PVC Shrink Film Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The growth of the PVC shrink film market is driven by widespread use in various industries including packaging, food & beverages, and pharmaceuticals among others. Significant growth of the consumer goods industry is expected to bolster the market growth at a substantial rate during the review period. Moreover, increasing consumption of packaged products is likely to create lucrative opportunities for the players operating in the global market in the coming years.
Market Segments' Analysis
According to Stratview Research, the PVC Shrink Film Market is segmented By Thickness (<15 Micron Thickness, 15-20 Micron Thickness, 20-30 Micron Thickness, >30 Micron Thickness), End-Use Industry (Food and Beverages, Industrial Packaging, Pharmaceutical, Consumer Goods, Others), and Region.
Based on the end-use industry, the market has been segmented into food and beverages, industrial packaging, pharmaceutical, consumer goods, and others. Among these, the food & beverage segment accounted for the largest market share in 2020 and is expected to propel the market growth at a significant rate during the review period. The segment growth can be attributed to the increasing consumption of packaged food products.
The market in the Asia-Pacific region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to expanding growth of the food & beverage, packaging, and pharmaceutical industries in developing countries, particularly China and India. The market in North America and European regions is expected to be driven by widespread consumption of packaged food products and the established presence of the pharmaceuticals industry.
Top key vendors in the market:
The report mentions a list of key players in the PVC Shrink Film Market. Some of them are mentioned below –
- S Kempner Ltd (UK)
- Industrial Packaging (US)
- Kite Packaging Ltd (UK)
- Gujarat Packaging Industries (India)
- Pinpak (Australia)
- Traco Manufacturing, Inc. (US)
- Risen Polyplast (India)
- Allen Plastic Industries Co., Ltd. (India).
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