The global thin wall packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2019 to 2027, starting from US$ 41.7 Bn in 2018. The global thin wall packaging market is majorly driven by the rising food & beverage industry and growing demand for lightweight packaging. A surge in demand for a consumer-friendly and changing lifestyle are some other factors expected to drive the market in years to come.
The global molded pulp packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2019 to 2027, starting from US$ 3.3 Bn in 2018. The molded pump market is majorly driven by a shift in consumer preference towards eco-friendly & recyclable materials along with growing disposable income globally.
The global aluminum caps & closures market is rising significantly, anticipated to expand at a CAGR of 4.3% during the estimated period from 2019 to 2027, starting from US$ 5.60 Bn in 2018. The rising concerns for product security and safety along with growing demand for convenience packaging solutions the market is growing substantially.
The global microgrid control system market is growing proficiently, projected to grow at a CAGR of 12.0% during the expected period from 2019 to 2027, starting from US$ 2.61 Bn in 2018. An increased concern of carbon emission, advancement in IoT, as well as communication technologies, are the major drivers of the global microgrid control system market.
The global polypropylene packaging films market accounted for US$ 21.6 Bn in 2018 and is anticipated to grow to US$ 34.7 Bn growing at a CAGR of 6.1% during the forecast period from 2019 to 2027. Growing inclination towards flexible packaging solutions coupled with the rising food and beverage sector especially in developing regions are having a positive influence on the demand for polypropylene packaging films market.
The global polymer solar cells market accounted for US$ 50.4 Mn in 2018 and is anticipated to grow to US$ 234.6 Mn growing at a CAGR of 21.2% during the forecast period from 2019 to 2027. The global polymer solar cells market is projected to grow robustly owing to the rapidly growing electronics industry globally.
The global oil & gas fittings market accounted for US$ 1.2 Bn in 2018 and is anticipated to grow to US$ 1.5 Bn growing at a CAGR of 3.3% during the forecast period from 2019 to 2027. The global oil & gas fittings market is anticipated to grow at a moderate rate owing to new oil & gas projects and new pipeline contracts globally.
Grease is a form of semisolid lubricant typically containing vegetable or mineral oil blended soap. Grease is a by-product from the dispersal of a liquid lubricant thickening agent.
The global beer cans market accounted for US$ XX Bn in 2018 and is anticipated to grow to US$ XX Bn growing at a CAGR of 3.5% during the forecast period from 2019 to 2027. Increasing consumption of craft beer across various regions coupled with recreational and environmental benefits are major factors driving the beer cans market growth. Customers are inclined towards craft beer brewed by both small and large breweries.
The global paper bags market accounted for US$ 4.8 Bn in 2018 and is anticipated to grow to US$ 7.3 Bn growing at a CAGR of 4.6% during the forecast period from 2019 to 2027. Constantly expanding interest for paper bags from retail division because of solid development in the retail sector combined with changing the inclination of buyers towards biodegradable packaging are factors multiplying the interest in the paper bags market.
