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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

Published: | Report ID: 11061 | Report Format : PDF

Market Insights

Shrink films are made from polymer plastic film; plastic films are shrunk over the product to be packed with the application of heat through a 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 the packaging of various beverages, electronic products, automotive products, medicines, paper, textiles, etc. During the forecast period, increasing demand from end-use industries is projected to propel the demand for shrink film.

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% of the global shrink film market’s revenue. This is attributed to strong growth in the manufacturing industry, especially in China, along with the high demand for shrink film in India and China. The market size and forecast for each application are presented for the period 2015–2025, along with their respective CAGRs% for the forecast period2017–20255.

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 propositions are also included in this study for the assessment of the market competition. The report concludes with a section on company profiles that highlight key information about the major market players operating in the global shrink film market.

Key manufacturers in the global shrink film market include 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, and others.

Purpose of the Report

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

1.1.1 Target Audience

  • Industry Investors
  • Manufacturers of Shrink Film
  • End User Industries
  • Traders, distributors, and suppliers
  • Government and Research Organizations
  • Associations and Industry Bodies

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

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

Shrink films are used in the packaging of a variety of products in the food and beverage industry, such as packaged and frozen food, juices, beers, carbonated soft drinks, and mineral water. Shrink films are also used in other industries for the packaging of electronic products, pharmaceutical products, paper and textile products, etc. In 2016, polyolefin material was observed to be the most dominant segment, accounting for more than 45% of the global shrink film market.

The segment is projected to grow at a higher CAGR and is expected to maintain its dominance over the forecast period. The growth of the segment is augmented by the 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 their low cost.

Based on application, the shrink film market is categorized into the 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, the food and beverage segment led the shrink film market by the application due to rising demand for the product for meat, vegetable, and fruit packaging. A positive outlook on the food and beverage industry in economies such as the Middle East, China, Russia, India, Brazil, and Mexico is another factor contributing to market growth.

This growth is attributed to the rise in consumption of food and beverages due to the rise in disposable income of the consumer, population growth, and the availability of products on various distribution channels. The increasing use of shrink films in the packaging of beverages and food products is projected to drive the demand for shrink films in the food and beverage industry during the forecast period.

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

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

In 2016, Asia Pacific was identified as the largest region, accounting for more than 35% of the global shrink film market revenue. The region is also anticipated to witness the highest growth in consumption of shrink films during the forecast period (2017–2025). This growth is attributed to the rising food and beverage and pharmaceutical industries in the region. China is the largest regional market for shrink film, supported by the dominant food and beverage 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 a moderate growth rate during the forecast period, driven by recoveries in manufacturing, building construction activity, and the 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.

Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Shrink Film Market
2.2 Global Shrink Film Market, by Material Type
2.2.1 Global Shrink Film Market Revenue Share (Value %), by Material Type, 2016
2.3 Global Shrink Film Market, by Application
2.3.1 Global Shrink Film Market Revenue Share (Value %), by Application, 2016
2.4 Global Shrink Film Market, by Geography
2.4.1 Global Shrink Film Market Revenue Share (Value %), by Geography, 2016

Chapter 3 Global Shrink Film Market Dynamics
3.1 Overview
3.2 Market Drivers
3.2.1 High Demand from End-use Industries
3.2.2 Light Weight and Cost Effectiveness
3.3 Challenges
3.3.1 Volatility in Raw Material Prices
3.3.2 Stringent Environmental Regulations
3.4 Future Prospects
3.4.1 Rising Demand from High Growth Economies
3.5 Pricing Analysis
3.5.1 Global Shrink Film Prices (US$/ Kg), by Material Type
3.6 Attractive Investment Proposition by Geography
3.7 Key Positioning of Market Players

