tmrFebruary 8, 2021
According to the latest market report published by Transparency Market Research, titled “
PET Bottles Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2027,” cost-efficient packaging solutions offered by PET bottles for carbonated drinks, juices, packaged water, and others are expected to boost the global PET bottles market during the forecast period, 2018-2027. Globally, the revenue generated from sales of PET bottles has been estimated to be around US$ 21,607.0 Mn in 2018 and is projected to expand at a CAGR of 4.1% by value, during the forecast period.
PET bottles are an efficient and durable packaging solution for most of the end-use industries. Also, PET bottles offer a cost-effective solution for packaging. PET bottles are a highly-consumed product in the packaging industry owing to the rising demand from food & beverages, personal care & cosmetics, pharmaceuticals, and other end-use sectors. PET bottles are available i
tmrFebruary 5, 2021 33
The global sheet metal fabrication services market is anticipated to expand at a CAGR of 1.7% during the forecast period 2018 to 2026. This is due to growing demand for ready to install fabrication products and components in several end-use industries such as industrial machinery, automotive, construction, and others. Sheet metal fabrication service providers are adopting prefabrication techniques to meet the increased demand. This is expected to contribute to the growth of the sheet metal fabrication services market.
Sheet metal fabrication services are an integral part of various end-use industries. With increased demand in the Asia Pacific region, manufacturers are shifting their base to this region which is boostingthe growth of the sheet metal fabrication services market in Asia Pacific.The market in Asia Pacific is expected to growat a CAGR of 2.3% over the forecast period.
Truck & Bus Radial (TBR) Tire Market: Overview
The global truck & bus radial (TBR) tire market is anticipated to expand at a CAGR of ~
6%, primarily driven by the rise in miles driven by trucks worldwide
Drivers of Truck & Bus Radial (TBR) Tire Market
Steady rise in the production of medium-duty trucks, globally, has boosted the demand for TBR tires. Logistics and road transportation sectors have witnessed rapid expansion in Asia Pacific, which has fueled the demand for TBR tires in the region. Steady economic expansion post 2008 financial crisis propelled the demand for trucks in developed and developing countries.
Favorable trade agreements and entry of commercial vehicle manufacturers in Latin America and Asia Pacific have driven the demand for TBR tires
tmrFebruary 4, 2021 18
The food & beverage industry has experienced considerable changes over the past couple of decades. The rapidly changing consumer trends coupled with regulatory developments pertaining to various aspects of the industry have primarily shaped the modern-day food & beverages sector. Over the past decade, one of the most buzzing areas within the industry is packaging. The adoption of plastic ready meal trays has witnessed a gradual rise, particularly in the first half of the last decade. At present, despite consistent growth in the demand for plastic ready meal trays over the past few years, the overall prospects of the market point toward bleak and uncertain times due to growing focus on environment sustainability.
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