Category: Business

Steady Growth Projected: RIBC Market Expected to Reach US$ 31.4 Billion by 2033, Reflecting Strong Demand Across Various Industries

Posted on By Future Market Insights

The European market for intermediate bulk containers (IBCs) achieved a substantial 32.9% value share in 2022, with the United Kingdom recording a notable CAGR of 2.5% for the forecast period. Key factors driving this market growth encompass the rising demand for biodiesel and other renewable fuels, widespread use of IBCs in various end-use industries, ongoing design enhancements in IBCs,…

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Business

Degassing Valve Market Poised for Robust Growth: Sales Set to Reach US$ 237.8 Million by 2033, Fueled by 5% CAGR in Food and Beverage Sector

Posted on By Future Market Insights

The global degassing valve market, valued at approximately US$ 146 million in 2023, is witnessing notable growth, particularly driven by its integral role in the food and beverage sector. Representing 4 to 6% of the expansive global coffee packaging market, degassing valves have become essential in maintaining product quality, especially for coffee products. The market is…

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Business

Packaging Testing Equipment Market to Exceed US$ 7,148.5 Million by 2033, Fueled by 6.2% CAGR Growth Projection

Posted on By Future Market Insights

The global packaging testing equipment market is on a trajectory of remarkable growth, with a projected value of US$3,905.4 million by 2023, soaring to an impressive US$7,148.5 million by 2033. Future Market Insights’ forecast of a 6.2% compound annual growth rate (CAGR) from 2023 to 2033 underscores the market’s robust potential. This expansion is fueled by an amalgamation…

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Business

Global Plastic Extrusion Machine Market Projected to Surpass US$ 10,754.4 Million by 2032, Fueled by Versatility and Efficiency with 4.7% CAGR

Posted on By Future Market Insights

The global plastic extrusion machine market was set to achieve a remarkable valuation of US$ 6,793.9 million in 2022, with strong indicators pointing towards significant expansion. Fueled by a substantial Compound Annual Growth Rate (CAGR) of 4.70%, the market is projected to reach an impressive US$ 10,754.4 million by 2032. This surge in demand is propelled by…

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Business

Industrial Water Cooling Systems Market Poised to Exceed US$ 2,648 Million by 2032 with a Steady 4.7% CAGR | Future Market Insights, Inc.

Posted on By Future Market Insights

The global industrial water cooling system market was on track to reach a valuation of US$ 1,673.1 million in 2022, with projections indicating a significant surge to US$ 2,648 million by 2032. This impressive growth trajectory is driven by a steady Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2032. The driving force behind this…

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Business

Forecasting Demand Dynamics: The US$ 8.7 Billion Shoe Packaging Market by 2032

Posted on By Future Market Insights

Projected to be worth US$ 5.9 billion in 2022, the shoe packaging market is on an upward trajectory, expected to achieve a valuation of US$ 8.7 billion by 2032 with a Compound Annual Growth Rate (CAGR) of 3.9%. This growth signifies a steady expansion, driven by the increasing demand for innovative and sustainable packaging solutions within the…

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Business, General News

Spotlight on Growth: Cellulose Fiber Market Eyes US$ 5,772.7 Million by 2032

Posted on By Future Market Insights

In 2022, the global Cellulose Fiber Market is projected to be valued at US$ 3,825.6 million, with an anticipated increase to US$ 5,772.7 million by 2032. The market is forecasted to experience a Compound Annual Growth Rate (CAGR) of 4.2% during the period from 2022 to 2032. This growth trajectory reflects the escalating demand for…

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Business, General News

Plastic Healthcare Packaging Market’s Trajectory Towards US$ 40,306.8 Million by 2033: A Comprehensive Analysis

Posted on By Future Market Insights

The plastic healthcare packaging market is anticipated to be worth US$ 24,768.7 million in 2023, with an expected increase to US$ 40,306.8 million by 2033. Projections indicate a steady demand for plastic healthcare packaging, with a forecasted Compound Annual Growth Rate (CAGR) of 5% throughout the forecast period. This growth reflects the essential role of…

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Business, General News

Automotive TCU Market Projected to Reach US$ 22,437.4 Million by 2033

Posted on By Future Market Insights

The automotive TCU market is predicted to be worth US$ 15,157.9 million in 2023 and rise to US$ 22,437.4 million by 2033. Demand initially expanded at a market CAGR of 3.2% between 2018 and 2022. Technological improvements significantly drive the demand for automotive TCUs. Incorporating cutting-edge technologies into TCUs and ongoing innovation in gearbox systems increase vehicle…

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Business

Automotive Garage Equipment Market Poised for Growth, Reaching US$ 63.1 Billion by 2033

Posted on By Future Market Insights

The global automotive garage equipment market in 2022 was US$ 24.4 billion and is estimated to be US$ 26.8 billion in 2023. Future Market Insights has mentioned in its reports that the Automotive Garage Equipment Market is predicted to expand at a CAGR of 8.94% between 2023 and 2033, totalling around US$ 63.1 billion by 2033. Key…

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Business