Shrink Bag Market

Shrink Bag Market Study by PE, HDPE, LDPE, LLDPE, PP, PET, EVOH, PVC, PVDC, and PA for Food, Meat, Seafood, Poultry, Cheese & Dairy, Electronics, Cosmetics, and Others from 2024 to 2034

Analysis of Shrink Bag Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Shrink Bag Market Outlook (2024 to 2034)

A new study published by Fact.MR reveals that, expanding at a CAGR of 5.8%, the global shrink bag market size is projected to increase from a value of US$ 3.43 billion in 2024 to US$ 6.03 billion by 2034-end.

Global shrink bag sales have increased in recent years, driven by a myriad of factors influencing the packaging industry. Shrink bags have become increasingly popular due to their versatility and effectiveness in preserving and protecting various products during transportation and storage. These specialized bags, typically made from materials such as polyethylene or polypropylene, offer excellent barrier properties, ensuring the freshness and integrity of the packaged items.

The food and beverage industry has been a major contributor to the market's expansion, as shrink bags are widely utilized for packaging meat, poultry, seafood, and other perishable goods. Additionally, the pharmaceutical and industrial sectors have also embraced the use of shrink bags for packaging and securing a wide range of products.

Steady shrink bag market growth can be attributed to the rising demand for efficient and sustainable food packaging bags, as well as the increasing awareness of environmentally friendly materials. As companies continue to prioritize product safety, shelf appeal, and sustainability, global shrink bag sales are projected to maintain their upward trajectory during the forecast period.

Report Attributes Details
Shrink Bag Market Size (2024E) US$ 3.43 Billion
Projected Market Value (2034F) US$ 6.03 Billion
Global Market Growth Rate (2024 to 2034) 5.8% CAGR
China Market Value (2034F) US$ 1.11 Billion
Canada Market Growth Rate (2024 to 2034) 6.9% CAGR
North America Market Share (2024E) 19.9%
East Asia Market Value (2034F) US$ 1.76 Billion
Key Companies Profiled
  • Sealed Air Corporation
  • Amcor Plc
  • Bemis Company Inc.
  • Kureha Corporation
  • Winpak Ltd.
  • Globus Group
  • Cosmo Films
  • Zhejiang Yibai Packaging Materials

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What are the Key Global Shrink Bag Market Trends to Watch Out For?

“Growing Demand for Eco-friendly and Sustainable Packaging Solutions”

Several key trends are shaping the global market, reflecting the dynamic landscape of the packaging industry. One notable trend is the increasing demand for eco-friendly and sustainable packaging solutions. As environmental concerns gain prominence, consumers and businesses are seeking packaging options that minimize their carbon footprint. This has led to the development and adoption of biodegradable and recyclable materials in shrink bag manufacturing.

Another significant trend is the growing emphasis on smart packaging technologies. Integration of features such as QR codes, RFID, and intelligent sensors enables better tracking, authentication, and communication throughout the supply chain. This not only enhances product visibility but also addresses issues related to traceability and counterfeiting.

Customization and branding are playing a crucial role in the market, with companies focusing on innovative designs, graphics, and labeling to create a distinct and appealing identity for their products. As the industry continues to evolve, these trends are expected to shape the future of global shrink bag sales, influencing both consumer preferences and industry standards. Demand for shrink bags is gaining prominence worldwide, alongside other popular packaging materials such as industrial bag dust filters and golf stand bags.

How Can New Shrink Bag Manufacturers Maximize Their Profit Margins?

“Focus on Incorporating Advanced Packaging Solutions into Shrink Bags”

Shrink bag manufacturers hold the key to transforming the global market by embracing innovative practices and adapting to evolving industry demands. A shift towards sustainable materials and eco-friendly manufacturing processes is essential to meet the increasing consumer and regulatory expectations for environmentally responsible packaging. Manufacturers can explore biodegradable alternatives and invest in recycling initiatives to reduce the environmental impact of shrink bag production.

Leveraging advanced technologies, such as smart packaging solutions, can revolutionize the market. Manufacturers can invest in research and development to create shrink bags with enhanced barrier properties, ensuring extended shelf life and optimal product preservation. Customization capabilities and flexible packaging options that cater to diverse industry needs can set manufacturers apart in a competitive market.

