This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

VCI Shrink Films Market

VCI Shrink Films Market by Film Thickness (Below 25 micron, 25 to 100 microns, 100 to 200 microns, Above 200 microns), End Use Industry (Mining and Metallurgy, Electronic & Electrical, Automotive, Transport & Logistic, Aerospace, Agriculture) & Region Forecast till 2032

Market Insights on VCI Shrink Films covering sales outlook, demand forecast & up-to-date key trends

VCI Shrink Films Market Overview

The global volatile corrosion inhibitor (VCI) shrink films market is estimated to exhibit growth at a healthy CAGR of around 5% to 6% during the forecast period 2022-2032. Surging adoption of protective films for wrapping expensive metal products, tools, machineries, and others across diverse industries is expected to bolster the demand for VCI shrink films in the global market.

Report Attribute

Details

VCI Shrink Films Market Projected Growth Rate (2022-2032)

5% to 6% CAGR

VCI shrink films, commonly known as VCI shrink wraps, are clear films comprising transparent and volatile corrosion inhibitor molecules that assist in protecting metal surfaces from external factors, such as corrosion. These films can be used for ferrous, non-ferrous, and multi-metal for protection and are available in a wide range of sizes in sheets, rolls, and bags & tubing formats.

VCI shrink films are primarily made of low-density polyethylene (LDPE) and are used to protect metal components against rust, contamination, and corrosion. Active substance such as volatile corrosion inhibitors in VCI shrink films penetrate into cavities and creates a protective atmosphere against corrosion.

One of the factors largely facilitating the sales of VCI shrink films is the introduction of novel sustainable and environment-friendly films that are made of nitrite-free materials. In addition to this, these films are gaining huge traction across various industries such as mining and metallurgy, automotive, aerospace, and agriculture among others, owing to their high protective attributes, ease of use, suitability for manual as well as automatic packaging, and eco-friendliness. This is anticipated to augment the demand for VCI shrink films in the global market.

Which are Some Prominent Drivers Spearheading VCI Shrink Films Market Growth?

VCI shrink films are designed to provide long-term protection for metallic parts made of various metals such as iron & steel, copper, brass, tin, zinc & zinc galvanized, bronze, and nickel from corrosion during manufacturing, storage, and transit. Also, these films have favorable characteristics such as excellent clarity, ultraviolet (UV) stability, cross-laminated, and cling properties, which eliminate the need for additional cleaning and degreasing to metal parts covered with this films.

Attributed to this, VCI shrink films are finding a wide range of applications across transport & logistic sectors for storage and transportation of metal parts. They are extensively being used in centerfold sheeting, case liners and covers, lock-tip bags, single wound sheeting, elasticated bags, tubing, flat gusseted bags, and others, thereby, creating strong demand in the market.

Hence, leading players are emphasizing on developing novel shrink wrapping films with innovative features such as flame retardant and anti-static properties to capitalize on the surging demand. Some of the manufacturers are also aiming at providing customized VCI shrink films as per the end use and application need. This is projected to accelerate the sales of VCI shrink films in the global market over the forthcoming years.

Customize this Report

Let us know your requirement to get
100% FREE customization

What are the Challenges Faced by the VCI Shrink Films Market?

Although there are several advantages associated with the use of VCI shrink films, factors such as high cost of these shrink films and increasing availability of other low-cost substitutes are hindering the sales in the market.

In addition to this, the implementation of several stringent regulations and norms regarding the use of plastics across North America, Asia Pacific, and Europe, due to rising environmental concerns are restraining the growth in the global VCI shrink films market.

Why is North America Emerging as an Opportunistic VCI Shrink Films Market?

As per FMI, North America is estimated to exhibit growth at a rapid CAGR in the global VCI shrink films market during the forecast period 2022-2032.

Demand for VCI shrink films is increasing at a rapid pace, owing to increasing application in storage and transportation sector. These VCI films do not affect physical surface properties and eliminate the need for wiping, spraying, surface preparation, or dipping along with securely wrapping irregularly shaped products that are difficult to wrap. Attributed to this, these shrink films are increasingly being used for wrapping electronic and electric metal goods, machineries, metallurgy equipment, and others.

Hence, key manufacturers are focusing on launching novel products with innovative features to capitalize on the surging demand. For instance, in 2018, Daubert Cromwell, a U.S.-based manufacturer of protective packaging films announced introducing a new environment-friendly Clear Pak® BIO VCI Film, designed to protect ferrous metals from corrosion, using advanced VCI chemistry derived from plant extracts that are amine-free, nitrite-free, and non-toxic. A slew of such new product launches is expected to favor the sales in the North America market.

Ismail Sutaria
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

How is Western Europe Contributing to the Growth of the VCI Shrink Films Market?

Future Market Insights states that Western Europe is anticipated to account for a significant share in the global VCI shrink films market from 2022 to 2032.

A swift rise in import and export of automobiles and automotive goods are being witnessed across the countries such as Germany, the U.K., France, and others, creating strong demand for metal wrapping films.

According to a report by the Observatory of Economic Complexity, nearly US$ 123 Bn worth of automotive vehicles, including passenger cars and commercial vehicles, and US$ 54.6 Bn valued automobile parts were exported by Germany in the year 2020. As VCI shrink films are extensively being used for wrapping automotive vehicles and automobile parts for protecting them from corrosion and other external factors, such rise in exports is projected to bolster the demand in the Western Europe market.

Market Competition

Some of the leading players in the VCI shrink films market are Superior Industries, Inc., MAGNA INTERNATIONAL PTE LTD., Cortec Corporation, Aicello Corporation, Daubert Cromwell, Inc., MetPro Group, Harita-NTI Ltd., BRANOpac GmbH, Propagroup, and others.

Prominent players in the global VCI shrink films market are aiming at launching sustainable   products and capacity expansion to gain edge in the highly competitive market.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5% to 6% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Film Thickness
  • End Use Industry
  • Region

Countries Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa

Key Companies Profiled

  • Superior Industries, Inc.
  • MAGNA INTERNATIONAL PTE LTD.
  • Cortec Corporation
  • Aicello Corporation
  • Daubert Cromwell, Inc.
  • MetPro Group
  • Harita-NTI Ltd.
  • BRANOpac GmbH
  • Propagroup
  • Others

Customization

Available Upon Request

Key Segments Profiled in the VCI Shrink Films Market Survey

By Film Thickness:

  • Below 25 micron
  • 25 to 100 microns
  • 100 to 200 microns
  • Above 200 microns

By End Use Industry:

  • Mining and Metallurgy
  • Electronic & Electrical
  • Automotive
  • Transport & Logistic
  • Aerospace
  • Agriculture
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the sales of VCI shrink films in the market is expected to rise at 5% to 6% value CAGR by 2032.

The global VCI shrink films market is anticipated to be dominated by North America over the forecast period 2022-2032.

Superior Industries, Inc., MAGNA INTERNATIONAL PTE LTD., Cortec Corporation, Aicello Corporation, Daubert Cromwell, Inc., MetPro Group, Harita-NTI Ltd., BRANOpac GmbH, Propagroup, and others some of the leading players in the global VCI shrink films market.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Ismail Sutaria
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst
List of Charts

NA

Need specific information?

Request Customization

Explore Packaging Insights

View Reports
Google translate

VCI Shrink Films Market