#Shrink #Film #Market #Size #Worth #Billion
Portland, OR, Oct. 27, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global shrink film market was estimated at $4.7 billion in 2021 and is expected to hit $8.0 billion by 2031, registering a CAGR of 5.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. The report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.
Download Sample PDF (538 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/31856
Report Coverage & Details:
Report Coverage | Details |
Forecast Period | 2022–2031 |
Base Year | 2021 |
Market Size in 2021 | $4.7 Billion |
Market Size in 2031 | $8.0 Billion |
CAGR | 5.4% |
No. of Pages in Report | 538 |
Segments Covered | Packaging Application, End-use, Material Type, Thickness, and Region. |
Drivers | Increase in ready-to-eat food products in the developed and developing countries |
Opportunities | Developments in the healthcare and pharmaceutical manufacturing industries where shrink films are used for packing healthcare and medicine products |
Restraints | Rise in use of bio-based food packaging |
Covid-19 Scenario-
- Surge in the demand for fast food and increase in awareness among people regarding the importance of proper packaging of food materials during the outbreak impacted the global shrink films market positively.
- This trend is on the go even after the pandemic is almost gone.
The global shrink film market is analyzed across packaging application, end-use, material type, thickness, and region. The report takes in a detailed analysis of the segments and their sub-segments with the help of tabular and graphical…
Read on GNW: Shrink Film Market Size Worth $8.0 Billion by 2031