The shrink plastic film market for beverage multipacks market for beverage multipacks is projected to grow at a CAGR of 3.5% during the forecast period.” According to us, the global shrink plastic film market for beverage multipacks
market for beverage multipacks size is estimated to be valued at USD 2.5
billion in 2020 and projected to reach USD 3.0 billion by 2025, recording a
CAGR 3.5%. Factors such as the growing concern of hygiene and the safety of
beverages are going to be the driving factor for the shrink plastic film market
for beverage multipacks. Especially post-COVID, the concern for safety and
hygiene of products has been increased among both the consumers and
manufacturers, which is creating a rise in the demand for shrink plastic film
market for beverage multipacks in the market.
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“By type, the unprinted segment is projected to grow at the highest CAGR during
the forecast period.”
The unprinted type of shrink film is the cost-effective option as compared to
the printed one. The unprinted shrink plastic films are low in cost and more
versatile uses. Shrink plastic films are used for securing the packs. The transparent
sheets provide a better look at the product inside. It is also affordable for
SMEs, thereby is having popularity in the developing markets.
The unprinted shrink plastic films are used for the products made for
transportation purposes rather than retail shelf display. It secures the
products from getting damaged and contaminated from foreign sources.
“By multipack size, the 4×2 size segment is estimated to account for the
largest share.”
The 4×2 size is most common as the demand for cans and bottles for soft drinks
and beers are increasing. It is most favorable for transportation also. Many
high end, craft beer, and soft drinks use this arrangement to sell the
products, where consumers are likely to buy in bulk. Therefore, the demand for
4×2 size of shrink wrap is there. With the increase in the demand for
beverages, companies are packing higher volume; therefore, the size 4×3 is
fastest growing in shrink plastic films market for beverage multipacks.
“The Asia Pacific region is projected to grow at the highest CAGR during the
forecast period.”
The increase in the production of packaging applications in such a way has led
to a rise in the market potential for shrink plastic films for packaging. The
increase in the purchasing power of millennial consumers has added the
potential in the market, too, for shrink plastic films. Developed markets such
as North America and Western Europe are becoming mature, which has led to
faster growth in emerging markets such as Asia Pacific. Furthermore, the
changing consumer preference in the food & beverage industry has
contributed to the growth of the shrink plastic film market for beverage
multipacks market in this region.
The shrink plastic film market for beverage multipacks market is segmented
region-wise, with a detailed analysis of each region. These regions include
Asia Pacific, North America, Europe, South America, and RoW (South Africa, the
Middle East, and Others in Africa).
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Leading players profiled in this report include the following:
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Research Coverage
This report segments the shrink plastic film market for beverage multipacks
market based on type, application, multipack size, container type, and region.
In terms of insights, this research report focuses on various levels of
analyses?competitive landscape, pricing insights, end-use analysis, and company
profiles?which together comprise and discuss the basic views on the emerging
& high-growth segments of the shrink plastic film market for beverage
multipacks market, high-growth regions, countries, industry trends, drivers,
restraints, opportunities, and challenges.