The biodegradable film market is slated to have a valuation of USD 1,258.4 million in 2024. The packaging industry is thriving as a result of the industrial boom, especially in Asian nations. However, the packaging industry also has to face up to the reality of a significant amount of products being used in packaging being harmful to the …
Category Archives: Packaging Facts
Global Tobacco Packaging Market to Reach USD 20.2 Billion by 2034 Amidst Regulatory Shifts and Product Innovation
The global tobacco packaging market is on track to achieve a significant milestone, with its value expected to reach USD 15.5 billion by 2024 and further expand at a CAGR of 2.7%, reaching USD 20.2 billion by 2034. This growth is fueled by continuous product innovation, evolving consumer preferences, and the increasing adoption of tobacco …
Global Flow Wrap Market Poised to Reach USD 7.1 Billion by 2034 Despite Modest Growth Rate
The global Flow Wrap Market is projected to reach a valuation of USD 7.1 billion by 2034, growing at a CAGR of 3.70% over the next decade. Despite the modest growth rate, this market is anticipated to witness significant value expansion from its current valuation of USD 4.9 billion in 2024, presenting substantial opportunities for …
Global Bottles Market Set for Robust Growth, Projected to Reach USD 188.7 Billion by 2033
The global bottle market is on a trajectory of significant growth, with an anticipated market valuation of USD 113.6 billion by the end of 2023. This momentum is expected to continue, with the market projected to expand at a robust compound annual growth rate (CAGR) of 5.2%, reaching approximately USD 188.7 billion by 2033. Changing …
Global Multiwall Bags Market Poised for Steady Growth, Expected to Reach USD 24.42 Billion by 2033 | FMI
The global multiwall bags market is on a trajectory of steady growth, with a projected average Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. By 2023, the market is expected to reach a revenue of approximately US$ 15.57 billion, and it’s anticipated to surpass US$ 24.42 billion by 2033. According to an analysis by FMI, …
Global Rigid IBC Market Poised for Significant Growth, Set to Reach USD 33,974 Million by 2034 | FMI
The global rigid intermediate bulk container (IBC) market is forecast to experience robust growth over the next decade. According to recent market analysis, the global rigid IBC market is expected to exhibit a year-on-year (y-o-y) growth rate of 5.0% in 2024, reaching a valuation of USD 19,531 million. The market is projected to grow at …
FMCG Packaging Market Set to Soar, Expected to Reach USD 778.7 Billion by 2033 | FMI
The global Fast-Moving Consumer Goods (FMCG) packaging market is projected to experience substantial growth over the next decade. According to a recent analysis by Future Market Insights (FMI), the market is expected to expand at a compound annual growth rate (CAGR) of 5.8% during the forecast period, starting from a revenue base of USD 443.1 …
Global Punnet Market Set for Robust Growth, Projected to Reach USD 1.8 Billion by 2033 | FMI
The size of the worldwide punnet market is anticipated to expand significantly between 2023 and 2033. The global market is predicted to achieve a valuation of US$ 1,102.3 million in 2023, according to the research report released by Future Market Insights. By 2033, its value is anticipated to reach US$ 1,795.5 million. From 2023 to 2033, the …
Flatback Tape Market Set to Reach USD 2.0 Billion by 2034: Projected 5.5% CAGR Driven by Digitalization, Elastic Tapes, and Online Grocery Growth
The global flatback tape market is set for substantial growth, with projections indicating it will reach a value of USD 2.0 billion by 2034. The market, currently valued at USD 1.2 billion in 2024, is anticipated to grow at a compound annual growth rate (CAGR) of 5.5% over the next decade. This surge is driven by …
Octabin Market Projected to Grow to USD 378.8 Million by 2034: 2.5% CAGR Driven by Sustainable Packaging Trends and Expanding eCommerce
In 2024, the global octabin market is valued at USD 364.2 million and is anticipated to grow at a steady CAGR of 2.5% from 2024 to 2034, reaching USD 378.8 million by the end of the forecast period. Octabins, known for their versatility in bulk packing, cost-effectiveness, durability, and adaptability, are increasingly preferred in various industries, particularly …