By staying attuned to these transformative strategies, shrink bag manufacturers have the potential to shape the global market, meet evolving consumer expectations, and contribute to a more sustainable and technologically advanced packaging landscape.

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Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, asserts through its newly published analysis that East Asia is projected to hold 29.1% of the global market by 2034. Shrink bags are manufactured in several regions globally, including Southeast Asia, Central and South America, and Australia. This has enabled market players to meet the growing demand and reduce dependence on specific sourcing locations.

What Makes the United States a Lucrative Market for Shrink Bag Manufacturers?

“Increased Awareness of Sustainability and Stringent Food Safety Regulations”

Attribute United States
Market Value (2024E) US$ 438.5 Million
Growth Rate (2024 to 2034) 6.3% CAGR
Projected Value (2034F) US$ 809.7 Million

The United States stands out as a key market for shrink bag manufacturers due to its robust and diverse economy, coupled with a strong emphasis on efficient and innovative packaging solutions. The country's thriving food and beverage industry, particularly in meat and poultry processing, contributes significantly to the demand for shrink bags. Preference for convenient and visually appealing packaging aligns with the versatile nature of shrink bags, making them an ideal choice for various products.

Increased awareness and prioritization of sustainable practices in the United States make it a strategic market for manufacturers aiming to meet evolving consumer preferences. The presence of stringent regulations regarding food safety and quality further drives the adoption of advanced packaging technologies like shrink bags.

The competitive landscape in the United States compels manufacturers to continually innovate and differentiate their products, fostering a dynamic market environment. As a result, the United States emerges as a pivotal market for shrink bag manufacturers, offering ample opportunities for growth, innovation, and market leadership.

Which Factors are Influencing Demand for Shrink Bags in China?

“Focus on Sustainability Prompting Use of Eco-Friendly Materials for Shrink Bag Production”

Attribute China
Market Value (2024E) US$ 600.9 Million
Growth Rate (2024 to 2034) 6.3% CAGR
Projected Value (2034F) US$ 1.12 Billion

China is estimated to account for 62.3% of the shrink bag market share in East Asia in 2024. Several factors contribute to the growing demand for shrink bags in China, making it a significant market for manufacturers in the packaging industry. As disposable incomes rise and consumer lifestyles evolve, there is an increasing demand for convenience, which shrink bags cater to by offering easy handling and enhanced product visibility.

The Chinese government’s focus on stringent food safety regulations propels the adoption of advanced packaging technologies, including shrink bags, to ensure product integrity and hygiene. The sustainability trend is gaining traction in China, prompting manufacturers to explore eco-friendly materials for shrink bag production.

The expanding e-commerce industry in the country drives the demand for secure and visually appealing packaging, with shrink bags meeting these requirements effectively. A combination of these factors makes China a crucial market for shrink bag manufacturers, with ample opportunities for growth and market penetration.

Category-wise Insights

Which Barrier Type is Preferred in Shrink Bags?

“Role of Low-Barrier Shrink Bags in Controlling Permeability”

Attribute Low Barrier
Segment Value (2024E) US$ 1.15 Billion
Growth Rate (2024 to 2034) 6.1% CAGR
Projected Value (2034F) US$ 2.09 Billion

While high-barrier technologies have traditionally been associated with extending the shelf life of perishable goods, there is a shifting trend toward the use of low barrier materials. Low-barrier shrink bags are gaining popularity due to their versatility in packaging a wide range of products, especially those with shorter shelf lives or products that require breathability.

The low-barrier type allows for controlled permeability, striking a balance between preserving product freshness and allowing for optimal gas exchange. The food industry is increasingly opting for low-barrier shrink bags, recognizing their ability to maintain product quality while minimizing waste. As consumer preferences evolve, the demand for low barrier shrink bags is forecasted to increase, presenting a unique market opportunity for manufacturers in this segment.

Which Application Accounts for Higher Revenue Generation for Manufacturers?

“Extensive Use of Shrink Bags in Food Industry Due to Their Extended Shelf Life”

Attribute Food
Segment Value (2024E) US$ 1.13 Billion
Growth Rate (2024 to 2034) 6% CAGR
Projected Value (2034F) US$ 2.01 Billion

The food application segment asserts its dominance, capturing a leading share of the market. Unparalleled versatility and efficacy of shrink bags in preserving and protecting food products have propelled their widespread adoption in the food industry. From packaging fresh meat and poultry to seafood and processed foods, shrink bags offer excellent barrier properties, ensuring extended shelf life and maintaining product integrity.

