The global market for shrink films was valued at $ 410 million in 2018 and is expected to grow at an annual average of +5% over the forecast period (2018-2026). Among the packaging industry, flexible packaging is one of the fastest growing segments and is widely replacing the rigid packaging sector in a variety of applications. Shrink film is a flexible packaging film that is sealed around the product and shrinks tightly when heated. Shrink films are widely used in food and other consumer goods packaging.
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The Report includes Several Company Profiles of who are market key players
For competitor segment, the report includes global key players of Shrink Film for Food as well as some small players. At least 8 companies are included:
* Berry Plastics Corporation (US)
* Sealed Air Corporation (US)
* Bemis Company (US)
* Coveris Holdings (US)
* Reynolds (US)
* Sigma Plastics (US)
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Shrink film is used in food packaging such as meat, poultry and seafood, bakery and confectionery. The shrink film is mainly composed of a cost-effective polyethylene material compared to other raw materials. On the other hand, polypropylene shrink film has higher heat resistance and transparency than polyethylene and polyvinyl chloride shrink film. The global shrink film market is primarily comprised in regions such as Western Europe and North America, while the Asia-Pacific region is expected to offer wider opportunities over the forecast period. The global shrink film market is affected by the high demand of the food and beverage industry.
The study objectives are:
To analyze and research the global Shrink Film for Food status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Shrink Film for Food manufacturers, capacity, production, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Shrink Film for Food are as follows:
History Year: 2014-2019
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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