Global Shrink Plastic Film Market, By Type (Printed, Unprinted), Application (Alcoholic Beverages, Water, Carbonated Soft Drinks, Other Drinks), Container Type (Can, Bottle, Brick), Multipack Size (3x2, 4x2, 4x3, 6x3, Other Multipack Sizes), Application Packaging (Can, Bottle, Brick), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The shrink films market is expected to witness market growth at a rate of 4.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on shrink films market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the replacement of conventional packaging materials with stretch and shrink films is escalating the growth of shrink films market.
Shrink films are polymeric plastic films on which heat is employed through handheld heat gun such as electric or gas, the film shrinks to set firmly around the product to be packed thereby, adjusting itself to the individual shape. Barrier shrink films are utilized for delivering transparency to the product along with protection from dust, gases, moisture, and preserve aroma.
Major factors that are expected to boost the growth of the shrink films market in the forecast period are the friendly shipping, rise in the alcohol consumption, the increase in the disposable income and strong sealing capability. Furthermore, the decrease in the waste, printability and the alluring to consumers are further factors that are propelling the growth of the shrink films market.
On the other hand, the competition for raw materials, the non-accessibility of raw materials because of COVID-19, the constant change in demands of customer and the rise in the demand for sustainable and recyclable packaging are few of the factors that are derailing the growth of the shrink films market in the near future.
This shrink films market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the shrink films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Shrink Films Market Scope and Market Size
The shrink films market is segmented on the basis of type, application, container type, multipack size and application packaging. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the shrink films market is segmented into printed, unprinted.
- On the basis of application, the shrink films market is segmented into alcoholic beverages, water, carbonated soft drinks, and other drinks.
- On the basis of container type, the shrink films market is segmented into can, bottle, brick.
- On the basis of multipack size, the shrink films market is segmented into 3x2, 4x2, 4x3, 6x3, other multipack sizes.
- On the basis of application packaging, the shrink films market is segmented into can, bottle, and brick
Shrink Films Market Country Level Analysis
The shrink films market is analysed and market size, volume information is provided by country, type, application, container type, multipack size and application packaging as referenced above.
The countries covered in the shrink films market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the shrink films market due to the increase in the food and beverage industry. Furthermore, the rise in the demand for packaged food and the increasing of the disposable income will further boost the growth in the shrink films market in the region during the forecast period. North America is projected to observe significant amount of growth in the shrink films market due to the occurrence of a number of consumer goods manufacturing companies. Moreover, the utilization of stretch and shrink films for secondary packaging of beverages, personal care, and household products is further anticipated to propel the growth of the shrink films market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Shrink Films Market Share Analysis
The shrink films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to shrink films market.
The major players covered in shrink films market report are Sealed Air, KUREHA CORPORATION, WINPAK LTD., Flexopack, Bonset America Corporation, Coveris., PREMIUMPACK GmbH, Schur Flexibles Holding GesmbH, Buergofol GmbH, Allfo, Atlantis-Pak, XtraPlast, Transcontinental Inc., BP Plastics Holding Bhd, Crawford Packaging, SYFAN USA, Idemitsu Kosan Co.,Ltd., Vijay Packaging System, NPF.com, Akar Shrink Packs, Alpha Plastomers, MANOJ PLASTICS, Vishakha Polyfab Pvt Ltd, Gupta Package Industries, International Plastics Inc., Shri Balaji Packers, Global Polyfilms, Rishba Poly Product, 3D Plast, Eminent Solution, modwrap.com, Bagla Group, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.