Consumers, as well as manufacturers, appreciate the convenience, transparency, and enhanced visual appeal that shrink bags bring to the table. With stringent food safety regulations and an increasing focus on packaging solutions that reduce food waste, the food application segment is expected to maintain its leading position in the shrink bag market. As the demand for packaged food continues to rise globally, manufacturers catering to this segment are well-positioned for sustained growth and market dominance.

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Competitive landscape highlights only certain players
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Competitive Landscape

Market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Several key players in the shrink bag market such as Sealed Air Corporation, Amcor Plc, Bemis Company Inc., Kureha Corporation, Winpak Ltd, Globus Group, Cosmo Films, and Zhejiang Yibai Packaging Materials.

Companies often compete with regional players, creating a competitive environment characterized by innovation and product differentiation. Partnerships and collaborations between shrink bag producers help expand their market reach. Factors such as product quality, pricing, distribution networks, and sustainability practices play crucial roles in shaping competitive dynamics.

  • In July of 2023, Amcor, a leading industry player, inaugurated a novel production line located in Swansea, the United Kingdom. The objective behind this initiative by Amcor is to enhance the manufacturing output of the PrimeSeal packaging series designed for meat.
  • Adapa Group's Vacushrink(RE) Max 55 Shrink Bag received recognition at Interpack 2023, which took place in May of the same year. This shrink bag, acknowledged for its eco-friendly attributes, is entirely recyclable and serves as an ideal solution for meat storage.

Key Segments of Shrink Bag Market Research

  • By Barrier Type :

    • Low Barrier
    • Medium Barrier
    • High Barrier
    • Ultra High Barrier
  • By Product Type :

    • Round Bottom
    • Straight Bottom
    • Side Sealed
  • By Material :

    • PE
    • HDPE
    • LDPE
    • LLDPE
    • PP
    • PET
    • EVOH
    • PVC
    • PVDC
    • PA
  • By Thickness :

    • Up to 50 Microns
    • 50 to 70 Microns
    • 70 to 90 Microns
    • 90 to 110 Microns
  • By Application :

    • Food
    • Meat
    • Seafood
    • Poultry
    • Cheese & Dairy
    • Electronics
    • Cosmetics & Personal Care
    • Healthcare & Pharmaceuticals
    • Industrial
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Market Background

    4.1. Macro-Economic Factors

        4.1.1. Rise in Expenditure

        4.1.2. Increased Per Capita Expenditure

    4.2. Forecast Factors - Relevance & Impact

        4.2.1. Products in Pipeline

        4.2.2. Regulatory Scenario

        4.2.3. Mergers and Acquisitions

        4.2.4. Collaborative Agreements

        4.2.5. Value Chain

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunity Analysis

5. Market Context

    5.1. Adoption and Usage Analysis

    5.2. Market Evolution

    5.3. Product Vs Material Matrix

    5.4. Regulatory Scenario

    5.5. Parent Market Analysis

    5.6. Key Promotional Strategies by Market Players

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Product Type

    6.2. Pricing Break-up

        6.2.1. Manufacturer Level Pricing

        6.2.2. Distributor Level Pricing

    6.3. Global Average Pricing Analysis Benchmark

7. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034

    7.1. Historical Market Value (US$ Mn) Analysis, 2018 to 2023

    7.2. Current and Future Market Value (US$ Mn) Projections, 2024 to 2034

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2018 to 2023

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2024 to 2034

        8.3.1. Round Bottom

        8.3.2. Straight Bottom

        8.3.3. Side Sealed

    8.4. Market Attractiveness Analysis By Product Type

9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Barrier Type

    9.1. Introduction / Key Findings Barrier Type Size, 2018 to 2023

    9.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Barrier Type, 2024 to 2034

