The duct tape market is anticipated to experience consistent growth, with an average compound annual growth rate (CAGR) of 5.1% between 2022 and 2032. This growth can be attributed to several factors that drive the demand for duct tape across various industries and among different consumer groups. The construction industry plays a pivotal role in the expansion …
Category Archives: Press Release
Expanding Global Pharmaceutical Packaging Market to Surpass US$ 206.6 billion by 2033, Fueled by Rising Demand for Product Protection and Preservation
According to Future Market Insights, the global pharmaceutical packaging market is poised for significant growth in the coming years. This growth is primarily driven by the projected increase in pharmaceutical sales, which is fueled by factors such as rising disease prevalence and growing health awareness. A notable trend in the pharmaceutical packaging industry is the development of …
Technological Advancements Drive Global Stretch Films Market to Reach US$ 3.7 Billion by 2030, Fueled by Growing Demand for Flexible Packaging Formats
According to a report by Future Market Insights, the stretch film market is expected to experience gradual expansion between 2022 and 2030, with a compound annual growth rate (CAGR) of 4.7%. By the end of this period, the market is projected to reach a value of US$ 3.7 billion. The growth of the stretch film market can …
Global Intermediate Bulk Container (IBC) Market Set to Surpass US$ 46.2 Billion by 2033, Driven by Rising Demand Across Industries and Cross-Border Trade Expansion
According to Future Market Insights, the global intermediate bulk container (IBC) market is expected to experience significant growth, with a rise in market value from US$ 23.8 billion in 2023 to US$ 46.2 billion by 2033. The demand for IBCs is projected to grow at a compound annual growth rate (CAGR) of 6.9% during the period from …
Pectin Market Expands Globally a CAGR of 5.1% , Driven by Rising Demand for Clean Label Products by 2033 | Future Market Insights Inc.
The pectin market refers to the global industry involved in the production, distribution, and consumption of pectin, a natural polysaccharide derived from fruits and vegetables. Pectin is primarily used as a gelling agent, thickener, and stabilizer in various food and beverage products. Pectin is commonly found in fruits such as apples, citrus fruits, berries, and …
Rising Import-Export Activity in China Fuels Growth of the Leather Goods Market | Says FMI
The Leather Goods Industry in China is experiencing significant growth due to rapid urbanization, rising disposable incomes, and a surge in employment opportunities. The strong economic expansion and the corresponding rise in demand for high-quality products are projected to drive the market’s progress. Furthermore, the growing popularity of fashion among younger demographics and the increasing …
Explosive Growth Projected for Luxury Furniture Market with a 5.6% CAGR by 2033 | FMI
The Luxury Furniture Market is a thriving segment of the global furniture industry, catering to high-end consumers seeking premium and sophisticated home decor solutions. Luxury furniture is known for its impeccable craftsmanship, high-quality materials, and exquisite designs, offering a blend of functionality and aesthetics. Driven by factors such as rising disposable incomes, evolving consumer preferences, …
Driving Efficiency and Protection: Exploring the Intermediate Bulk Container (IBC) Liner Market
Introduction The Intermediate Bulk Container (IBC) Liner Market is a rapidly growing industry that has revolutionized the way bulk liquids are packaged and transported. With its innovative design and advanced features, IBC liners offer a cost-effective and efficient solution for various industries, including chemicals, food and beverages, pharmaceuticals, and more. In this article, we will …
Unbleached Softwood Kraft Pulp Market: Sustainable Solutions and Emerging Opportunities
Introduction In today’s environmentally conscious world, the demand for sustainable and eco-friendly products is on the rise. Industries are actively seeking alternatives that reduce their carbon footprint without compromising on quality and performance. One such solution that has gained significant attention is unbleached softwood kraft pulp. This article dives deep into the Unbleached Softwood Kraft …
Exploring the Thriving Precision Stainless Steel Market: Key Trends and Growth Opportunities
Introduction In today’s rapidly evolving industrial landscape, the demand for precision stainless steel has been on the rise. The Precision Stainless Steel Market plays a crucial role in meeting the diverse needs of industries ranging from automotive to aerospace. This article explores the intricacies of the market, its growth prospects, and the unparalleled advantages it …