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​Shrink Wrap Packaging Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019to 2026

Press release   •   Sep 13, 2019 15:52 BST

Global shrink wrap packaging market estimated to register a CAGR of over 5.1% during the forecast period 2019 to 2026.

Shrink wrap packaging is used to apply the process of shrinking products to provide efficient packaging solutions. It is usually done by combining small items together and wrapping them with the help of films and continuing with the shrinking process thereafter to make it compact. The bundles of items are packed together to increase durability, and protect against damage. The chances of wear tear through moisture exposure or water is minimised by this method.

This type of packaging is an ideal solution for packing several objects together, uneven shape objects to enable seamless transport. It covers packaging of bulk boxes, cartons, and cans. Very widely used in the food industry. There are different techniques such as sleeve wrappers, side sealers, shrink tunnels, and L-sealers, all majorly dependant on heat.
The two major steps involved in the shrink wrap packaging process requires a heat machine and shrink wrap thereafter. Shrink is a category of polymer plastic wrap, comprising of polyethylene, polyvinyl chloride (PVC) and polyolefin. The material which is highly consumed in shrink wrap is polyolefin. These wraps also commonly called as films, vary according to visibility, tenacity, shrinking capacity and sturdiness and can be used accordingly serving various purposes. The process of shrink packaging is enclosing and securing the item or bundles with the film or wrap with the help of a heat gun or heat tunnel.

Growing industries such as food, healthcare, personal care items due to rise in population thus drive the shrink wrap market to grow further. Rising disposable incomes along with the use of Polyolefin as raw material, promote the use of these products. The material is print friendly and recyclable and thus preferred. Increased availability of industrial packaging equipment thus increases the resources enabling more production. Shrink wrap technology is also used to coat and fix roofs after any natural disaster, which is a very beneficial aspect promoting more growth of this technology.

Due to the need for anti-counterfeiting of products, shrink technology solves all that and also allows ease of transportation. New developments in this industry are, in 2016, Clysar, packaging service provider introduced its new developments in packaging solutions.
Amcor Ltd. launched the transparent packaging technology which enables customers to look at the product from outside. Berry Global Group, Inc., attempted a merger & acquisition and continued partnership & collaboration with major companies. In order to expand their business and increase network, so in 2015, Berry Plastics Group, Inc. acquired AVINTIV Inc.

Shrink Wrap Packaging Market: Restraints

+ Expensive machines and technology + Availability of substitute packaging solutions

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Shrink Wrap Packaging Market Segmentation

By Product Type+ Hoods+ Labels & Sleeves+ Wraps
The shrink film hoods segment is projected to grow at the highest rate in the forecast period.

By Material+ LLDPE+ LDPE+ PVC
LDPE dominates the material segment of the shrink packaging market given its flexibility and clarity. Linear low-density polyethylene (LLDPE), is expected to grow at a fast rate due to its tenacity and strength.

By Region+ North America+ Latin America+ Europe+ Asia Pacific+ Rest of the World
Asia-Pacific is the largest market share holder of the shrink packaging market. Countries like China and India, are expected to be the leading consumers. Europe is also expected to be a key revenue contributor during the forecast period. North America is anticipated to register a healthy growth rate.

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Competitive Landscape: + Tier 1 players- established companies in the market with a major market share+ Tier 2 players + Emerging players which are growing rapidly + New Entrants
The prominent players in the shrink packaging market include Deufol SE (Germany), Dow Chemical Company (US), Aakriti Packaging (India), Amcor Ltd (Australia), Bonset America Corporation (US), American Eagle Packaging Corporation (U.S), Bemis Company, Inc. (US), Berry Global, Inc. (US), Printpack Incorporated (US), and others.

FutureWise Key Takeaways + Growth prospects+ SWOT analysis + Key trends + Key data-points affecting market growth

Objectives of the Study:

+ To provide with an exhaustive analysis on the global Shrink Wrap Packaging Market by Product Type, by Material, and by Region+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)+ To evaluate and forecast micro-markets and the overall market + To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies

Table of Contents

Introduction

Scope and Objective

Assumptions and Acronyms

Forecast Factors

Research Methodology

Executive Summary

Industry Cluster Analysis

Competition Matrix

Strategies Recommendations

Market Definition

Report Scope (Inclusions & Exclusions)

Market Segmentation

Global Shrink Wrap Packaging Market Overview

Global Shrink Wrap Packaging Market Revenue (USD Mn)

Key Inclusions

Porter’s Five Force analysis

Market Dynamics

Industry Trends

Regulatory Guidelines

Opportunities in Shrink Wrap Packaging

Competition Dynamics

Company Share Analysis (2019)

Top 10 Product Pricing by Region

Global Shrink Wrap Packaging Market Revenue (USD Mn), 2019-2026 by Product Type

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026

Hoods

Labels & Sleeves

Wraps

Global Shrink Wrap Packaging Market Revenue (USD Mn), 2019-2026 by Material

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Material, 2019-2026

LLDPE

LDPE

PVC

Global Shrink Wrap Packaging Market Revenue (USD Mn), 2019-2026 by Region

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Region,2026

North America

Latin America

Europe

Asia Pacific

Rest of world

North America Shrink Wrap Packaging Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

US

Canada

Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026

Hoods

Labels & Sleeves

Wraps

Market Revenue (USD Mn) Assessment and Forecast by Material, 2019-2026

LLDPE

LDPE

PVC

Latin America Shrink Wrap Packaging Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

Brazil

Mexico

Argentina

Rest of Latin America

Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026

Hoods

Labels & Sleeves

Wraps

Market Revenue (USD Mn) Assessment and Forecast by Material, 2019-2026

LLDPE

LDPE

PVC

Europe America Shrink Wrap Packaging Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

Germany

France

Spain

UK

Russia

Poland

Rest of Europe

Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026

Hoods

Labels & Sleeves

Wraps

Market Revenue (USD Mn) Assessment and Forecast by Material, 2019-2026

LLDPE

LDPE

PVC

Asia Pacific America Shrink Wrap Packaging Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

Emerging Asia

China

India

ASEAN-5

Rest of Emerging Asia

Japan

Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026

Hoods

Labels & Sleeves

Wraps

Market Revenue (USD Mn) Assessment and Forecast by Material, 2019-2026

LLDPE

LDPE

PVC

Rest of World America Shrink Wrap Packaging Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

Middle East

South Africa

North Africa

Rest of World

Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026

Hoods

Labels & Sleeves

Wraps

Market Revenue (USD Mn) Assessment and Forecast by Material, 2019-2026

LLDPE

LDPE

PVC

Company Profiles

Competition Landscape

Global Company Share (USD Mn) Overview, 2019

Company Profiles

LyondellBasell Industries N.V.

Corporate Overview

Financial Performance

Peer Comparison & 3C marketing equation

Company Strategy & Channel Management

Bonset America Corporation

Corporate Overview

Financial Performance

Peer Comparison & 3C marketing equation

Company Strategy & Channel Management

Dow Chemicals

Corporate Overview

Financial Performance

Peer Comparison & 3C marketing equation

Company Strategy & Channel Management

Bemis Company, Inc.

Corporate Overview

Financial Performance

Peer Comparison & 3C marketing equation

Company Strategy & Channel Management

Linpac Senior Holdings Limited

Corporate Overview

Financial Performance

Peer Comparison & 3C marketing equation

Company Strategy & Channel Management

Research Sources & Primary Verbatim

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