Shrink Packaging Market Attracts Investor Interest with Unparalleled Growth Rates: 4.8% CAGR Through 2023

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Global Shrink Packaging Market Information Report by Material (Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly vinyl chloride (PVC) and others), by Product (Hoods, Labels & Sleeves, Wrap, and Other), by Application (Food Packaging, Beverages, Paper & Textile Products, and Others) and By Region – Forecast To 2023

Pune, India — (SBWIRE) — 02/09/2018 — Market research future published a half-cooked research report on Global Shrink Packaging Market that contains the information from 2017 to 2023. Global shrink packaging market is expected to grow with the CAGR of approximately 4.8% from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Shrink Packaging Market Information from 2017 to 2023"

Shrink packaging market is projected to grow at a CAGR of 4.8% during the forecast period.

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Shrink packaging is the process in which sheets of transparent plastic film are wrapped around a product to form a solid, weather-resistant packaging layer. Rapid growth in the food and beverage (F&B) sector is the key driver for the growth of this market. Rising sale of retail items coupled with increasing e- e-commerce sales is also fuelling the growth of the market.

The global shrink packaging market is projected to grow at a CAGR of 4.8% during the forecast period.

Asia-Pacific region dominates the global shrink packaging market

On the basis of regions, global shrink packaging market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific dominates the global shrink packaging market. It is expected to be the fastest growing region for the market. Rapid growth in food and beverage industry in this region driving the growth of the market. Increasing demand for consumer goods in the region mainly due to high population is also fuelling the growth of the market. Additionally, availability of raw materials and low labor cost are the factors have the positive influence on the growth of the market.

North America is also expected to contribute significantly during the forecast period. Increased consumption of beverages fuelling the growth of the market.

The prominent players in the Shrink packaging market include Deufol SE (Germany), Dow Chemical Company (U.S.), Aakriti Packaging (India), Amcor Ltd (Australia), Bonset America Corporation (U.S.), American Eagle Packaging Corporation (U.S), Bemis Company, Inc. (U.S.), Berry Global, Inc (U.S.), Printpack Incorporated (U.S.), and others.

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Scope of the Report

This study provides an overview of the global shrink packaging market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Shrink packaging market by its material, product, application and region.

By Material
– Linear Low Density Polyethylene (LLDPE)
– Low Density Polyethylene (LDPE)
– Poly vinyl chloride (PVC)
– Other

By Product
– Hoods
– Labels & Sleeves
– Wrap
– Other

By Application
– Food Packaging
– Beverages
– Paper & Textile Products
– Others

By Region
– North America
– Asia-Pacific
– Europe
– Rest of the World

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