Market Overview:
The global shrink bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for shrink bags from various end-use industries, such as food, electronics, cosmetics & personal care, healthcare & pharmaceuticals and industrial. In terms of type, the round bottom segment is expected to lead the global shrink bags market during the forecast period due to its properties such as high clarity and resistance against tearing. In terms of application, food is expected to be one of the fastest-growing segments in the global shrink bags market during 2018–2030 owing to its growing demand for packaging applications across different regions.
Product Definition:
shrink bag is a polyethylene film bag which shrinks in size when heated.
Round Bottom:
Round bottom bags are used for packaging a wide range of products including food, consumer goods and pharmaceuticals. The product is manufactured using high-quality materials such as polyester or cotton, which makes the bag durable. Furthermore, these types of bags have low production costs owing to their simple manufacturing process and easy availability in bulk quantities.
Straight Bottom:
Straight bottom is a type of shrink packaging used for the packaging of products in which the product is placed on its side and then it is shrink wrapped around the product. It offers several advantages over other types of bags such as multi-level marketing, bulk discounts, display options, and superior protection from damage.
The primary benefit offered by straight bottom bags is that they are easy to fill with various products ranging from small to large-sized products.
Application Insights:
The food application segment accounted for the largest revenue share in 2017 and is projected to expand at a steady CAGR over the forecast period. The bags are used for packaging various types of food products such as fruits, vegetables, meat, poultry & seafood and dairy products among others. In addition, they are also used for packing dry foods such as cereals owing to their sealable lids that prevent oxidation and contamination from external sources.
Electronics is another major application segment where shrink film bags are widely utilized due to high product fragility coupled with customer awareness about safety procedures while handling electronic components during manufacturing & assembly operations. Shrink film provides thermal insulation against heat or cold which aids in maintaining the integrity of electronic devices during transportation or storage resulting in enhanced product quality at end-use locations thus driving its demand globally over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing foreign investments in the region. The Middle East & Africa is also expected to witness significant growth over the forecast period due to rising demand for pharmaceutical products, electronics, and food products among others.
North America was valued at USD X million in 2017 owing its large population base along with high spending capacity of consumers coupled with stringent regulatory framework regarding quality standards and safety issues associated with consumer goods. Europe also has a substantial share of globalshrink bags market as major countries such as Germany, U.K., France have made it mandatory for all electrical & electronic appliances including mobile phones and laptops etc.,to carry an eco label which indicates that product has been recycled under strict environmental conditions or it comes without any packaging material such as plastic or paper etc.
Growth Factors:
- Increasing demand for shrink bags from food and beverage industry as a result of their ability to preserve the freshness and flavor of the product for a longer period of time.
- Rising popularity of vacuum packaging as it helps in extending the shelf life of food products by removing air and moisture from inside the package.
- Growing demand for shrink bags from pharmaceutical sector due to their ability to protect sensitive drugs from environmental factors such as light, heat, and humidity.
- Increasing use of shrink bags in cosmetics industry as they help in preserving the quality and freshness of products over an extended period of time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrink Bags Market Research Report
By Type
Round Bottom, Straight Bottom, Side Sealed
By Application
Food, Electronics, Cosmetics & Personal Care, Healthcare & Pharmaceuticals, Industrial
By Companies
Amcor, Kureha, Sealed Air, Winpak, Flexopack, Coveris Holdings, PREMIUMPACK, Schur Flexible Group, BUERGOFOL, Allfo Vakuumverpackungen Hans Bresele Kg, Amcor, Spektar d.o.o., Atlantis-Pak, Inauen Group, GAP S.r.l.
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Shrink Bags Market Report Segments:
The global Shrink Bags market is segmented on the basis of:
Types
Round Bottom, Straight Bottom, Side Sealed
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, Electronics, Cosmetics & Personal Care, Healthcare & Pharmaceuticals, Industrial
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:
- Amcor
- Kureha
- Sealed Air
- Winpak
- Flexopack
- Coveris Holdings
- PREMIUMPACK
- Schur Flexible Group
- BUERGOFOL
- Allfo Vakuumverpackungen Hans Bresele Kg
- Amcor
- Spektar d.o.o.
- Atlantis-Pak
- Inauen Group
- GAP S.r.l.
Highlights of The Shrink Bags 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:
- Round Bottom
- Straight Bottom
- Side Sealed
- By Application:
- Food
- Electronics
- Cosmetics & Personal Care
- Healthcare & Pharmaceuticals
- Industrial
- 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 Shrink Bags 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
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- Business Expansion Strategies
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- Understanding Competition Scenario
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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?
Shrink bags are a type of packaging that is made from a thin, flexible material. They are used to store items such as food or clothes and can be sealed using heat or pressure. Shrink bags can be made from many different materials, including plastic, paper, and cloth.
Some of the key players operating in the shrink bags market are Amcor, Kureha, Sealed Air, Winpak, Flexopack, Coveris Holdings, PREMIUMPACK, Schur Flexible Group, BUERGOFOL, Allfo Vakuumverpackungen Hans Bresele Kg, Amcor, Spektar d.o.o., Atlantis-Pak, Inauen Group, GAP S.r.l..
The shrink bags market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shrink Bags 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 Shrink Bags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shrink Bags 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 Shrink Bags 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 Shrink Bags Market Size & Forecast, 2020-2028
4.5.1 Shrink Bags Market Size and Y-o-Y Growth
4.5.2 Shrink Bags 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 Round Bottom
5.2.2 Straight Bottom
5.2.3 Side Sealed
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 Food
6.2.2 Electronics
6.2.3 Cosmetics & Personal Care
6.2.4 Healthcare & Pharmaceuticals
6.2.5 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shrink Bags 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 Shrink Bags 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 Round Bottom
9.6.2 Straight Bottom
9.6.3 Side Sealed
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 Food
9.10.2 Electronics
9.10.3 Cosmetics & Personal Care
9.10.4 Healthcare & Pharmaceuticals
9.10.5 Industrial
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 Round Bottom
10.6.2 Straight Bottom
10.6.3 Side Sealed
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 Food
10.10.2 Electronics
10.10.3 Cosmetics & Personal Care
10.10.4 Healthcare & Pharmaceuticals
10.10.5 Industrial
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 Round Bottom
11.6.2 Straight Bottom
11.6.3 Side Sealed
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 Food
11.10.2 Electronics
11.10.3 Cosmetics & Personal Care
11.10.4 Healthcare & Pharmaceuticals
11.10.5 Industrial
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 Round Bottom
12.6.2 Straight Bottom
12.6.3 Side Sealed
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 Food
12.10.2 Electronics
12.10.3 Cosmetics & Personal Care
12.10.4 Healthcare & Pharmaceuticals
12.10.5 Industrial
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 Round Bottom
13.6.2 Straight Bottom
13.6.3 Side Sealed
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 Food
13.10.2 Electronics
13.10.3 Cosmetics & Personal Care
13.10.4 Healthcare & Pharmaceuticals
13.10.5 Industrial
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 Shrink Bags Market: Competitive Dashboard
14.2 Global Shrink Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amcor
14.3.2 Kureha
14.3.3 Sealed Air
14.3.4 Winpak
14.3.5 Flexopack
14.3.6 Coveris Holdings
14.3.7 PREMIUMPACK
14.3.8 Schur Flexible Group
14.3.9 BUERGOFOL
14.3.10 Allfo Vakuumverpackungen Hans Bresele Kg
14.3.11 Amcor
14.3.12 Spektar d.o.o.
14.3.13 Atlantis-Pak
14.3.14 Inauen Group
14.3.15 GAP S.r.l.
