Market Overview:
The global pallet shrink film packaging market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for pallet shrink film packaging from various end-use industries, such as food & beverages, industrial/bulk product, pharmaceuticals, and consumer products. Polyolefin plastics is the most commonly used type of material in pallet shrink film packaging and is projected to grow at a CAGR of 5.8% during the forecast period.
Product Definition:
Pallet shrink film packaging is a type of packaging that uses a shrink film to wrap around the product and then heat is applied to make the film shrink and fit tightly around the product. This type of packaging is often used for products that are being shipped on pallets. The importance of pallet shrink film packaging is that it provides a secure way to package products and helps protect them from damage during shipping.
Polyolefin plastics:
Polyolefin plastics, commonly known as olefins are a group of thermoplastics that contain unsaturated hydrocarbons connected by olefinic bonds. The most common types of polyolefins used in the packaging industry are low-density polyethylene (LDPE) and high-density polyethylene (HDPE).
Linear Low Density Polyethylene (LLDPE):
Linear low density polyethylene (LLDPE) is a form of polyethylene that has low molecular weight and high density. LLDPE is used in the manufacturing of pallet shrink film packaging owing to its properties such as flexibility, toughness, heat resistance, and chemical stability. It also offers excellent barrier protection from oxygen, water vapor and light; which makes it suitable for use in the packaging industry.
Application Insights:
The food & beverage packaging segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for shrink film packaging from various industries including dairy, bakery and confectionery. Shrink films offer flexibility in product presentation as well as help preserve food flavors, aromas and nutritional content.
Consumer goods are another major application sector of the global market owing to rising disposable income levels coupled with growing purchasing power of consumers in developing regions such as Asia Pacific and Latin America. Moreover, rapid urbanization along with changing lifestyles has created a high demand for household care products which further drives industry growth across various applications such as industrial/bulk product packaging or pharmaceuticals packaging where pallet shrink films are used together with corrugated boards or metal containers among others depending upon specific requirements of each application type.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for consumer packaged goods, such as food & beverages, industrial/bulk products, and pharmaceuticals. Increasing population along with rising living standards have spurred product demand from developing countries including China and India.
The Asia Pacific economy is characterized by rapid urbanization along with increasing per capita income in key economies including China, India, Indonesia, Malaysia Philippines Singapore Thailand Vietnam Bangladesh Pakistan Sri Lanka Myanmar (Burma) South Korea Nigeria Egypt Ethiopia Libya Morocco Iran Iraq Kuwait Oman Qatar Saudi Arabia United Arab Emirates (UAE). These factors are anticipated to drive industry expansion over the coming years.
North America pallet shrink film packaging market accounted for a share of more than 10% in 2017 owing to growing consumption of consumer packaged goods from developed economies such as U.S.
Growth Factors:
- Increasing demand for Pallet Shrink Film Packaging from food and beverage industry
- Rising demand for Pallet Shrink Film Packaging in pharmaceutical and healthcare sector
- Growing popularity of Pallet Shrink Film Packaging in e-commerce sector
- Proliferation of retail outlets across the globe
- Technological advancements in Pallet Shrink Film Packaging
Scope Of The Report
Report Attributes
Report Details
Report Title
Pallet Shrink Film Packaging Market Research Report
By Type
Polyolefin plastics, Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Polyvinyl chloride (PVC), Polypropylene (PP), Others
By Application
Food & Beverages packaging, Industrial/bulk product packaging, Pharmaceuticals packaging, Consumer product packaging, Others
By Companies
AEP Industries Inc., Amcor Limited, Coveris Holdings S.A., Sigma Plastics Group, Inc., DongGuan HuaYu Packing co., Ltd., Grafix Arts, Clondalkin Group Holdings BV, Berry Global, Inc.
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Pallet Shrink Film Packaging Market Report Segments:
The global Pallet Shrink Film Packaging market is segmented on the basis of:
Types
Polyolefin plastics, Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Polyvinyl chloride (PVC), Polypropylene (PP), Others
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
Food & Beverages packaging, Industrial/bulk product packaging, Pharmaceuticals packaging, Consumer product packaging, Others
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:
- AEP Industries Inc.
- Amcor Limited
- Coveris Holdings S.A.
- Sigma Plastics Group, Inc.
- DongGuan HuaYu Packing co., Ltd.
- Grafix Arts
- Clondalkin Group Holdings BV
- Berry Global, Inc.
Highlights of The Pallet Shrink Film Packaging 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:
- Polyolefin plastics
- Linear Low Density Polyethylene (LLDPE)
- Low Density Polyethylene (LDPE)
- Polyvinyl chloride (PVC)
- Polypropylene (PP)
- Others
- By Application:
- Food & Beverages packaging
- Industrial/bulk product packaging
- Pharmaceuticals packaging
- Consumer product packaging
- Others
- 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 Pallet Shrink Film Packaging 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?
Pallet shrink film packaging is a type of plastic packaging that is made from a sheet of plastic that has been coated with a heat-sensitive adhesive. The film is then cut into the desired shape and size, and then it is heated until the adhesive becomes hot enough to start shrinking the film. Once shrunk, the film can be peeled off one layer at a time to create your final product.
