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Shrink Bags Market will Reach US$ 5500 Mn by 2025

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Shrink Bags Market will Reach US$ 5500 Mn by 2025
Shrink Bags Market will possibly reach US$ 5500 Mn by 2025
Persistence Market Research has analyzed various facets of the shrink bags market from a global
standpoint and has skilfully presented them in its new research publication titled “Shrink Bags
Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. The extensive shrink
bags market research report covers various trends, opportunities, drivers and restraints influencing
the growth of the global shrink bags market along with regional analysis, competitive scenario and
forecasts. This analysis focuses on each segment and sub-segment of the global market based on
which analysts have given their opinions regarding various market dynamics. This research report is
more focused on presenting qualitative and quantitative inputs that can add value to a business.
The global shrink bags market is expected to grow at a value CAGR of 5.3% during the period of
assessment, 2017-2025. It is estimated to reach a value of more than US$ 5500 Mn by the end of
the year of assessment (2025) from a value of around US$ 2900 Mn in 2017.
Shrink Bags Market Research Report Overview @
https://www.persistencemarketresearch.com/market-research/shrink-bags-market.asp
The factors influencing the growth of the global shrink bags market include increasing demand for
shrink bags as a promotional product, increasing popularity of shrink bags as they help extend the
shelf life of the product, increasing use of shrink bags in the food industry, extensive use of
alternative barrier material, increasing preference of multilayer structure shrink bags (that offer
strength, safety and improved resistance), increasing growth in retail sector, increasing adoption of
EVOH material due to excellent barrier properties, growing concern regarding food safety and
hygiene, growing preference and hence sales of packed meat products and growing use of shrink
bags in different applications due to developments in barrier film techniques.
The global shrink bags market is segmented on the basis of barrier type, product type, material type,
thickness, application and region.
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By barrier type, high barrier segment is expected to lead the global market in terms of
market value as well as growth rate
By product type, side sealed shrink bags are widely used in different applications. The
side sealed segment is thus a lucrative one and is estimated to reach a value more than
US$ 2 Bn and is projected to grow at a comparatively high CAGR during the forecast
period
By material type, PE segment is poised to reflect high value and a significant growth rate.
This segment is expected to dominate the global market in the coming years
By thickness, 50 to 70 micron segment is the most lucrative owing to increased
preference. This segment is projected to grow at a high value CAGR of 5.8% throughout
the period of assessment
By application, food and electronics segments are expected to largely contribute to the
growth of the shrink bags market
By region, Asia Pacific is the most attractive with respect to adoption of shrink bags in
several end uses, followed by Europe
Request Sample [email protected] https://www.persistencemarketresearch.com/samples/21703
The global shrink bags market research report includes company profiles of key players involved in
the daily operations of shrink bags. Bemis Company, Inc., Kureha Corporation, Sealed Air
Corporation, Winpak Ltd., Flexopack S.A., Coveris Holdings SA, PREMIUMPACK GmbH, Schur
Flexible Group, BUERGOFOL GmbH, Allfo Vakuumverpackungen Hans Bresele Kg, Kuplast,
Spektar d.o.o., Atlantis-Pak Co. Ltd., Inauen Group and GAP S.r.l., are the key players analyzed in
the global shrink bags research study.
Author
vakhas
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