Report ID : 1544 | Published : 2024-04-22 | Pages: 180 | Format: PDF/EXCEL/Power BI Dashbord
The Global Shrink Film Beverage Multipacks Market Size is valued at USD 2.93 billion in 2023 and is predicted to reach USD 4.28 billion by the year 2031 at an 4.77% CAGR during the forecast period for 2024-2031. plastic packaging film
Key Industry Insights & Findings from the Report:
The market for shrink plastic film for beverage multipacks will be driven by factors like the rising concern over hygiene and the safety of beverages. Can, bottle, and brick are the three main application types for shrink film used in beverage multipacks. Due to the steadily rising demand for mineral water and carbonated beverages, water and carbonated soft drinks make up the most significant portion of the overall shrink film packaging demand.
Additionally, a variety of bottle wrapping designs have been produced, which significantly contributes to the market's expansion. Water and soft drinks are typically packaged in bottles before supplementary packaging’s, such as shrink film, is added. The most popular material for this type of packaging is polyolefin because it degrades naturally but slowly over time. In all industries, printed shrink wrap film is still gaining ground, particularly in retail point-of-sale.
The shrink film beverage multipacks market is segmented into application, type, multipack and application packaging. Based on application, the market is segmented into alcoholic beverages, water, carbonated soft drinks, and other drinks. By type, the market is segmented into two unprinted and printed. By multipack, the market is segmented into 3x2, 4x2, 4x3, 6x3 and other multipack sizes. Based on application packaging, the market is segmented into cans, bottles and brick.
The unprinted segment accounted for the highest market share in the forecast period. In comparison to printed shrink film, unprinted shrink film is the more affordable choice. Unprinted shrink-plastic films are less expensive and have more applications. The packs are held together with shrink-plastic films, and a clearer view of the product within is made possible by the translucent sheets. It is also reasonably priced for SMEs, making it attractive in emerging markets. Unlike retail shelf displays, the products produced for transportation employ unprinted shrink plastic films. It protects the goods from harm and contamination from outside sources.
As the demand for soft drinks and beer cans and bottles rises, the 4x2 size is the most popular. Additionally, it is excellent for transporting. This approach is used by several high-end, craft beer and soft drink brands to market their goods, where customers are inclined to purchase large quantities. As a result, there is a demand for shrink wrap in the 4x2 size. Due to increasing volume production due to rising beverage demand, shrink plastic film for beverage multipacks in size 4x3 is expanding at the fastest rate.
North America controlled the market for beverage multipack shrink film. The demand for shrink film for beverage multipack materials is expected to increase as a result of the region's industrial development. To meet the needs of consumers, major market participants are primarily focusing on R&D projects and new product developments. Additionally, throughout the foreseeable future, the expansion of the petrochemical industry will have a direct impact on the demand for shrink film for beverage multipacks. During the projection period, the APAC region is anticipated to have the fastest-expanding market. The shrink film market is driven by rising demand for appealing packaging in the beverage industry and increasing multi-bottle package sales.
Representation of revenue in US$ Million, Volume (KT) and CAGR from 2024 to 2031
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Application, Type, Multipack and Application Packaging
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia
Amcor Plc, Coveris Holdings Sa, Ceisa Semi, Clondalki Group, RKW Group, Berry Global Inc, Plastotecnica SpA, Clearpack group, Sarkina, Baroda Packaging, Brentwood Plastic, Inc, Aintree Plastics Ltd., Elite Plastics Ltd., Xinjiang Rival Tech Co. Ltd, Poly-Pack Verpackungs-GmbH & Co.KG, Huan Yuan Plastic Film Co. Ltd, Jiangyin Bairuija Plastics Science & Technology Co., Ltd., Allied Propack Pvt. Ltd, Don Polymer, Sandeep Polymers
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Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions
Chapter 3. Global Shrink Film Beverage Multipacks Market Snapshot
Chapter 4. Global Shrink Film Beverage Multipacks Market Variables, Trends & Scope 4.1. Market Segmentation & Scope 4.2. Drivers 4.3. Challenges 4.4. Trends 4.5. Investment and Funding Analysis 4.6. Industry Analysis – Porter’s Five Forces Analysis 4.7. Competitive Landscape & Market Share Analysis 4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Application Estimates & Trend Analysis 5.1. by Application & Market Share, 2019 & 2031 5.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
