Niranjan Karde

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About Niranjan Karde

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Bag closure Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

Niranjan Karde31 Oct, 2023Business

The Global bag closures market is experiencing substantial growth, with a valuation of US$ 217.1 million in 2023 and a projected increase to US$ 385.1 million by 2033, marking a robust CAGR of 5.9% throughout the forecast period. This growth can be attributed to several key factors, including shifting consumer preferences towards reusable packaged foods, with a notable surge in demand for bag closures.