pvdc shrink bags Market

The PVDC shrink bags market was valued at US$ 1,088.39 million in 2021 and is projected to reach US$ 1,383.37 million by 2028; it is expected to grow at a CAGR of 3.5% from 2021 to 2028.

During the forecast period, the PVDC shrink bags market is expected to grow due to the rise in meat consumption and the superior advantages offered by these bags in meat packaging. PVDC shrink bags are a type of vacuum packaging with high barrier and shrink properties that protect different food products from external temperature and moisture. In addition, the growing prospects of urbanization and rising population in developing economies present potential market growth opportunities.

Based on application, the PVDC shrink bags market is divided into meat, poultry & seafood, cheese & other dairy products, and others. The meat segment held the largest share of the global PVDC shrink bags market in 2020 due to the growing application of PVDC shrink bags in meat packaging. The consumption of meat is increasing among consumers globally due to rising income and increasing expenditure on food.

The PVDC shrink bags market in Asia Pacific accounted for the largest revenue share of the global market in 2020. This region is a major market for the utilization of PVDC shrink bags. The demand for meat, poultry, seafood, cheese, and dairy products is increasing in Asia Pacific due to the rise in population, disposable income, and favorable economic conditions, which is driving the growth of the PVDC shrink bags market in the region.

Allfo GmbH & Co. KG; Astar Packaging Pte Ltd.; Dow; Eezypak; PREMIUMPACK GMBH; SCHUR FLEXIBLES; Sealed Air; Spektar d.o.o.; Sunrise Packaging Material (Jiangyin) Co., Ltd; and WINPAK LTD. are among the leading players operating in the global PVDC shrink bags market.

The global size of the PVDC shrink bags market has been determined through a combination of primary and secondary sources. The research process commenced with extensive secondary research conducted through internal and external sources to gather qualitative and quantitative information about the market. Additionally, multiple primary interviews were conducted with industry experts, including VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders who specialize in the PVDC shrink bags market, to validate the data and gain more analytical insights into the subject.