The global Barrier Shrink Bags market demonstrates remarkable potential, with an estimated value of about US$2,112.3 million in 2023. Projections indicate a robust CAGR of 5.9% from 2023 to 2033, propelling the market to a projected worth of US$3,968.3 million by 2033. These specialized bags, known for their impeccable sealing, puncture resistance, and transparency, are gaining substantial traction due to the escalating demand for convenient and flexible packaging solutions. The market’s growth trajectory highlights its pivotal role in meeting evolving packaging needs across various industries, positioning it as a key player in the global packaging landscape.
Request the Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-5613
These types of bags are highly popular in the meat, poultry, cheese, seafood, etc., a section of the food industry as the barrier shrink bags are capable of impacting the shelf life of these products. Thus, the target market finds plenty of lucrative opportunities in these industries during the projected period. The barrier shrink bags ensure safety, and hygiene, and provide a certain convenience that adds on to their popularity in the global market.
“Heightened demand for shelf-life extension will facilitate the global growth of the barrier shrink bags market over the forecast period,” says an FMI analyst.
Growth Opportunities in the Barrier Shrink Bags Industry:
- E-commerce Packaging Demand: The increasing trend of online shopping is driving the demand for efficient and protective packaging solutions, positioning barrier shrink bags as a crucial packaging choice for e-commerce businesses.
- Food Industry Expansion: With a rising global population and changing consumer preferences, the food industry is expanding rapidly. Barrier shrink bags provide extended shelf life and enhanced product protection, making them indispensable for the food packaging sector.
- Sustainability Focus: Growing environmental concerns have led to a surge in demand for sustainable packaging solutions. Barrier shrink bags with eco-friendly materials and recyclability features are poised for significant growth as companies strive for more sustainable packaging options.
- Customization and Branding: Consumer engagement is becoming increasingly important. Barrier shrink bags offer opportunities for unique branding and customization, allowing companies to differentiate their products and enhance their market presence.
- Technological Advancements: Ongoing technological advancements in materials and manufacturing processes are improving the performance and cost-effectiveness of barrier shrink bags. Companies investing in research and development to enhance these technologies can gain a competitive edge.
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-5613
Industry Trends in Barrier Shrink Bags:
- Smart Packaging Integration: The integration of smart packaging technologies, such as RFID tags and QR codes, into barrier shrink bags is a growing trend. This enables better traceability, authenticity verification, and enhanced communication with consumers.
- Focus on Lightweight Materials: To address sustainability concerns and reduce transportation costs, the industry is trending towards the use of lightweight materials without compromising on barrier properties. This trend aligns with the broader movement towards eco-friendly packaging solutions.
- Antimicrobial Packaging Solutions: With increasing awareness of food safety, there is a rising trend in the use of antimicrobial coatings in barrier shrink bags. These coatings help extend the shelf life of products by inhibiting the growth of bacteria, mold, and other microorganisms.
- Global Supply Chain Challenges: The barrier shrink bags market is affected by global supply chain disruptions, impacting the availability and pricing of raw materials. Companies are adopting agile supply chain strategies to navigate uncertainties and ensure a stable production flow.
- Regulatory Compliance and Certification: Stringent regulations regarding food safety and packaging materials are influencing the barrier shrink bags market. Compliance with international standards and obtaining certifications for safety and quality are becoming crucial for market players to meet industry requirements and gain consumer trust.
Key Takeaways:
- The high barrier shrink bags segment will expand at a CAGR of 6.1%, reaching US$ 1.6 Bn by the end of 2027.
- By application, the meat segment will generate US$ 381 Mn opportunity.
- Based on type, side sealed product type will grow at 6.0% CAGR, arriving at a value of US$ 1.4 Bn in 2027.
- North America will account for 26% of the global market share.
- The United States will hold 92% of the target market share in North America through 2027.
- The barrier shrink bags industry in Italy will expand by 1.7x, creating a revenue opportunity of US$ 24 Mn during 2022-2027.
Competitive Landscape
Amcor plc., Sealed Air Corporation, Winpak Ltd., Kureha Corporation, Schur Flexibles Group, Flavorseal Llc., BUERGOFOL GmbH, Flexopack S.A., Globus Group, Allfo Vakuumverpackungen Hans Bresele Kg, PREMIUMPACK GmbH, Kuplast, Vac Pac Inc., Vector Packaging Inc., Astar Packaging Pte Ltd., Millepack srl., and Spektar d.o.o, among others are some of the major players in the barrier shrink bags industry profiled in the full version of the report.
Leading market players are concentrating on product development and releasing new products to increase their product portfolios. These organizations are keen on expanding their operations and launching innovative product lines to strengthen their market presence.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-5613
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:
- Up to 50 microns
- 51 to 70 microns
- 71 to 90 microns
- 91 to 110 microns
- Above 110 microns
By Abuse Strength:
- High Abuse
- Low Abuse
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube