Global cartoning machines market is expected to grow at a compound annual growth rate of 4.03% to reach a market size of US$4,912.438 million by 2024 from US$3,875.946 million in 2018. Cartoning Machines refers to a type of packaging machines used for the purpose of forming cartons. These machines are suitable for packing products into boxes with automatic loading. Products can be loaded into the machine infeed manually by the operator or automatically by a mechanical unit. The demand for these Read more...
Adhesive Dispensing System market is projected to grow at a CAGR of 3.53% during the forecast period, reaching a total market size of US$1,680.636 million in 2024 from US$1,364.560 million in 2018. An adhesive dispenser is a machine or a container that is designed to release a specific amount of adhesive. These devices include manual dispensing caulk guns, hot melt glue guns, and an assortment of mix/meter and dispensing systems. These systems help in controlling waste and conserving energy al Read more...
Semiconductor packaging material market is projected to grow at a CAGR of 1.16% during the forecast period, reaching the total market size of US$27.675 billion from US$25.826 billion in 2018. Semiconductor packaging material is used for the protection of ICs and semiconductors from corrosion and other factors. Growth in the market of communication, smartphones, and tablets is boosting the growth of the semiconductor market growth. Moreover, growth in the electronics sector and surging demand sem Read more...
Thin and ultra-thin films market is projected to grow at a CAGR of 2.87% during the forecast period, reaching a total market size of US$12.637 billion in 2024 from US$10.666 billion in 2018. Thin films are materials which have a thickness ranging from nanometer to micrometer. Thin and ultra-thin films are made using ultra-thin chemical and physical deposition techniques using gas-phase precursors and plasma processes. The demand for thin and ultra-thin films is growing due to the high demand for Read more...
The food blister packaging market is projected to grow at a CAGR of 4.61%, rising from US$2264.795 million in 2018 to reach US$2969.080million in 2024. Food packaging over the years has undergone various revolutionary changes in terms of shape, end user and even material used. Increasing disposable income and rising household spending in developing economies like China, India, and Brazil is expected to drive the growth of the market during the forecast period. According to the Organisation for Read more...
The consumer goods blister packaging market is projected to grow at a CAGR of 5.37% during the forecast period. Blister form of packaging is widely used for consumer goods as it not only provides the products with a range of options for creating visually appealing and texturally pleasing experience but also allow consumers to view the product before making a decision of purchase. Rapid urbanization couple with growing disposable income expands the purchasing power of the consumers which furthe Read more...
The pharmaceutical blister packaging market is projected to grow at a CAGR of 5.33%, rising from US$5079.192million in 2018 to reach US$6934.617 million in 2024. As with most other packaged goods, pharmaceuticals need reliable and speedy packaging solutions that deliver a combination of product protection, quality, temper evidence, patient comfort and security needs. Growing healthcare and pharmaceutical industry is the major driving factor that is boosting the blister packaging market growth. Read more...
The global thermoformed blister packaging market is projected to grow at a CAGR of 5.13% during the forecast period. Thermoformed blister packs are commonly used for packaging food, consumer goods, and pharmaceutical products. It holds a major share in the market on account of its ease of production and cost-efficiency. Widespread adoption of thermoformed blister packaging technology in food and personal care industry in both developed and developing region has resulted in the increased demand Read more...
The global cold-formed blister packaging market is projected to grow at a CAGR of 5.42%, rising from US$927.460 million in 2018 to reach US$1,272.748 million in 2024 owing to its growing penetration in the pharmaceutical packaging industry due to stringent regulations in regions such as North America, and Europe. The cold-form blister packaging is gaining popularity in the market primarily due to the growing demand for efficient packaging in the pharmaceutical industry. Cold forming packs are Read more...
India blister packaging market is expected to grow from US$388.502 million in 2018 to US$676.371 million in 2024 at a CAGR of 9.68%. India is one of the leading markets for packed food in the world and with the increasing disposable income couple with rapid urbanization the market for blister packaging across different industry verticals is expected to witness substantial growth during the forecast period. In addition, expanding pharmaceutical industry and rising government initiative by makin Read more...
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