Enhanced Sales of Food through Online Platforms Creating Need for Durable Packaging Materials like Heat Shrink Film
The heat shrink film market is poised to register a CAGR of 4.30% through 2034. The market is penned to increase from US$ 5.51 billion in 2024 to US$ 9.34 billion by 2034. heat shrink packaging film
Asian nations witnessing thriving packaging and food and beverage sector is boosting the demand for heat shrink film. Transportation security provided by heat shrink films endears them to vendors.
The expansion of the packaging industry has led the market growth over the years. Manufacturers are increasingly using these films as a primary packaging option in recent years. By providing properties such as tight packaging, giving protection from moisture and other contamination, heat shrink film is attracting the consumer base in several regions.
The versatility of heat shrink films is getting attention from manufacturers. The availability of heat shrink films in various materials such as PET, PVC, PE, and others has gained popularity in the current period. The advantage provided by the heat shrink film makes it the ideal choice among consumers.
Rise in Demand from E-commerce Industry and Construction Industry
The eCommerce industry has emerged as a significant driver for the market. Technological advancements are seen at their peak, people are increasingly ordering things online. Therefore manufacturers are using heat shrink films as ideal packaging options. Moreover, heat shrink films are using immensely in the transportation industry also.
The need for covering scaffolding structures in the construction industry is driving up demand for the heat shrink film market in the construction industries. At the construction site, to protect their workers from adverse weather conditions and prevent materials from falling off the scaffolding several builders and associates have been seen using the heat shrink films.
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The need for excellent protection for the products in the food and beverage industry is anticipated to amplify the demand for heat shrink films. By protecting from moisture, dust, and contamination, heat shrink has gained much attraction in the food and beverage industry. Food producers are increasingly using these films to extend the shelf life of their food by packaging.
The 50-100 microns segment is gaining popularity in the market owing to its wide usage in different industries. The properties such as easy to transport, store, and handle are making the 50-100 segment the preferred choice among consumers. The expansion of the packaging industry is leading the market growth of the segment in recent years. Cost-effectiveness is also contributing to the segment growth as many manufacturers adopt the 50-100 micron heat shrink films than other microns segment films.
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Increasing transportation needs in the United States in recent years is responsible for the increasing product demand. Heat shrink films are increasingly used in the transportation of products to protect and preserve these products during transportation. Characteristics such as heat shrink film provide tight sealing for the products preventing dust, and other contamination, making them popular choices among consumers in the United States.
The need for cost-effective packaging solutions has been observed in the region over the years. Several packaging industries are using heat shrink films to reduce their operational costs in the United States. Furthermore, heat shrinks are customizable and gaining popularity in the business sectors who are looking to reduce waste and improvising efficacy.
The eCommerce businesses are expanding their portfolio in China. As people are ordering items through online portals and sites, the need for durable packaging is increasing in China. Heat shrink films are gaining immense popularity in the packaging industry in China owing to their offering such as much durability. The need for high-quality products is contributing to the growth of the market in the region. As Chinese consumers are becoming more affluent.
The growth of the food and beverage industry in China is at its peak. Need for convenient and customizable packaging for food products in the region. Food and beverage companies heavily using heat shrink films for packaging their food products in China. Heat shrink films can provide a cost-effective packaging solution, and tight sealing properties to their customers.
The concerns regarding sustainability and eco-friendly packaging have increased in the region. The Chinese government is implementing several rules and regulations for environmentally friendly packaging solutions. Heat shrink films act as a major aspect of the packaging solution for having recyclability and less material requirement.
The expansion of the electronic industry in the United Kingdom is helping market growth in the region. The wide range of accessibility of heat shrink film has attracted manufacturers over the years. Shifting consumer preferences toward convenient and easy-to-use products in the United Kingdom. The people in the region are using heat shrink film as a packaging option for their products owing to its convenient packaging solution.
Japan is considered a technologically advanced region across the world. Manufacturers are constantly investing in research and development activities in the country. Heat shrink manufacturing companies are looking to make their heat shrink film more advanced and customizable. Also, manufacturers are focusing on marketing of their products by developing more attractive and eye-catching designs.
The retail sector has played a major role to contributing market growth in South Korea. By providing cost-effective solutions to the retail packaging industry, heat-shrink films have gained much potential in South Korea. The market for heat shrink film is immensely competitive in the region.
The market is anticipated to gain potential growth during the forecast period owing to innovations and research. As manufacturers are expanding their product range to gain customer attraction. Several companies are looking to improvising consumer experience by implementing new marketing strategies in the current period. Stakeholders are investing in their infrastructure and services to gain maximum market share in the market.
