Global Pet Shrink Films Market 2024-2028
The pet shrink films market is forecasted to grow by USD 363.4 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the pet shrink films market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for packaged food and beverage products, growth in retail sector, and increasing demand for logistics and warehousing.
Technavio's pet shrink films market is segmented as below:
By End-user
- Food and beverage
- Industrial packaging
- Personal care and cosmetics
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increased use of lldpe over other forms of polyethylene as one of the prime reasons driving the pet shrink films market growth during the next few years. Also, increasing focus on recycling to reduce plastic waste and increasing adoption of bioplastics will lead to sizable demand in the market.
The report on the pet shrink films market covers the following areas:
- Pet shrink films market sizing
- Pet shrink films market forecast
- Pet shrink films market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pet shrink films market vendors that include Allen Plastic Industries Co. Ltd., allfo GmbH and Co. KG, Berry Global Inc., Bonset America Corp., BUERGOFOL GmbH, Coveris Management GmbH, Dow Inc., FLEXOPACK SA, Flint Group, HUBEI HYF PACKAGING Co. Ltd., KP Holding GmbH and Co. KG, KUPLAST MATEJKA KUMAR SP, Kyungwon Hwaseong Co. Ltd., Plastic Suppliers Inc., Polyplex Corp. Ltd, Premiumpack GmbH, Schur Flexibles Holding GesmbH, Triton International Enterprises Inc., Vintech Polymers Pvt. Ltd., and Winpak Ltd.. Also, the pet shrink films market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.