The ultra-high barrier shrink films market will project a CAGR of 4.2% for the forecast period of 2022-2029 and is likely to reach USD 1,146.2 million in 2029.
Shrink films are chemical compound plastic films on which
heat is utilized through hand-held heat gun like electrical or gas, the film
shrinks to line firmly round the product to be packed thereby, adjusting itself
to the individual form. Barrier shrink films are used for delivering
transparency to the merchandise together with protection from mud, gases,
moisture, and preserve aroma.
The rise in the replacement of conventional packaging
materials with stretch and shrink films is the major factor accelerating the
growth of the ultra-high barrier shrink films market.
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Global Ultra-High Barrier Shrink Films Market Scope
and Market Size
- On
the basis of product, the ultra-high barrier shrink films market is
segmented into flowpacks, vacuum bags, shrink forms, chubs, and
shrink wraps.
- On
the basis of material, the ultra-high barrier shrink films market is
segmented into polyethylene (PE), polyethylene terephthalate (PET),
polypropylene (PP), polyamide (PA), and ethyl vinyl alcohol.
- On
the basis of end user industry, the ultra-high barrier shrink films market
is segmented into food and beverages, healthcare, electronics, and
cosmetics and personal care.
Ultra-High Barrier Shrink Films Market Country Level
Analysis
Global ultra-high barrier shrink films market is segmented
on the basis of product, material & end user.
The countries covered in the ultra-high barrier shrink films
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, South Africa, Egypt, Israel, 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.
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Asia-Pacific region dominates the ultra-high barrier shrink
films market and will continue to flourish its trend of dominance during the
forecast period due to the increase in the food and beverage industry. North
America will however register the highest CAGR for this period due to the
occurrence of a number of consumer goods manufacturing companies.
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