According to a study by FMI, the packaging supplies market is valued at US$ 248 billion in 2022 and is projected to reach US$ 399.5 billion by 2032, growing at a CAGR of 4.9%. The emergence of new markets in the e-retail space and their expansion into new marketplaces drive the consumption of various types …
Category Archives: Packaging Facts
Booming Demand Projected: Trays Market to Reach US$ 31.5 Billion by 2032
Trays are widely used as primary packaging materials due to their affordability, lightweight nature, durability, and suitability for various industries such as food chains, restaurants, and pharmaceuticals. These factors are the key drivers of growth in the trays market. The global tray market is projected to expand at a compound annual growth rate (CAGR) of …
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Explosive Growth Foreseen: Stretch Sleeve Labels Market to Surpass US$ 11.8 Billion by 2032
Stretch sleeve labels are a type of ready-to-use labels that are applied to containers without the need for adhesives. These labels are commonly made from plastic materials such as polyethylene terephthalate glycol (PETG) to suit different requirements. Stretch sleeve labels find wide applications in industries like food, beverage, pharmaceuticals, personal care & cosmetics, homecare, and …
Preserving Medicines, Empowering Care: Unveiling the Pharmaceutical Plastic Bottles Market, Registering CAGR of 10.5% by 2033
The net worth of the market share of pharmaceutical plastic bottles is predicted to grow from US$ 35.8 Billion in 2023 to over US$ 97.1 Billion by 2033. This is expected to further drive the market share and register a CAGR of 10.5% between 2023 and 2033. The pharmaceutical plastic bottles market has witnessed significant growth in recent years, and this trend is …
Shining Brilliance: Unveiling the Metallized Films Market’s Impact on Packaging Innovation in Next Ten Years
The global metallized films market is expected to hit a market value of more than US$ 4 Billion by 2022, and is expected to reach US$ 5.6 Billion expanding at a CAGR of 5% from 2022-2028. Metallized films, also known as metallized plastic films, are created through a process known as metallization. In this process, a thin layer of metal, typically aluminum, is …
Container Liner Market Soars to US$ 891 million by 2033, Driven by Increasing Global Trade Demand
A recent report by Future Industry Insights (FMI) predicts that the container liner market will witness a steady growth rate of 4.6% annually from 2023 to 2033. The projected growth indicates positive prospects for the container liner market, which is valued at US$891 million in 2023. Container liners are extensively used in multiple industries for …
Plastic Healthcare Packaging Market Surges to US$ 40,306.8 million by 2033, Fueled by Growing Medical Industry Needs
According to projections from a report, the plastic medical packaging market is expected to grow at a compound annual growth rate (CAGR) of 5% over the forecast period, reaching a value of US$24,768.7 million in 2023 and US$40,306.8 million in 2033. The increasing demand for safe and hygienic packaging solutions in the healthcare industry is …
Metallized PET Cartons Market to Reach US$ 288.1 million by 2033, Driven by Rising Demand for Sustainable Packaging Solutions
The global metallized PET cartons market is projected to experience steady growth, driven by several factors. According to Future Market Insights (FMI), the market is expected to reach a value of US$185.1 million in 2023, with a compound annual growth rate (CAGR) of 4.5% during the forecast period. By 2033, the market is estimated to …
Anti-counterfeit Packaging Market Worth US$ 422.8 Billion by 2032, as Companies Invest in Robust Security Measures to Combat Counterfeit Products
The global anti-counterfeit packaging market is expected to reach a value of US$137.4 billion in 2022, with a robust compound annual growth rate (CAGR) of 11.9%. By 2032, the market size is projected to reach US$422.8 billion. Brand owners are increasingly adopting anti-counterfeiting packaging solutions to maintain the integrity of their original manufactured products throughout …
Global Drug Delivery Solutions Market to Exceed US$ 181.9 billion by 2031, Propelled by Technological Advancements in Targeted Therapies
The global drug delivery solutions market is experiencing significant growth, with a projected value of US$181.9 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% between 2021 and 2031. This growth is driven by the expansion of the healthcare industry and the need for solutions to combat counterfeiting practices, as reported by …