Shrink Films - Global Market Outlook (2017-2026)
Monday, August 05, 2019
Press release from the issuing company
Global Shrink Films Market is accounted for $3.82 billion in 2017 and is expected to reach $6.87 billion by 2026 growing at a CAGR of 6.7% during the forecast period. Rising e-commerce industry and huge demand from end-use industries are some of the factors propelling the market growth. However, price fluctuation and strict regulations by various governments are hampering the market growth.
By Material type, Polyethylene (PE) segment has witnessed the considerable growth during the forecast period due to rise in automated packaging machines with an integrated heat tunnel for precise closure. Based on geography, Asia Pacific holds the largest market share during the forecast period due to developments in the plastic manufacturing industry and presence of countries such as China, India and Japan are observing major industrial growth are fueling the market growth in this region.
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Some of the key players profiled in the Shrink Films Market include Winpak Ltd., Kureha Corporation, Coveris Holdings S.A., Atlantis-Pak Co. Ltd., Transcontinental Inc., Crawford Packaging, Idemitsu Unitech CO., Ltd., Sealed Air Corporation, Bemis Company, Inc., Berry Global, Inc., The Dow Chemical Company and Sigma Plastics Group.
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