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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