Plastic shrink wrap, also known as shrink film or shrink wrap, is a versatile packaging material widely used for bundling and protecting products during transportation and storage. It is a plastic film that, when exposed to heat, shrinks tightly around the items it covers. Here are key aspects related to plastic shrink wrap:
The plastic shrink wrap market is anticipated to expand its roots at an average CAGR of 4.1% between 2023 and 2033. The market is expected to have a market of US$ 4.67 billion by 2033 while it is likely to be valued at US$ 3.13 billion in 2023
The rising demand for flexible packaging that covers the maximum area possible is adding value to the market. It is designed to carry a shrink-wrap bag. Furthermore, the usage of it to secure lids and caps is also garnering the attention of manufacturers and packagers.
The new opportunities with expanding e-commerce and regular maintenance are likely to garner market growth. They are temperamental with different ranges of temperatures, forming brittleness when too cold.
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Key aspects related to plastic shrink wrap:
- Material Composition:
- Plastic shrink wrap is typically made from materials such as polyolefin or PVC (polyvinyl chloride). These materials provide durability, transparency, and flexibility.
- Shrinking Process:
- The shrink wrap application involves exposing the material to heat, causing it to shrink and conform tightly to the contours of the items it covers. This is often done using a heat gun or a shrink tunnel in industrial settings.
- Types of Shrink Wrap:
- There are different types of shrink wrap available, including centerfold shrink wrap, shrink bags, and shrink tubing. Each type is suitable for specific packaging applications.
- Applications:
- Plastic shrink wrap is used in various industries for packaging a wide range of products. Common applications include packaging individual items, creating multi-packs, bundling products together, and protecting items from dust, moisture, and tampering.
- Product Protection:
- Shrink wrap provides a protective barrier for products, safeguarding them from environmental elements, handling, and potential damage during transportation. It helps maintain the integrity and appearance of packaged goods.
Market Trends
The surge in the demand for packaged food items, fueled by significant shifts in lifestyles, has led to an increased reliance on plastic shrink wrap packaging across various industries. Notably, plastic shrink wraps crafted from polyolefin are recyclable, offering a sustainable solution, and provide a convenient surface for companies to print essential information.
The versatility of plastic shrink wraps extends to their printability, allowing high-quality graphics that captivate consumers’ attention easily. This printability not only enhances visual appeal but also adds a glossy finish, elevating the overall appearance of the packaged products. Moreover, the cost-effectiveness, environmental friendliness, and strong shelf appeal of plastic shrink wraps make them a preferred choice.
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Competitive Landscape
The key vendors focus on sustainable material and 100% recyclable products. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- Amcor plc has introduced a broad range of shrinkable thermoforming films that come with the adapted barrier and sealing properties for dairy. The product comes with high O2 barrier to enhance the shelf life.
- J K Polyfilm has launched the lope shrink film, heat shrink film, shrink wrap film, and VCI film.
Key Players Profiled in the Plastic Shrink Wrap Market
- Amcor plc
- International Plastics Inc.
- Intertape Polymer Group Inc.
- J K Polyfilm
- Coveris Holdings sa
- Clondalkin Group
- CeisaSemo
- Clondalkin Group
- RKW Group
- Berry Global Inc.
- PlastotecnicaSpA
- Clearpack group
- Baroda Packaging
- Brentwood Plastic, Inc.
- Aintree Plastics Limited
- Elite Plastics Ltd.
Key Segments Covered
By Material:
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate Glycol (PETG)
- Oriented Polystyrene (OPS)
By Application:
- Neck Banding
- Shrink Sleeves
- Shrink Bundling
- Wrapping
- Others
By Pattern:
- Floral
- Abstract
- Geometric
- Striped
- Checkered
- Modern
- Paisley
- Character
- Solid
- Ornament
- Polka Dot
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