Shrink film is made up of polymer plastic film. Plastic is covered to the product, and heat is applied to the covered plastic, which shrinks tightly over the product it is covering. The shrink plastic film is majorly used to wrap food, boxes, and bottles the shrink film polyolefin, PVC, polyethene, polypropylene and several other compositions.
MARKET DYNAMICS
The lightweight, damage-resistant and low-cost, features of shrink films packaging make it the transport industry's highly sought-after packaging product. Also, flexible packaging is rapidly replacing rigid packaging due to its features such as re-sealable closures, cost efficiency enhanced barrier resistance, and lightweight qualities. There is an increasing demand for shrink films for packaging and transportation in every sector. Nowadays, plastic is available in the biodegradable form, which has a tremendous demand due to awareness about environmental issues and has become the global shrink film market trend. The cost of the shrink film and the instruments required for the same are expensive compared to the standard film used for the packaging of the products, which can hamper the demand for the shrink film and the growth of the global shrink film market.
MARKET SEGMENTATION
The global shrink film market is segmented on type, application and geography. The shrink film is segmented into low, medium, high, and ultra-high barriers. And based on the application, it is segmented into food and beverages, industrial packaging, personal care and cosmetics, pharmaceuticals, and others.
MARKET SCOPE
The ""Global Shrink Film Market Analysis to 2028"" is a specialized and in-depth study of the chemicals and materials industry, focusing on the global market trends. The report aims to overview the shrink film market with detailed market segmentation by type, application, and geography. The shrink film market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading shrink film market players and offers key trends and opportunities.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including qualitative and quantitative information. It provides an overview and forecast of the global shrink film market based on various segments. It also provides market size and forecast estimates from 2019 to 2028 with respect to five major regions North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The shrink film market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally and the current trend and opportunities prevailing in the region.
MARKET PLAYERS
The reports cover key developments in the shrink film market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the shrink film market are anticipated to witness lucrative growth opportunities in the future with the rising demand for shrink film in the global market. Below mentioned is the list of a few companies engaged in the shrink film market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the shrink film market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years.
-AEP Group
-Berry Global Inc.
-SIGMA STRETCH FILM
-Fuji Seal, Inc.
-Anchor Packaging LLC
-Dow Chemical Company
-Intertape Polymer Group
-Vintech Polymers Private Limited
-Italindia PackPlus
-SUPER OLEFINs