5.2.1. Alcoholic Beverages 5.2.2. Water 5.2.3. Carbonated Soft Drinks 5.2.4. Other Drinks
Chapter 6. Market Segmentation 2: by Type Estimates & Trend Analysis 6.1. by Type & Market Share, 2019 & 2031 6.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
Chapter 7. Market Segmentation 3: by Multipack Estimates & Trend Analysis 7.1. by Multipack & Market Share, 2019 & 2031 7.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Multipack:
7.2.1. 3x2 7.2.2. 4x2 7.2.3. 4x3 7.2.4. 6x3 7.2.5. Other multipack sizes
Chapter 8. Market Segmentation 4: by Application Packaging Estimates & Trend Analysis 8.1. by Application Packaging & Market Share, 2019 & 2031 8.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application Packaging:
Chapter 9. Shrink Film Beverage Multipacks Market Segmentation 5: Regional Estimates & Trend Analysis
9.1.1. North America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application, 2024-2031 9.1.2. North America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Type, 2024-2031 9.1.3. North America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Multipack, 2024-2031 9.1.4. North America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application Packaging, 2024-2031 9.1.5. North America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by country, 2024-2031
9.2.1. Europe Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application, 2024-2031 9.2.2. Europe Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Type, 2024-2031 9.2.3. Europe Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Multipack, 2024-2031 9.2.4. Europe Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application Packaging, 2024-2031 9.2.5. Europe Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by country, 2024-2031
9.3.1. Asia Pacific Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application, 2024-2031 9.3.2. Asia Pacific Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Type, 2024-2031 9.3.3. Asia-Pacific Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Multipack, 2024-2031 9.3.4. Asia-Pacific Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application Packaging, 2024-2031 9.3.5. Asia Pacific Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by country, 2024-2031
9.4.1. Latin America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application, 2024-2031 9.4.2. Latin America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Type, 2024-2031 9.4.3. Latin America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Multipack, 2024-2031 9.4.4. Latin America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application Packaging, 2024-2031 9.4.5. Latin America Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by country, 2024-2031
9.5.1. Middle East & Africa Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application, 2024-2031 9.5.2. Middle East & Africa Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Type, 2024-2031 9.5.3. Middle East & Africa Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Multipack, 2024-2031 9.5.4. Middle East & Africa Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by Application Packaging, 2024-2031 9.5.5. Middle East & Africa Shrink Film Beverage Multipacks Market Revenue (US$ Million) & Volume (KT)) Estimates and Forecasts by country, 2024-2031
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2.1. Amcor Plc (Switzerland) 10.2.2. Coveris Holdings Sa (Austria) 10.2.3. Ceisa Semi (France) 10.2.4. Clondalki Group (The Netherlands) 10.2.5. RKW Group (Germany) 10.2.6. Berry Global Inc (US) 10.2.7. Plastotecnica SpA (Italy) 10.2.8. Clearpack group (Singapore) 10.2.9. Sarkina (US) 10.2.10. Baroda Packaging (India) 10.2.11. Brentwood Plastic, Inc (US) 10.2.12. Aintree Plastics Ltd. (UK) 10.2.13. Elite Plastics Ltd. (UK) 10.2.14. Xinjiang Rival Tech Co. Ltd (China) 10.2.15. Poly-Pack Verpackungs-GmbH & Co.KG (Germany) 10.2.16. Huan Yuan Plastic Film Co.Ltd (China) 10.2.17. Jiangyin Bairuija Plastics Science & Technology Co., Ltd. (China) 10.2.18. Allied Propack Pvt. Ltd (China) 10.2.19. Don Polymer (Russia) 10.2.20. Sandeep Polymers (India) 10.2.21. Other Prominent Players
Segmentation Of Shrink Film Beverage Multipacks Market-
Shrink Film Beverage Multipacks Market By Application
Shrink Film Beverage Multipacks Market By Type
Shrink Film Beverage Multipacks Market By Multipack
Shrink Film Beverage Multipacks Market By Application Packaging-
Shrink Film Beverage Multipacks Market By Region-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
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The Global Shrink Film Beverage Multipacks Market Size is valued at USD 2.93 billion in 2023 and is predicted to reach USD 4.28 billion by the year 20
Shrink Film Beverage Multipacks Market expected to grow at 5.00% CAGR during the forecast period for 2024-2031
Amcor Plc, Coveris Holdings Sa, Ceisa Semi, Clondalki Group, RKW Group, Berry Global Inc, Plastotecnica SpA, Clearpack group, Sarkina, Baroda Packagin
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