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.

The bag-in-box packaging market in the USA and Canada is projected to reach USD 473.0 million by 2033, growing at a 5.1% CAGR from 2023 to 2033.

Environment friendly, sustainable, convenient, and protective packaging solutions are being increasingly demanded by various industries. Some of these industries are beverage, food, and others, that require bag-in-box packaging solutions. Bag-in-box products have lower carbon footprints than their plastic and glass competitors.

Japan’s polypropylene packaging films market is anticipated to reach USD 883.5 million by 2023. Through 2033, Japan’s overall sales of polypropylene packaging film will increase at a 2.1% CAGR. The Japan market will be worth more than USD 1,090.9 million by the end of 2033.

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.