Barrier Shrink Bags Market Future Outlook | Remains Afloat Amid Covid-19 Pandemic, To Surge Positively, Projects FMI

Increasing hygiene awareness and advanced packaging technologies play a key role in growth of the barrier shrink bags market. Barrier shrink bags reduce chances of package failure and provide extra barriers for moisture, ensuring retention of aroma, and reduction of spoilage. Barrier shrink bags are thus an excellent packaging solution for protecting fresh meats from contamination and spoilage throughout the distribution channel. On the back of these factors, the global barrier shrink bags market is expected to exhibit a CAGR of 5.7% by value, during the forecast period of 2022-2027.

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Key Takeaways of Barrier Shrink Bags Market Study

As per FMI analysis, high barrier films are highly preferred for food packaging, and this segment is expected to create substantial incremental revenue opportunity during 2022-2027, as it ensures tear resistance of the packages and shelf life of the food product without spillage.
The meat packaging segment is expected to hold a significant share of the barrier shrink bags market. This is attributable high moisture and oxygen barrier provided by these bags that ensures hygiene and longer life of meat products.
Side sealed bags are expected to gain significant traction, on the back of high aroma barrier and high bi-directional shrinkage quality, which gives good presentation looks to the package.
Higher thickness of barrier shrink bags provides extra resistance for bacteria and contamination. On the other side low thickness barrier shrink bags are easy to tear and give transparent presentation of the product. End users prefer 50 to 70 Micron thickness bags for food packaging.
High abuse strength segment is expected to contribute significantly to the growth of the barrier shrink bags market.
North America is identified the leading market for barrier shrink bags at global level. However, expansion of food industries in Asian countries is expected to offer substantial opportunities for players in the barrier shrink bags market during the forecast period.

“Key players in the global barrier shrink bags market can gain significant profits by focusing on enhancing market presence in untapped and developing countries such as China and India, attributable to expansion of food industries and hygiene awareness in this region,” says an FMI analyst.

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Barrier Shrink Bags Market Landscape

Manufacturers of barrier shrink bags face intense competition in the global market. As per FMI research, high growth of the barrier shrink bags market is expected in next ten years, attributable to cost-effectiveness and high performance functionality of barrier shrink bags. Some of the leading manufacturers of barrier shrink bags market are Bemis Company, Inc., Winpak Ltd, Kureha Corporation, Coveris Holdings S.A, Schur Flexibles Group, Sealed Air Corporation, Flavorseal Llc., Flexopack S.A., Globus Group, BUERGOFOL GmbH, and Allfo Vakuumverpackungen Hans Bresele Kg. As per FMI’s market share analysis, Bemis Company, Inc., Sealed Air Corporation, Winpak Ltd, Kureha Corporation, and Coveris Holdings S.A are the top five companies holding an estimated market share of 15-16% in the global barrier shrink bags market.

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Barrier Shrink Bags Market by Category

By Barrier Type:

High Barrier Shrink Bags
Ultra High Barrier Shrink Bags

By Application:

Meat
Seafood
Poultry
Cheese & Dairy Products
Other Foods

By Product Type:

Round Bottom Sealed
Straight Bottom Sealed
Side Sealed

By Material Type:

Polyethylene
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
Polypropylene
Polyamide
Ethylene Vinyl Alcohol (EVOH)
Polyvinylidene Chloride (PVDC)
Others

By Thickness: