Global Shrink Bags Market Segmentation, By Barrier Type (Low Barrier, Medium Barrier, High Barrier, Ultra High Barrier), Product Type (Round Bottom, Straight Bottom, Side Sealed, Sleeve wrapper Bag, L-Sealers, Lap Sealers, Shrink Tunnels), Material Type (PE, HDPE, LDPE, LLDPE, PP, PET, EVOH, PVC, PVDC, PA, Others), Thickness type (Up to 50 Micron, 50 to 70 Micron, 70 to 90 Micron, 90 to 110 Micron, Above 110 Micron), Technology (Automatic, Semi-Automatic, Fully-Automatic, Manual), Application (Food, Electronics, Cosmetics & Personal Care, Healthcare & Pharmaceuticals, Industrial, Others) - Industry Trends and Forecast to 2031.
Global Shrink Bags Market Size
Global shrink bags market size was valued at USD 3.71 billion in 2023 and is projected to reach USD 5.71 billion by 2031, with a CAGR of 5.55% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Shrink Bags Key Market Insights
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Segmentation
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By Barrier Type: Low Barrier, Medium Barrier, High Barrier, Ultra High Barrier
By Product Type: Round Bottom, Straight Bottom, Side Sealed, Sleeve wrapper Bag, L-Sealers, Lap Sealers, Shrink Tunnels
By Material Type: PE, HDPE, LDPE, LLDPE, PP, PET, EVOH, PVC, PVDC, PA, Others
By Thickness type: Up to 50 Micron, 50 to 70 Micron, 70 to 90 Micron, 90 to 110 Micron, Above 110 Micron
By Technology: Automatic, Semi-Automatic, Fully-Automatic, Manual
By Application: Food, Electronics, Cosmetics & Personal Care, Healthcare & Pharmaceuticals, Industrial, Others
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Key Market Players
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emis Company, Inc., KUREHA CORPORATION, Sealed Air, WINPAK LTD., FLEXOPACK SA, Coveris., PREMIUMPACK GmbH, Schur Flexibles Holding GesmbH, Messe Frankfurt Exhibition GmbH, KUPLAST MATEJKA KUMAR S.P., Spektar d.o.o., Atlantis-Pak., Inauen Group, Gap Foil
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Global Shrink Bags Market Dynamics
The growing number of health issues along with changing lifestyle of the people, rising demand of poultry products, increasing disposable income of the middle class population are some of the factors that will likely to enhance the growth of the shrink bags market in the forecast period of 2024-2031. On the other hand, rising preferences towards contamination free product which will further boost various opportunities that will lead to the growth of the shrink bags market in the above mentioned forecast period.
Non-reusable nature and environmental effect will hamper the growth of the shrink bags market in the above mentioned forecast period.
This shrink bags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on shrink bags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Shrink Bags Market Scope
Shrink bags market is segmented on the basis of barrier type, product type, material type, thickness type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
Barrier Type
- Low Barrier
- Medium Barrier
- High Barrier
- Ultra High Barrier
Product Type
- Round Bottom
- Straight Bottom
- Side Sealed
- Sleeve Wrapper Bag
- L-sealers
- Lap Sealers
- Shrink Tunnels
Material Type
- PE
- HDPE
- LDPE
- LLDPE
- PP
- PET
- EVOH
- PVC
- PVDC
- PA
- Others
Technology
- Automatic
- Semi-automatic
- Fully-automatic
- Manual
Thickness type
- Up to 50 Micron
- 50 to 70 Micron
- 70 to 90 Micron
- 90 to 110 Micron
- Above 110 Micron
Applications
- Meat
- Seafood
- Poultry
- Cheese & Dairy
- Other Foods
Shrink Bags Market Regional Analysis
Shrink bags market is analyzed and market size, volume information is provided by country barrier type, product type, thickness type, technology, material type and application as referenced above.
The countries covered in the shrink bags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the shrink bags market due to the increasing demand of poultry and dairy products in the region. Asia-Pacific region is expected to hold the largest growth rate due to the growth of retail sector in regions such as India and China.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Shrink Bags Market Share
Shrink bags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to shrink bags market.
Shrink bags Market Leaders Operating in the Market Are:
- Bemis Company, Inc.
- KUREHA CORPORATION
- Sealed Air
- WINPAK LTD.
- FLEXOPACK SA
- Coveris.
- PREMIUMPACK GmbH
- Schur Flexibles Holding GesmbH
- Messe Frankfurt Exhibition GmbH
- KUPLAST MATEJKA KUMAR S.P.
- Spektar d.o.o.
- Atlantis-Pak.
- Inauen Group
- Gap Foil
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