PVC Shrink Film Market to Witness Robust Growth by 2026

Stratview Research has published a new report titled “PVC Shrink Film Market” which is segmented By Thickness (<15 Micron Thickness, 15-20 Micron Thickness, 20-30 Micron Thickness, >30 Micron Thickness), End-Use Industry (Food and Beverages, Industrial Packaging, Pharmaceutical, Consumer Goods, Others), and Region.

As per the study, the growth of the PVC shrink film market is driven by widespread use in various industries including packaging, food & beverages, and pharmaceuticals among others. Significant growth of the consumer goods industry is expected to bolster the market growth at a substantial rate during the review period. Moreover, increasing consumption of packaged products is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on the end-use industry, the market has been segmented into food and beverages, industrial packaging, pharmaceutical, consumer goods, and others. Among these, the food & beverage segment accounted for the largest market share in 2020 and is expected to propel the market growth at a significant rate during the review period. The segment growth can be attributed to the increasing consumption of packaged food products.

The market in the Asia-Pacific region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to expanding growth of the food & beverage, packaging, and pharmaceutical industries in developing countries, particularly China and India. The market in North America and European regions is expected to be driven by widespread consumption of packaged food products and the established presence of the pharmaceuticals industry.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the PVC Shrink Film Market:

·         S Kempner Ltd (UK)

·         Industrial Packaging (US)

·         Kite Packaging Ltd (UK)

·         Gujarat Packaging Industries (India)

·         Pinpak (Australia)

·         Traco Manufacturing, Inc. (US)

·         Risen Polyplast (India)

·         Allen Plastic Industries Co., Ltd. (India).

Key questions answered by the report

-          What is the projected CAGR for revenue from the PVC Shrink Film Market during the forecast period?

-          What would be the market be valued at by 2026?

-          What is a major driving factor for growth of the market?

-          Which region accounted for largest revenue share in the PVC Shrink Film Market?

-          Which are the major market players?

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