While the onset of the pandemic led to a slight downturn in demand for active, smart, and intelligent packaging within The The food and beverage and pharmaceutical industries saw significant increases in demand the following year, primarily as a result of a spike in the demand for immunizations and pharmaceutical supplies. This increase is expected to …
Category Archives: Packaging Facts
Micro Perforated Films Packaging Market: Sustainable Solutions Driving Growth
As per the latest analysis from Future Market Insights (FMI), the micro perforated films packaging market is anticipated to foresee steady growth until 2023, with a 3.6% annual increase in revenue. Between 2023 and 2033, the market is projected to expand at a compound annual growth rate (CAGR) of 4.5%, reaching US$ 2.28 billion by that …
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Beverage Packaging Market Thrives on Innovation and Global Consumption Trends | FMI
The global beverage packaging market is anticipated to have a substantial worth and reach US$ 164 billion by 2023. With a projected CAGR of 4.2% from 2023 to 2033, the market is expected to surge to an estimated total worth of roughly US$ 108.7 billion by 2033. It is projected that the market will expand quickly …
Molded Wood Pallets Market Grows on Efficiency and Global Trade Expansion
The global market for molded wood pallets is expected to expand quickly in 2023, with yearly revenue growth of 2.0%. Sales of molded wood pallets are expected to rise from US$ 2.70 billion in 2023 to US$ 4.66 billion by 2033, according to a recent FMI projection. Over this period, the market for molded wood pallets …
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Paper Edge Protectors Market Thrives on Rising Demand for Safe Transportation Solutions | FMI
The market for paper Edge Protectors is expected to achieve a valuation of US$ 4.56 billion by the end of the projected period (2023 to 2033) at a noteworthy compound annual growth rate of 4.5%. The growing need for safe goods transportation, particularly from the food and pharmaceutical industries, is probably what will fuel the rise. …
Aluminum Extrusion Market Growth Driven by Urbanization and Lightweight Trends
Projected from 2023 to 2033, the aluminum extrusion market predicts a 4.6% compound annual growth rate (CAGR) and a steady growth trajectory, rising from US$ 126.67 billion in 2023 to US$ 195.48 billion by 2033. This increase is a sign of the growing need for aluminum extrusion in a variety of industries due to its sustainability, …
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Global Cupcake Liner Market Set to Reach US$149.2 Million by 2034, Driven by Global Baking Trends
The global cupcake liner market is poised for substantial growth, projected to reach a revenue of US$ 149.2 million by 2034, driven by key trends shaping consumer preferences and industry dynamics. The increasing use of cupcake liners in various celebratory occasions, the popularity of bite-sized cupcakes over traditional wedding cakes, and the influence of innovative …
Global Cigarette Inner Liner Market Projected to Reach US$120 Million by 2034: Driven by Health Concerns and Regulatory Compliance
The global cigarette inner liner market is on a trajectory to reach a valuation of US$ 120.0 million by 2034, propelled by various factors and hindered by certain challenges. The market is set to grow at a moderate CAGR of 3.80% during the forecast period. Key drivers include the mounting health concerns leading to a …
Online Shopping Surge: Impact of E-commerce Platforms on the Expanding Bag Market Landscape
The bag market is estimated to be worth US$ 34.1 billion in 2023 and is projected to be valued at US$ 50.3 billion in 2033. between 2023 and 2033, the industry is expected to register a growth rate of 3.9%. Bags are one of the most cost-effective packaging solutions available. They are economical to produce, lightweight, and efficient for containing and transporting a …
Unidirectional Tapes Market is Expected to Reach at a US$ 1010 Million by 2034 | FMI
Over the projected period, the global unidirectional tape (UD) market is anticipated to experience significant growth, with a compound annual growth rate (CAGR) of 12.3%. This surge is forecasted to elevate the market value from US$ 316 million in 2024 to a substantial US$ 1010 million by 2034. With an increase in the production of …