The market for Plastics Injection Molding is expected to grow at a CAGR of over 4% during the forecast period. Major factors driving the market studied are accelerating usage in consumer goods & electronics and growing demand in packaging industry. On the flipside, stringent environmental regulations on use of plastics and unfavourable conditions...
The Modified Atmosphere Packaging Market was valued at USD 12.97 billion in 2020, and it is expected to reach USD 18.28 billion by 2026, at a CAGR of 5% over the forecast period (2021 - 2026). In the wake of COVID-19 the market faced supply chian disruptions as the entire world went under lockdown but as the demand for packaged food grew immediately...
The water soluble films market is estimated to grow from USD 364 million in 2020 to USD 476 million by 2025, at a CAGR of 5.5%. The water soluble films market is driven mainly by growing pharmaceutical industry. However, is high cost is expected to restrain the market growth. The major application of flame retardants is in detergent...
The liquid packaging carton market was valued at USD 10.03 billion in 2020 and is expected to reach a value of USD 12.01 billion by 2026 and grow at a CAGR of 3.06% over the forecast period (2021-2026). Cartons are paperboard containers manufactured by converters that are filled and closed in a food packaging plant. Cartons are made in a wide...
China’s demand for Industrial Packaging has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The luxury packaging market was valued at USD 16.65 billion in 2020 and is expected to reach USD 22.37 billion by 2026 and grow at a CAGR of 4.8% over the forecast period (2021-2026). The cannabidiol or CBD packaging trend is spreading immensely in the lifestyle and beauty markets. The market for luxury products made from the non-psychoactive...
The Saudi Arabian plastic packaging market was valued at USD 8.59 billion in 2020, and it is projected to reach USD 11.93 billion by 2026, registering a CAGR of 5.6% during the period of 2021-2026. Most of the manufacturers are introducing additional functionalities of EVOH films for packaging. Functionalities, such as cost-effectiveness and...
The global polycarbonate sheets market size is projected to grow from USD 1.7 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 5.1% between 2020 and 2025. Growing demand from end-use industries is driving the market for polycarbonate sheets. However, the environmental impacts of polycarbonate sheets are expected to restrain this market....
The home care packaging market was valued at USD 94.45 billion in 2020 and is expected to reach USD 160.96 billion by 2026, and grow at a CAGR of 8.5% over the forecast period (2021 - 2026). Packaging trends, such as low cost, ease of use, and easy storage, have remained the major consumer trends in the review period. Small pack sizes, offering...
The personal care packaging market was valued at USD 24.49 billion in 2020 and is expected to reach a value of USD 31.9 billion by 2026, at a CAGR of 4.78% during the forecast period from 2021 to 2026. Personal care packaging is essential for the beauty and cosmetic industry since it adds to the visual appeal and contributes to increasing...