Shrink Bands Market Analysis

Global shrink bands market is expected to grow significantly during the forecast period due to increase in the demand for beverage packaging. Shrink bands are one of the most cost effective tamper evident solutions available in the market. They can be applied manually on the caps neck or cover of container and can be sealed by using heat gun for shrinking. Manufacturers of such type of consumable products are looking for providing shrink bands to consumers which are cost effective with good tamper evident properties. In addition, shrink bands manufacturers are trying to provide light weight and biodegradable packaging solutions which are nowadays in traction. Furthermore, manufacturers are also using shrink bands for advertisement of the brand for which the product is being made. Moreover, due to strict norms or regulations related to the usage of plastic in packaging is hampering the market for shrink bands to a certain extend.

Global Shrink Bands - Market Segmentation:

The global shrink bands market can be segmented by material type, product type, and by application.

Global Shrink Bands Market – Regional Overview:

The market of shrink bands in North America region is expected to dominate during the forecast period 2017-2025. This market for shrink bands is then followed by Asia-Pacific and Europe as second and third most favourable market. The Middle East & Africa and Latin America region are also anticipated to witness substantial growth due to the need for shrink bands for beverage packaging on a large extent in these regions.

Global Shrink Bands Market – Key players:

Few of the key players in the shrink bands market are CCL Industries Inc, Klockner Pentaplast, Consolidated Label Co., Aaron Packaging, Inc., Ameri-Seal, Inc., Traco Manufacturing Inc., Kaufman Container Company, Navkar Plastipack Private Limited, Simida Packaging Co., Ltd., Zhongbao Color Plastic Industrial Co., Ltd., Impact Sleeves, etc.

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