New Product Development
The global old corrugated containers (OCC) market stands at US$ 14.7 Bn as of now and is expected to reach US$ 22 Bn by the year 2032 at a CAGR of 4.1% between 2022 and 2032. Old corrugated containers are abreast with wood pulp fiber that does render them valuable in paper packaging vertical. The governments all …
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The candle boxes market is estimated to be worth USD 3.3 billion in 2022, with a projected value of USD 5.5 billion by 2032. Over the forecast period, the candle boxes market is expected to grow at a CAGR of 5.4% through 2032. The COVID-19 pandemic has dramatically altered people’s daily lives all over the world for …
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The packing boxes market is anticipated to have a steady CAGR of 5% during the period 2022-2032. The packing boxes market size is predicted to grow from US$ 134.7 Bn in 2022 to US$ 219.4 Billion in 2032. Growing urbanisation and population necessitated the movement of materials from one location to another, necessitating the adoption of packing …
As per the study at FMI, the packaging supplies market is valued at US$ 248 billion in 2022 and is expected to reach US$ 399.5 billion by 2032, growing at a 4.9% CAGR. The new markets penetrating through the e-retail spaces, enlarging their spaces in the new marketplaces consumes carious type of packaging according to the product. Packaging supplies vendors focus …
Rising application of metal packaging solutions in food & beverages, personal care, healthcare, household & consumer, and industrial sectors is boosting the metal packaging market. One of the primary growth factors for the metal packaging market is demand metal packaging is essential for human civilization’s long-term survival. Metal, being a permanent substance, preserves its qualities even …
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Wine packaging will gain traction due to growing alcohol consumption across the world. Future Market Insights opines, sales of wine packaging are expected to surge at a CAGR of 5.4% between 2022 and 2032 In recent years, modern businesses have witnessed the needs of exporting goods produced in their country, along with importing goods that are …
As per Future Market Insights, the demand in the food packaging market is driven by rising need for packaged food and stringent government policies regarding packaging. Hence, end users in developing economies are switching from unpackaged to packaged foods. Consumption of packaged products with a longer shelf life is surging due to rising health consciousness and awareness …
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As per Future Market Insights, the global tobacco packaging market will reach US$ 14.1 Bn in 2022. With sales increasing at a 3.2% CAGR, the market valuation is anticipated to surpass US$ 19.3 Bn by 2032. Increasing urbanization and the popularity of cigarettes among the youth. Additionally, stressed lives, as well as increased workload and a demanding …
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The global semiconductor packaging market is expected to reach US$ 26.9 Bn in 2022. Sales are projected to increase at a 6.5% CAGR over the assessment period, with the market valuation reaching US$ 50.6 Bn by 2032. Semiconductor packaging is widely used in electronic devices as it plays the role of mediator between substances. Semiconductor packaging performs …
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The hot melt adhesive tapes market is expected to expand at healthy CAGR during the forecast period. This growth is attributed to the growing sealing applications in the transport & logistics industry. Properties such as high peel strength and good insulation to drive the market of hot melt adhesive tapes during 2019-29. Emerging economies of …