By 2032, the market for shrink bundling films is anticipated to be worth US$ 2153.2 million, up from US$ 1334.5 million in 2022. Through 2032, it is predicted to expand at a moderate CAGR of 4.9%. The market for shrink-bundling films is anticipated to rise as a result of rising beverage consumption, technological advancements, and numerous other factors.
Shrink bundling films are constructed consisting of 3-layer polyethylene for usage in automated packaging equipment. For exact closure, these are integrated with a heat tunnel. As these perform the bundling and strapping process, the sales of shrink bundle films are anticipated to rise. This finally means that the item can be delivered in a single package.
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Additionally, the comparison of the historical and forecast CAGRs reveals that the market for shrink-bundling films is anticipated to expand. In the past, the CAGR was 3.6%, but after looking at recent patterns, it is now expected to be 4.9%.
A detailed study on shrink bundling films market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global shrink bundling films market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales shrink bundling films in the coming 10-years.
Shrink bundling films are made up of 3-layer polyethylene for usage in automated packaging machines. These are integrated with heat tunnel for precise closure. The sales of shrink bundle films are expected to increase as these carry out the process of bundling and strapping. This ultimately means that the product can be shipped together.
Moreover, the comparison between historical CAGR and estimated CAGR gives us a clue that the shrink bundling films market is expected to grow. The historical CAGR was 3.6%, but observing the recent trends, the anticipated CAGR has increased to 4.9%.
Key Shrink Bundling Films Market Takeaways and Projections
- The U.S. is expected to lead the North america shrink bundling films market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of shrink bundling films market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global shrink bundling films market. Some of the prominent market players 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.
Key Segments Profiled in the Shrink Bundling Films Market Survey
By Type:
- Printed
- Unprinted
By Application Pack Size:
- 3×2
- 4×2
- 4×3
- 6×3
- Others
By End User:
- Bottled Water
- Bottled and Canned Soft Drinks
- Canned Foods
- Dry Foods
- Sports & Energy Drinks
- Juices
- Canned & Bottled Beers
- Dairy Products
- Others
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Key Benefits
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Shrink Bundling Films market analysis from 2022 to 2032 to identify the prevailing Shrink Bundling Films market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the Shrink Bundling Films market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global Shrink Bundling Films market trends, key players, market segments, application areas, and market growth strategies. by 2032.
Key Reasons to Buy This Report-
• The report provides a qualitative and quantitative analysis of the Shrink Bundling Films market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics.
• The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level.
• In-depth analysis of the Shrink Bundling Films market segmentation based on technology, industry vertical, substrate, and application.
• Major countries in each region with their import/export statistics.
• The Shrink Bundling Films market report also includes analyzing of the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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