Forecast From 2019 to 2024
As per the latest reports by Knowledge Sourcing Intelligence, Global shrink films market is
expected to grow at a CAGR of 4.19% to reach a total value of US$9.341 billion by 2024
from US$7.302 billion in 2018. Shrink films is made up of polymer plastics which shrinks
tightly over the product when heated up. It further keeps the product safe from outside
elements and increases shelf life of the product. The rising demand for packed foods is
expected to drive the shrink films market. Further, the increasing use of shrink films in the E-
commerce industry owing to cost efficiency and damage control properties is expected to
create growth opportunities for the market. The key industries driving the market for shrink films
are food and beverage, electronics. Healthcare and cosmetics among others. Furthermore, the
growing disposable income and increasing consumption of packed foods in developing
economies like India and China is anticipated to boost the market growth for shrink films.
Key Questions Answered By The Report
What will Shrink Films Market from 2019 to 2024?
How are the major drivers and restraints affecting the Shrink Films Market ?
growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participant’s
Key strategies being adopted by vendors, with in-depth analysis along with their impact
on competition and market growth
Segments Covered Under Shrink Films Market are :
•Food and Beverage
Middle East and Africa
Sealed Air Corporation