Shrink Bundling films Market: Drivers & Restraints, Segmentation, Regional Outlook and Key Players
The major factors driving the growth of shrink bundling film market are increasing adoption of shrink bundling filmin consumer products such as drinks and beer cans, and these labels are suitable for a wide variety of applications such as security product & quality check, technological advancement in packaging, and rising disposable income. Moreover, the rising consumption of packaged food and beverages including bottled milk, water, fruit juice, carbonated soft drinks, energy drinks, and food products are boosting the growth of overall shrink bundling film market. Further, the wide range of
for the sake of marketing and branding. In beverage packaging, water and soft-drinks are generally packaged in bottles after which shrink bundling films is used for its secondary packaging. Moreover, the shrink bundling film’s single or multiple packaging of food and beverages (boxed, canned or bottled). Shrink bundling films is a perfect technique to get and flexible packaging to maintain the quality and convenience of handling end-user products. Shrink bundling film are manufactured from bundling film machine which can easily be adjusted to suitable numerous sizes without any substantial tooling cost and extra time. On the other side, chances of packaging damage and product leakage and damage in handling is hindering the overall growth of shrink bundling film market in coming years.
Shrink bundling film is widely used for the packaging of products which are to be sold in a large amount, including cases of water and soda. Shrink bundling film can also be used as a substitute for grooved containers to minimize packaging costs. Moreover, FDA approved shrink bundling film can be used to safeguard vegetables and fruit in transportation. Shrink bundling film are the type of films that unite the production proficiency with concentrated shelf impact with customized printing. In addition, the polyethylene shrink wrap film is manufactured to protect and contain any type of en-user product and will permit en-users to visualize material inside the packaging.
Some of the key players identified in the shrink bundling films market are:- AEP Industries Inc., Amcor Limited, Bemis Company, INC, Berry Plastics Corporation, Ceisa Packaging SAS, Coveris Holdings S.A, Novolex, Coveris Holdings, Paragon Films Incorporated, Hood Packaging Corporation, SIGNODE Industrial Group, Bollore, ROBAPAC, Others
Regarding geography, shrink bundling films market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Shrink bundling films market is anticipated to register healthy CAGR during the estimated period. Asia-Pacific represents the significantly high market share and grow with comparatively significant CAGR in forecast period. North America market is growing rapidly due the rapid increase in the production capacity of shrink bundling films as demand for shrink bundling films in the region is rising at faster pace as it is increasingly used in wide range of application. Key factors driving the growth of shrink bundling films market in the region include changing packaging pattern and advancement in flexible packaging, increasing demand of shrink bundling films in food and beverage industry. The shrink bundling films market is projected to register healthy growth due rising demand of shrink bundling films across globe. Shrink bundling films market for Asia Pacific is also likely to register a rapid growth during the estimates period mainly attributed to the growth of packaging industry, especially in China and India. Moreover, the rising consumption of packaged food and beverages including bottled milk, water, fruit juice, carbonated soft drinks, energy drinks, and food products are boosting the growth of overall shrink bundling film market. Further, shrink bundling film are increasingly becoming popular in Asia-Pacific and rest of world as well.Printed Shrink Bundling film is another great opportunity to advertise your product on the shelf. Shrink Bundling Films from Coveris cut costs while performing and marketing better.
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