The global market for barrier shrink bags is on a strong growth trajectory, with sales estimated to be worth USD 3.4 billion in 2024, and expected to increase to USD 4.9 billion by 2034. The industry is forecast to grow at a steady CAGR of 3.5% during the period from 2024 to 2034. The revenue generated from barrier shrink bags in 2023 was USD 3.3 billion, reflecting a year-on-year growth rate of 3.4% in 2024.
A key driver behind this growth is the rising demand for barrier shrink bags in the meat packaging industry, which is set to maintain its dominance with more than 54% of the market value share by the end of 2034.
As consumer preferences continue to shift toward high-quality, fresh, frozen, and processed meat products, the need for effective packaging solutions to preserve freshness, prevent spoilage, and protect against contamination becomes more critical. Barrier shrink bags provide the necessary protective barriers, extending the shelf life and integrity of meat products during storage and transport.
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In addition, the demand for ultra-high barrier shrink bags is expected to see robust growth, with a projected CAGR of 4.1% during the forecast period. These bags are particularly valuable in preserving highly perishable products such as meat, seafood, and dairy, thanks to their superior resistance to oxygen, moisture, and contaminants. As consumer expectations for longer shelf life and fresher food continue to rise, ultra-high barrier shrink bags are poised to play an essential role in meeting these demands.
The development of advanced material science technologies is further fueling the performance capabilities of barrier shrink bags. With innovations enhancing both the strength and efficiency of these packaging solutions, the market is set to experience continued expansion, catering to an increasingly discerning global consumer base.
As emerging markets see a continual rise in meat consumption, the demand for barrier shrink bags will continue to surge, reinforcing their critical role in maintaining food quality, safety, and freshness across the global supply chain.
Key Takeaways: Barrier Shrink Bags Market
- The barrier shrink bags industry recorded a CAGR of 1.8% from 2019 to 2023.
- The market value of the barrier shrink bags industry reached USD 3.3 billion in 2023.
- The UK is projected to generate USD 102.6 million in revenue by 2034.
- The United States is projected to produce 47.53 million tons of meat in 2022, driving demand for barrier shrink bags.
- Polyethylene shrink bags are expected to capture 32% market share with a 3.1% growth rate by 2034.
- The cheese & dairy sector is a significant growing application, holding a 28.5% share with a CAGR of 4.3% during the assessment period.
Competitive Landscape
This market is quite competitive, since there are numerous firms innovating, providing quality, and taking into account environmental concerns. The primary players in this market are large multinational packaging businesses, regional manufacturers, and niche experts who provide more advanced barrier technologies, such as multi-layer films, to protect and extend the shelf life of packed products.
Being sustainable is extremely important, and as the need for greener packaging develops, competitors shift to environmentally friendly, recyclable, and biodegradable items.
Partnerships with food producers and customization options, such as requiring specific barrier qualities for meat, dairy, or shellfish items, are also important. Companies can then adjust their products to meet the wants of their customers, increasing market rivalry.
Recent Industry Developments in Barrier Shrink Bags Market
- Buergofol introduced a new line of 100% recyclable high-barrier films for the meat and dairy industries in 2023, responding to the demand for sustainable packaging solutions.
- In June 2023, Asahi Kasei Corporation formed a strategic agreement to improve its barrier packaging technology. This partnership focuses on using innovative materials and innovations to improve the performance of barrier shrink bags in competitive markets.
- In 2023, Viscofan introduced a new range of biodegradable barrier shrink bags for the meat market, demonstrating its commitment to sustainability.
- In 2023, Va Pac Inc. introduced a revolutionary line of biodegradable high-barrier shrink bags geared at the seafood industry, in response to client demand for environmentally friendly packaging.
- In 2023, Astar Packaging expanded its portfolio of sustainable packaging solutions by introducing a line of biodegradable barrier shrink bags for the food business.
Key Players of Barrier Shrink Bags Industry
- Sealed Air Corporation
- Amcor plc
- WINPAK LTD.
- FLEXOPACK S.A.
- Viscofan Group
- Atlantis-Pak.
- Tipack Group
- allfo GmbH & Co. KG
- Asahi Kasei Corporation
- Flavorseal
- BUERGOFOL GmbH
- PREMIUMPACK GmbH
- VACPAC INC.
Key Segments of Barrier Shrink Bags Industry
By Material Type:
Barrier shrink bags industry is divided into polyethylene, polypropylene, polyamide, EVOH, PVDC, and others. Polyethylene is further classified as LDPE and LLDPE.
By Product Type:
Barrier shrink bags industry is segregated into round bottom sealed, straight bottom sealed, and side sealed.
By Barrier Type:
The industry is classified by high barrier and ultra-high barrier.
By Application:
The industry is classified by meat, seafood, poultry, cheese & dairy, and other.
By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East and Africa (MEA), have been covered in the report.
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