Listing Title: PVDC Shrink Bags Market

PVDC Shrink Bags Market (Product Type – Round Bottom Sealed, Straight Bottom Sealed, Side Sealed; Application – Fresh Meat, Processed Meat, Poultry & Seafood) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2028

PVDC shrink bags market will be driven by the rising demand for flexible packaging solutions. In a recent study, Transparency Market Research (TMR) has forecast the market to record a moderate 2.9% CAGR between 2020 and 2028.

Through the course of the forecast period, the market is expected to record slow yet upward trend with growth driven by diverse applications of shrink bags. Their extensive use in packaging of food items including fruits, vegetables, meat, seafood, and other items is one of the chief drivers of the global market.

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See-through Packaging Solutions to Remain Highly Sought-after

The demand for see-through packaging is forecast to remain high, as it is often considered an indication of the quality of products. Many producers even believe that transparent packaging increases the chances of a consumer buying a product in comparison to those with opaque packaging.

See-through or transparency packaging has been witnessing high demand in the food sector. This kind of packaging is often sought-after because it provides a visually pleasing appearance, enhancing the shelf-visibility of any product. The method is therefore considered highly suitable for the food sector, where product differentiation is a key focus.

It is possible to achieve transparent surfaces by using PVDC shrink bags. These bags offer superior quality transparency and better shine. Investing in shrink bags also relieves manufacturers from incurring extract expenditure on food labelling and decorating the packages to enhance their visual appeal.

The demand for transparent shrink bags is visibly higher in developed countries, especially those located in Europe and North America. However, the market is gradually making inroads in high potential pockets of Asia Pacific and the Middle East and Africa. These factors are reinforcing potential growth of the market for shrink bags in the coming years.

Traditionally, rigid packaging solutions were more trusted by consumers because of their excellent barrier properties. Packaging materials including metal and glass were therefore considered more reliable irrespective of their shelf-life requirements.

Rigid packaging formats are however vulnerable to corrosion and breakage. As packaging evolved, an increasing number of manufacturers started incorporating advanced characteristics to make their packaging more flexible. There was higher focus on making packages more durable, flexible, and lightweight.

With improving research and development initiatives companies were able to innovate packaging solutions ensuring longer shelf-life and better convenient to users. PVDC shrink bags are therefore frequently used in the food industry to pack a multitude of food items such as seafood items, poultry, and processed meat.

The rising adoption of flexible packaging solutions is identified as one of the chief factors, contributing to growth witnessed in the market for PVDC packaging.

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Shrink Bags Offer High Visual Appeal

Some of the leading food brands are choosing flexible packaging solutions such as shrink bags to elevate their brand value and gain traction amid prevailing competition. PVDC shrink bags offer added features such as high barrier properties and puncture resistance.

Also, printing on shrink bags can help producers differentiate their products from the rest. This packaging improves the visual appeal of products, lures consumers, and provides them with better access to required information. The market is therefore expected to gain significant traction over the course of the forecast period.

Europe Emerges as a Lucrative Market, Yet Asia Pacific Forecast to Record Higher CAGR

Despite exhibiting lucrativeness, growth in Europe is likely to be stagnant for the market. Some of the leading players are expected to shift their focus towards high potential markets in Asia Pacific to gain competitive strength.

According to TMR, in the next ten years, Asia Pacific is likely to account for a lucrative share of the overall market share. The expansion of the food industry and rising manufacturing output will support the demand for improved packaging in Asian countries

COVID-19 Outbreak Leading to Slowdown

The market for PVDC shrink bags is primarily dominated by the food sector. As a result, the market players are expected the demand for straight bottom sealed, side sealed, and round bottom sealed shrink bags to accelerate in response to the increasing store meat, poultry, and seafood items sales.

However, post COVID-19 outbreak, experts have forecast the consumption of aforementioned food items to shrink considerably, which might adversely impact the market.

The pandemic unfolded unprecedented times for the food industry. As restaurants and food chains remained shuttered following complete or partial lockdown orders, sales within the industry took a nose dive. Shrink bag manufacturers too felt the heat, as one of their most lucrative pockets struggled to stay afloat amid the pandemic.

Discontinuation of production also caused supply chain disruption of PVDC shrink packs. However, with better planning and boost by regulatory authorities, the market is forecast to regain momentum at the beginning of 2021.

Demand for Contamination-free Packaging Propelling Growth

Recent events have rendered consumers more skeptical about products they buy. According to TMR, consumers prefer using shrink bags primarily because of their multi-layer structure that offers additional shield to food packaging.

Consumers are looking for better oxygen barrier and resistance against tearing. Barrier shrink bags with 50-70 Micron thickness offers both attributes, which has made them a highly sought-after packaging solution in the food sector.

Those made from polyethylene are expected to enjoy increasing demand especially due to their increasing use for packaging seafood, meat, poultry, and other food products.

