Global Ultra-High Barrier Shrink Films Market, By Product (Flowpacks, Vacuum Bags, Shrink Forms, Chubs, and Shrink Wraps), End Use (Food and Beverages, Healthcare, Electronics, and Cosmetics And Personal Care) Material (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyamide (PA), and Ethyl Vinyl Alcohol (EVOH), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Ultra-High Barrier Shrink Films Market
Data Bridge Market Research analyses that the ultra-high barrier shrink films market will project a CAGR of 4.2% for the forecast period of 2022-2029 and is likely to reach USD 1,146.2 million in 2029.
Shrink films are chemical compound plastic films on which heat is utilized through hand-held heat gun like electrical or gas, the film shrinks to line firmly round the product to be packed thereby, adjusting itself to the individual form. Barrier shrink films are used for delivering transparency to the merchandise together with protection from mud, gases, moisture, and preserve aroma.
The rise in the replacement of conventional packaging materials with stretch and shrink films is the major factor accelerating the growth of the ultra-high barrier shrink films market. Furthermore, friendly shipping, rise in the alcohol consumption, the increase in the disposable income and strong sealing capability are also expected to drive the growth of the ultra-high barrier shrink films market. However, competition for raw materials, the non-accessibility of raw materials because of COVID-19 restrains the ultra-high barrier shrink films market, whereas, constant change in demands of customer and the rise in the demand for sustainable and recyclable packaging will challenge market growth.
In addition, the decrease in the waste, printability and the alluring to consumers will create ample opportunities for the ultra-high barrier shrink films market.
This ultra-high barrier 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, geographic expansions, technological innovations in the market. To gain more info on ultra-high barrier 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.
Global Ultra-High Barrier Shrink Films Market Scope and Market Size
Global ultra-high barrier shrink films market is segmented on the basis of product, material & end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the ultra-high barrier shrink films market is segmented into flowpacks, vacuum bags, shrink forms, chubs, and shrink wraps.
- On the basis of material, the ultra-high barrier shrink films market is segmented into polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polyamide (PA), and ethyl vinyl alcohol.
- On the basis of end user industry, the ultra-high barrier shrink films market is segmented into food and beverages, healthcare, electronics, and cosmetics and personal care.
- On the basis of barrier, the ultra-high barrier shrink films market is segmented into low, medium, high, and ultra-high.
Ultra-High Barrier Shrink Films Market Country Level Analysis
Global ultra-high barrier shrink films market is segmented on the basis of product, material & end user.
The countries covered in the ultra-high barrier shrink films market report are 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, South Africa, Egypt, Israel, 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 region dominates the ultra-high barrier shrink films market and will continue to flourish its trend of dominance during the forecast period due to the increase in the food and beverage industry. North America will however register the highest CAGR for this period due to the occurrence of a number of consumer goods manufacturing companies.
The country section of the ultra-high barrier shrink films market 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 Ultra-High Barrier Shrink Films Market Share Analysis
The ultra-high barrier 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 ultra-high barrier shrink films market.
Some of major players operating in the ultra-high barrier shrink films market report 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