Barrier Shrink Films Market Size, Share, Growth Report 2030

Barrier Shrink Films Market

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

Category: Packaging Report Format : PDF Pages: 110 Report Code: ZMR-3147 Published Date: Sep-2020 Status : Published

The global Barrier Shrink Films market will register a CAGR of nearly 5.9% during the period from 2020 to 2026. The report offers assessment and analysis of the Barrier Shrink Films market on a global and regional level.

The global Barrier Shrink Films market will register a CAGR of nearly 5.9% during the period from 2020 to 2026. The report offers assessment and analysis of the Barrier Shrink Films market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Introduction

Barrier shrink films are peelable & enclosable lidding films used to package fresh food products like poultry, cheese, and meat. This kind of packaging have gained popularity owing to its outstanding printing designs and ability to improve the shelf life of the food products. Growing trend among firms who are into packaging business to offer complete packaging solutions to their customers will steer the growth of the market in the years to come. The packaging is utilized for product transparency along with offering protection to the food items from dust, moisture, and gas. It also preserves the aroma, flavor, freshness, and taste of the food items.

Market Growth Drivers

Escalating need for sustainable packaging and necessity to provide UV protection to the products are some of the major aspects that will drive the expansion of the barrier shrink films industry over the forecast timespan. In addition to this, it is the top-most priority of the firms to offer protection to the goods during its storage in warehouse for an elongated period and this will culminate into huge market demand over the estimated timeline. Apparently, large-scale intake of dairy items as well as ready-to-eat snacks, frozen meals, and snacks will proliferate the market size over the ensuing years. Nonetheless, easy availability of cartons & bio-degradable films as key substitutes for barrier shrink films will put brakes on the business growth over the assessment period.

Asia Pacific Market To Register Substantial Growth Over Forecast Timespan

The growth of the market in Asia Pacific over the estimated timeline can be credited to humungous demand for the packaging of the food products in the countries like India, China, Thailand, Indonesia, and Malaysia. In addition to this, hot and humid climatic conditions experienced in the Asian countries has resulted in need for sustainable packaging of food items to prevent it from getting spoiled. This, in turn, will spearhead the regional market space over the forecast timeframe. Countries like India and China are anticipated to be the key regional revenue pockets over the estimated timeline.

Major players influencing the market are Sealed Air Corporation, Coveris Holdings S.A., Flavorseal Llc., Schur Flexibles Group, Premiumpack GmbH, Winpak Ltd., Bemis Company, Inc., Buergofol GmbH, Kureha Corporation, and Flexopack S.A.

The global barrier shrink films market is segmented as follows:

By product:

  • Shrink Forms
  • Vacuum Bags
  • Flowpacks
  • Chubs
  • Shrink Wraps

By material:

  • Polyamide (PA)
  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Ethyl Vinyl Alcohol (EVOH)

By end-user:

  • Electronics
  • Healthcare
  • Food & Vacuum Bags
  • Cosmetics & Personal Care

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Escalating need for sustainable packaging and necessity to provide UV protection to the products are some of the major aspects that will drive the expansion of the barrier shrink films industry over the forecast timespan. In addition to this, it is the top-most priority of the firms to offer protection to the goods during its storage in warehouse for an elongated period and this will culminate into huge market demand over the estimated timeline.   

According to Zion Market Research, the CAGR of the industry is expected to be nearly 5.9% during the forecast timeline.

Asia Pacific will contribute remarkably towards the global Barrier Shrink Films Market share over the estimated timeline. The growth of the Barrier Shrink Films Market in the region during the forecast timespan is due to humungous demand for the packaging of the food products in the countries like India, China, Thailand, Indonesia, and Malaysia. In addition to this, hot and humid climatic conditions experienced in the Asian countries has resulted in need for sustainable packaging of food items to prevent it from getting spoiled. This, in turn, will spearhead the regional market space over the forecast timeframe.

The key market players include Sealed Air Corporation, Coveris Holdings S.A., Flavorseal Llc., Schur Flexibles Group, Premiumpack GmbH, Winpak Ltd., Bemis Company, Inc., Buergofol GmbH, Kureha Corporation, and Flexopack S.A. These players are trying to introduce eco-friendly products and focusing on various kinds of sales promotion activities, thereby contributing remarkably towards the overall market revenue in the near future. Moreover, they are implementing reverse positioning strategies to inflate their revenues during the specified timespan.

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