Report cover image

PET Shrink Films Market: Current Analysis and Forecast (2022-2028)

Publisher UnivDatos Market Insights
Published Jan 11, 2022
Length 154 Pages
SKU # Univ17631685

Description

PET Shrink Films Market: Current Analysis and Forecast (2022-2028)

PET Shrink Films are defined as thermoplastic polymer resin of the polyester family, and they are known to be the best scuff resistance shrink film as they have heat resistance options and are a very high gloss percentage and have the best shrinkage performance. In addition, it is a clear and tough material, which has excellent water and moisture barrier properties. It is majorly used by various industries such as food and beverages for packaging of food products such as bakery and processed food and beverages including healthy drinks, juices, and soft drinks. Also, the growing adoption of eco-friendly packaging materials is likely to provide growth opportunities to the PET shrink films market players during the forecast period.

The PET Shrink Films Market is expected to grow at a steady rate of around 6% owing to the growing demand for eco-friendly materials and sustainable materials for packaging. Major companies in the market offer PET shrink films for food and beverage and logistics and warehousing applications with technologically advanced features. For instance, NiRY Group alliance with Far Eastern New Century (FENC), for the flexible packaging and packaging decorations fields. TopGreen® polyester film is eco-friendly meeting APR’s PET bottle Critical Guidance for recycling.
  • Based on type, the market is segmented into low shrink film, medium shrink film, and high shrink film. low shrink film category is to witness higher CAGR during the forecast period as it requires less heat to shrink and seal faster, reducing sealing time and increasing production capacity. In addition, the low PET Shrink Films are used for packaging heat-sensitive electronics products. Hence, the quality feature offered by low temperature shrink film is superior seal strength, low shrink and seal temperature, food safety, and puncture resistance
  • Based on end-user, the PET shrink films market has been classified into food & beverage, industrial packaging, personal care & cosmetics, printing & stationery, and others. The food & beverage category is dominating the market and it is expected to witness higher adoption of PET shrink film during the forecast period. This is mainly used for the packaging of several food products such as dairy and bakery products, takeaway food, processed food, meat, and beverages. In addition, it is also used for the packaging of stationery materials such as books, art supplies, pen pencils, and others
  • For a better understanding of the market adoption of the pet shrink films industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the growth of the packaging and healthcare industry in countries such as China, India, Japan, and South Korea, the consumption of PET shrink film in this region is growing. In addition, China's packaging industry is leading the region. Additionally, the increasing customized packaging and growing demand for consumer-packaged goods are expected to witness steady growth during the forecast period within the region. In recent years, the rapid growth in the fast-moving consumer goods (FMCG) sector is increasing the spending of the domestic middle-class consumers on quality and healthier products. Moreover, the region’s packaging industry is mainly driven by the growing innovations in the industry to make products compact and portable. Hence, with all these factors, the PET shrink film market in the region is expected to grow steadily over the forecast period
  • Some of the major players operating in the market include Berry Global Inc., The Dow Chemical Company, Allen Plastic Industries Co. Ltd., Bonset America Corporation, Flint Group, Polyplex Corporation Ltd., Sealed Air Corporation, Anchor Packaging Inc., Sigma Plastics Group, Clysar LLC

Table of Contents

154 Pages
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the PET Shrink Films Market
2.2. Research Methodology of the PET Shrink Films Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE PET SHRINK FILMS MARKET
6 PET SHRINK FILMS MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY TYPE
7.1. Low Shrink Film
7.2. Medium Shrink Film
7.3. High Shrink Film
8 MARKET INSIGHTS BY END-USER
8.1. Food & Beverage
8.2. Industrial Packaging
8.3. Personal Care & Cosmetics
8.4. Printing & Stationery
8.5. Others
9 MARKET INSIGHTS BY REGION
9.1. North America
9.1.1. U.S.
9.1.2. Canada
9.1.3. Rest of North America
9.2. Europe
9.2.1. Germany
9.2.2. U.K.
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3. Asia-Pacific
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Rest of Asia-Pacific
9.4. Rest of World
10 PET SHRINK FILMS MARKET DYNAMICS
10.1. Market Drivers
10.2. Market Challenges
10.3. Impact Analysis
11 PET SHRINK FILMS MARKET OPPORTUNITIES
12 PET SHRINK FILMS MARKET TRENDS
13 DEMAND AND SUPPLY-SIDE ANALYSIS
13.1. Demand Side Analysis
13.2. Supply Side Analysis
14 VALUE CHAIN ANALYSIS
15 COMPETITIVE SCENARIO
15.1. Competitive Landscape
15.1.1. Porters Fiver Forces Analysis
16 COMPANY PROFILED
16.1. Berry Global Inc.
16.2. The Dow Chemical Company
16.3. Allen Plastic Industries Co. Ltd.
16.4. Bonset America Corporation
16.5. Flint Group
16.6. Polyplex Corporation Ltd.
16.7. Sealed Air Corporation
16.8. Anchor Packaging Inc.
16.9. Sigma Plastics Group
16.10. Clysar LLC.
17 DISCLAIMER

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us