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.
Key Companies Profiled
- 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
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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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