        9.2.1. Low Barrier

        9.2.2. Medium Barrier

        9.2.3. High Barrier

        9.2.4. Ultra High Barrier

    9.3. Market Attractiveness Analysis By Barrier Type

10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Material

    10.1. Introduction / Key Findings Material Size, 2018 to 2023

    10.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Material, 2024 to 2034

        10.2.1. PE

        10.2.2. HDPE

        10.2.3. LDPE

        10.2.4. LLDPE

        10.2.5. PP

        10.2.6. PET

        10.2.7. EVOH

        10.2.8. PVC

        10.2.9. PVDC

        10.2.10. PA

    10.3. Market Attractiveness Analysis By Material

11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Thickness

    11.1. Introduction / Key Findings Size, 2018 to 2023

    11.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Thickness, 2024 to 2034

        11.2.1. Up to 50 Microns

        11.2.2. 50 to 70 Microns

        11.2.3. 70 to 90 Microns

        11.2.4. 90 to 110 Microns

    11.3. Market Attractiveness Analysis By Thickness

12. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) Analysis By Application, 2018 to 2023

    12.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2024 to 2034

        12.3.1. Food

        12.3.2. Meat

        12.3.3. Seafood

        12.3.4. Poultry

        12.3.5. Cheese & Dairy

        12.3.6. Electronics

        12.3.7. Cosmetics & Personal Care

        12.3.8. Healthcare & Pharmaceuticals

        12.3.9. Industrial

    12.4. Market Attractiveness Analysis By Application

13. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) Analysis By Region, 2018 to 2023

