Heat Shrink Bands Market: Overview
Heat Shrink bands market represents opportunities for various end users including food and beverage packaging converters, pharmaceuticals and others manufacturers across the globe. With the increasing cases of counterfeiting, the end users across various industries are looking for anti-counterfeiting solutions to protect their brand image. Counterfeiting results in creating huge economic loss and may harm the consumers. Heat shrink bands are ideal and cost-effective solutions to provide tamper evident features to the product. The food & beverages pharmaceuticals and cosmetics industries are some of the most adversely affected end use industries due to counterfeiting, which is translating humongous opportunities in the heat shrink bands market.
Heat shrink bands are available in various colors and shapes to cater the demand from various bottle manufacturers. Heat shrink bands are the security seals that makes unauthorized access to the protected product easily detectable. Heat shrink bands are wrapped around necks and lids of bottles and jars. PVC heat shrinks are highly preferred as optimal strength compared to its alternatives.
The global heat shrink bands market has witnessed tremendous growth on the backdrop of increasing demand from the food and beverage industry. Heat shrink bands are a powerful deterrent to theft and relabeling as they mark assets securely and unambiguously. All of this translates into the significant potential for the heat shrink bands market to grow. Since many manufacturers are gearing up to meet the constant growth in demand by enhancing their heat shrink bands production capacities, the industry is poised to witness steady growth which is likely to lead to a highly attractive market. Heat shrink band manufacturers are therefore looking for down gauging the material expense to produce cost-effective bands that meet the demand without compromising the quality of the product.
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Heat Shrink Bands Market: Dynamics
Growing retail sector, particularly in global markets, has led to emergence of modern retail formats that sell wide variety of product categories in bulk quantities. The need to differentiate products on shelves has food packaging converters to offer high quality heat shrink bands that satisfy the packaging and security objectives of their clients operating in retail and food markets.
Increasing demand from preservations food product converters and beverage packaging companies are creating opportunities for heat shrink bands during the forecast period. Manufacturers of heat shrink bands are placing higher importance on the needs of the dynamic young population and developing products that attract them and accomplish attributes such as fun, simplicity, and safety.
However, alternatives such as tamper evident seals and other security seals tends to give tough competition to the heat shrink bands during the forecast period.
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Heat Shrink Bands Market: Segmentation
On the basis of material, heat shrink bands can be classified as:
- Polyvinyl Chloride (PVC)
On the basis of thickness, heat shrink bands can be classified as:
- Below 50 micron
- 50 - 75 micron
- 75 -100 micron
- Above 100 micron
On the basis of end use, heat shrink bands can be classified as:
- canned vegetables
- Dressings and condiments
- Non Alcoholic
- Cosmetics and Personal Care
Heat Shrink Bands Market: Regional Outlook
The developing countries of Asia Pacific have witnessed rapid growth in the production volume of food preservatives over the last decade. This is attributed to increasing population coupled with dynamic consumer preferences towards on-the-go food items. Countries like Mexico and Brazil are significant consumers of preservatives including sauces, dressings, etc. is likely to give fillip to the heat shrink bands during the forecast period. North America is anticipated to have positive potential in the heat shrink bands owing to high consumption of alcoholic drinks over the forecast period.
Heat Shrink Bands Market: Key Players
Some of the major players in the global heat shrink bands market are:
- SKS Bottle & Packaging, Inc.
- Berlin Packaging
- Kaufman Container
- United States Plastic Corporation
- LeMelange LLC
The report is a compilation of first-hand information, qualitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Heat Shrink Bands Market: Report Highlights
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth segmentation of the global heat shrink bands market
- Historical, current, and projected size of the global Heat shrink bands, regarding volume and value
- Recent industry trends and developments in heat shrink bands
- Competitive landscape in the global Heat shrink bands market strategies for key players operating in the protective fabrics and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on performance of the global heat shrink bands market
- Must-have information for global heat shrink bands market to sustain and enhance their market footprint.