Global Shrink Film Market Is Expected To Reach Over US$ 8,117.4 Mn By 2025

Global Shrink Film Market Is Expected To Reach Over US$ 8,117.4 Mn By 2025

Credence Research has recently published a market research study that includes elaborative analysis which was result of an extensive research methodology for Shrink Film market with estimations from 2018 to 2026. The highlights of this report are drivers, restraints and opportunities of Shrink Film market, offered across the recent and estimated timeline till 2026.

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Major report takeaways are competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Shrink Film market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such as business overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Shrink Film market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).

Leading Players:

Key research study highlights comprise:

  1. Exhaustive research and analysis of the global Shrink Film industry
  2. The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
  3. Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Shrink Film market is also covered in the report
  4. Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
  5. Cross sectional analysis of each region covering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)

Research methodology applied for this study:

Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Shrink Film market specific to key segments, and regional segmentation.

  1. Secondary Research

Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Shrink Film market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Shrink Film market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Shrink Film market study.

  1. Primary Research

The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.

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The participants tracked for primary interviews include:

  • Marketing/product managers
  • Vice President/ CEOs
  • National sales managers
  • Market intelligence managers
  • Distributors
  • Purchasing managers
  • Other stakeholders

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

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

Shrink Films Market

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.

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)

Shrink Films Market

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.

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