Get In Touch

Global Preform Shrink Bands Market: Overview

Today, across the globe, packaging convenience in terms of product buying has emerged as one of the decisive factors. Shrink bands form an ideal sealing solution for multi-pack applications. Preform shrink bands are pre-molded to the shape of your container and makes a perfect tamper-evident, safe and secure seal that fits for almost any shaped container. Also, preform shrink bands can be manufactured in any standard shapes such as round, triangular, rectangular, orthogonal, etc. and even to a great quantity.

Global Preform Shrink Bands Market: Drivers & Restraints

The global market for preform shrink bands is likely to be driven by a significant rise in consumption of packaged food & beverages products. The growth in the sophisticated consumer demanding for the packaging seals that is lightweight, tamper-evident and safety has thus lead to growing applications of preform shrink bands. Perform shrink bands have emerged as an asset in the packaging world as a safe & economical sealing solution; serving value to the packaged food manufacturers. Additionally, other key aspects are the increasing number of work-class population in the urban region with rising disposable income.  All these above factors fuel the preform shrink bands market across the globe. On the other hand, the growing inclination towards newer formats of packaging such as pouches and wraps hinders the growth of preform shrink bands market.

Global Preform Shrink Bands Market: Segmentation

The global preform shrink bands market is segmented as follows

On the basis of product type, the global preform shrink bands market is segmented into:

  • Printed preforms shrink bands
  • Perforated preform shrink bands
  • Seamed preform shrink bands

On the basis of material type, the global preform shrink bands market is segmented into:

  • Polyvinyl chloride (PVC)
  • Polyethylene terephthalate (PET)
  • Polylactic acid (PLA)
  • Oriented Polystyrene (OPS)
  • Others

On the basis of thickness, the global preform shrink bands market is segmented into:

  • Below 1 mm
  • 1 mm - 3 mm
  • 3 mm - 5 mm
  • Above 5 mm

On the basis of applications, the global preform shrink bands market is segmented into:

  • Fruits & Vegetables
  • Bakery Products
  • Meat Processed Products
  • Grain Mill Products
  • Dairy Products
  • Others

Global Preform Shrink Bands Market: Regional Overview

Geographically, the global preform shrink bands market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

In contrast to regions mentioned above, North America is likely to hold a significant market share and is expected to dominate the global preform shrink bands market throughout the forecast period as it provides a better infrastructure for stocking of ready to consume food. The European food storage containers market is an established market, and hence, the preform shrink bands market are expected to witness inline growth during the forecast period. Food & beverages industry in Asia is intended to experience an astonishing growth and keeping this in consideration, the demand for shrink bands in APAC region is likely to witness a double-digit growth during the forecast period. Owing to the growth prospects in the organized retail industry, the Latin America is thus expected to witness a striking growth over the forecast period

Largely, the global preform shrink bands market is projected to register a healthy growth rate during the forecast period.

Global Preform Shrink Bands Market: Key Players

Some key players that currently operate in preform shrink bands market across the globe are R.B. Dwyer Company, Inc., American Film & Machinery., Zoltech Packaging., Excel Packaging Equipment., MPI Label Systems, Aaron Packaging, Inc., Crystal Vision Packaging., Gmpak Enterprises Corporation, Ameri-Seal, Inc., Traco Manufacturing, Inc., and many more.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Preform Shrink Bands Market

Pre Book