The global steel drums & IBCs market is estimated to hit a market value of US$ 13,995.9 million in 2023. The market is expected to reach US$ 21,735.2 million expanding at a CAGR of 4.5% from 2023 to 2033. The global demand for Steel Drums & IBCs Market accounted for revenues equating US$ 13 Bn in 2021; FMI’s new study estimates growth to hover at 4.8% …
Category Archives: Packaging Facts
Advantages over Traditional Pallets and Sustainable Properties Boost Molded Wood Pallets Market Globally by 2033
In 2023, the market for moulded wood pallets is anticipated to expand dramatically, with global revenues rising 2.0% annually. According to a recent forecast by FMI, sales of moulded wood pallets will increase from US$ 2.70 billion in 2023 to US$ 4.66 billion in 2033. The market for moulded wood pallets is forecast to grow …
Rising Demand for Timber Transportation and Protection Fuels Global Timber Wrap Films Market Growth by 2033
The global timber wrap films market is set to be worth around US$ 464.8 million in the present year 2023. As per the global timber wrap market analysis report released by FMI, it is projected to register a CAGR of 4.3% during the forecast period. In its recently released study titled “Timber Wrap Films Market: Global Industry Analysis 2014-2021 and Opportunity …
Growing Need for Safe and Secure Transportation of Goods Drives Global Transport Cases & Boxes Market by 2033
The market for transport cases and boxes is anticipated to reach US$ 1.7 billion in 2023 and US$ 2.4 billion by 2033. Containers like transport cases and boxes are made to move goods and equipment securely. They are employed in many different industries, including those that produce medical equipment, aircraft, defence, and electronics. The growing …
User-Friendly Packaging Solutions Drives Global Snap-on Closures Market Growth worth US$23.7 billion by 2033
By 2033, it is anticipated that the market for snap-on closures would be worth US$23.7 billion. Throughout the forecast period, a CAGR of 4.6% is expected to be achieved by the market. The market is anticipated to be worth $15.1 billion by 2023. Global data depicting the snap-on closures consumption by F&B and personal care …
Global Pharmaceutical Plastic Bottles Market Size Predicts US$ 97.1 Billion by 2033
The pharmaceutical plastic bottles market is projected to grow in the coming years, driven by factors such as the increasing use of plastic bottles in the packaging of pharmaceutical products, the growing demand for packaging solutions that can preserve the quality and safety of drugs, and the increasing adoption of innovative packaging technologies. Additionally, the growing demand …
Expanding Beer Industry and Rising Trend of Craft Breweries Drive Global Kegs Market Growth US$ 1.5 billion in 2033
The kegs market is estimated to generate market revenue of US$ 939 million in 2023 and is projected to reach US$ 1.5 billion in 2033, at a CAGR of 4.5% from 2023 to 2033. Kegs Market refers to the business of buying, selling, and trading kegs, which are large containers used for storing and transporting beverages such as beer, wine, and spirits. The market for …
Growing Environmental Concerns and Shift Towards Sustainable Practices Drive Compostable & Biodegradable Refuse Bags Market by 2033
The compostable & biodegradable refuse bags market is predicted at a valuation of US$ 318.1 million in 2023 and is expected to reach US$ 653.0 million by 2033. The market is likely to register a CAGR of 7.5% during the forecast period. The increasing demand for eco-friendly plastic alternatives and pollution control favors the adoption of compostable …
Increasing Need for Medication Safety and Quality Control Drives Global Medication Pouch Inspection Systems Market Growth by 2029
Future Market Insights forecasts a comparison and review analysis of the dynamics of the medication pouch inspection systems market, which is primarily influenced by a variety of industry factors as well as a few definite influences such as high capital investments for maintaining and installing medication pouch inspection systems, which are expected to stymie market growth. …
Rising Demand for Personalized Apparel and Textiles Propels Heat Transfer Films Market Growth by 2028
The market for heat transfer films is anticipated to reach US$ 2.3 billion by 2022 and continue to grow at a CAGR of 5.9% from 2022 to 2028. The market is driven by the increasing demand for heat transfer films from various end-use industries such as textiles, automotive, and packaging. Heat transfer films are widely …