Shrink Film for Beverage Multipacks' market revenue was 1631 million dollars in 2021 and is expected to reach 1750 million dollars in 2027, with a CAGR of 4.2 percent between 2022 and 2027.
Shrink Film for Beverage Multipacks Market Overview
Multipacks are commonly used to wrap a collection of many containers or bottles together so that they can be sold as a single unit. They are used in the packaging of a variety of containers, including alcoholic beverages, soft drinks, and dairy goods of various shapes and sizes. This sort of packaging also helps to protect the environment by decreasing the usage of plastic, which drives up demand for shrink films for beverage multipack applications. Established as well as smaller rising firms govern and control this market. Shrink film for beverage multipacks comes in three different application forms: can, bottle, and brick. Due to the ongoing development in demand for mineral water and carbonated soft drinks, water and carbonated soft drinks are the most significant contributors to overall shrink film packaging demand. Various bottle wrapping patterns have also been produced, which has aided in the market's expansion. Soft drinks and water are commonly packaged in bottles, followed by shrink film for secondary packaging.
The industrial development in North America is all set to drive the demand of shrink film for beverage multipacks materials. Major players involved in this market are mainly concentrating on R&D initiatives and new product developments to cater the needs of customers. Moreover, booming petrochemical industry will directly impact the demand of the shrink film for beverage multipacks over the foreseeable period.
Who are the Major Players in the Shrink Film for Beverage Multipacks Market?
The global Shrink Film for Beverage Multipacks includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Ceisa Packaging, Muraplast, Genuine Package Venture, Litong Packing Material, Vishakha Polyfab, Siva, Chau-fu Plastics, Bogucki Folie, Clondalkin Group, Vinyl Plast, Coveris Holdings, BPI Europe, SyfanUSA, Tri-Cor Flexible Packaging, Bemis Company, RKW, POLIFilm, Masterpak, Sri Chakra Poly Wraps, Brentwood Plastics, AEP and others.
Industry News and Updates:
Oct. 27, 2020: Dow introduces its first recycled plastic resin for shrink film applications in North America-- Dow (NYSE:DOW) today introduced its first post-consumer recycled (PCR)-rich resin for collation shrink film in North America, enabling companies to incorporate more post-consumer materials while maintaining the application performance. The recycled plastic resin, which is designed specifically for retail and logistic shrink film applications, expands Dow’s circular technology portfolio to help more customers and brands achieve their sustainability goals by offering the ability to create shrink film with up to 40% PCR content.
December 7, 2020: Amcor launches first recyclable shrink bag for meat and cheese--
Amcor, a global leader in packaging, has today launched Eco-Tite® R in Europe, the first designed to be recycled, PVDC-free shrink bag for fresh and processed meat, poultry and some cheeses.
What are the major Applications, Types and Regions for Shrink Film for Beverage Multipacks Market?
Shrink Film for Beverage Multipacks Market is segmented based on the type, applications, companies and regions.
Shrink Film for Beverage Multipacks Market has been segmented into By Type
- Printed Shrink Film
- Unprinted Shrink Film
Shrink Film for Beverage Multipacks Market has been segmented into By Applications
- Beer
- Water
- Carbonated Soft Drinks (CSD)
- Others
Shrink Film for Beverage Multipacks Market Regional Analysis:
The report offers in-depth assessment of the growth and other aspects of the Shrink Film for Beverage Multipacks Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The global shrink film for beverage multipacks market was dominated by North America. Shrink film for beverage multipacks materials will be in high demand in this region as a result of the region's industrial development. To meet the needs of customers, major companies in this market are focusing on R&D activities and new product advancements. Furthermore, the rising petrochemical industry will have a direct impact on shrink film demand for beverage multipacks in the near future.
Shrink film for beverage multipacks is expected to have the largest market share in Europe in 2020, and it is also expected to have the highest market share by 2027. During the projected period, both Europe and the Americas are expected to continue to grow at a significant rate. During the projection period, the APAC region is expected to be the fastest expanding market. Shrink film market is driven by rising demand for attractive packaging in the beverage industry, as well as increased sales of multi-bottle packages.
What is our Shrink Film for Beverage Multipacks Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 7.4% over the forecast period (2022-2027)
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By Type
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- Printed Shrink Film
- Unprinted Shrink Film
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By Application
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- Beer
- Water
- Carbonated Soft Drinks (CSD)
- Others
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By Companies
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Ceisa Packaging, Muraplast, Genuine Package Venture, Litong Packing Material, Vishakha Polyfab, Siva, Chau-fu Plastics, Bogucki Folie, Clondalkin Group, Vinyl Plast, Coveris Holdings, BPI Europe, SyfanUSA, Tri-Cor Flexible Packaging, Bemis Company, RKW, POLIFilm, Masterpak, Sri Chakra Poly Wraps, Brentwood Plastics, AEP
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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116
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Shrink Film for Beverage Multipacks Report
- Evaluate Shrink Film for Beverage Multipacks market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Shrink Film for Beverage Multipacks market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Shrink Film for Beverage Multipacks Market?
The Shrink Film for Beverage Multipacks Market is growing at a CAGR of 7.4% over the next 5 years.
Who are the key players in Shrink Film for Beverage Multipacks Market?
Ceisa Packaging, Muraplast, Genuine Package Venture, Litong Packing Material, Vishakha Polyfab, Siva, Chau-fu Plastics, Bogucki Folie, Clondalkin Group, Vinyl Plast, Coveris Holdings, BPI Europe, SyfanUSA, Tri-Cor Flexible Packaging, Bemis Company, RKW, POLIFilm, Masterpak, Sri Chakra Poly Wraps, Brentwood Plastics, AEP
What are the significant types of Shrink Film for Beverage Multipacks Market?
Printed Shrink Film, Unprinted Shrink Film
What are the major end-use applications of Shrink Film for Beverage Multipacks Market?
Beer, Water, Carbonated Soft Drinks (CSD), Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