Chapter 4 Global Shrink Film Market, by Material Type
4.1 Overview
4.1.1 Global Shrink Film Market Revenue Share (Value %), by Material Type, 2016 & 2025
4.2 Polyvinyl Chloride (PVC) Shrink Films
4.2.1 Global Shrink Film Market Revenue, by Polyvinyl Chloride (PVC), 2015 – 2025 (US$ Mn)
4.3 Polyolefin
4.3.1 Global Shrink Film Market Revenue, by Polyolefin Shrink Films, Revenue, 2015 – 2025 (US$ Mn)
4.4 PETG (PET) Shrink Films
4.4.1 Global Shrink Film Market Revenue, by PETG (PET), 2015 – 2025 (US$ Mn)
4.5 Oriented Polystyrene (OPS) Shrink Films
4.5.1 Global Shrink Film Market Revenue, by Oriented Polystyrene (OPS), 2015 – 2025 (US$ Mn)
4.6 Polylactic Acid (PLA) Shrink Films
4.6.1 Global Shrink Film Market Revenue, by Polylactic Acid (PLA), 2015 – 2025 (US$ Mn)

Chapter 5 Global Shrink Film Market Analysis, by Application
5.1 Overview
5.1.1 Global Shrink Film Market Revenue Share, by Application, 2016 & 2025 (% Value)
5.2 Food & Beverages
5.2.1 Global Shrink Film Market Revenue, by Food & Beverages Application, 2015 – 2025 (US$ Mn)
5.3 Pharmaceuticals
5.3.1 Global Shrink Film Market Revenue, by Pharmaceuticals Application, 2015 – 2025 (US$ Mn)
5.4 Automotive & Industrial products
5.4.1 Global Shrink Film Market Revenue, by Automotive & Industrial Products Application, 2015 – 2025 (US$ Mn)
5.5 Electronics
5.5.1 Global Shrink Film Market Revenue, by Electronics Application, 2015 – 2025 (US$ Mn)
5.6 Others (Printing & Paper Products, Household, Toys, and Stationery, among others)
5.6.1 Global Shrink Film Market Revenue, by Other Applications, 2015 – 2025 (US$ Mn)

Chapter 6 Global Shrink Film Market, by Geography
6.1 Overview
6.2 Global Shrink Film Market Revenue Share, by Geography, 2016 & 2025 (Value %)
6.3 North America
6.3.1 North America Shrink Film Market Revenue, by Country, 2015-2025 (US$ Mn)
6.3.2 North America Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
6.3.3 North America Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)
6.4 Europe
6.4.1 Europe Shrink Film Market Revenue, by Country, 2015-2025 (US$ Mn)
6.4.2 Europe Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
6.4.3 Europe Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)
6.5 Asia Pacific
6.5.1 Asia Pacific Shrink Film Market Revenue, by Country, 2015-2025 (US$ Mn)
6.5.2 Asia Pacific Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
6.5.3 Asia Pacific Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)
6.6 Latin America
6.6.1 Latin America Shrink Film Market Revenue, by Country, 2015-2025 (US$ Mn)
6.6.2 Latin America Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
6.6.3 Latin America Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)
6.7 Middle East and Africa
6.7.1 Middle East and Africa Shrink Film Market Revenue, by Region, 2015-2025 (US$ Mn)
6.7.2 Middle East and Africa Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
6.7.3 Middle East and Africa Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)

Chapter 7 Company Profiles
7.1 AEP Industries, Inc.
7.2 Anchor Packaging, Inc.
7.3 Bemis Company, Inc.
7.4 Berry Global, Inc.
7.5 Clysar, LLC
7.6 The Dow Chemical Company
7.7 Fuji Seal International, Inc.
7.8 Intertape Polymer Group
7.9 Sealed Air Corporation
7.10 Sigma Plastics Group

