Barrier Shrink Films Market Scope
Barrier shrink film is a packaging material widely used for packaging fresh meat. These shrink bags become highly convenient since standard-size bags adapt themselves to individual sizes. This is highly adopted by the food packaging industry. The major reason is that it is recyclable and recoverable. Made from polymers like polyethylene or polyvinyl chloride (PVC), barrier shrink films come in various thicknesses and strengths. They're designed to be heated, causing them to shrink tightly around the item they're enclosing. These wonder wraps are used across diverse industries, from food and beverage to electronics and pharmaceuticals. They're even utilized in construction and agriculture for bundling materials and protecting equipment.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Amcor (Australia), Sealed Air (United States), Bemis (United States), Toppan Printing (Russia), Cosmo Films (India), Jindal Poly Films (India), Berry Global (United States), Coveris Holdings Sa (Austria), Ceisa Semo (France) and Clondalkin Group (The Netherlands) |
CAGR | % |
The companies are exploring the market in new geographical regions by and adopting various market growth business strategies including mergers & acquisitions, expansions, investments, and others. The market-leading players are capturing new market opportunities through expansions and acquisitions across the globe to avail market competitiveness and gain market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Barrier Shrink Films market throughout the predicted period.
Amcor (Australia), Sealed Air (United States), Bemis (United States), Toppan Printing (Russia), Cosmo Films (India), Jindal Poly Films (India), Berry Global (United States), Coveris Holdings Sa (Austria), Ceisa Semo (France) and Clondalkin Group (The Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are RKW Group (Germany), Berry Global Inc (United States) and Plastotecnica SpA (Italy).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Barrier Shrink Films market by Type , by Application (Food & Beverage Packaging, Pharmaceutical Packaging, Agriculture and Others) and Region with country level break-up.
On the basis of geography, the market of Barrier Shrink Films has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In October 2023, Sealed Air also announced the launch of its new Cryovac Stealth shrink film for fresh meat packaging. Stealth is designed to provide a sleek, black appearance that enhances the visual appeal of meat products.
Influencing Trend:
High Adoption Films Made of Polyolefin and polyethylene (PE) Plastics, that Provide UV Protection, as well as Affordability, These Aspects, Are Boosting the Growth of the Market
Market Growth Drivers:
Rapid Increase in Demand and Requirement of Polylactic Acid Films, along with the Growing Requirement for Shrink Films, and Growing Engagement of Sustainable Packaging
Challenges:
High Cost Associated with Raw Materials
Restraints:
Continuous Change in Consumer Demand
Opportunities:
The rising popularity and Need for Transparent Items that Helps in Protect from Smell, Gases, Moisture, as well as Dust Along with Transparency Thus Propelling Market Expansion
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Barrier Shrink Films Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries