Who is in your network?

In 2023, it is anticipated that the market for screw capping machines will be worth USD 2.1 billion. By 2033, the screw capping machines market is estimated to exceed USD 3.0 billion. A CAGR of 3.7% is expected for growth during the predicted period.

Over the next ten years, the market for tarpaulin sheets in Asia Pacific & Europe is anticipated to expand at a CAGR of 4.4% and 2.7%, respectively. Asia Pacific will likely surge from USD 3,079.5 million in 2023 to USD 4,354.5 million in 2031.

Europe is projected to elevate from USD 2,078.7 million in 2023 to USD 2,571.3 million in 2031. At the end of 2022, Asia Pacific had a market worth of USD 2,953.5 million, and in 2023, it is anticipated to rise by 4.3% year over year. Europe had a market value of USD 2,026.0 million in 2022, and 2.6% year-over-year growth is expected in 2023.

The United States label release liner industry is projected to witness significant growth over the coming years, with market value anticipated to rise from USD 1,828.9 million in 2023 to USD 2,681.7 million by 2031, representing a robust compound annual growth rate (CAGR) of 4.9% during the forecast period.

The water-based inks market is projected to reach a value of USD 9,120.0 million in 2023 and is expected to exceed USD 12,415.0 million by 2033. The market is capturing a CAGR of 3.1% during the forecast period.

According to Future Market Insights (FMI), India steel drum market size is forecast to increase from USD 281.2 million in 2023 to USD 468.7 million by 2033. Similarly, India’s IBC market is likely to expand from USD 170.5 million in 2023 to USD 260.5 million by 2033.

Overall demand for steel drums and IBCs across India is projected to surge at 4.6% and 3.8% CAGRs respectively from 2023 to 2033. Rising trade activities along with expansion of chemical industry is a key factor driving India steel drums & IBC market.