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Ashutoshseo06 May, 2025Business
The global frozen food packaging market is gaining momentum, with its value reaching USD 48.73 billion in 2024. According to IMARC Group, the market is projected to soar to USD 71.68 billion by 2033, growing at a steady CAGR of 4.16% between 2025 and 2033. Europe leads the charge, accounting for over 44% of the global share in 2024. Key growth drivers include rapid innovation in frozen food products, heightened consumer awareness about the nutritional benefits of frozen fruits and vegetables, and the rise of customized packaging solutions tailored to various product types and sizes. As consumer demand evolves, packaging companies are seizing new opportunities to deliver convenience, sustainability, and freshness.
Ashutoshseo05 May, 2025Business
The extended warranty market is experiencing robust growth, with its global value hitting USD 147.1 billion in 2024. According to the IMARC Group, the market is projected to reach USD 239.0 billion by 2033, expanding at a CAGR of 5.5% from 2025 to 2033. This growth is fueled by the increasing demand for financial protection against unexpected product failures, surging sales of high-ticket consumer goods, and the growing complexity of modern electronics, appliances, and vehicles. As consumers seek added peace of mind and manufacturers navigate higher product intricacy, extended warranties are becoming a vital component of the post-sale experience.
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