Barrier Shrink Bags Market Up to US$ 2,112.3 million Rising Demand for Extended Shelf Life and Sustainability Fuels Investment

The barrier shrink bags market is experiencing rapid expansion; projections place its value at approximately US$ 2,112.3 million in 2023. Recent market analysis data indicates that the barrier shrink bag market is likely to grow at an impressive 5.9% CAGR from 2023 to 2033, with a projected value of US$ 3,968.3 million by that year.

Key Market Insights:

1. Superior Properties Driving Demand:
   Barrier shrink bags are becoming more and more popular among end users because to their excellent sealing capabilities, resistance to rips and tears, transparency, and other positive attributes. Many causes, including the increasing need from a range of industries for flexible and convenient packaging choices, are driving the need for barrier shrink bags.
2. Extended Shelf Life and Food Safety Concerns:
   Barrier shrink bags are crucial for extending the shelf life of packed commodities, particularly meat, poultry, cheese, seafood, and other things. With the growing rules and concerns about food safety from national governments, food manufacturers and retailers are turning to barrier shrink bags to maintain premium standards in food packaging.

Request the Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-5613

Customized and Consumer-Convenient Packaging Solutions:
The trend towards customized and consumer-convenient packaging solutions is fueling the adoption of barrier shrink bags. Consumers are attracted to packaging options that offer single-handed use, portability, and easy opening features. Barrier shrink bags provide protection against moisture, gases, and other elements, making them a preferred choice among consumers.Moreover, printing on barrier shrink bags serves as an effective branding technique, allowing brand owners to differentiate their products and attract consumer attention in competitive markets.

Growth Opportunities in the Barrier Shrink Bags Industry:

1. E-commerce Packaging Demand: The increasing trend of online shopping is driving the demand for efficient and protective packaging solutions, positioning barrier shrink bags as a crucial packaging choice for e-commerce businesses.
2. Food Industry Expansion: With a rising global population and changing consumer preferences, the food industry is expanding rapidly. Barrier shrink bags provide extended shelf life and enhanced product protection, making them indispensable for the food packaging sector.
3. Sustainability Focus: Growing environmental concerns have led to a surge in demand for sustainable packaging solutions. Barrier shrink bags with eco-friendly materials and recyclability features are poised for significant growth as companies strive for more sustainable packaging options.
4. Customization and Branding: Consumer engagement is becoming increasingly important. Barrier shrink bags offer opportunities for unique branding and customization, allowing companies to differentiate their products and enhance their market presence.
5. Technological Advancements: Ongoing technological advancements in materials and manufacturing processes are improving the performance and cost-effectiveness of barrier shrink bags. Companies investing in research and development to enhance these technologies can gain a competitive edge.

Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/5613

Industry Trends in Barrier Shrink Bags:

1. Smart Packaging Integration: The integration of smart packaging technologies, such as RFID tags and QR codes, into barrier shrink bags is a growing trend. This enables better traceability, authenticity verification, and enhanced communication with consumers.
2. Focus on Lightweight Materials: To address sustainability concerns and reduce transportation costs, the industry is trending towards the use of lightweight materials without compromising on barrier properties. This trend aligns with the broader movement towards eco-friendly packaging solutions.
3. Antimicrobial Packaging Solutions: With increasing awareness of food safety, there is a rising trend in the use of antimicrobial coatings in barrier shrink bags. These coatings help extend the shelf life of products by inhibiting the growth of bacteria, mold, and other microorganisms.
4. Global Supply Chain Challenges: The barrier shrink bags market is affected by global supply chain disruptions, impacting the availability and pricing of raw materials. Companies are adopting agile supply chain strategies to navigate uncertainties and ensure a stable production flow.
5. Regulatory Compliance and Certification: Stringent regulations regarding food safety and packaging materials are influencing the barrier shrink bags market. Compliance with international standards and obtaining certifications for safety and quality are becoming crucial for market players to meet industry requirements and gain consumer trust.

Key Takeaways:

• The high barrier shrink bags segment will expand at a CAGR of 6.1%, reaching US$ 1.6 Bn by the end of 2027.
• By application, the meat segment will generate US$ 381 Mn opportunity.
• Based on type, side sealed product type will grow at 6.0% CAGR, arriving at a value of US$ 1.4 Bn in 2027.
• North America will account for 26% of the global market share.
• The United States will hold 92% of the target market share in North America through 2027.
• The barrier shrink bags industry in Italy will expand by 1.7x, creating a revenue opportunity of US$ 24 Mn during 2022-2027.

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 industry 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.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-5613

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

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube