DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Shrink Film Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report to their offering.
Shrink Film Market Growth, Future Prospects and Competitive Analysis, 2017 - 2025, the global shrink film market is expected to reach over US$ 8,117.4 Mn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.
On the basis of material type, the global shrink film market is segmented into polyolefin, polyvinyl chloride (PVC), PETG (PET), oriented polystyrene (OPS), and polylactic acid (PLA). In 2016, polyolefin material is observed to be the most dominant segment accounting for more tahn 45% in global shrink films market. The segment is projected to grow at the higher CAGR and is expected to maintain its dominance over the forecast period.
On the basis of application, the shrink film market is categorized into food & beverages, pharmaceuticals, automotive & industrial, electronics and others. In 2016, food & beverage accounted for the largest share of global shrink film market. It accounted for more than 65% revenue share in the global shrink film market. Increasing use of shrink films in packaging of beverages and food products is projected to drive the demand for shrink films in food & beverages industry during the forecast period.
Major players accountfor over 55% market share of the global shrink film market.
Key Trends:
- High demand from end-use industries
- Growing popularity of shrink films owing to its light weight and low cost in varied application is anticipated to fuel the demand
- Price fluctuation is projected to hamper the growth global shrink films market
- Stringent regulations by various governments over the recycling and disposal of plastic waste
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Shrink Film Market Dynamics
Chapter 4 Global Shrink Film Market, by Material Type
Chapter 5 Global Shrink Film Market Analysis, by Application
Chapter 6 Global Shrink Film Market, by Geography
Chapter 7 Company Profiles
- Aep Industries, Inc
- Anchor Packaging, Inc
- Bemis Company, Inc
- Berry Global, Inc
- Clysar, Llc
- The Dow Chemical Company
- Fuji Seal International, Inc
- Intertape Polymer Group
- Sealed Air Corporation
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Sigma Plastics Group
For more information about this report visit https://www.researchandmarkets.com/research/h7hg2x/global_shrink
