New Product Development
Market for Overcaps In 2023, the overcaps market, which is currently valued at US$ 38.5 billion, is expected to grow at a CAGR of 5.1%. Because to improvements in packaging, the industry is anticipated to grow to US$63.3 billion by 2033. The overall demand for overcaps is raised by the constantly expanding demand for a …
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An overview of the container mouth inner seal market In all end-use industries, there is a growing demand for more inventive, flexible packaging. Two essential characteristics, tamper evidence and hermetic sealing, are typically required for container mouth inner seals. A hermetic seal guarantees that the packaged contents are protected from contamination and kept fresh, while …
Outline of the world market for photographic paper Due to the introduction of superior printing technology, which improves the product’s aesthetic appeal, the printing business has experienced tremendous growth in recent years. To make photographic prints, a light-sensitive chemical is placed on photographic paper. When exposed to light, photographic paper can capture the image or …
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The global molded fiber pulp cap market size reached US$ 1.16 Bn in 2021 and is likely to touch a valuation of US$ 1.2 Bn in 2022. The overall sales of molded fiber pulp caps are slated to rise at 4.4% CAGR between 2022 and 2032, totalling a valuation of US$ 1.8 Bn by 2032. Molded Fiber is now being used as protective packaging …
The global metal closures market is anticipated to grow from US$ 28.4 Bn in 2022 to US$ 50.8 Bn by 2032, with the overall sales rising at around 6% CAGR throughout the forecast period. Rising demand for metal closures from various end-use industries including food & beverages, pharmaceuticals, cosmetics & personal care, etc., is a key factor driving growth in the global market. …
The global plastic bottles market size reached US$ 60.2 Bn in 2021 and is likely to surpass a valuation of US$ 62.5 Bn in 2022. The overall sales of plastic bottles are expected to rise at 5.5% CAGR between 2022 and 2032, totalling a valuation of US$ 97 Bn by 2032. The plastic bottles market is a rapidly growing industry that is expected to …
The demand for elastic films is anticipated to grow significantly at a CAGR of roughly 6% to 7% during the assessment period of 2022 to 2032. Sales of elastic films are expected to increase globally due to the development of new elastic films as a result of expanding technological advancements and rising female awareness of …
Throughout the projected period, the market for paperboard jars is anticipated to expand significantly. A number of products, including food, beverages, personal care items, and pharmaceuticals, are packaged in paperboard jars, a type of packaging constructed from the same material. The market is expanding as a result of the rising demand for environmentally friendly packaging …
Throughout the projected period, a substantial pace of growth is anticipated for the horizontal flow wrapping machines market worldwide (2022-2032). This growth is linked to the rising need for automation in the food and beverage industry as well as the rising demand for packaged food items. Snacks, confectionery, bakery goods, and many other consumer goods …
By 2022, buttress closure market are predicted to have a sizable market value, and by 2032, they will have greatly increased. A 7% growth rate is expected from 2022 to 2032 throughout the projected period. The increasing demand for effective packaging solutions in the food and beverage sectors is predicted to be the primary driver …
