The global sterile rubber stoppers market was valued at US$ 2.1 billion in 2022, and it is projected to reach US$ 3.5 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6-7% between 2022 and 2032. Sterile rubber stoppers are closures used to provide a sterilized seal to pharmaceutical and medical containers …
Category Archives: Packaging Facts
Plastic Corrugated Sheets Market Surges to US$ 2.60 billion by 2033: Unmatched Demand Drives Unprecedented Growth
According to a recent market analysis conducted by Future Market Insights (FMI), the plastic corrugated sheets market is poised to grow at a Compound Annual Growth Rate (CAGR) of 6.2%. By 2023, the market is projected to reach a value of US$1.42 billion, with an estimated value of US$2.60 billion by 2033. The market’s growth …
Booming Stretch Wrappers Market to Reach US$ 710.4 million by 2031: Unprecedented Growth on the Horizon
The stretch wrappers market is forecasted to exhibit steady growth in the coming years, with a projected Compound Annual Growth Rate (CAGR) of 5.6% and an estimated value of US$710.4 million by 2031. This growth will be propelled by various factors, including the rapid expansion of the e-commerce sector, a rising demand for automated packing …
Explosive Growth in Pallet Wraps Market: US$ 9.12 billion Industry by 2033
The pallet wraps market is projected to experience substantial growth, reaching a valuation of US$ 9.12 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033. This growth can be attributed to the growing need for safe and secure transportation of goods. Pallet wraps are essential for securing and …
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Expanding Blow-Fill-Seal Equipment Market: Set to Reach US$ 7.7 billion by 2028
The blow-fill-seal equipment market is expected to exhibit a CAGR of 5.9% during the forecast period of 2022-2028. The growth of this market is primarily driven by the expanding packaging industry and the increasing application of blow-fill-seal equipment across various end-use industries. The demand for blow-fill-seal equipment, which is used for packaging vials, bottles, prefilled …
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Robust Growth in Returnable Plastic Crates Market: Estimated to Surpass USD 2.4 Billion by 2029
The returnable plastic crates market is projected to witness substantial growth in the foreseeable future, with an anticipated increase in value from USD 1.6 billion in 2022 to USD 2.4 billion by 2029, representing a Compound Annual Growth Rate (CAGR) of 5.6% during the period from 2022 to 2029. Returnable plastic crates offer numerous advantages …
Increasing Popularity of Water Soluble Pods Packaging Drives Market to US$ 1.2 billion by 2033
The water soluble pods packaging market is expected to experience significant growth in the coming years, with sales projected to reach US$244.6 million by 2022 and a compound annual growth rate (CAGR) of 16.4% leading to a value of US$621.6 million by 2028, according to a report from Future Market Insights. One of the key …
Rapid Growth in Industrial Pails Market: Projected to Exceed US$ 12.1 Billion by 2032
The industrial pails market is anticipated to undergo significant growth in the coming years, with an average compound annual growth rate (CAGR) of 4.6% from 2022 to 2032. By the end of this period, the market is estimated to reach a value of approximately US$12.1 billion. The growth of the industrial pails market can be …
Surging Demand for Folding IBCs Propels Global Market to Reach US$ 527 million by 2027
The flexible intermediate bulk containers (IBCs) market, specifically folding IBCs, is expected to experience significant growth in the coming years, with a projected compound annual growth rate (CAGR) of 4.8%. It is anticipated to reach a value of US$418 million by 2022 and increase to US$528 million by 2027. The growth in the folding IBC …
Gusseted Bags Market Set to Surpass US$ 26 billion by 2026, Driven by Increased Demand for Convenient and Versatile Packaging Solutions
The gusseted bag market is expected to exhibit steady growth during the forecast period, with a projected compound annual growth rate (CAGR) of 2.8%. By the end of 2026, the market is estimated to generate sales of approximately US$26,008.8 million. Gusseted bags are versatile packaging solutions that find extensive use in various food products, particularly …