The shrink bundling films market forecasted to registering 4.9% CAGR during the forecast period (2022-2032) & to reach US$ 2153.2 million by 2032. Survey Conducted by Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Insights into Vital Dynamics Facilitating the Growth in the Global Shrink Bundling Films Market over the Assessment Period 2022-2032.
A detailed study on shrink bundling films market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.
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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global shrink bundling films market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales shrink bundling films in the coming 10-years.
Shrink bundling films are made up of 3-layer polyethylene for usage in automated packaging machines. These are integrated with heat tunnel for precise closure. The sales of shrink bundle films are expected to increase as these carry out the process of bundling and strapping. This ultimately means that the product can be shipped together.
Moreover, the comparison between historical CAGR and estimated CAGR gives us a clue that the shrink bundling films market is expected to grow. The historical CAGR was 3.6%, but observing the recent trends, the anticipated CAGR has increased to 4.9%.
Key Shrink Bundling Films Market Takeaways and Projections
- The U.S. is expected to lead the North america shrink bundling films market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of shrink bundling films market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global shrink bundling films market. Some of the prominent market players are AEP Industries Inc., Amcor Limited, Bemis Company, INC, Berry Plastics Corporation, Ceisa Packaging SAS, Coveris Holdings S.A, Novolex, Coveris Holdings, Paragon Films Incorporated, Hood Packaging Corporation, SIGNODE Industrial Group, Bollore, ROBAPAC.
Key Segments Profiled in the Shrink Bundling Films Market Survey
By Type:
- Printed
- Unprinted
By Application Pack Size:
- 3×2
- 4×2
- 4×3
- 6×3
- Others
By End User:
- Bottled Water
- Bottled and Canned Soft Drinks
- Canned Foods
- Dry Foods
- Sports & Energy Drinks
- Juices
- Canned & Bottled Beers
- Dairy Products
- Others
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About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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