Quick Summary:
In the rapidly evolving global Shrink Bags industry, actionable insights hold the key to success for any venture, new or established. Our latest market research report specifically addresses this need, offering a comprehensive analysis and accurate projections for the Shrink Bags market, which is estimated to rise to an impressive US$4.3 Billion by 2030.
Our unique, data-driven insights allow you to gain a strategic edge over your competitors. In-depth regional analysis, including the dynamic markets of the U.S. and China, offers a nuanced understanding of different regional trends and opportunities. As an ambitious business leader, you cannot afford to miss out on this valuable overview of the Shrink Bags market from a global perspective. This meticulously compiled report is the ultimate strategic planning tool that will inform, enhance, and cement your industry standing.
Global Shrink Bags Market to Reach $4.3 Billion by 2030
The global market for Shrink Bags estimated at US$3.3 Billion in the year 2022, is projected to reach a revised size of US$4.3 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030. High Barrier, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Medium Barrier segment is readjusted to a revised 3.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $897.3 Million, While China is Forecast to Grow at 5.4% CAGR
The Shrink Bags market in the U.S. is estimated at US$897.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$867.1 Million by the year 2030 trailing a CAGR of 5.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.Select Competitors (Total 41 Featured) -
- Allfo Vakuumverpackungen Hans Bresele KG
- Atlantis-Pak
- Bemis Co., Inc.
- Buergofol GmbH
- Coveris Holdings SA
- Flexopack SA
- Inauen Group
- Kuplast Matejka Kumar S.P.
- Kureha Corporation
- PREMIUMPACK GmbH
- Schur Flexibles Holding GesmbH
- Sealed Air Corporation
- Spektar d.o.o. (Balkans)
- Winpak Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Shrink Bags?
What is the growth rate of the Global Market for Shrink Bags?
What is the forecasted size of the Global Market for Shrink Bags?
Who are the key companies in the Global Market for Shrink Bags?
| Report Attribute | Details |
|---|---|
| No. of Pages | 273 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3.3 Billion |
| Forecasted Market Value ( USD | $ 4.3 Billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Allfo Vakuumverpackungen Hans Bresele KG
- Atlantis-Pak
- Bemis Co., Inc.
- Buergofol GmbH
- Coveris Holdings SA
- Flexopack SA
- Inauen Group
- Kuplast Matejka Kumar S.P.
- Kureha Corporation
- PREMIUMPACK GmbH
- Schur Flexibles Holding GesmbH
- Sealed Air Corporation
- Spektar d.o.o. (Balkans)
- Winpak Ltd.
