Shrink Films Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material (Polyethylene, Polypropylene, PVC, PET, Polyamide, Others), By End-User (Food and Beverage, Cosmetics, Electronics, Pharmaceuticals, Others), And By Geography - Forecasts From 2019 To 2024

The global shrink films market is expected to grow at a CAGR of 4.19% to reach a total value of US$9.341 billion by 2024 from US$7.302 billion in 2018. Shrink films is made up of polymer plastics that shrink tightly over the product when heated up. It further keeps the product safe from outside elements and increases the shelf life of the product. The rising demand for packed foods is expected to drive the shrink films market. Further, the increasing use of shrink films in the E-commerce industry owing to cost efficiency and damage control properties is expected to create growth opportunities for the market. The key industries driving the market for shrink films are food and beverage, and electronics. Healthcare and cosmetics among others. Furthermore, the growing disposable income and increasing consumption of packed foods in developing economies like India and China are anticipated to boost the market growth for shrink films. However, the concerns regarding environmental concerns owing to the difficult recycling of plastic are expected to hinder the market growth.

DRIVERS

• Rising demand for packed foods.
• Increasing demand in the E-commerce industry.

RESTRAINTS

• Government rules and regulations regarding the use of plastic.

INDUSTRY UPDATES

• In August 2018, sealed air corporation acquired AFP Inc., to further expand its product portfolio.

The major players profiled in the shrink films market include Sealed Air Corporation, Flexopack S.A., BP Plastics Holding Bhd, Kureha Corporation, Schur Flexibles Group, Coveris Holdings S.A., Winpack Ltd., Syfan USA, Crawford Packaging, Gap Foil, Transcontinental Inc.

Shrink Films Market Scope:

Report Metric	Details
Market Size Value in 2018	US$7.302 billion
Market Size Value in 2024	US$9.341 billion
Growth Rate	CAGR of 4.19% from 2018 to 2024
Base Year	2018
Forecast Period	2019–2024
Forecast Unit (Value)	USD Billion
Segments Covered	Material, End-User, And Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Sealed Air Corporation, Flexopack S.A., BP Plastics Holding Bhd, Kureha Corporation, Schur Flexibles Group, Coveris Holdings S.A., Winpack Ltd., Syfan USA, Crawford Packaging, Gap Foil, Transcontinental Inc.
Customization Scope	Free report customization with purchase

 

Segmentation

The shrink films market has been analyzed through the following segments:

• By Material
  • Polyethylene 
  • Polypropylene
  • PVC
  • PET
  • Polyamide
  • Others
• By End-User
  • Food and Beverage
  • Cosmetics
  • Electronics
  • Pharmaceuticals
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Porter’s Five Force Analysis

4.5.1. Bargaining Power of Suppliers

4.5.2. Bargaining Power of Buyers

4.5.3. Threat of New Entrants

4.5.4. Threat of Substitutes

4.5.5. Competitive Rivalry in the Industry

4.6. Life Cycle Analysis - Regional Snapshot

4.7. Market Attractiveness

5. SHRINK FILMS MARKET BY MATERIAL

5.1. Polyethylene

5.2. Polypropylene

5.3. PVC

5.4. PET

5.5. Polyamide

5.6. Others

6. SHRINK FILMS MARKET BY END-USER

6.1. Food and Beverage

6.2. Cosmetics

6.3. Electronics

6.4. Pharmaceuticals

6.5. Others

7. SHRINK FILMS MARKET BY GEOGRAPHY

7.1. North America

7.1.1. USA

7.1.2. Canada

7.1.3. Mexico

7.1.4. Others

7.2. South America

7.2.1. Brazil

7.2.2. Argentina

7.2.3. Others

7.3. Europe

7.3.1. Germany

7.3.2. France

7.3.3. United Kingdom

7.3.4. Spain

7.3.5. Others

7.4. Middle East and Africa

7.4.1. Saudi Arabia

7.4.2. Israel

7.4.3. Others

7.5. Asia Pacific

7.5.1. China

7.5.2. Japan

7.5.3. South Korea

7.5.4. India

7.5.5. Others

8. COMPETITIVE INTELLIGENCE

8.1. Company Benchmarking and Analysis

8.2. Recent Investment and Deals

8.3. Strategies of Key Players

9. COMPANY PROFILES

9.1. Sealed Air Corporation

9.2. Flexopack S.A.

9.3. BP Plastics Holding Bhd

9.4. Kureha Corporation

9.5. Schur Flexibles Group

9.6. Coveris Holdings S.A.

9.7. Winpack Ltd.

9.8. Syfan USA

9.9. Crawford Packaging

9.10. Gap Foil

9.11. Transcontinental Inc.

LIST OF FIGURES

LIST OF TABLES

Sealed Air Corporation

Flexopack S.A.

BP Plastics Holding Bhd

Kureha Corporation

Schur Flexibles Group

Coveris Holdings S.A.

Winpack Ltd.

Syfan USA 

Crawford Packaging

Gap Foil

Transcontinental Inc.