Barrier Shrink Bags Market

Barrier Shrink Bags Market: Food Application Segment to Hold over 95% Value Share Through 2027: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

  • 2017-11-17
  • REP-GB-5613
  • 343 pages
  • PDF PPT EXCEL
 Barrier Shrink Bags Market

An Incisive, In-depth Analysis on the Barrier Shrink Bags Market

This study offers a comprehensive, 360 degree analysis on the Barrier Shrink Bags market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Barrier Shrink Bags market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Increasing demand for barrier shrink bags to be observed in the coming years

Among the different kinds of packaging that is available today, barrier shrink bags offer a lot more than just packaging. These bags offer more hygiene and also an extended shelf life to the stored products. Barrier shrink bags are more popular in the food industry and there has been an increase in demand owing to the inherent product features. With the development of economies in various regions and increase in disposable income with the middle class, people are focussing more on hygiene, food safety and quality of products. Also, people are demanding more of ready-to-use products, which is driving the growth of packed, ready-to-cook as well as ready-to-eat products across the globe. These factors are likely to boost demand for barrier shrink bags across the food industry globally.

Food segment anticipated to grow at the highest CAGR in the global barrier shrink bags market

The food segment in the global barrier shrink bags market currently holds the maximum value share, i.e. 98.4%. The food segment is expected to continue leading the global market for barrier shrink bags and will drive the overall growth of the global barrier shrink bags market largely due to a boom in the meat and poultry market. Meat is expected to reach a market value of around US$ 1,593 Mn by the end of 2027. It is followed by the cheese and dairy products segment that is anticipated to reach a market value of just under US$ 640 Mn by the end of the forecast period in 2027.

The market value forecast for the other segments based on application reveal the following statistics

  • Electronics industry is estimated to account for about 0.2% market share of the global barrier shrink bags market and is expected to grow at 3.5% CAGR over the forecast period.

  • Cosmetic and personal care segment is expected to lose 10 BPS in market share in 2027 over 2017 and it is expected to grow at a CAGR of 2.9% during the forecast period.

  • Homecare industry is expected to account for 0.2% market share in 2017, and is expected to expand at a CAGR of 2.7% during the forecast period.

  • Industrial segment is estimated to account for 0.3% of the global market share in 2017 and is expected to expand at a CAGR of 3.1% during the forecast period.

North America to be the most lucrative market for barrier shrink bags

North America is expected to lead the global barrier shrink bags market in 2017, as it has the biggest market for meat and poultry in the region. North America currently has the highest concentration of barrier shrink bag manufacturers and the region’s market is expected to grow at a robust CAGR of 6.5%. Usage of barrier shrink bags in the food sector is estimated to account for a market share of 98.5% in the North America barrier shrink bags market in 2017. APEJ is expected to witness rapid growth in the global barrier shrink bags market over the forecast period owing to rapid innovation in the packaging industry across the region. The region is expected to grow at a CAGR of 6.9% over the forecast period and is projected to register the second highest growth of 90 BPS between 2017 and 2027. The region represents lucrative growth opportunities for barrier shrink bags due to the concentration of developing as well as mature markets.

An in-depth research report that provides the most accurate analysis of the global barrier shrink bags market

A new research report by Future Market Insights provides a brief of the global barrier shrink bags market scenario. The report is titled ‘Barrier Shrink Bags Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027’ and includes global as well as regional analysis of the market. This comprehensive research report presents drivers boosting market growth, trends governing the market, and also the restraints that are limiting the growth of the global barrier shrink bags market. An important aspect of the market covered in the report is the growth rate of the global barrier shrink bags market along with a Y-o-Y comparison of the market value and the pricing analysis.

The research report is created in a way that it presents even the most complex details of the market in the simplest manner possible. It helps key stakeholders understand the market growth during the forecast period, utilize the opportunities that are available to them during the said period of study and expand their businesses based on the current trends driving the market.

Segmentation of the Global Barrier Shrink Bags Market

By Product Type

By Material Type

By Barrier Type

By Thickness

 

By Application

By Abuse Strength

By Region

  • Round Bottom Sealed

  • Straight Bottom Sealed

  • Side Sealed

  • Polyethylene

    • HDPE

    • LLDPE

    • LDPE

  • Polypropylene

  • BOPET

  • Polyamide

  • EVOH

  • PVDC

  • Others

  • Low Barrier

  • High Barrier

  • Ultra Barrier

  • Up to 50 microns

  • 50 to 70 microns

  • 70 to 90 microns

  • 90 to 110 microns

  • Above 110 microns

  • Food

    • Meat

    • Seafood

    • Poultry

    • Cheese & Dairy Products

    • Other Foods

  • Electronics

  • Cosmetic & Personal Care

  • Homecare

  • Healthcare

  • Industrial

  • Others

  • High Abuse

  • Low Abuse

  • North America

  • APEJ

  • Western Europe

  • Eastern Europe

  • Latin America

  • MEA

  • Japan

Report structure and methodology

The research report is given a systematic structure to maintain the overall story flow. It begins with a summary of the research conducted, which includes the main outcomes of the report including the global market’s CAGR and market size during the forecast period. This is followed by the basic definition, introduction and taxonomy of the market which builds a base for reader understanding. Further the report features a brief market scenario for each segment and the various sub segments. These segments simplify the global market by breaking down the market into smaller parts and this also contributes to the accuracy of the final data generated. The report’s concluding section includes brief profiles of some of the key players operational in the global barrier shrink bags market and highlights their current progress in the market and also future growth and expansion plans. This competitive analysis of the market helps the existing businesses as well as new entrants in the global barrier shrink bag market to strategize an appropriate market growth plan.

The whole research program is underpinned by in-depth primary and secondary research conducted by the team of Future Market Insights analysts. To give it the right kind of touch and feel, the report also includes critical market data gathered by interviewing various industry experts and extracting information from different secondary sources such as annual reports, press releases, white papers, and other publications of companies.

Barrier Shrink Bags Market Reports - Table of Contents

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Akshay Godge

Client Partner - Global Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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