Market Overview:
The global heat shrink film market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for heat shrink films from various end-use industries, such as food and beverage, automotive, and electrical and electronics. In terms of type, the PVC segment is expected to lead the global heat shrink film market during the forecast period. This can be attributed to its properties such as high clarity, toughness, puncture resistance, and low-temperature performance. In terms of application, wraps are projected to lead the global heat shrink film market during the forecast period owing to their growing popularity among consumers for packaging various products.
Product Definition:
Heat shrink film is a polyolefin plastic film that shrinks in size when heated. It is used to package and protect products from damage during shipping and handling. Heat shrink film can also be used to create tamper-evident seals on packages.
PVC:
Polyvinyl Chloride (PVC) is a thermoplastic polymer, which can be extruded or injection molded. It has high resistance to chemicals and temperature, along with excellent mechanical strength. PVC can also be easily processed and printed on; it's the most versatile plastic in the market. The major application of this product includes electrical wires & cables, flooring foams and films & sheets for insulation purposes among others.
Polyolefin:
Polyolefin is a polymer, which contains olefins and is produced from the polymerization of ethylene. The most common types of polyolefin are High-Density Polyethylene (HDPE) and Low-Density Polyethylene (LDPE). They are widely used in packaging applications owing to their excellent mechanical properties such as high tensile strength, good chemical resistance along with high flexibility at low temperatures.
Application Insights:
Wraps led the market and accounted for more than 45.0% share of the global revenue in 2017. Wrapping food products in heat shrink films helps in maintaining the quality, taste, and shelf life of packaged foods by preventing direct contact with other materials such as air, moisture, oil & grease. These films are used to pack a wide range of food products including ready-to-eat meals (RTE) such as soups & sauces, frozen vegetables & fruits pulp bags along with dry mixes such as flour & grains powder bags among others which require protection from UV rays and other exterior elements during transportation or storage.
Heat shrink film is also used for labeling purposes on various consumer goods including cosmetics packaging which requires identification codes for tracking purposes during distribution channels or retail stores where it is sold final destination to customers.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and exporters coupled with high demand for heat shrink films from various end-use industries such as electronics, medical, food & beverages and others. The region is expected to witness significant growth over the forecast period on account of rising product demand from several application industries.
Asia Pacific is anticipated to be one of the fastest growing regions over the forecast period owing to rapid industrialization along with increasing foreign investments in China, India and Japan. In addition, favorable government regulations aimed at promoting domestic production are expected drive regional growth over next eight years.
Growth Factors:
- Increasing demand from end-use industries such as automotive, electrical and electronics, and construction
- Rising popularity of heat shrink films for packaging applications in food and beverage industry
- Growing use of heat shrink films for wire harnessing in the automotive sector
- Proliferation of e-commerce sector that necessitates safe and secure packaging solutions
- Technological advancements in the production of heat shrink films that offer better performance characteristics
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Shrink Film Market Research Report
By Type
PVC, Polyolefin, Other
By Application
Wraps, Bags, Labels, Other
By Companies
Bonset, Mitsubishi Chemical, Propak Industries, minipack®-torre, Now Plastics, Dixiepac, Grupo Phoenix, Berry, TUFflex, Intertape Polymer Group, Bonset, Bagla Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Heat Shrink Film Market Report Segments:
The global Heat Shrink Film market is segmented on the basis of:
Types
PVC, Polyolefin, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wraps, Bags, Labels, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bonset
- Mitsubishi Chemical
- Propak Industries
- minipack®-torre
- Now Plastics
- Dixiepac
- Grupo Phoenix
- Berry
- TUFflex
- Intertape Polymer Group
- Bonset
- Bagla Group
Highlights of The Heat Shrink Film Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PVC
- Polyolefin
- Other
- By Application:
- Wraps
- Bags
- Labels
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heat Shrink Film Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heat Shrink Film is a type of film that shrinks when it comes into contact with heat. This film is often used to protect objects from damage caused by fire, extreme temperatures, or other forms of heat.
Some of the major players in the heat shrink film market are Bonset, Mitsubishi Chemical, Propak Industries, minipack®-torre, Now Plastics, Dixiepac, Grupo Phoenix, Berry, TUFflex, Intertape Polymer Group, Bonset, Bagla Group.
The heat shrink film market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heat Shrink Film Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heat Shrink Film Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heat Shrink Film Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heat Shrink Film Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heat Shrink Film Market Size & Forecast, 2020-2028
4.5.1 Heat Shrink Film Market Size and Y-o-Y Growth
4.5.2 Heat Shrink Film Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 PVC
5.2.2 Polyolefin
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Wraps
6.2.2 Bags
6.2.3 Labels
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heat Shrink Film Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heat Shrink Film Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 PVC
9.6.2 Polyolefin
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Wraps
9.10.2 Bags
9.10.3 Labels
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 PVC
10.6.2 Polyolefin
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Wraps
10.10.2 Bags
10.10.3 Labels
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 PVC
11.6.2 Polyolefin
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Wraps
11.10.2 Bags
11.10.3 Labels
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 PVC
12.6.2 Polyolefin
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Wraps
12.10.2 Bags
12.10.3 Labels
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 PVC
13.6.2 Polyolefin
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Wraps
13.10.2 Bags
13.10.3 Labels
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heat Shrink Film Market: Competitive Dashboard
14.2 Global Heat Shrink Film Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bonset
14.3.2 Mitsubishi Chemical
14.3.3 Propak Industries
14.3.4 minipack®-torre
14.3.5 Now Plastics
14.3.6 Dixiepac
14.3.7 Grupo Phoenix
14.3.8 Berry
14.3.9 TUFflex
14.3.10 Intertape Polymer Group
14.3.11 Bonset
14.3.12 Bagla Group
