Published on : Dec 08, 2017
Albany, New York, December 8, 2017: Barrier shrink bags are widely used in the packaging of food items, as these bags increase the shelf life of perishable food products such as packed meat and cheese. Recently, a new study titled “Barrier Shrink Films Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” has been added to the broad database of Market Research Hub (MRH), which reveals that barrier shrink films are expected to become extremely demanding in the foreseeable future due to their excellent printing designs, capability to increase the shelf life of products, and convenience. Companies today are focusing more on providing innovative and comprehensive packaging solutions. These factors are rapidly growing the market across the world.
This 170-pages report consists of market size, Y-o-Y growth and CAGR of the barrier shrink market during the projected period of 2017-2022. The report majorly covers different sections on market definition, market dynamics including the key drivers, restraints and trends that are governing the market. The dynamics are based on different micro and macro-economic factors prevailing in the industry during the forecast period.
For a clear understanding, the research study broadly classifies the global barrier shrink films market into Latin America, Japan, Europe, North America, MEA and APEJ. Of these, barrier shrink films market is foreseen to honor Asia Pacific Excluding Japan (APEJ) as a leading segment securing a greater share in the near future. Also, APEJ could rise at a 6.6% CAGR and gain more basis points (BPS) than other regions of the market during the said forecast period. According to the study key findings, the global barrier shrink films market is foreseen to attain a valuation of US$4.5 bn by the end of 2022, at a 5.1% CAGR. In 2017, the market grossed a valuation of US$3.5 bn.
Growth Dynamics in Barrier Shrink Films Market
- Rising popularity of transparent products that provide protection from aroma, moisture, gases, and dust apart from transparency is a prime factor supporting growth of barrier shrink films market.
- The launch of ultra-high performance, lightweight, and new generation products for fish and fresh meat dealers could provide a strong impetus to the growth of the world barrier shrink films market.
- Most of the barrier shrink films are made of polyolefin and polyethylene (PE) plastics, provide UV protection, and offer affordability, which makes them one of the best buys in the industry.
- During the forecast period, the MEA is envisioned to hold an absolute opportunity of US$0.05 bn.
Presently, barrier shrink film manufacturers are looking to tap into the best properties of different materials such as polyolefin to offer high impact resistance, high anti-fog capacity, leak-proof, water resistance, and other advantages. To briefly explain the competitive landscape of the market, a new section has been added which include profiles of key players operating in the market. Leading companies mentioned in the study are Bemis Company, Inc., Sealed Air Corporation, Winpak Ltd., Kureha Corporation, Coveris Holdings S.A., Schur Flexibles Group, Flavorseal Llc., Buergofol GmbH, Flexopack S.A., and Premiumpack GmbH.
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