    13.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2024 to 2034

        13.3.1. North America

        13.3.2. Latin America

        13.3.3. Europe

        13.3.4. East Asia

        13.3.5. South Asia

        13.3.6. Oceania

        13.3.7. Middle East and Africa (MEA)

    13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023

    14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034

        14.3.1. By Country

            14.3.1.1. United States

            14.3.1.2. Canada

        14.3.2. By Product Type

        14.3.3. By Barrier Type

        14.3.4. By Material

        14.3.5. By Thickness

        14.3.6. By Application

    14.4. Market Attractiveness Analysis

    14.5. Market Trends

    14.6. Key Market Participants - Intensity Mapping

    14.7. Drivers and Restraints - Impact Analysis

15. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023

    15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034

        15.3.1. By Country

            15.3.1.1. Germany

            15.3.1.2. Italy

            15.3.1.3. France

            15.3.1.4. United Kingdom

            15.3.1.5. Spain

            15.3.1.6. Rest of Europe

        15.3.2. By Product Type

        15.3.3. By Barrier Type

        15.3.4. By Material

        15.3.5. By Thickness

        15.3.6. By Application

    15.4. Market Attractiveness Analysis

    15.5. Market Trends

    15.6. Key Market Participants - Intensity Mapping

    15.7. Drivers and Restraints - Impact Analysis

16. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023

    16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034

        16.3.1. By Country

            16.3.1.1. GCC Countries

            16.3.1.2. South Africa

            16.3.1.3. Rest of Middle East and Africa

        16.3.2. By Product Type

        16.3.3. By Barrier Type

        16.3.4. By Material

        16.3.5. By Thickness

        16.3.6. By Application

    16.4. Market Attractiveness Analysis

    16.5. Market Trends

    16.6. Key Market Participants - Intensity Mapping

    16.7. Drivers and Restraints - Impact Analysis

17. Rest of the World Market Analysis 2018 to 2023 and Forecast 2024 to 2034

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023

    17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034

        17.3.1. By Product Type

        17.3.2. By Barrier Type

        17.3.3. By Material

        17.3.4. By Thickness

        17.3.5. By Application

    17.4. Market Attractiveness Analysis

    17.5. Market Trends

    17.6. Key Market Participants - Intensity Mapping

    17.7. Drivers and Restraints - Impact Analysis

18. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034

    18.1. Introduction

        18.1.1. Market Value Proportion Analysis, By Key Countries

        18.1.2. Global Vs. Country Growth Comparison

    18.2. United States Market Analysis

        18.2.1. By Product Type

        18.2.2. By Barrier Type

        18.2.3. By Material

        18.2.4. By Thickness

        18.2.5. By Application

    18.3. Canada Market Analysis

        18.3.1. By Product Type

        18.3.2. By Barrier Type

        18.3.3. By Material

        18.3.4. By Thickness

        18.3.5. By Application

    18.4. United Kingdom Market Analysis

        18.4.1. By Product Type

        18.4.2. By Barrier Type

        18.4.3. By Material

        18.4.4. By Thickness

        18.4.5. By Application

    18.5. Germany Market Analysis

        18.5.1. By Product Type

        18.5.2. By Barrier Type

        18.5.3. By Material

        18.5.4. By Thickness

        18.5.5. By Application

    18.6. France Market Analysis

        18.6.1. By Product Type

        18.6.2. By Barrier Type

        18.6.3. By Material

        18.6.4. By Thickness

        18.6.5. By Application

    18.7. Italy Market Analysis

        18.7.1. By Product Type

        18.7.2. By Barrier Type

        18.7.3. By Material

        18.7.4. By Thickness

        18.7.5. By Application

    18.8. Spain Market Analysis

        18.8.1. By Product Type

        18.8.2. By Barrier Type

        18.8.3. By Material

        18.8.4. By Thickness

        18.8.5. By Application

        18.8.6. By Application

    18.9. GCC Countries Market Analysis

        18.9.1. By Product Type

        18.9.2. By Barrier Type

        18.9.3. By Material

        18.9.4. By Thickness

        18.9.5. By Application

    18.10.  South Africa Market Analysis

        18.10.1. By Product Type

        18.10.2. By Barrier Type

        18.10.3. By Material

        18.10.4. By Thickness

        18.10.5. By Application

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies

    19.2. Market Concentration

    19.3. Market Share Analysis of Top Players

    19.4. Market Presence Analysis

        19.4.1. By Regional footprint of Players

        19.4.2. Product foot print by Players

        19.4.3. Channel Foot Print by Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive

        20.3.1. Sealed Air Corporation

            20.3.1.1. Overview

            20.3.1.2. Product Portfolio

            20.3.1.3. Analyst Commentary

            20.3.1.4. Key Financials

            20.3.1.5. Recent Developments

            20.3.1.6. Sales Footprint

            20.3.1.7. Strategy Overview

                20.3.1.7.1. Marketing Strategy

                20.3.1.7.2. Product Strategy

                20.3.1.7.3. Channel Strategy

        20.3.2. Amcor Plc

            20.3.2.1. Overview

            20.3.2.2. Product Portfolio

            20.3.2.3. Analyst Commentary

            20.3.2.4. Key Financials

            20.3.2.5. Recent Developments

            20.3.2.6. Sales Footprint

            20.3.2.7. Strategy Overview

                20.3.2.7.1. Marketing Strategy

                20.3.2.7.2. Product Strategy

                20.3.2.7.3. Channel Strategy

        20.3.3. Bemis Company Inc.

            20.3.3.1. Overview

            20.3.3.2. Product Portfolio

            20.3.3.3. Analyst Commentary

            20.3.3.4. Key Financials

            20.3.3.5. Recent Developments

            20.3.3.6. Sales Footprint

            20.3.3.7. Strategy Overview

                20.3.3.7.1. Marketing Strategy

                20.3.3.7.2. Product Strategy

                20.3.3.7.3. Channel Strategy

        20.3.4. Kureha Corporation

            20.3.4.1. Overview

            20.3.4.2. Product Portfolio

            20.3.4.3. Analyst Commentary

            20.3.4.4. Key Financials

            20.3.4.5. Recent Developments

            20.3.4.6. Sales Footprint

            20.3.4.7. Strategy Overview

                20.3.4.7.1. Marketing Strategy

                20.3.4.7.2. Product Strategy

                20.3.4.7.3. Channel Strategy

