The global smart packaging market is growing competently, expected to grow at a CAGR of 8.3% during the estimated period from 2024 to 2032, starting from US$ 8.58 Bn in 2021. Smart packaging technology is a growing industry with enormous prospective. Despite the fact, very few companies have ventured to take steps towards application of smart packaging in security, logistics, and marketing, thereby indicating active and intelligent packaging to become part of the industry in the coming years.
The global liquid waste management market is expected to grow at a CAGR of 3.5% during the forecast period from 2024 to 2032, starting from US$ 96.46 Bn in 2021. Waste is a global issue, waste when not disposed properly can be a serious threat to public health. Liquid waste management includes a series of activities such as processing, collection and disposal of liquid waste. The increasing awareness for hygiene and government regulation globally supports the growth of the liquid waste management market.
The global paperboard market is anticipated to grow at a CAGR of 4.5% throughout the forecast period from 2024 to 2032. In 2020, in terms of volume market register sales of 93.15 Mn MT and anticipated to reach 108.89 Mn MT expanding at a CAGR of 1.8%.
The global aseptic packaging market is increasing substantially, projected to expand at CAGR of 9.3% during the estimated period from 2024 to 2032, starting from US$ 54.90 Bn in 2021. The global aseptic packaging market volume is growing significantly, anticipated to expand at CAGR of 5.5% throughout the projected period from 2024 to 2032, starting from 413.5 Bn units in 2021.
The global white coffee market is growing significantly, expected to grow at a CAGR of 12.3% throughout the projected period from 2024 to 2032, starting from US$ 6-7 Bn in 2021. The global white coffee market volume is rising substantially, projected to expand with a CAGR of 7.9% during the forecast period from 2024 to 2032, starting from around 4,50, 000- 5,00,000 metric tons in 2021.
The rapid development in the integration of the semiconductor industry has a high demand for silicon wafer, as a basic material for producing ICs. The exponential growth of consumer electronics products such as smartphones, tablets, and smart wearable are the end products where ICs are assembled. This industry has kept the demand high for silicon wafers.
The global caffeine market was valued at US$ 263.6 Mn in the year 2021 and is expected to reach US$ 398.4 Mn by year 2032, expanding at a CAGR of 4.7% during the forecast from 2024 to 2032. Caffeine is the most popular psychoactive drug that stimulates the Central Nervous System (CNS). It is naturally found in cocoa beans, tea leaves, kola nuts, and coffee beans. Some other sources of naturally occurring caffeine include guarana berries, yerba mate, yaupon holly, and guayusa.
Growing scope and applications of magnetron sputtering thin film deposition are driving the demand for magnetron sputtering systems market across the globe. Magnetron sputtering is a thin film deposition technology that allows the deposition of metal, alloys ceramic and polymer on a number of the substrate material. With the technological advancement in the coating processes, this process is widely used in various applications namely, metal industry, solar cells, biomedical applications, and optical & electrical components.
The growing need to improve the operation efficiency of commercial vehicles is driving the electronic logging device market in the world. Electronic logging device (ELD) technology is used in commercial vehicles, trucks, and buses to record driving time, hours of service (HoS), capture data on vehicle engine, movement & miles driven and driver ID. By using ELDs in their vehicles, drivers are benefitted with a reduction in their fuel cost, increased driver productivity and vehicle diagnostics in real-time.
The global cardiac biomarker diagnostic kits market is growing competently, expected to grow at a CAGR of 5.3%. Globally, the rising prevalence of chronic diseases, cardiac disorders along with numerous lifestyle diseases will drive the market growth globally. Major factors such as growing elderly population, increasing hospital admissions for cardiovascular diseases and enhanced product penetration in the developing nations are driving the global market. Present clinical trials for identification of innovative cardiac biomarkers, public and private funding for improved R&D is also increasing the market growth on a global scale.
