Shrink Bundling Films Market Size, Share, Trends and Forecast To 2032

Shrink Bundling Films Market Insights

According to the report published by Zion Market Research, the global Shrink Bundling Films market was valued at USD 1353.44 Million in 2023 and is predicted to reach USD 1631.81 Million by the end of 2032. The market is expected to grow with a CAGR of 2.1% during the forecast period. The report analyzes the global Shrink Bundling Films Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Shrink Bundling Films industry.

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Global Shrink Bundling Films Market: Overview

The shrink bundling film is a type of film that connects the production ability with the shelf impact that is concentrated along with the printing that is customized. The shrink bundling films are primarily used in the packaging industry and can be used to pack several types of products.

Global Shrink Films Market: Segmentation

The global market for shrink bundling films is fragmented into its type, application, and end users.

On the basis of type, the global market is segregated into unprinted and printed.

On the basis of application, the market is categorized into 6x3 size, 4x3 size, 4x2 size, and 3x2 size.

On the basis of end-users, the market is divided into dairy products, juices, dry foods, bottled and canned soft drinks, canned & bottled beers, sports & energy drinks, canned foods, bottled water, and others.

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Global Shrink Bundling Films Market: Growth Factors

The primary factors that are contributing to market growth are rise in the adoption of shrink bundling film in consumer products such as beer cans and other drinks, technological developments that are made in the field of packaging, increase in disposable income, and the fact that labels are used in a wide range of applications such as quality check and product security. The other factor that is driving the shrink bundling films market is the increasing consumption of packed foods and beverages which include water, fruit juice, and others. The shrink bundling films are generated from the bundling film machine and it can be adjusted to any number of sizes without any tooling cost or extra time, thus driving the demand of the market. The factor that is hampering the growth of the market is the chances of the product leakage and packaging damage, while handling of the product limits the growth of the market.

Shrink Bundling Films Market: Report Scope

Global Shrink Bundling Films Market: Regional Analysis

According to the regional study, the global market for shrink bundling films is diversified into North America, Western Europe, Asia Pacific, the Middle East and Africa, Eastern Europe, and Latin America. The market that is dominating the shrink bundling films market is Asia Pacific region. The factor that contributes to market growth in Asia Pacific region is the increasing development of the packaging industry, especially in emerging nations such as China and India. The increased consumption of packaged food products and beverages which include water, carbonated soft drinks, bottled milk, fruit juice, and energy drinks, is also driving the shrinking bundling films market in Asia Pacific region. The market is developing in the North American region owing to its wide range of applications. The other factors that are driving market growth in this region are the advancements made in flexible packaging technology and the changing packaging patterns.

Global Shrink Bundling Films Market: Competitive Players

The key market players that are involved in the shrink bundling films market include

• Amcor Limited
• Berry Plastics Corporation
• Coveris Holdings S.A
• Coveris Holdings
• Hood Packaging Corporation
• Bollore
• AEP Industries Inc.
• Bemis Company, Inc.
• Ceisa Packaging SAS
• Novolex
• Paragon Films Incorporated
• Signode Industrial Group
• Robapac
• others.

The Global Shrink Bundling Films Market segments are as follows:

By Type

• unprinted
• printed.

By Application

• 6x3 size
• 4x3 size
• 4x2 size
• 3x2 size.

By End-Users

• dairy products
• juices
• dry foods
• bottled
• canned soft drinks
• canned & bottled beers
• sports & energy drinks
• canned foods
• bottled water
• others.

Global Shrink Bundling Films Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provide

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonies to companies in order to fortify their foothold in the market.