        20.3.5. Winpak Ltd.

            20.3.5.1. Overview

            20.3.5.2. Product Portfolio

            20.3.5.3. Analyst Commentary

            20.3.5.4. Key Financials

            20.3.5.5. Recent Developments

            20.3.5.6. Sales Footprint

            20.3.5.7. Strategy Overview

                20.3.5.7.1. Marketing Strategy

                20.3.5.7.2. Product Strategy

                20.3.5.7.3. Channel Strategy

        20.3.6. Globus Group

            20.3.6.1. Overview

            20.3.6.2. Product Portfolio

            20.3.6.3. Analyst Commentary

            20.3.6.4. Key Financials

            20.3.6.5. Recent Developments

            20.3.6.6. Sales Footprint

            20.3.6.7. Strategy Overview

                20.3.6.7.1. Marketing Strategy

                20.3.6.7.2. Product Strategy

                20.3.6.7.3. Channel Strategy

        20.3.7. Cosmo Films

            20.3.7.1. Overview

            20.3.7.2. Product Portfolio

            20.3.7.3. Analyst Commentary

            20.3.7.4. Key Financials

            20.3.7.5. Recent Developments

            20.3.7.6. Sales Footprint

            20.3.7.7. Strategy Overview

                20.3.7.7.1. Marketing Strategy

                20.3.7.7.2. Product Strategy

                20.3.7.7.3. Channel Strategy

        20.3.8. Zhejiang Yibai Packaging Materials

            20.3.8.1. Overview

            20.3.8.2. Product Portfolio

            20.3.8.3. Analyst Commentary

            20.3.8.4. Key Financials

            20.3.8.5. Recent Developments

            20.3.8.6. Sales Footprint

            20.3.8.7. Strategy Overview

                20.3.8.7.1. Marketing Strategy

                20.3.8.7.2. Product Strategy

                20.3.8.7.3. Channel Strategy

21. Assumptions and Acronyms Used

22. Research Methodology

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List Of Table

Table 01: Global Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type

Table 02: Global Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Barrier Type

Table 03: Global Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Material

Table 04: Global Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Thickness

Table 05: Global Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application

Table 06: Global Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Thickness Age Group

Table 07: Global Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Region

Table 08: North America Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country

Table 09: North America Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type

Table 10: North America Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Material

Table 11: North America Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Barrier Type

Table 12: North America Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Thickness

Table 13: North America Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application

Table 14: Europe Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country

Table 15: Europe Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type

Table 16: Europe Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Material

Table 17: Europe Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Barrier Type

Table 18: Europe Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Thickness

Table 19: Europe Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application

Table 20: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country

Table 21: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type

Table 22: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Material

Table 23: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Barrier Type

Table 24: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Thickness

Table 25: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application

Table 26: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type

Table 27: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Material

Table 28: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Barrier Type

Table 29: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Thickness

Table 30: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application

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List Of Figures

Figure 01: Global Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034

Figure 02: Global Market Absolute $ Opportunity, 2024 to 2034

Figure 03: Global Market Share Analysis (%), By Product Type, 2024 & 2034

Figure 04: Global Market Y-o-Y Analysis (%), By Product Type, 2024 to 2034

Figure 05: Global Market Attractiveness Analysis By Product Type, 2024 to 2034

Figure 06: Global Market Share Analysis (%), By Barrier Type, 2024 & 2034

Figure 07: Global Market Y-o-Y Analysis (%), By Barrier Type, 2024 to 2034

Figure 08: Global Market Attractiveness Analysis By Barrier Type, 2024 to 2034

Figure 09: Global Market Share Analysis (%), By Material, 2024 & 2034

Figure 10: Global Market Y-o-Y Analysis (%), By Material, 2024 to 2034

Figure 11: Global Market Attractiveness Analysis By Material, 2024 to 2034

Figure 12: Global Market Share Analysis (%), By Thickness, 2024 & 2034

Figure 13: Global Market Y-o-Y Analysis (%), By Thickness, 2024 to 2034

Figure 14: Global Market Attractiveness Analysis By Thickness, 2024 to 2034

Figure 15: Global Market Share Analysis (%), By Application, 2024 & 2034

Figure 16: Global Market Y-o-Y Analysis (%), By Application , 2024 to 2034

Figure 17: Global Market Attractiveness Analysis, By Application, 2024 to 2034

Figure 18: Global Market Share Analysis (%), By Thickness Age Group, 2024 & 2034

Figure 19: Global Market Y-o-Y Analysis (%), By Thickness Age Group, 2024 to 2034

Figure 20: Global Market Attractiveness Analysis By Thickness Age Group, 2024 to 2034

Figure 21: Global Market Share Analysis (%), By Region, 2024 & 2034

Figure 22: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034

Figure 23: Global Market Attractiveness Analysis, By Region, 2024 to 2034

Figure 24: North America Market Value Share, By Product Type, 2024 (E)

Figure 25: North America Market Value Share, By Materials 2024 (E)

Figure 26: North America Market Value Share, By Barrier Type, 2024 (E)

Figure 27: North America Market Value Share, By Thickness, 2024 (E)

Figure 28: North America Market Value Share, By Application, 2024 (E)

Figure 29: North America Market Value Share, By Country, 2024 (E)

Figure 30: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034

Figure 31: North America Market Attractiveness Analysis By Product Type, 2024 to 2034

Figure 32: North America Market Attractiveness Analysis By Material, 2024 to 2034

Figure 33: North America Market Attractiveness Analysis By Barrier Type, 2024 to 2034

