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The global beverage packaging market size was USD 154.80 Billion in 2022 and is expected to register a rapid revenue CAGR of 4.4% during the forecast period. Rising demand for innovative packaging to attract consumers is a key factor driving market revenue growth. Many beverage products require protection against oxygen intrusion, solar exposure, carbonation loss, and material package component mobility as these factors can affect the taste and quality of products. Packaging helps to preserve the quality and freshness of beverages by protecting from external factors such as light, air, and contaminants, which as a result extends the shelf life of product. In addition, rising strategic initiatives taken by companies is another key factor driving revenue growth of the market.
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The global Fluoroelastomers (FKM) market size was USD 1467.6 Million in 2022 and is expected to register a rapid revenue CAGR of 2.5% during the forecast period. Rising demand for flouoroelastomers for wearable device manufacturing is a key factor driving market revenue growth.
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The global aluminum alloys aerospace materials market size was USD 4.63 Billion in 2022 and is expected to register a rapid revenue CAGR of 3.7% during the forecast period. Rising demand for innovative and high-quality metals and increasing adoption of lightweight materials to reduce aircraft weight and need for air travel, such as jets, gliders, and helicopters, are key factors driving market revenue growth.
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The global Chemiluminescence Immuno****ay (CLIA) ****yzers market size was USD 5.42 Billion in 2022 and is expected to register rapid revenue CAGR of 6.0% during the forecast period. Rising prevalence of chronic as well as acute diseases and technological advancements in CLIA ****yzers are key factors driving market revenue growth.
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