Future Market Insights
Vacuum shrink bags are considered to be one of the most important forms of packaging and its usage have seen a tremendous growth in recent few years. As compared to other types of packaging, vacuum shrink bags are the most affordable and hence it is expected to grow over the forecast period 2017-2025. Vacuum shrink bags are tough, high tensile and resistant as a result of which are used for packaging of food items which includes meat, seafood, poultry, fresh fruits & vegetables, etc. Vacuum shrink bags also helps in increasing the shelf life of food items packed in it. Vacuum shrink bags also provides excellent oxygen and moisture barrier protection for food products. Vacuum shrink bags have multiple layers which keep the product protected and hence created a competitive advantage over other types of flexible packaging bags.
Global Vacuum Shrink Bags - Market Dynamics:
One of the major factors which contribute to the growth of vacuum shrink bags is the extensive use of these bags in the retail sector. In addition, the market for vacuum shrink bags has seen substantial growth due to increasing demand from modern retail formats such as supermarket, hypermarket, e-commerce, etc. Furthermore, vacuum shrink bags market is growing due to increasing concerns towards food safety and hygiene of the food products. High flexibility of vacuum shrink bags is driving the growth for vacuum shrink bags market. Moreover, the non reusability of vacuum shrink bags is restraining the vacuum shrink bags market.
Global Vacuum Shrink Bags - Market Segmentation:
The global vacuum shrink bags market can be segmented by the material type, by the barrier type, thickness, and by the application.
On the basis of material type, the global vacuum shrink bags market is segmented into –
On the basis of barrier type, the global vacuum shrink bags market is segmented into –
On the basis of thickness, the global vacuum shrink bags market is segmented into –
On the basis of application, the global vacuum shrink bags market is segmented into –
Global Vacuum Shrink Bags Market – Regional Overview:
The global vacuum shrink bags market can be divided into seven major regions which are as follows -
Europe and North America are anticipated to be the largest market for vacuum shrink bags market, driven by manufacturers’ preference towards vacuum shrink bags which acts as cost effective for the variety of end-use application. Asia Pacific in recent few years has shown healthy CAGR due to high consumer acceptance and growing application scope of vacuum shrink bags across various industries. MEA is expected to register a moderate growth through increasing and organized retail market and is anticipated to reflect a worthy opportunity for the vacuum shrink bags market in the region.
Global Vacuum Shrink Bags Market – Key players:
Few of the key players in the vacuum shrink bags market are Sealed Air Corp., Atlantis-Pak Co. Ltd., Duropac, Coveris Holdings S.A, Bemis Company, Inc., Supralon International AG, Flexopack SA, etc.
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