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Future Market Insights has recently published a report titled “Industrial Drums Market: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2027).” The report states that the preference for industrial drums is steadily rising owing to their convenience and inexpensive nature. A drum is a round and hollow holder utilised for delivery of mass freight. …
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Soaring consumption of carbonated and non-carbonated drinks has been translating into improving prospects of bottles, jars, and other similar packaging formats, which in turn, lead to increasing sales of plastic caps & closures. The global plastics caps & closures market is projected to clock an impressive CAGR of 5% during 2022 – 2029, majorly driven by the …
Rising application in logistics and transportation has been fuelling sales of multi-depth corrugated boxes. According to Future Market Insights (FMI), the multi-depth corrugated boxes market is forecast to reach US$ 856.7 Mn in 2021. These boxes are cut down to the required size and height of the package is adjusted as per the size of the …
Global bulk container packaging sales are set to grow at 3.1% in 2021, up from a modest 1.8% growth witnessed in 2020, according to latest insights presented by Future Market Insights (FMI). Bulk container packaging demand remained lackluster in 2020, mimicking the broader sluggishness in global economy. However, as revival commences, bulk container packaging manufacturers can expect …
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Plastic rigid IBCs are containers used to store and transport various bulk material from one place to another, typically from the manufacturing plant to warehousing or even departmental stores. They are largely used in various end user industries for storage and transportation applications. The global plastic rigid IBC market is influenced by aspects such as rising demand …
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The lubricant packaging market is projected to record a CAGR of ~5% during 2019-2029, majorly driven by the sales of automobiles, despite increasing prevalence of electric vehicles in the transport sector. An incessant rise in number of passenger vehicles worldwide has translated into rewarding opportunities for the lubricant packaging manufacturers. However, it is pertinent to note that …
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In terms of value, the global filament tapes market is projected to increase at a CAGR of over 7% during the forecast period (2020-2026), owing to various factors, regarding which, FMI offers vital insights in detail in this report. Rise in infrastructural development, increasing purchasing power of consumers, and rapid growth of the e-Commerce sector …
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Technology upgradation has major contribution towards increasing sales of micro perforated films packaging across the globe. Future Market Insights (FMI) in a new study has forecast the market to rise on expanding packaging industry, resilient ecommerce, and growing food delivery sector. Advent of laser technology with advanced features such as laser power control, laser-pulse confirmation, and in-line …
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The North America fresh meat packaging market is expected to grow at 3.1% CAGR surpassing the market valuation of US$ 788 million in 2021. The growth can be attributed to availability of customization in clear meat packaging and high demand for convenient packaging solutions among urban population. Competition in the North America market for fresh meat packaging is expected soar. FMI …
On the back of their superior water resistance, grease & oil resistance, and compliance with food standards, barrier coated papers continue to gather preference for packaging and printing applications. Projected for a promising CAGR of more than 4% during 2022 – 2029, a new Future Market insights (FMI) report anticipates the market to receive a major boost from …
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