Business

Shrink Films Market Analysis By Top Companies like Sealed Air, KUREHA CORPORATION, Winpak Ltd., Flexopack, Bonset America Corporation, COVERIS, PREMIUMPACK GmbH

Global Shrink Films Market By Material (PE, PP, PET, EVOH, PVC, PVDC, PA), Barrier Type (Low Barrier, Medium Barrier, High Barrier, Ultra-High Barrier), Thickness (Up to 15 Microns, 15-30 Microns, 30-50 Microns, Above 50 Microns), Packaging Application (Wraps, Bags, Labels), End-Users (Dairy Products, Fruits & Vegetables, Bakery & Confectionery, Meat, Poultry & Seafood, Cosmetics & Healthcare Products, Consumer Goods & Household, Food Service Outlets, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: 

Global shrink films market is expected to rise to an estimated value of USD 6.27 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the significant rise in demand for shrink films due to its significant areas of application as well as the advancements in technologies is also set to be a major factor for the market growth.

To Obtain All-Inclusive Information On Forecast Analysis Of Global Market, Request A Pdf Brochure Here @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-shrink-films-market

Competitive Analysis:

Global shrink films market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of shrink films market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global shrink films market are 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 and Bagla Group among others.

Market Drivers:

  • Increasing adoption by e-commerce competitors due to its benefits and cost-effective nature is expected to drive the growth of the market
  • Cost-effective nature of the product is also expected to drive the growth of the market
  • Light-weight, flexible nature along with resistance against various external factors is also expected to drive the growth of the market
  • Growing trading activities which has been a result of globalization is also expected to augment growth of the market

Market Restraints:

  • Concerns regarding the fluctuations in prices of plastics affected by petrochemicals’ vulnerable nature is expected to hamper the growth of the market
  • Environmental concerns with the usage of plastics is also expected to restrict the adoption rate
  • Presence of strict government regulations is also expected to restrain the growth of the market
  • Availability and rising levels of competition from the other variants available such as stretch films is also expected to restrain the growth of the market

Grab Your Report at an Impressive Discount! Please click Here @ https://databridgemarketresearch.com/checkout/buy/enterprise/global-shrink-films-market

Key Developments in the Market:

  • In May 2018, Crawford Packaging announced that they had acquired Celplast Packaging Systems Ltd and BVM USA. Celplast is an established leader of shrink films, food trays & lids, lidding films and heat sealable films. The company also deals in packaging equipment for the various end-users. BVM USA is focused on distribution of packaging equipment of BVM Brunner, the parent company of BVM USA. The company provides high quality of manufacturing equipment for packaging. The acquired company will provide independent services and will be integrated into Crawford Packaging gradually.
  • In April 2018, Transcontinental Inc. announced that they had acquired the operations of COVERIS’ American business for approximately USD 1.32 billion. American business division is one of the leader for flexible packaging, such as rollstock, bags, pouches, coextruded films, shrink films, coated substrates and labels in North America. 

About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

 

Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune. We ponder into the heterogeneous markets in accord with our clients needs and scoop out the best possible solutions and detailed information about the market trends. Data Bridge delve into the markets across Asia, North America, South America, Africa to name few.

Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

 

Contact: 

Data Bridge Market Research

Tel: +1-888-387-2818

Email: [email protected]

Close