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Barrier Shrink Films Market: What is driving this industry?

Author : Ronak Bora | Published Date : 2019-04-17 

Global Market Insights, Inc.: The Report 2018-2024 Barrier Shrink Films Market Report explores the essential factors of the market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario.

The growing demand for Barrier Shrink Films Market  from end-user businesses where products such as meat, poultry, and cheese are preserved in retail store shelves as well as bundling and protection of goods during warehousing and distribution along with increasing consumption of dairy product and ready to eat meals, snacks, and frozen meals are some of the key factors expected to drive the barrier shrink films market. Furthermore, increasing health-related concerns among the consumers have generated significant demand for high barrier packaging films.

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Barrier Shrink Films Market size will witness significant growth rate from 2018 to 2025. Shrink films are polymeric plastic films on which heat is applied through handheld heat gun (electric or gas), the film shrinks to set firmly around the product to be packed thereby, adapting itself to the individual shape. Barrier shrink films are used for providing transparency to the product along with protection from dust, gases, moisture, and preserve aroma. These films are available in a variety of thicknesses, clarities, strengths and shrink ratios. Barrier shrink films provide excellent printing designs and enhance the appearance & shelf life of the packaged product. They are tamper evident and helps in retaining the freshness of the product to minimize wastage.

Factors such as availability of alternatives such as liquid cartons and recycling & dumping of barrier shrink films results in environmental degradation, which will likely hinder the growth of global barrier shrink films market over the forecast period. However, rising demand for PLA films and increased popularity of quick service restaurants are expected to drive the barrier shrink films market.

Based on end user industries, global barrier shrink film market can be segmented into food & beverages, healthcare, electronics, cosmetics & personal care and others such as paper, textiles, automotive, etc. Rising demand for the product for meat, vegetable, and fruits packaging will significantly impact the global barrier shrink films market for food & beverage use. Positive outlook on food and beverage industry, in economies such Middle East, China, Russia, India, Brazil and Mexico is another factor contributing towards the global barrier shrink film market growth.

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The APAC barrier shrink film market will witness high growth during the forecast period owing to increasing number of modern retail outlets. Furthermore, development of supermarkets, e-commerce, shopping complexes, pharmaceutical industries coupled with growth in the storage, and frozen food sectors are some of the factors that make APAC an appealing market.

The barrier shrink films market competitive landscape includes key players such as Sealed Air Corporation, Coveris Holdings S.A., Flavorseal LLC, Premiumpack GmbH, Flexopack S.A., Bemis Company, Winpak Ltd., Schur Flexibles Group, Buergofol GmbH, Kureha Corporation, Ampac Holdings LLC, LINPAC Packaging Limited, Bischof & Klein GmbH & Co., Bollore Films, Berry Plastics Corporation to name a few. The prime focus of all active players is to focus on developing their technological expertise. In order to attain a dominant position in the global market, these players are focusing on research and development activities to introduce technological advancement and innovation.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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