Shrink Plastic Film Trends and Forecast
The future of the global shrink plastic film market looks promising with opportunities in the alcoholic beverages, water, and carbonated soft drink markets. The global shrink plastic film market is expected to reach an estimated $3.6 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are growing demand across different locations for products in cans and bottles, constant substitution of shrink films for traditional food packaging materials, as well as, emergence of a biodegradable form of plastic.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Shrink Plastic Film by Segment
The study includes a forecast for the global shrink plastic film by type, packaging, application, and region.
Shrink Plastic Film Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Unprinted
• Printed
Shrink Plastic Film Market by Packaging [Shipment Analysis by Value from 2018 to 2030]:
• Can
• Bottle
• Brick
Shrink Plastic Film Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Alcoholic Beverages
• Water
• Carbonated Soft Drinks
• Others
Shrink Plastic Film Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Shrink Plastic Film Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies shrink plastic film companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the shrink plastic film companies profiled in this report include-
• Amcor
• Coveris
• Ceisa Semo
• Clondalkin
• RKW
• Berry Global
• Plastotecnica
• Clearpack
• Sarkina
• Baroda Packaging
Shrink Plastic Film Market Insights
Lucintel forecasts that bottle will remain the largest segment over the forecast period because many major beverage companies choose to use bottles as they are more solid and secure for product transportation, ensuring that the product is delivered undamaged.
Within this market, water will remain the largest segment due to growth in the demand for packaged water has driven the market for shrink wraps for water bottles.
APAC is expected to witness highest growth over the forecast period due to the regionÄX%$%Xs high population density and rising purchasing power, customers are searching for a variety of comfort food and drink alternatives that they can grab on the move.
Features of the Global Shrink Plastic Film Market
Market Size Estimates: Shrink plastic film market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Shrink plastic film market size by type, packaging, application, and region in terms of value ($B).
Regional Analysis: Shrink plastic film market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, packaging, application, and regions for the shrink plastic film market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the shrink plastic film market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the shrink plastic film market size?
Answer: The global shrink plastic film market is expected to reach an estimated $3.6 billion by 2030.
Q2. What is the growth forecast for shrink plastic film market?
Answer: The global shrink plastic film market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the shrink plastic film market?
Answer: The major drivers for this market are growing demand across different locations for products in cans and bottles, constant substitution of shrink films for traditional food packaging materials, as well as, emergence of a biodegradable form of plastic.
Q4. What are the major segments for shrink plastic film market?
Answer: The future of the global shrink plastic film market looks promising with opportunities in the alcoholic beverages, water, and carbonated soft drink markets.
Q5. Who are the key shrink plastic film market companies?
Answer: Some of the key shrink plastic film companies are as follows:
• Amcor
• Coveris
• Ceisa Semo
• Clondalkin
• RKW
• Berry Global
• Plastotecnica
• Clearpack
• Sarkina
• Baroda Packaging
Q6. Which shrink plastic film market segment will be the largest in future?
Answer: Lucintel forecasts that bottle will remain the largest segment over the forecast period because many major beverage companies choose to use bottles as they are more solid and secure for product transportation, ensuring that the product is delivered undamaged.
Q7. In shrink plastic film market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the regionÄX%$%Xs high population density and rising purchasing power, customers are searching for a variety of comfort food and drink alternatives that they can grab on the move.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the shrink plastic film market by type (unprinted and printed), packaging (can, bottle, and brick), application (alcoholic beverages, water, carbonated soft drinks, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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