Shrink Films Market By Material Type (Polyvinyl Chloride (Pvc) Shrink Films, Polyolefin, Petg (Pet) Shrink Films, Oriented Polystyrene (Ops) Shrink Films, Polylactic Acid (Pla) Shrink Films), By Application(Food & Beverages, Pharmaceuticals, Automotive & Industrial Products, Electronics) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

Shrink films are made from polymer plastic film; plastic films are shrinked over the product to be packed with the application of heat through handheld heat gun. Common plastic materials used in shrink films are polyolefin, polyvinyl chloride (PVC), PETG (PET), oriented polystyrene (OPS) and polylactic acid (PLA). It is used in packaging of various beverages, electronic products, automotive, medicines, paper, textiles, etc. increasing demand from end use industries is projected to propel the demand for shrink film during the forecast period.

Considering the economic overview of the market, Asia Pacific is expected to account for a major revenue share of the global shrink film market. In 2016, Asia Pacific accounted for more than 35% market revenue share in global shrink film market. This is attributed to strong growth in manufacturing industry especially in China along with high demand for shrink film in India and China. Market size and forecast of each application is presented for the period 2015 to 2025 along with respective CAGR % for the forecast period 2017-2025.

Geographically, the global Shrink Films market is studied for the following regional markets:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC
  • Rest of Middle East and Africa

The market size and forecast for the period 2015-2025 along with the CAGRs for the period 2017-2025 for the mentioned segments are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges and opportunities) and market inclination insights are provided in this market assessment report. Tools such as competition assessment and attractive investment proposition are also included in this study for assessment of market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global shrink films market.

AEP Industries, Inc., Anchor Packaging, Inc., Bemis Company, Inc., Berry Global, Inc., Clysar, LLC., The Dow Chemical Company, Fuji Seal International, Inc., Intertape Polymer Group, Sealed Air Corporation, Sigma Plastics Group etc. are few key manufacturers in global shrink films market.

Purpose of the Report

The purpose of this strategic research study titled “Shrink Film Market – Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global shrink film market.

1.1.1   Target Audience

• Industry Investors
• Shrink Film Manufacturers
• End User Industries
• Traders, Distributors, and Suppliers
• Government and Research Organizations
• Associations and Industry Bodies

1.1.2   USP and Key Offerings

The report titled “Shrink Film Market – Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” offers strategic insights into the overall shrink film market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based material type, end-use industry and different geographical markets.

In order to help strategic decision makers, the report also includes competitive profiling of the leading players in shrink film market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the shrink film market
• Market drivers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Historical market size data (2015 & 2016)

Overall, the research study provides a holistic view of the global shrink film market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above-mentioned factors.

Based on application, the shrink film market is categorized into following segments:

• Food & Beverages
• Pharmaceuticals
• Automotive & Industrial
• Electronics
• Others

The shrink film market is mainly witnessing growth owing to rising demand for product packaging and for the protection and bundling of goods during distribution and warehousing. In 2016, by application, food and beverages segment leads the shrink film market, due to rising demand for the product for meat, vegetable, and fruits packaging. Positive outlook on food and beverage industry, in economies such Middle East, China, Russia, India, Brazil and Mexico is another factor contributing towards the market growth. This growth is attributed to rise in consumption of food & beverages owing rise in disposable income of the consumer along with population growth and availability of products on various distribution channels. Increasing use of shrink films in packaging of beverages and food products is projected to drive the demand for shrink films in food & beverages industry during the forecast period.

On the basis of geographical distribution, the global shrink film market is segmented into following regional markets,

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Rest of Middle East and Africa

In 2016, Asia Pacific was observed as the largest region contributing more than 35% revenue share in global shrink film market. The region is also anticipated to witness highest growth in consumption of shrink films during the forecast period (2017-2025). This growth is attributed to rising food and beverages, and pharmaceutical industries in the region. China is the largest regional market for shrink film supported by the dominant food and beverages industry. India’s spurring pharmaceutical and healthcare activity is projected to advance at a healthy rate, thus increasing the market demand for shrink film in the country. North America accounted for the third largest share of the market yet is projected to progress at moderate growth rate during the forecast period driven by recoveries in manufacturing, building construction activity and automobile sector. Incumbent players in the global shrink film market are increasing their footprints in key developing regions such as Asia Pacific and Latin America by starting up new business units and research centers in the region.

Based on material type, the shrink film market is categorized into following segments:

• Polyolefin
• Polyvinyl Chloride (PVC)
• PETG (PET)
• Oriented Polystyrene (OPS)
• Polylactic Acid (PLA)

Shrinks films are used in packaging of variety of products in food and beverage industry such as packaged and frozen food, juices, beers, carbonate soft drinks and mineral water. Shrink films are also used in other industries for the packaging of electronic products, pharmaceutical products, paper and textiles products, etc. In 2016, polyolefin material is observed to be the most dominant segment accounting for more than 45% in global shrink films market. The segment is projected to grow at the CAGR of higher and is expected to maintain its dominance over the forecast period. The growth of the segment is augmented by increasing popularity of polyolefin materials such as low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE) and polypropylene (PP) owing to its low cost.