NatureWorks LLC (US) and Total Corbion PLA (Netherlands) are Leading Players in the Polylactic Acid (PLA) Market
The global PLA market size is projected to grow from USD 1.0 billion in 2021 to USD 1.9 billion by 2026, at a CAGR of 12.2% between 2021 and 2026. The major factors driving the market are rising demand of PLA in packaging industry, stringent waste management regulations in Europe, increased focus of government on green procurement policies, and shift in consumer preference toward eco-friendly...
Emerging economies offer high growth potential to Blister Packaging Market
The blister packaging market size is projected to grow from USD 24.1 billion in 2020 to USD 34.1 billion by 2025, at a CAGR of 7.2%. The blister packaging market is witnessing growing demand from end-use industries such as healthcare, food, consumer goods, and industrial goods. Its growth is attributed to cost-effectiveness and tamper-evident design for product protection.
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Key Driving Factors Of Blister packaging market by 2022
MarketsandMarkets projects that the blister packaging market will grow from USD 11.94 billion in 2015 to USD 18.25 billion by 2022, at an estimated CAGR of 6.25%.
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Asia-Pacific region is expected to grow at the fastest rate
The blister packaging market is
growing rapidly as a result of the increasing...
SABIC (Saudi Arabia) and RTP Company (US) are the Leading Players in the Polyetherimide (PEI) Market
The global market size of PEI is projected to grow from USD 522 million in 2019 to USD 714 million by 2024, at a compound annual growth rate (CAGR) of 6.5% during the forecast period. The major driving factors for the market are increased demand from the transportation sector, electrification of vehicles, and growth in the emerging economies. PEI is widely used to meet weight reduction requirements...
Key Development Strategies Adopted by the Leading Players for the Growth of the Thermoforming Plastic Market
The thermoforming plastic market size is growing due to the rising healthcare & pharmaceuticals and food & agriculture packaging industries and increasing manufacturing activities. The increasing popularity of retail shopping and rising consumer spending for processed & packed goods are fuelling the demand for thermoforming plastic. Factors such as changing demographics and lifestyles...