Sustaining Revenue Growth is Imperative for Growth in Long Run

Companies operating in the market are currently focusing on sustaining the revenue flow. Thanks to unprecedented COVID-19 outbreak, their vulnerabilities to unforeseen threats are exposed. Most companies are therefore reevaluating their policies to better prepare themselves with contingency plans.

In order to regain momentum an increasing number of companies are eyeing emerging economies. Moreover, the overall packaging industry has been reporting a paradigm shift to exploring opportunities across untapped markets.

As a result of growing population, emerging nations are witnessing surging food demand, making them highly lucrative for PVDC shrink bag producers. The demand from high potential markets is expected to enable these companies gain competitive advantage in the near future.

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PVDC Shrink Bags Market: Competitive Overview

The market has a consolidated vendor landscape and lion’s share is held by a handful of established players. TMR’s report carefully studies prevailing competitive trends in the market based on expansion strategies adopted by the leading players.

It profiles companies such as The recent study of PVDC shrink bags market includes profiles of players such as

  • Sealed Air Corporation
  • ALLFO Vakuumverpackungen
  • Schur Flexibles Holding GesmbH
  • Amcor Plc 
  • Sunrise Packaging Material (Jiangyin) Co., Ltd
  • Green Packaging Material (Jiangyin) Co.,Ltd 
  • Hanxhosa (Suzhou) Limited Company
  • Astar Packaging Pte Ltd
  • Shuanghui Group and others.

Companies operating in the market are categorized as Tier 1, Tier 2, and Tier 3. Among the companies profiled Amcor plc and Sealed Air Corporation belong to Tier 1 and are currently boasting a stronghold in the market.

Tier 2 covers companies such as ALLFO Vakuumverpackungen, Schur Flexibles Holding GesmbH, Sunrise Packaging Material (Jiangyin) Co., Ltd, Shuanghui Group and Green Packaging Material (Jiangyin) Co. Ltd.

Tier 3 comprises Astar Packaging Pte Ltd, Hanxhosa (Suzhou) Limited Company and Vacpak (HongKong) Co., Limited. Strategic moves adopted by these companies are expected to have significant impact on the market’s growth trajectory.

PVDC Shrink Bags Market - Scope of the Report

Transparency Market Research (TMR) started a new study on the global PVDC shrink bags market, providing forecast for the period of 2020-2028. In the study, growth opportunity for the PVDC shrink bags market is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the PVDC shrink bags market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.

Key Questions Answered in TMR’s PVDC Shrink Bags Market Report

  • What will be market size for PVDC shrink bags by the end of 2028?
  • What will be the impact of COVID 19 on PVDC shrink bags market?
  • Which is the most preferred product type for PVDC shrink bags in the global market?
  • Which region will remain most lucrative for market growth?
  • Which application holds maximum market share in the global PVDC shrink bags market?
  • Who are major key players in the PVDC shrink bags market?

Key indicators associated with the PVDC shrink bags market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global PVDC shrink bags market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of PVDC shrink bags. Furthermore, forecast factors and forecast scenarios of the PVDC shrink bags market have been covered in the report to understand future prospects of the market.

A comprehensive evaluation and forecast on the PVDC shrink bags market are provided on the product type, application and region.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The PVDC shrink bags market is analyzed at both regional and country levels.

The report delivers an exhaustive assessment on the structure of the PVDC shrink bags market, in tandem with a dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of PVDC shrink bags manufacturers by leveraging an intensity map. It also highlights key end users for PVDC shrink bags.

The report includes company overview of key players. Some of the key companies profiled in the PVDC shrink bags market report include Amcor Plc, Sealed Air Corporation, Schur Flexibles Holding GesmbH, ALLFO Vakuumverpackungen, Vacpak (HongKong) Co., Limited, Sunrise Packaging Material (Jiangyin) Co., Ltd, Green Packaging Material (Jiangyin) Co.,Ltd, Hanxhosa (Suzhou) Limited Company, Astar Packaging Pte Ltd and Shuanghui Group

Research Methodology

A realistic methodology, along with a holistic approach makes the base for sharp insights, which are provided in the PVDC shrink bags market for the study evaluation period. The TMR report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.

Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the PVDC shrink bags market. The report has further gone through a cross-validation by in-house professionals to make the PVDC shrink bags market report one-of-its-kind, with the highest credibility.

PVDC Shrink Bags Market: Segmentation

The global PVDC shrink bags market has been bifurcated on the basis of product type, application and region. Each of these segments are analyzed to provide readers with holistic view of the market.

Product Type

  • Round Bottom Sealed Shrink bags
  • Straight Bottom Sealed Shrink bags
  • Side Sealed Shrink bags

Application

  • Fresh Meat
    • Beef
    • Pork
    • Lamb
  • Processed Meat
    • Ham
    • Cooked Sausages
  • Poultry
    • Fresh
    • Frozen
  • Seafood
    • Fish
    • Octopus
    • Shrimps
    • Crabs

Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa

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