28-Sep-2020 | Zion Market Research
As per forecasters at Zion Market Research, the global barrier shrink films market is expected to grow at a CAGR of over 5.9% over the forecasted period 2020–2026. There is higher demand from the end-user businesses where the products are stocked up in retail stores. The fresh & processed food industry might be a good instance to pursue where products like poultry, meat, and cheese stored in plastic trays and covered with peelable and generally with reclosable lidding laminates or films. The barrier shrink films are predicted to become very demanding in the future owing to their convenience, exceptional printing designs, and the ability to prolong the shelf life of products. At present, the firms are focusing more on offering comprehensive and innovative packaging solutions. The barrier shrink films are utilized for providing clearness to the product coupled with protection from moisture, gases, dust, and preserve the aroma.
Some of the leading players in the market are Flavorseal Llc., Sealed Air Corporation, Premiumpack GmbH, Bemis Company, Inc., Coveris Holdings S.A., Buergofol GmbH, Kureha Corporation, Winpak Ltd., Schur Flexibles Group, and Flexopack S.A.
Increasing Demand For Barrier Shrink Films From Various Industries To Accelerate The Growth Of The Global Market
There is a surge in the demand for barrier shrink films from various segments where products like poultry, meat, and cheese are stocked in retail store shelves. The shrink films are also used in bundling & protection of goods while storing in warehouse and distribution coupled with augmenting consumption of the dairy product and ready to eat snacks, meals, and frozen meals are some of the major factors projected to stimulate the barrier shrink films market. Additionally, the augmenting health-related concerns amongst the customers have generated considerable demand for barrier packaging films. The factors like availability of other alternatives like liquid cartons and recycling & dumping of barrier shrink films have induced environmental deprivation, which will possibly impact the growth of the global barrier shrink films market during 2019–2025.
The global barrier shrink films market is bifurcated on the basis of material, product, end-user, and regional analysis. Based on the product, the market is divided into flow packs, vacuum bags, chubs, shrink forms, and shrink wraps. Based on the material, the market is divided into PE (polyethylene), PET (polyethylene terephthalate), PA (polyamide), PP (polypropylene), and EVOH (ethyl vinyl alcohol). Based on the end-user, the market is divided into food & beverages, healthcare, cosmetics & personal care, and electronics.
The Asia Pacific Region Excluding Japan Predicted To Witness Massive Growth In The Global Barrier Shrink Films Market
Based on geographical analysis, the global barrier shrink films market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Asia Pacific region excluding Japan is a major segment in the global market and is estimated to register maximum share in the future. The Asia Pacific region excluding Japan is expected to augment at a CAGR of 6.6% and gain more BPS (basis points) compared to other regions in the forecasted period.
Browse the full “Barrier Shrink Films Market - By Material (Polyethylene, Polyethylene Terephthalate, Polyamide, Polypropylene, and Ethyl Vinyl Alcohol), By Product (Flowpacks, Vacuum Bags, Shrink Forms, Chubs, and Shrink Wraps), By End-User (Food & Vacuum Bags, Healthcare, Cosmetics & Personal Care, and Electronics), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/barrier-shrink-films-market
The global barrier shrink films market is segmented as follows:
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