Market Overview:
The global shrink film packaging 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 packaged food and beverages, rising awareness about hygiene and safety, and growing popularity of shrink film packaging among consumers. The shrink film packaging market is segmented on the basis of type into printed shrink film and unprinted shrink film. The printed shrink films segment is further sub-segmented into transparent printed films, metallized printed films, and colored printed films. On the basis of application, the market is divided into food, beverage, cosmetics, and other applications such as pharmaceuticals & medical devices etcetera).
Product Definition:
Shrink Film Packaging is a packaging material made up of polymer film which shrinks when heat is applied. The importance of shrink film packaging is that it provides an airtight and watertight seal, which helps to protect the product from outside contaminants.
Printed Shrink Film:
Printed shrink film is a type of packaging that involves the use of polyester or other types of heat shrinkable films for printing and packaging purposes. It’s major application includes consumer goods, such as clothing, household goods, toys & games and electronic products among others.
Unprinted Shrink Film:
Unprinted shrink film is also known as basic shrink film or non-branded shrink film. It is the most widely used type of shrink packaging in the industry. The major application of this product includes electronic products, consumer goods, and industrial goods among others. Electronic products such as computers & laptops are one of the largest consumers of this product due to its capability to protect sensitive data from physical damage during shipping & storage and other handling procedures which include extreme temperatures and pressures.
Application Insights:
The food application segment accounted for the largest revenue share of over 40% in 2017. The shrink film packaging solutions are used for a wide range of applications including food, beverage and cosmetics. Shrink films are preferred for their properties such as moisture barrier and oxygen barrier which help extend the shelf life of products packaged using them.
The other application segment includes electronics, pharmaceuticals, toys & games and other consumer goods where shrink wrap is used to protect products from damage or enhance their appearance before they are sold to consumers. In addition, these films help prevent leakage during transit by providing cushioning around product edges preventing any harm caused to the product itself or surrounding items by way of impact or pressure against it during transportation.
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 consumer disposable income levels in emerging economies, such as China and India. In addition, rising demand for packaged food coupled with growing health awareness will drive the market over the forecast period.
Europe was valued at USD X million in 2017 owing to high product demand from various application industries including food & beverage, cosmetics and other sectors on account of technological advancements coupled with stringent regulations regarding environmental protection. The printed shrink film segment dominated Europe's shrink film industry accounting for more than 80% share in terms of revenue due to its wide usage across several applications including pharmaceuticals, cosmetics among others.
Growth Factors:
- Increasing demand for shrink film packaging from food and beverage industry as it preserves the freshness and taste of the product for a longer period of time.
- Rising demand for shrink film packaging from pharmaceutical and personal care products industry due to its ability to protect the product from external environment and moisture.
- Growing popularity of ready-to-eat food items, which is driving the demand for shrink film packaging in order to preserve their freshness and taste.
- Technological advancements in shrinking equipment that are making the process faster, easier, and more efficient resulting in higher adoption rates among end users.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrink Film Packaging Market Research Report
By Type
Printed Shrink Film, Unprinted Shrink Film
By Application
Food, Beverage, Cosmetics, Other
By Companies
Berry Plastics Corporation, Sealed Air Corporation, Amcor Limited, Coveris Holdings, Reynolds, Sigma Plastics, Clondalkin, Polyrafia, Crayex Corporation, Tri-Cor, Berry Plastics Corporation
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Shrink Film Packaging Market Report Segments:
The global Shrink Film Packaging market is segmented on the basis of:
Types
Printed Shrink Film, Unprinted Shrink Film
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, Beverage, Cosmetics, 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:
- Berry Plastics Corporation
- Sealed Air Corporation
- Amcor Limited
- Coveris Holdings
- Reynolds
- Sigma Plastics
- Clondalkin
- Polyrafia
- Crayex Corporation
- Tri-Cor
- Berry Plastics Corporation
Highlights of The 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:
- Printed Shrink Film
- Unprinted Shrink Film
- By Application:
- Food
- Beverage
- Cosmetics
- 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 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?
Shrink film packaging is a type of packaging that uses heat and pressure to shrink a film around an object or product. The film can be made from different materials, including plastic, paper, and metal. Shrink films are often used to package food products, such as meat or cheese.
Some of the major companies in the shrink film packaging market are Berry Plastics Corporation, Sealed Air Corporation, Amcor Limited, Coveris Holdings, Reynolds, Sigma Plastics, Clondalkin, Polyrafia, Crayex Corporation, Tri-Cor, Berry Plastics Corporation.
The shrink film packaging 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 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 Shrink Film Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Shrink Film Packaging Market Size & Forecast, 2018-2028
4.5.1 Shrink Film Packaging Market Size and Y-o-Y Growth
4.5.2 Shrink Film Packaging Market Absolute $ Opportunity
Chapter 5 Global 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 Shrink Film Packaging Market Size Forecast by Type
5.2.1 Printed Shrink Film
5.2.2 Unprinted Shrink Film
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Shrink Film Packaging Market Size Forecast by Applications
6.2.1 Food
6.2.2 Beverage
6.2.3 Cosmetics
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Shrink Film Packaging Analysis and Forecast
9.1 Introduction
9.2 North America 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 Shrink Film Packaging Market Size Forecast by Type
9.6.1 Printed Shrink Film
9.6.2 Unprinted Shrink Film
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 Shrink Film Packaging Market Size Forecast by Applications
9.10.1 Food
9.10.2 Beverage
9.10.3 Cosmetics
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 Shrink Film Packaging Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Shrink Film Packaging Market Size Forecast by Type
10.6.1 Printed Shrink Film
10.6.2 Unprinted Shrink Film
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 Shrink Film Packaging Market Size Forecast by Applications
10.10.1 Food
10.10.2 Beverage
10.10.3 Cosmetics
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 Shrink Film Packaging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Shrink Film Packaging Market Size Forecast by Type
11.6.1 Printed Shrink Film
11.6.2 Unprinted Shrink Film
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 Shrink Film Packaging Market Size Forecast by Applications
11.10.1 Food
11.10.2 Beverage
11.10.3 Cosmetics
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 Shrink Film Packaging Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Shrink Film Packaging Market Size Forecast by Type
12.6.1 Printed Shrink Film
12.6.2 Unprinted Shrink Film
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 Shrink Film Packaging Market Size Forecast by Applications
12.10.1 Food
12.10.2 Beverage
12.10.3 Cosmetics
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) Shrink Film Packaging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Shrink Film Packaging Market Size Forecast by Type
13.6.1 Printed Shrink Film
13.6.2 Unprinted Shrink Film
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) Shrink Film Packaging Market Size Forecast by Applications
13.10.1 Food
13.10.2 Beverage
13.10.3 Cosmetics
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 Shrink Film Packaging Market: Competitive Dashboard
14.2 Global Shrink Film Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Berry Plastics Corporation
14.3.2 Sealed Air Corporation
14.3.3 Amcor Limited
14.3.4 Coveris Holdings
14.3.5 Reynolds
14.3.6 Sigma Plastics
14.3.7 Clondalkin
14.3.8 Polyrafia
14.3.9 Crayex Corporation
14.3.10 Tri-Cor
14.3.11 Berry Plastics Corporation
