The global Steel Drums & IBCs Market is expected to hit a market value of US$ 16 Bn by 2022, and is expected to reach US$ 22.5 Bn expanding at a CAGR of 4.8% from 2022-2029. FMI’s new study estimates growth to hover at 4.8% mark during the next decade. Increasing global trade and growing proclivity to invest in efficient transportation are supporting …
Category Archives: Packaging Facts
Growing Environmental Concerns Drive Demand for Compostable Foodservice Packaging Solutions Worldwide, US$ 29.3 billion by 2033
According to Future Market Insight, the global market for compostable foodservice packaging is forecast to reach US$ 18.9 billion in 2023 and accelerate at a moderate CAGR of 4.5% during the assessment period (2023 to 2033). Overall compostable foodservice packaging sales are predicted to total a valuation of US$ 29.3 billion by 2033. Rising demand for eco-friendly and sustainable packaging solutions across diverse …
Increasing Focus on Sustainability Boosts the Global Molded Wood Pallets Market Growth US$ 4.66 billion in 2033
According to a recent projection by FMI, sales of molded wood pallets market are estimated to increase from US$ 2.70 billion in 2023 to US$ 4.66 billion in 2033. The molded wood pallets market is projected to develop at a CAGR of 5.6% during the forecast period. The market value is increasing due to factors including the advantageous …
Rising Demand for Sturdy and Sustainable Packaging Drives Heavy Duty Corrugated Packaging Market Growth by 2033
Future Market Insights delivers vital insights on the heavy duty corrugated packaging market, in its published report titled, ‘Heavy Duty Corrugated Packaging Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029’. In terms of revenue, the global heavy duty corrugated packaging market is projected to expand at an approximate CAGR of 5% during the forecast period, owing to numerous factors, regarding …
Timber Wrap Films Market: Trends, Challenges, and Future Scope for Sustainable Packaging Solutions by 2029
The global timber wrap films market is set to be worth US$ 445.4 Million in 2022, and is projected to expand at a CAGR of 4.3% to top a valuation of US$ 601 Million by 2029. Future Market Insights delivers vital insights on the timber wrap films market in its published report, titled “Timber Wrap Films Market: Global Industry Analysis 2014-2021 and Opportunity Assessment …
Global Paper Edge Protectors Market to Enlarge CAGR of 4.5% by 2033
By the end of 2033, the market for paper edge protectors is predicted to be worth US$ 4.56 billion, up from an anticipated US$ 2.91 billion in 2023. From 2023 to 2033, the market is anticipated to see a CAGR of 4.5%. The revenue of paper edge protectors market will be primarily sustained by rapid industrialization, subsequently …
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Plastic Dielectric Films Market to reach US$ 1.5 billion by 2029: Current Landscape, Key Trends, and Future Prospects
With a CAGR of 4.1% anticipated to reach US$ 1.5 billion by 2029, the global market for plastic dielectric films is predicted to reach over US$ 1.1 billion in 2022. Consumption of plastic dielectric film will make up 4.5% of the global market for packaging consumer electronics in 2021. Increased energy efficiency is a top priority for …
Exploring the Global Aluminum Extrusion Market: Trends, Growth Factors, and Future Outlook by 2029
Expanding at a CAGR of 4.4%, the global aluminum extrusions market is projected to increase from a valuation of US$ 121.1 Billion in 2022 to US$ 163.3 Billion by 2029. Over 2022-2029, the global aluminum extrusions market revenue is anticipated to grow at a CAGR of 4.4%, according to the report of Future Market Insights (FMI). Curtain walls and door & …
Rising Demand for Compact and Lightweight Packaging to Drive Utility Pouches Market Growth by 2870
The utility pouches market worldwide is anticipated to grow from a value of US$40.56 billion in 2022 to US$40.5 billion in 2032 at a predicted CAGR of 5.5%. Its value is projected to increase to US$ 69.28 billion by 2032. The market’s growth can be ascribed to the rise in pre-packaged food and beverage demand …
Increasing Demand for Convenient and Sustainable Packaging Solutions to Boost Resealable Closures and Spouts Packaging Market by 2032
For their businesses to be competitive, manufacturers must create creative items. The size, shape, and design of portable bags with resealable closures and spouts that may be carried from one place to another are all carefully considered by producers. The resealable spouts and closures market is expanding in the toiletries, cosmetics, personal care, and food …