tapes market is projected to experience substantial growth, reaching a value of US$78.5 billion in 2023 and expanding further to US$126.6 billion by 2033. The demand for tapes is driven by various factors, including the need for protective packaging to ensure safe transportation. However, market players face challenges due to fluctuations in raw material costs. Pressure-sensitive …