Press release
Radioactive Material Packaging Market to Reach $1.2 Billion, Globally, by 2032 at 5.1% CAGR
Allied Market Research published a report, titled, "Radioactive material packaging Market by Product Type (Drums, Intermediate Bulk Containers (IBCs), Pails, Bottles, Others), Packaging type (Type A, Type B and other) and Material Type (Plastic, Metals and Other): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global radioactive material packaging market was valued at $660.7 million in 2020, and is projected to reach $1.2 billion by 2032, registering a CAGR of 5.1% from 2023 to 2032.Get Inside Scoop Of The Report, Request For Sample: https://www.alliedmarketresearch.com/request-sample/131984
Containers designed for the safe transportation and storage of radioactive materials are commonly known as radioactive material packaging. Because of the unstable atomic nuclei that undergo radioactive decay, resulting in the emission of ionizing radiation in the forms of beta particles, gamma rays, and alpha particles, it is crucial to transport and store radioactive materials with different levels of shielding to safeguard both the environment and people from potential harm. These packaging solutions are designed to prevent radioactive materials from leaking out while simultaneously providing shielding to safeguard individuals from the hazardous effects of ionizing radiation.
Prime determinants of growth The global radioactive material packaging market is driven by factors such as rising demand for protective packaging materials from healthcare and consumer electronics Industry, growing demand for innovative packaging technologies and increasing understanding of the need of safety when moving hazardous goods. However, release of hazardous particles during manufacturing restrains the market growth to some extent. Nevertheless, government rules & regulations for safety packaging will provide remunerative growth opportunities in the upcoming years.
The type b segment garnered the major share in 2020
Based on type, type B segment held the highest market share in 2020, accounting for nearly two-fifths of the radioactive material packaging market revenue, owing to the increase in demands for type B from nuclear power industry. As more countries consider using nuclear energy or expanding existing nuclear power plants, the demand for secure transportation and storage of nuclear fuels and radioactive material has increased. However, the type A segment is estimated to dominate the market share by 2032 and is projected to manifest the highest CAGR of 6.4% from 2022 to 2032, owing to the increased usage of radioactive material in various industries such as research industries, medical uses, and industrial processes
To Purchase This Premium Report: https://www.alliedmarketresearch.com/checkout-final/02aa721d0e281189fb428c3ae6064e48
The intermediate bulk containers (ibcs) segment maintained its leadership status throughout the forecast period.
Based on product, the intermediate bulk containers (ibcs) segment held the highest market share in 2020, accounting for nearly three-fifths of the radioactive material packaging market revenue and is estimated to maintain its leadership status throughout the forecast period, IBCs are eco-friendly packaging due to their usability and recyclable nature is expected to boost the growth of the market. Furthermore, the other segment is projected to manifest the highest CAGR of 12.7% from 2022 to 2032, Cans are another secured and reliable medium for bulk liquid/ chemicals packaging and transportation. It is a specially designed container that holds up to the standard 20 liters of liquid.
The metal segment maintained its leadership status throughout the forecast period.
Based on material, the metal segment held the highest market share in 2020, accounting for nearly half of the radioactive material packaging market revenue and estimated to maintain its leadership status throughout the forecast period, Metal is used for production of cans and bottles for packaging of alcoholic and non-alcoholic beverages, food, and other contents. However, the plastic segment is projected to manifest the highest CAGR of 6.6% from 2022 to 2032, there are a wide range of plastics used for radioactive material packaging. The commonly used plastics are high-density polyethylene (HDPE), polyethylene terephthalate (PET), and polypropylene (PP).
Europe to maintain its dominance by 2032.
Based on region, Europe held the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the radioactive material packaging market revenue, growth in manufacturing sector is dominated by the automotive, chemical, pharmaceutical, textile, and oil & gas industries which required packaging material in order to transport safely. However, LAMEA is expected to witness the fastest CAGR of 9.0% from 2022 to 2032, The developing industrial infrastructure is anticipated to boost the demand for radioactive material packaging in LAMEA.
Make A Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/131984
Leading Market Players: -
· Strategic Packaging Systems
· General Plastics
· Croft Limited
· Waste Control Systems (U.S.)
· Kvark Ltd.
· Air Sea Containers
· Waste Control Systems
· ATB Group S.p.A.
· Sosny Research and Development Company
· PerkinElmer
The report provides a detailed analysis of these key players of the radioactive material packaging market. These players have adopted different strategies such as new product launches, business expansion, acquisition, collaboration, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Top Trending Reports:
Water Chillers Market https://www.alliedmarketresearch.com/water-chillers-market-A09748
Air Compressor Market https://www.alliedmarketresearch.com/air-compressor-market
Construction 4.0 market https://www.alliedmarketresearch.com/construction-4-0-market-A10229
Industrial Valves Market https://www.alliedmarketresearch.com/industrial-valves-market
Aluminum Cladding Panels Market https://www.alliedmarketresearch.com/aluminum-cladding-panels-market
Printing Machinery Market https://www.alliedmarketresearch.com/printing-machinery-and-equipment-market-A12453
Air Handling Units Market https://www.alliedmarketresearch.com/air-handling-units-market-A08969
Aerial Work Platform Rental Market https://www.alliedmarketresearch.com/aerial-work-platform-rental-market-A07843
Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Radioactive Material Packaging Market to Reach $1.2 Billion, Globally, by 2032 at 5.1% CAGR here
News-ID: 3970089 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