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The CAGR of the heat shrink film market in the United States is estimated to be 4.8% through 2034.
The heat shrink film market is expected to grow at a CAGR of 4.30% from 2024 to 2034.
The market is expected to be worth US$ 5.51 billion in 2024.
The CAGR of the heat shrink film market during the 2024 to 2034 period in China is estimated to be 5.8%.
The heat shrink film market is estimated to get as big as US$ 9.34 billion by 2034.
1.1. Global Market Outlook
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Manufacturer
3.5.1.2. Mid-Level Participants)
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.8. PESTLE and Porter’s Analysis
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Thickness, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Thickness, 2024 to 2034
5.3.1. Up to 15 microns
5.3.2. 15 to 30 microns
5.3.3. 30 to 50 microns
5.3.4. Above 50 microns
5.4. Y-o-Y Growth Trend Analysis By Thickness, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Thickness, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Applications
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Applications, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Applications, 2024 to 2034
6.3.1. Wraps
6.3.2. Labels
6.3.3. Bags
6.4. Y-o-Y Growth Trend Analysis By Applications, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Applications, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2024 to 2034
7.3.1. Dairy Products
7.3.2. Fruit & Beverages
7.3.3. Bakery & Confectionary
7.3.4. Meat
7.3.5. Poultry & Seafood
7.3.6. Cosmetic & Personal Care Products
7.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Thickness
9.2.3. By Applications
9.2.4. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Thickness
9.3.3. By Applications
9.3.4. By End Use
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Thickness
10.2.3. By Applications
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Thickness
10.3.3. By Applications
10.3.4. By End Use
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Thickness
11.2.3. By Applications
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Thickness
11.3.3. By Applications
11.3.4. By End Use
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Thickness
12.2.3. By Applications
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Thickness
12.3.3. By Applications
12.3.4. By End Use
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Thickness
13.2.3. By Applications
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Thickness
13.3.3. By Applications
13.3.4. By End Use
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Thickness
14.2.3. By Applications
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Thickness
14.3.3. By Applications
14.3.4. By End Use
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Thickness
15.2.3. By Applications
15.2.4. By End Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Thickness
15.3.3. By Applications
15.3.4. By End Use
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Thickness
16.1.2.2. By Applications
16.1.2.3. By End Use
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Thickness
16.2.2.2. By Applications
16.2.2.3. By End Use
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Thickness
16.3.2.2. By Applications
16.3.2.3. By End Use
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Thickness
16.4.2.2. By Applications
16.4.2.3. By End Use
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Thickness
16.5.2.2. By Applications
16.5.2.3. By End Use
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Thickness
16.6.2.2. By Applications
16.6.2.3. By End Use
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Thickness
16.7.2.2. By Applications
16.7.2.3. By End Use
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Thickness
16.8.2.2. By Applications
16.8.2.3. By End Use
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Thickness
16.9.2.2. By Applications
16.9.2.3. By End Use
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Thickness
16.10.2.2. By Applications
16.10.2.3. By End Use
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Thickness
16.11.2.2. By Applications
16.11.2.3. By End Use
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Thickness
16.12.2.2. By Applications
16.12.2.3. By End Use
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Thickness
16.13.2.2. By Applications
16.13.2.3. By End Use
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Thickness
16.14.2.2. By Applications
16.14.2.3. By End Use
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Thickness
16.15.2.2. By Applications
16.15.2.3. By End Use
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Thickness
16.16.2.2. By Applications
16.16.2.3. By End Use
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Thickness
16.17.2.2. By Applications
16.17.2.3. By End Use
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Thickness
16.18.2.2. By Applications
16.18.2.3. By End Use
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Thickness
16.19.2.2. By Applications
16.19.2.3. By End Use
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Thickness
16.20.2.2. By Applications
16.20.2.3. By End Use
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Thickness
16.21.2.2. By Applications
16.21.2.3. By End Use
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Thickness
16.22.2.2. By Applications
16.22.2.3. By End Use
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Thickness
16.23.2.2. By Applications
16.23.2.3. By End Use
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Thickness
17.3.3. By Applications
17.3.4. By End Use
18.1. Competition Deep Dive
18.1.1. Aetna Group
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Trepko
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Syntegon
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Maillis Group (SAIT)
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. ARPAC Group
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Hartness
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Belca Packaging
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Zorpack
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Shandong Magpie Packaging Machinery
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. BENISON
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
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