List of Figures

FIG. 1 Global Shrink Film Market: Research Methodology
FIG. 2 Global Shrink Film Market Revenue Share (Value %), by Material Type, 2016
FIG. 3 Global Shrink Film Market Revenue Share (Value %), by Application, 2016
FIG. 4 Global Shrink Film Market Revenue Share (Value %), by Geography, 2016
FIG. 5 Attractive Investment Proposition, by Geography
FIG. 6 Key Positioning of Market Players
FIG. 7 Global Shrink Film Market Revenue Share (Value %), by Material Type, 2016 & 2025
FIG. 8 Global Shrink Film Market Revenue by Polyvinyl Chloride (PVC), 2015 – 2025 (US$ Mn)
FIG. 9 Global Shrink Film Market Revenue, by Polyolefins Shrink Films, 2015 – 2025 (US$ Mn)
FIG. 10 Global Shrink Film Market Revenue, by PETG (PET) Shrink Films, 2015 – 2025 (US$ Mn)
FIG. 11 Global Shrink Film Market Revenue, by Oriented Polystyrene (OPS), 2015 – 2025 (US$ Mn)
FIG. 12 Global Shrink Film Market Revenue, by Polylactic Acid (PLA), Revenue, 2015 – 2025 (US$ Mn)
FIG. 13 Global Shrink Film Market Revenue Share, by Application, 2016 & 2025 (% Value)
FIG. 14 Global Shrink Film Market Revenue, by Food & Beverages Application, 2015 – 2025 (US$ Mn)
FIG. 15 Global Shrink Film Market Revenue, by Pharmaceuticals Application, 2015 – 2025 (US$ Mn)
FIG. 16 Global Shrink Film Market Revenue, by Automotive & Industrial Products Application, 2015 – 2025 (US$ Mn)
FIG. 17 Global Shrink Film Market Revenue, by Electronics Application, 2015 – 2025 (US$ Mn)
FIG. 18 Global Shrink Film Market Revenue, by Other Applications, 2015 – 2025 (US$ Mn)
FIG. 19 Global Shrink Film Market Revenue Share, by Geography, 2016 & 2025 (Value %)

 

List of Tables

TABLE 1 Market Snapshot: Global Shrink Film Market
TABLE 1 Global Shrink Film Prices (US$/ Kg), by Material Type
TABLE 2 North America Shrink Film Market Revenue, by Country, 2015-2025 (US$ Mn)
TABLE 3 North America Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
TABLE 4 North America Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)
TABLE 5 Europe Shrink Film Market Revenue, by Country, 2015-2025 (US$ Mn)
TABLE 6 Europe Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
TABLE 7 Europe Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)
TABLE 8 Asia Pacific Shrink Film Market Revenue, by Country, 2015-2025 (US$ Mn)
TABLE 9 Asia Pacific Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
TABLE 10 Asia Pacific Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)
TABLE 11 Latin America Shrink Film Market Revenue, by Country, 2015-2025 (US$ Mn)
TABLE 12 Latin America Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
TABLE 13 Latin America Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)
TABLE 14 Middle East and Africa Shrink Film Market Revenue, by Country, 2015-2025 (US$ Mn)
TABLE 15 Middle East and Africa Shrink Film Market Revenue, by Material Type, 2015-2025 (US$ Mn)
TABLE 16 Middle East and Africa Shrink Film Market Revenue, by End Use Industries, 2015-2025 (US$ Mn)
TABLE 17 AEP Industries, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)
TABLE 18 Anchor Packaging, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)
TABLE 19 Bemis Company, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)
TABLE 20 Berry Global, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)
TABLE 21 Clysar, LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)
TABLE 22 The Dow Chemical Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)
TABLE 23 Fuji Seal International, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)
TABLE 24 Intertape Polymer Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)
TABLE 25 Sealed Air Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)
TABLE 26 Sigma Plastics Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; News Coverage)

Frequently Asked Questions:

What is the size of Shrink Films Market?

The market for Shrink Films Market is expected to reach US$ 8,117.4 Mn By 2025.

What is the Shrink Films Market CAGR?

The Shrink Films Market is expected to see significant CAGR growth over the coming years, at 5.5%.

What is the Forecast period considered for Shrink Films Market?

The report is forecasted from 2017-2025.

What is the base year considered for Shrink Films Market?

The base year of this report is 2016.

Who are the major players in this 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 are some of the major players in the global market.

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