Worldwide Shrink Bags Market to Reach US$ 5500 Mn by 2025 - Persistence Market Research

Worldwide Shrink Bags Market to Reach US$ 5500 Mn by 2025 - Persistence Market Research

PR Newswire

New York, February 8, 2018

New York, February 8, 2018 /PRNewswire/ --

Global Market Study on Shrink Bags: Electronics Application Segment to be Highly Attractive in the Coming Years Owing to Increasing Use of Shrink Bags in Packaging Electronic Components

Persistence Market Research has analyzed various facets of the shrink bags market from a global standpoint and has skilfully presented them in its new research publication titled "Shrink Bags Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)". The extensive shrink bags market research report covers various trends, opportunities, drivers and restraints influencing the growth of the global shrink bags market along with regional analysis, competitive scenario and forecasts. This analysis focuses on each segment and sub-segment of the global market based on which analysts have given their opinions regarding various market dynamics. This research report is more focused on presenting qualitative and quantitative inputs that can add value to a business.

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Global Shrink Bags Market: Forecast Highlights 

The global shrink bags market is expected to grow at a value CAGR of 5.3% during the period of assessment, 2017-2025. It is estimated to reach a value of more than US$ 5500 Mn by the end of the year of assessment (2025) from a value of around US$ 2900 Mn in 2017.

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Global Shrink Bags Market: Dynamics Influencing Growth 

The factors influencing the growth of the global shrink bags market include increasing demand for shrink bags as a promotional product, increasing popularity of shrink bags as they help extend the shelf life of the product, increasing use of shrink bags in the food industry, extensive use of alternative barrier material, increasing preference of multilayer structure shrink bags (that offer strength, safety and improved resistance), increasing growth in retail sector, increasing adoption of EVOH material due to excellent barrier properties, growing concern regarding food safety and hygiene, growing preference and hence sales of packed meat products and growing use of shrink bags in different applications due to developments in barrier film techniques.

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Global Shrink Bags Market: Key Segmental Analysis 

The global shrink bags market is segmented on the basis of barrier type, product type, material type, thickness, application and region.

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Global Shrink Bags Market: Competitive Assessment 

The global shrink bags market research report includes company profiles of key players involved in the daily operations of shrink bags. Bemis Company, Inc., Kureha Corporation, Sealed Air Corporation, Winpak Ltd., Flexopack S.A., Coveris Holdings SA, PREMIUMPACK GmbH, Schur Flexible Group, BUERGOFOL GmbH, Allfo Vakuumverpackungen Hans Bresele Kg, Kuplast, Spektar d.o.o., Atlantis-Pak Co. Ltd., Inauen Group and GAP S.r.l., are the key players analyzed in the global shrink bags research study.

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