Figure 34: North America Market Attractiveness Analysis By Thickness, 2024 to 2034

Figure 35: North America Market Attractiveness Analysis By Application, 2024 to 2034

Figure 36: North America Market Attractiveness Analysis By Country, 2024 to 2034

Figure 37: Europe Market Value Share, By Product Type, 2024 (E)

Figure 38: Europe Market Value Share, By Materials 2024 (E)

Figure 39: Europe Market Value Share, By Barrier Type, 2024 (E)

Figure 40: Europe Market Value Share, By Thickness, 2024 (E)

Figure 41: Europe Market Value Share, By Application, 2024 (E)

Figure 42: Europe Market Value Share, By Country, 2024 (E)

Figure 43: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034

Figure 44: Europe Market Attractiveness Analysis By Product Type, 2024 to 2034

Figure 45: Europe Market Attractiveness Analysis By Material, 2024 to 2034

Figure 46: Europe Market Attractiveness Analysis By Barrier Type, 2024 to 2034

Figure 47: Europe Market Attractiveness Analysis By Thickness, 2024 to 2034

Figure 48: Europe Market Attractiveness Analysis By Barrier Type, 2024 to 2034

Figure 49: Europe Market Attractiveness Analysis By Country, 2024 to 2034

Figure 50: Middle East and Africa Market Value Share, By Product Type, 2024 (E)

Figure 51: Middle East and Africa Market Value Share, By Material, 2024 (E)

Figure 52: Middle East and Africa Market Value Share, By Barrier Type, 2024 (E)

Figure 53: Middle East and Africa Market Value Share, By Thickness, 2024 (E)

Figure 54: Middle East and Africa Market Value Share, By Application, 2024 (E)

Figure 55: Middle East and Africa Market Value Share, By Country, 2024 (E)

Figure 56: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034

Figure 57: Middle East and Africa Market Attractiveness Analysis By Product Type, 2024 to 2034

Figure 58: Middle East and Africa Market Attractiveness Analysis By Material, 2024 to 2034

Figure 59: Middle East and Africa Market Attractiveness Analysis By Barrier Type, 2024 to 2034

Figure 60: Middle East and Africa Market Attractiveness Analysis By Thickness, 2024 to 2034

Figure 61: Middle East and Africa Market Attractiveness Analysis By Application, 2024 to 2034

Figure 62: Middle East and Africa Market Attractiveness Analysis By Country, 2024 to 2034

Figure 63: Rest of the World Market Value Share, By Product Type, 2024 (E)

Figure 64: Rest of the World Market Value Share, By Materials 2024 (E)

Figure 65: Rest of the World Market Value Share, By Barrier Type, 2024 (E)

Figure 66: Rest of the World Market Value Share, By Thickness, 2024 (E)

Figure 67: Rest of the World Market Value Share, By Application, 2024 (E)

Figure 68: Rest of the World Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034

Figure 69: Rest of the World Market Attractiveness Analysis By Product Type, 2024 to 2034

Figure 70: Rest of the World Market Attractiveness Analysis By Material, 2024 to 2034

Figure 71: Rest of the World Market Attractiveness Analysis By Barrier Type, 2024 to 2034

Figure 72: Rest of the World  Shrink Bag Market Attractiveness Analysis By Thickness, 2024 to 2034

Figure 73: Rest of the World Market Attractiveness Analysis By Application, 2024 to 2034

Figure 74: United States Market Value Share, By Product Type, 2024 & 2034

Figure 75: United States Market Value Share, By Material, 2024 & 2034

Figure 76: United States Market Value Share, By Barrier Type, 2024 & 2034

Figure 77: United States Market Value Share, By Thickness Age Group, 2024 & 2034

Figure 78: United States Market Value Share, By Application, 2024 & 2034

Figure 79: United States Market Value Analysis (US$ Mn), 2024 & 2034

Figure 80: Canada Market Value Share, By Product Type, 2024 & 2034

Figure 81: Canada Market Value Share, By Material, 2024 & 2034

Figure 82: Canada Market Value Share, By Barrier Type, 2024 & 2034

Figure 83: Canada Market Value Share, By Thickness Age Group, 2024 & 2034

Figure 84: Canada Market Value Share, By Application, 2024 & 2034

Figure 85: Canada Market Value Analysis (US$ Mn), 2024 & 2034

Figure 86: United Kingdom Market Value Share, By Product Type, 2024 & 2034

Figure 87: United Kingdom Market Value Share, By Material, 2024 & 2034

Figure 88: United Kingdom Market Value Share, By Barrier Type, 2024 & 2034

Figure 89: United Kingdom Market Value Share, By Thickness Age Group, 2024 & 2034

