In the current year 2023, the barrier shrink bag market is anticipated to reach approximately US$ 2,112.3 million. According to market analytical data, global market sales are expected to grow at a CAGR of 5.9% between 2023 and 2033. By 2033, the market is projected to continue to grow and reach a value of US$ 3,968.3 million.
The barrier shrink bags’ outstanding sealing abilities, resistance to punctures, transparency, and other features make them popular with end customers. The market for barrier shrink bags is thought to be being driven by the growing preference for convenient and flexible packaging solutions.
USA Barrier Shrink Bags Market: The surge in frozen food items is driving growth in the barrier shrink bags market. In 2022, the United States captured 92% of the North American market. High meat consumption and increased sales of frozen foods, as reported by AFFI, further fuel this market’s expansion.
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Core Concepts in the Barrier Shrink Bags Industry
- Current Market Size (2023): Valued at US$ 2,112.3 million.
- Key Market Players: Amcor plc, Sealed Air Corporation, Globus Group
- Key Segment by Barrier Type: High barrier shrink films are expected to remain the preferred type through 2033.
- Historical Performance: The market recorded a CAGR of 5.9% from 2018 to 2022.
- Key Asian Countries: India, Japan, and China are prominent in the Asian barrier shrink bags market.
Key Market Insights:
- Exceptional Properties Driving Demand:
- Barrier shrink bags are renowned for their excellent sealing properties, puncture resistance, and transparency, making them a preferred choice among end-users. These attributes contribute to the increasing adoption of barrier shrink bags across various industries, especially in food packaging.
- Shelf Life Extension and Food Safety Concerns:
- One of the primary drivers of market growth is the rising demand for packaging solutions that prolong shelf life and address food safety concerns. Barrier shrink bags effectively mitigate food product deterioration, offering extended shelf life for meats, poultry, cheese, seafood, and other perishables. Stringent regulations imposed by national governments on food packaging quality and standards further enhance the demand for barrier shrink bags in both developed and emerging markets.
- Consumer Preference for Convenient and Flexible Packaging:
- The trend towards convenient and flexible packaging solutions is fueling the growth of barrier shrink bags. Consumers increasingly favor packaging that is easy to open, portable, and capable of providing protection against moisture and gases. Barrier shrink bags meet these needs, offering a user-friendly solution that aligns with modern consumer preferences.
- Customization and Branding Opportunities:
- Printing on barrier shrink bags is emerging as a strategic technique for brand differentiation. Customizable printing enhances product visibility and appeal, allowing brand owners to stand out in a competitive market. This customization capability is contributing to the growing popularity of barrier shrink bags among manufacturers and retailers.
Competitive Landscape
Amcor plc., Sealed Air Corporation, Winpak Ltd., Kureha Corporation, Schur Flexibles Group, Flavorseal Llc., BUERGOFOL GmbH, Flexopack S.A., Globus Group, Allfo Vakuumverpackungen Hans Bresele Kg, PREMIUMPACK GmbH, Kuplast, Vac Pac Inc., Vector Packaging Inc., Astar Packaging Pte Ltd., Millepack srl., and Spektar d.o.o, among others are some of the major players in the barrier shrink bags market profiled in the full version of the report.
Leading market players are concentrating on product development and releasing new products to increase their product portfolios. These organizations are keen on expanding their operations and launching innovative product lines to strengthen their market presence.
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Barrier Shrink Bags Market by Category
By Barrier Type:
- High Barrier Shrink Bags
- Ultra High Barrier Shrink Bags
By Application:
- Meat
- Seafood
- Poultry
- Cheese & Dairy Products
- Other Foods
By Product Type:
- Round Bottom Sealed
- Straight Bottom Sealed
- Side Sealed
By Material Type:
- Polyethylene
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
- Polypropylene
- Polyamide
- Ethylene Vinyl Alcohol (EVOH)
- Polyvinylidene Chloride (PVDC)
- Others
By Thickness:
- Up to 50 microns
- 51 to 70 microns
- 71 to 90 microns
- 91 to 110 microns
- Above 110 microns
By Abuse Strength:
- High Abuse
- Low Abuse
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