Day: December 13, 2023

Increasing consumer interest toward convenient and eco-friendly shopping solutions is a major factor driving Retail Packaging Market revenue growth Vancouver, Dec. 13, 2023 (GLOBE NEWSWIRE) — The global retail packaging market size is expected to reach USD 7.65 Billion in 2032 and register a steady revenue CAGR of 5.1% over the forecast period, according to latest analysis by Emergen Research. Technological advancements and introduction of the Internet of Packaging (IoP) are driving revenue growth of the market. The traditional packaging business is undergoing a technology transformation called the ‘Internet of Packaging,’ which will improve customer and brand interaction. Advanced technologies including QR codes, smart labels, Radio Frequency Identification (RFID), and Near Field Communication (NFC) chips are used in smart packaging....

Rising demand for basalt fibers from the automotive industries to manufacture lightweight component is a key factor driving Basalt Fiber market revenue growth. Vancouver, Dec. 13, 2023 (GLOBE NEWSWIRE) — The global basalt fiber market size was USD 256 Million in 2022 and is expected to register a rapid revenue CAGR of 8.6% during the forecast period. The surge in demand for basalt fibers is attributed to their widespread application in the automotive and construction sectors. Automotive Original Equipment Manufacturers (OEMs) are increasingly turning to basalt fibers to create lightweight components without compromising strength, fostering a rapid shift towards Electric Vehicles (EVs), and enhancing safety in battery operation. The automotive and transport segment is poised to capture a substantial share of the global basalt fiber...

Rising demand for aniline in the pharmaceutical sector and increasing need for Methylene Diphenyl Isocyanate (MDI) in sealants, adhesives, and coatings sectors are key factors driving Aniline Market revenue growth Vancouver, Dec. 13, 2023 (GLOBE NEWSWIRE) — The global aniline market is witnessing robust growth, reaching a size of USD 9.4 million in 2022 and projected to maintain a rapid revenue Compound Annual Growth Rate (CAGR) of 5.3% throughout the forecast period. Key drivers include the escalating demand for aniline in the pharmaceutical sector and the burgeoning need for Methylene Diphenyl Isocyanate (MDI) in sealants, adhesives, and coatings. Aniline, a crucial intermediary in medicinal product manufacturing, finds application in various sulfa pharmaceuticals, including penicillin derivatives. Continuous medicinal chemistry...

Rapid growth of the packaging industry and rising consumer demand from the Food & Beverage (F&B) industry are key factors driving Extrusion Coatings market revenue growth Vancouver, Dec. 13, 2023 (GLOBE NEWSWIRE) — The global extrusion coatings market, valued at USD 5.50 Billion in 2022, is anticipated to experience substantial growth with a robust CAGR of 5.6% during the forecast period. Key drivers include the rapid expansion of the packaging industry and heightened consumer demand, particularly in the Food & Beverage (F&B) sector. Extrusion coating, a process involving the application of thermoplastic polymeric materials onto various substrates, such as polyester films, aluminum foil, paperboard, or Biaxially Oriented Polypropylene (BOPP) films, is witnessing a surge in demand. Liquid packaging, a dominant...