Figure 90: United Kingdom Market Value Share, By Application, 2024 & 2034

Figure 91: United Kingdom Market Value Analysis (US$ Mn), 2024 & 2034

Figure 92: Germany Market Value Share, By Product Type, 2024 & 2034

Figure 93: Germany Market Value Share, By Material, 2024 & 2034

Figure 94: Germany Market Value Share, By Barrier Type, 2024 & 2034

Figure 95: Germany Market Value Share, By Thickness Age Group, 2024 & 2034

Figure 96: Germany Market Value Share, By Application, 2024 & 2034

Figure 97: Germany Market Value Analysis (US$ Mn), 2024 & 2034

Figure 98: France Market Value Share, By Product Type, 2024 & 2034

Figure 99: France Market Value Share, By Material, 2024 & 2034

Figure 100: France Market Value Share, By Barrier Type, 2024 & 2034

Figure 101: France. Market Value Share, By Thickness Age Group, 2024 & 2034

Figure 102: France Market Value Share, By Application, 2024 & 2034

Figure 103: France Market Value Analysis (US$ Mn), 2024 & 2034

Figure 104: Italy Market Value Share, By Product Type, 2024 & 2034

Figure 105: Italy Market Value Share, By Material, 2024 & 2034

Figure 106: Italy Market Value Share, By Barrier Type, 2024 & 2034

Figure 107: Italy Market Value Share, By Thickness Age Group, 2024 & 2034

Figure 108: Italy Market Value Share, By Application, 2024 & 2034

Figure 109: Italy Market Value Analysis (US$ Mn), 2024 & 2034

Figure 110: Spain Market Value Share, By Product Type, 2024 & 2034

Figure 111: Spain Market Value Share, By Material, 2024 & 2034

Figure 112: Spain Market Value Share, By Barrier Type, 2024 & 2034

Figure 113: Spain Market Value Share, By Thickness Age Group, 2024 & 2034

Figure 114: Spain Market Value Share, By Application, 2024 & 2034

Figure 115: Spain Market Value Analysis (US$ Mn), 2024 & 2034

Figure 116: GCC Countries. Market Value Share, By Product Type, 2024 & 2034

Figure 117: GCC Countries Market Value Share, By Material, 2024 & 2034

Figure 118: GCC Countries Market Value Share, By Barrier Type, 2024 & 2034

Figure 119: GCC Countries Market Value Share, By Thickness, 2024 & 2034

Figure 120: GCC Countries Market Value Share, By Application, 2024 & 2034

Figure 121: GCC Countries  Shrink Bag Market Value Analysis (US$ Mn), 2024 & 2034

Figure 122: South Africa Market Value Share, By Product Type, 2024 & 2034

Figure 123: South Africa Market Value Share, By Material, 2024 & 2034

Figure 124: South Africa Market Value Share, By Barrier Type, 2024 & 2034

Figure 125: South Africa Market Value Share, By Thickness Age Group, 2024 & 2034

Figure 126: South Africa  Shrink Bag Market Value Share, By Application, 2024 & 2034

Figure 127: South Africa  Shrink Bag Market Value Analysis (US$ Mn), 2024 & 2034

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

How big is the shrink bag market size in 2024?

The global shrink bag market is set to be valued at US$ 3.43 billion in 2024.

What is the projected market value for the end of 2034?

By the end of 2034, worldwide revenue from shrink bag sales is projected to reach US$ 6.03 billion.

How fast are shrink bag sales forecasted to rise?

Sales of shrink bags are projected to increase at 5.8% CAGR through 2034.

What is the sales forecast for shrink bags in North America?

Sales of shrink bags in North America are projected to increase at 6.1% CAGR from 2024 to 2034.

At what rate is the market projected to expand in East Asia?

In East Asia, the market is forecasted to expand at a CAGR of 6.2% from 2024 to 2034.

At what CAGR are shrink bag sales forecasted to increase in Japan?

Shrink bag sales in Japan are projected to rise at a CAGR of 6% from 2024 to 2034.

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