As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global High Abuse Shrink Bags market is expected to grow at a healthy CAGR during the forecast period (2017-2027). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of High Abuse Shrink Bags in the coming 10-years.
In the realm of meat packaging, the crucial consideration of shelf life takes center stage for manufacturers, guiding their selection of packaging bags and films. Addressing this need, high-abuse shrink bags have emerged as an innovative solution, wielding advanced patented technology to extend the freshness of fresh meat products.
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The utility of high-abuse shrink bags extends to their aptitude for surface pasteurization within the packaging itself. In today’s landscape, meat packaging manufacturers are strategically directing their attention towards packaging design, recognizing its potential to distinguish their products and significantly influence purchasing decisions. Consequently, this emphasis has given rise to specific demands for packaging films tailored for meat packaging applications.
At the heart of packaging film popularity lie the raw materials employed. Ethylene Vinyl Alcohol (EVOH) stands out as a prime example, finding extensive use in high-abuse shrink bags. Noteworthy for its exceptional gas barrier properties, impressive strength, and environmentally friendly nature, EVOH sets itself apart from other materials, resonating with the requirements of both meat packaging manufacturers and retailers, charting a path toward a promising future.
The advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Wafer-Level Packaging
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for High Abuse Shrink Bags market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key High Abuse Shrink Bags Market Takeaways and Projections
- The U.S. is expected to lead the North America High Abuse Shrink Bags market, projecting the fastest growth in the region between 2017 and 2027
- 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 2027.
Report Benefits & Key Questions Answered
- High Abuse Shrink Bags Historical Market Analysis: The detailed survey by FMI, examines key factors in the High Abuse Shrink Bags market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the High Abuse Shrink Bags market for the forecast period 2017-2027.
- High Abuse Shrink Bags Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for High Abuse Shrink Bags for the assessment period. As per the study, the demand for High Abuse Shrink Bags will grow at a robust CAGR between 2017 and 2027.
- High Abuse Shrink Bags Market Trend Analysis: The latest study by FMI on the High Abuse Shrink Bags market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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High Abuse Shrink Bags Market: Segmentation
On the basis of material type,
Ethylene Vinyl Alcohol (EVOH)
Ethylene-vinyl acetate (EVA)
Polyolefin
Polyethylene (PE)
Polypropylene (PP)
Polyester (PET)
Polyamide (PA)
Polyvinylidene chloride (PVDC)
On the basis of application type,
Fresh Meat
Frozen Fish and Sea Food
Non gassing Cheese
Non-ripening cheese
Others
On the basis of meat type,
Beef
Veal
Lamb
Pork
Others
High Abuse Shrink Bags Market: Key Players
Some of the key players in the global high abuse shrink bags market includes Bemis Krehalon UK Ltd., Flexopack, Krehalon Industries B.V., EPACKAGING LLC., TDI PACKSYS LLC, Apex Packaging Corporation, Printpack, Fortune Plastics, Novolex, and Berry Plastics Group Incorporated, Fuji Seal International Incorporated, Inteplast Group Limited and many more.
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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