Some of the major companies in the pallet shrink film packaging market are AEP Industries Inc., Amcor Limited, Coveris Holdings S.A., Sigma Plastics Group, Inc., DongGuan HuaYu Packing co., Ltd., Grafix Arts, Clondalkin Group Holdings BV, Berry Global, Inc..
The pallet shrink film packaging 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 Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging Market Size & Forecast, 2018-2028
4.5.1 Pallet Shrink Film Packaging Market Size and Y-o-Y Growth
4.5.2 Pallet Shrink Film Packaging Market Absolute $ Opportunity
Chapter 5 Global Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging Market Size Forecast by Type
5.2.1 Polyolefin plastics
5.2.2 Linear Low Density Polyethylene (LLDPE)
5.2.3 Low Density Polyethylene (LDPE)
5.2.4 Polyvinyl chloride (PVC)
5.2.5 Polypropylene (PP)
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging Market Size Forecast by Applications
6.2.1 Food & Beverages packaging
6.2.2 Industrial/bulk product packaging
6.2.3 Pharmaceuticals packaging
6.2.4 Consumer product packaging
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging Analysis and Forecast
9.1 Introduction
9.2 North America Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging Market Size Forecast by Type
9.6.1 Polyolefin plastics
9.6.2 Linear Low Density Polyethylene (LLDPE)
9.6.3 Low Density Polyethylene (LDPE)
9.6.4 Polyvinyl chloride (PVC)
9.6.5 Polypropylene (PP)
9.6.6 Others
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 Pallet Shrink Film Packaging Market Size Forecast by Applications
9.10.1 Food & Beverages packaging
9.10.2 Industrial/bulk product packaging
9.10.3 Pharmaceuticals packaging
9.10.4 Consumer product packaging
9.10.5 Others
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 Pallet Shrink Film Packaging Analysis and Forecast
10.1 Introduction
10.2 Europe Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging Market Size Forecast by Type
10.6.1 Polyolefin plastics
10.6.2 Linear Low Density Polyethylene (LLDPE)
10.6.3 Low Density Polyethylene (LDPE)
10.6.4 Polyvinyl chloride (PVC)
10.6.5 Polypropylene (PP)
10.6.6 Others
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 Pallet Shrink Film Packaging Market Size Forecast by Applications
10.10.1 Food & Beverages packaging
10.10.2 Industrial/bulk product packaging
10.10.3 Pharmaceuticals packaging
10.10.4 Consumer product packaging
10.10.5 Others
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 Pallet Shrink Film Packaging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging Market Size Forecast by Type
11.6.1 Polyolefin plastics
11.6.2 Linear Low Density Polyethylene (LLDPE)
11.6.3 Low Density Polyethylene (LDPE)
11.6.4 Polyvinyl chloride (PVC)
11.6.5 Polypropylene (PP)
11.6.6 Others
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 Pallet Shrink Film Packaging Market Size Forecast by Applications
11.10.1 Food & Beverages packaging
11.10.2 Industrial/bulk product packaging
11.10.3 Pharmaceuticals packaging
11.10.4 Consumer product packaging
11.10.5 Others
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 Pallet Shrink Film Packaging Analysis and Forecast
12.1 Introduction
12.2 Latin America Pallet Shrink Film Packaging 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 Pallet Shrink Film Packaging Market Size Forecast by Type
12.6.1 Polyolefin plastics
12.6.2 Linear Low Density Polyethylene (LLDPE)
12.6.3 Low Density Polyethylene (LDPE)
12.6.4 Polyvinyl chloride (PVC)
12.6.5 Polypropylene (PP)
12.6.6 Others
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 Pallet Shrink Film Packaging Market Size Forecast by Applications
12.10.1 Food & Beverages packaging
12.10.2 Industrial/bulk product packaging
12.10.3 Pharmaceuticals packaging
12.10.4 Consumer product packaging
12.10.5 Others
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) Pallet Shrink Film Packaging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pallet Shrink Film Packaging 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) Pallet Shrink Film Packaging Market Size Forecast by Type
13.6.1 Polyolefin plastics
13.6.2 Linear Low Density Polyethylene (LLDPE)
13.6.3 Low Density Polyethylene (LDPE)
13.6.4 Polyvinyl chloride (PVC)
13.6.5 Polypropylene (PP)
13.6.6 Others
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) Pallet Shrink Film Packaging Market Size Forecast by Applications
13.10.1 Food & Beverages packaging
13.10.2 Industrial/bulk product packaging
13.10.3 Pharmaceuticals packaging
13.10.4 Consumer product packaging
13.10.5 Others
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 Pallet Shrink Film Packaging Market: Competitive Dashboard
14.2 Global Pallet Shrink Film Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AEP Industries Inc.
14.3.2 Amcor Limited
14.3.3 Coveris Holdings S.A.
14.3.4 Sigma Plastics Group, Inc.
14.3.5 DongGuan HuaYu Packing co., Ltd.
14.3.6 Grafix Arts
14.3.7 Clondalkin Group Holdings BV
14.3.8 Berry Global, Inc.
