A10630 | Pages: NA | Jul 2022 | 1652 Views | | |
Author(s) : Roshan Deshmukh | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Shrink Bags Product Type
Request Now !Shrink bags are also often known to be shrink wraps. They are thin plastic material, high-clarity 100-gauge PVC that gets shrunken and tighten on applying heat. These bags are useful to seal important papers, bags, gifts, food items, electronic goods, and other items that might require protection for packing, storing, or shipping. Shrink bags or shrink wraps offer protection against bugs, dirt, debris, mold, and other damages. They are similar to vacuum pouches that are useful in storing poultry products. Due to their excellent shrink properties like high mechanical resistance, safety seals, and good clarity, shrink bags, have huge market demand. Shrink bags also provide excellent oxygen and moisture barrier protection to food products.
Shrink bags are considered to be one of the most powerful forms of packaging, owing to their time efficiency in manufacturing, affordability, multiple layer protection, and ample end-use applications. These bags have been accepted across several different industries, which include pharmaceuticals, food & beverages, electronics, and cosmetics.
Region wise, North America accounts for the major market share of shrink bags, which is attributed to rise in consumption of poultry and dairy and dairy products such as meat, fish, and cheese. Furthermore, as the retail sector is growing at a fast pace in developing countries such India and China, the Asia-Pacific region is expected to register the most accelerated growth rate in the coming years.
Shrink packaging technology is expected to drive the growth of the global shrink bags extensively over the forecast period.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value ($US) |
Segments covered | Product Type, Material Type, Barrier Type, Thickness, Application, and Region |
Regions covered | North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA) |
Companies covered | Sealed Air Corp., Winpak Ltd., Atlantis-Pak Co. Ltd., Kureha Corporation, Duropac, Coveris Holdings S.A, Schur Flexibles Group, Bemis Company Inc., Flavorseal Llc., Allfo Vakuumverpackungen Hans Bresele KG, Supralon International AG, Flexopack SA, Vac Pac Inc., Vector Packaging Inc., and Millepack srl. |
COVID-19 Scenario Analysis:
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The main factor that drives the global shrink bags market increase in extensive growth of the retail sector, majorly hypermarket, supermarket, and online retail sales. In addition to this, the increasing number of health concerns, fast-changing lifestyles, and rising disposable income among the middle-income group, are a few other major factors that drive the global shrink bag market. Furthermore, increase in consumption of poultry products, high flexibility of shrink bags, and demand for contamination-free food propel the demand for shrink bags.
However, biggest restrain in the shrink bags market is the non-reusable nature of these bags, which also causes environmental threat, and thus, hampers the growth of this market. Also, the presence of alternative packaging solutions is hindering the growth of the shrink bags market globally.
Although, rapidly increasing production and consumption of bone meat in the Middle East and European countries, results in high usage of shrink bags and is thereby, creates many lucrative opportunities for the players operating in the global shrink bags market. Along with this heavy-duty adhesive packaging material requirement by the shipping and logistics industry will also bolster the global shrink bags market.
Key Segments Covered:
Segments | Sub segments |
Product Type |
|
Material Type |
|
Barrier Type |
|
Thickness |
|
Application |
|
Key Benefits of the Report:
Questions Answered in the Shrink Bags Market Research Report:
Key Market Segments
Segments | Sub-segments |
---|---|
By Product Type |
|
By Material Type |
|
By Barrier Type |
|
By Application |
|
By Region |
|
Key Market Players
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers