The VCI shrink film market is expected to skyrocket with a projected CAGR of 4.50%. By 2034, this market is expected to reach a whopping US$ 154.6 million, marking a remarkable surge from its current valuation of US$ 99.5 million as of 2024. It's time to buckle up and witness the meteoric rise of this market!
Investment Opportunities for Key Players
Attributes | Details |
---|---|
VCI Shrink Film Market Size, 2024 | US$ 99.5 million |
Market Size, 2034 | US$ 154.6 million |
Value CAGR (2024 to 2034) | 4.50% |
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Drivers |
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Challenges |
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Attributes | Details |
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Material | PE |
Market share in 2024 | 67.5% |
The properties of good chemical resistance and excellent tensile strength are driving up the demand for PE material. Moreover, it is lightweight, flexible, and cost-effective compared to other materials. These properties make it an ideal material for packaging various products, including metal parts, automotive components, electronic goods, and food items.
Attributes | Details |
---|---|
End Use | Primary Metal |
Market Share in 2024 | 29.7% |
The primary metal industry is highly susceptible to corrosion. Raw metals are exposed to various environmental factors such as humidity, moisture, and saltwater during transportation and storage. Thus, manufacturers are increasingly using VCI shrink film. The use of this shrink film helps prevent corrosion and protect the metal surface, reducing the need for maintenance and replacement.
Countries | CAGR from 2024 to 2034 |
---|---|
United States | 2.9% |
China | 5.9% |
Germany | 2.4% |
Japan | 2.6% |
South Korea | 3.8% |
The CAGR of the VCI shrink film market for the forecast period in the United States is anticipated to be 2.9%. Some of the factors influencing the growth of the market in the country are:
The market is expected to register a CAGR of 5.9% in China through 2034. China is considered one of the largest manufacturing sectors in the world. With the growth of manufacturing industries, there is an increased need for high-quality packaging in recent years. Moreover, raising awareness of the importance of rust and corrosion prevention is anticipated to heighten demand for VCI shrink film in the region.
The VCI shrink film market is expected to progress at a CAGR of 2.4% in Germany for the forecast period. Some factors influencing this progress are:
The market is expected to progress at a CAGR of 2.6% in Japan throughout the forecast period. The rise of eCommerce has contributed to the growing demand for VCI shrink film in Japan. With more people opting for online shopping, there has been a surge in the number of products being shipped across the country, which has increased the need for reliable packaging solutions. Thus, these shrink films have emerged as a popular option for e-commerce businesses looking to ensure that their products reach customers in good condition.
The market is expected to progress at a CAGR of 3.8% in South Korea. Manufacturers of VCI shrink film are heavily investing in research and development activities to improve performance and product quality in South Korea. Moreover, producers are providing specialized films for specific applications to industries in the current period.
The VCI shrink film market is highly competitive, given the presence of significant number of players in the industry. To increase their market share and improve revenue, leading companies employ strategies like launching new products, investing in research and development, expanding facilities, and engaging in mergers, partnerships, acquisitions, and collaborations.
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Superior Industries, INC.
Superior Industries, Inc. is a leading manufacturer and supplier of innovative packaging solutions for a wide range of industries. Founded in 1983, the company has grown to become a trusted partner for businesses looking for high-quality and cost-effective packaging solutions. Superior Industries offers a comprehensive range of products, including industrial film, bags, liners, and specialty products. One of their most popular products is VCI shrink film, which is designed to protect metal parts and components from corrosion during storage and transportation.
Recent Development
Attribute | Details |
---|---|
Estimated Market Size (2024) | US$ 99.5 million |
Projected Market Size (2034) | US$ 154.6 million |
Anticipated Growth Rate (2024 to 2034) | 4.50% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | US$ million or billion for Value and Units for Volume |
Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Material and End Use |
Key Companies Profiled |
|
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is expected to develop at a CAGR of 4.50% from 2024 to 2034.
The market size is expected to be worth US$ 99.5 million in 2024.
The market is estimated to get as big as US$ 154.6 million by 2034.
The CAGR of the market in the United States from 2024 to 2034 is estimated to be 2.9%.
The CAGR of the market in China from 2024 to 2034 is estimated to be 5.9%.
The market can be divided into the following segments: material, end use, and region.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Manufacturer 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Film Thickness 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Film Thickness, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Film Thickness, 2024 to 2034 5.3.1. Below 25 micron 5.3.2. 26 to 100 microns 5.3.3. 101 to 200 microns 5.3.4. Above 201 microns 5.4. Y-o-Y Growth Trend Analysis By Film Thickness, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Film Thickness, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use Industry 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use Industry, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use Industry, 2024 to 2034 6.3.1. Mining and Metallurgy 6.3.2. Electronic & Electrical 6.3.3. Automotive 6.3.4. Transport & Logistic 6.3.5. Aerospace 6.3.6. Agriculture 6.3.7. Others 6.4. Y-o-Y Growth Trend Analysis By End Use Industry, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End Use Industry, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Film Thickness 8.2.3. By End Use Industry 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Film Thickness 8.3.3. By End Use Industry 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Film Thickness 9.2.3. By End Use Industry 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Film Thickness 9.3.3. By End Use Industry 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Film Thickness 10.2.3. By End Use Industry 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Film Thickness 10.3.3. By End Use Industry 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Film Thickness 11.2.3. By End Use Industry 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Film Thickness 11.3.3. By End Use Industry 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Film Thickness 12.2.3. By End Use Industry 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Film Thickness 12.3.3. By End Use Industry 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Film Thickness 13.2.3. By End Use Industry 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Film Thickness 13.3.3. By End Use Industry 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Film Thickness 14.2.3. By End Use Industry 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Film Thickness 14.3.3. By End Use Industry 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Film Thickness 15.1.2.2. By End Use Industry 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Film Thickness 15.2.2.2. By End Use Industry 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Film Thickness 15.3.2.2. By End Use Industry 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Film Thickness 15.4.2.2. By End Use Industry 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Film Thickness 15.5.2.2. By End Use Industry 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Film Thickness 15.6.2.2. By End Use Industry 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Film Thickness 15.7.2.2. By End Use Industry 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Film Thickness 15.8.2.2. By End Use Industry 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Film Thickness 15.9.2.2. By End Use Industry 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Film Thickness 15.10.2.2. By End Use Industry 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Film Thickness 15.11.2.2. By End Use Industry 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Film Thickness 15.12.2.2. By End Use Industry 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Film Thickness 15.13.2.2. By End Use Industry 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Film Thickness 15.14.2.2. By End Use Industry 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Film Thickness 15.15.2.2. By End Use Industry 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Film Thickness 15.16.2.2. By End Use Industry 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Film Thickness 15.17.2.2. By End Use Industry 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Film Thickness 15.18.2.2. By End Use Industry 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Film Thickness 15.19.2.2. By End Use Industry 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Film Thickness 15.20.2.2. By End Use Industry 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Film Thickness 15.21.2.2. By End Use Industry 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Film Thickness 15.22.2.2. By End Use Industry 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Film Thickness 15.23.2.2. By End Use Industry 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Film Thickness 16.3.3. By End Use Industry 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Superior Industries, Inc. 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. MAGNA INTERNATIONAL PTE LTD. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Cortec Corporation 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Aicello Corporation 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Daubert Cromwell, Inc. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. MetPro Group 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Harita-NTI Ltd. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. BRANOpac GmbH 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Propagroup 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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