United States Eco-friendly Shrink Wrap Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The demand for eco-friendly shrink wrap is rapidly growing in Europe as industries seek sustainable packaging solutions. With increasing pressure to reduce plastic waste and carbon footprints, eco-friendly shrink wrap offers a viable alternative to traditional plastic materials. This shift toward environmentally responsible packaging is driven by both consumer preferences and regulatory frameworks that emphasize sustainability. As a result, the Europe eco-friendly shrink wrap market is seeing significant growth, with various industries adopting these innovative solutions.
Eco-friendly shrink wrap is primarily used in packaging products across multiple sectors, including food and beverages, pharmaceuticals, and retail. The food and beverage industry, for instance, requires packaging that not only preserves freshness but is also safe for the environment. Eco-friendly shrink wraps are made from biodegradable or recyclable materials such as polyethylene (PE) or polyvinyl alcohol (PVOH), ensuring minimal environmental impact when disposed of. These wraps also offer the same protection and durability as traditional plastic wraps but with the added benefit of reducing landfill waste.
In the pharmaceutical industry, packaging is critical to maintain product integrity and compliance with regulations. Eco-friendly shrink wrap meets these requirements by offering tamper-evident and secure packaging solutions. With an increasing focus on sustainability, pharmaceutical companies are moving toward eco-friendly materials to align with global sustainability goals.
The retail sector also contributes to the demand for eco-friendly shrink wrap. As consumers become more conscious of their environmental impact, retailers are responding by using sustainable packaging for their products. Eco-friendly shrink wrap not only appeals to environmentally-conscious consumers but also helps brands build trust and credibility with their audience.
As industries continue to prioritize sustainability, the Europe eco-friendly shrink wrap market is expected to expand further. Manufacturers are constantly innovating, creating wraps that are stronger, more durable, and even more eco-friendly than ever before. This growing trend indicates a promising future for eco-friendly shrink wrap in various industries, aligning business practices with environmental responsibility.
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BASF SE
Kingfa Sci. and Tech
Amcor
International Paper Company
Mondi Group
Smurfit Kappa Group
Greenpack
Biopak
Treetop Biopak
Berkley International
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Eco-friendly Shrink Wrap Market
Biodegradable Polyethylene
Plant-Based Films
Recycled Polypropylene
Compostable Films
PVC-free Materials
Food Packaging
Consumer Goods
Pharmaceuticals
Electronics
Textiles
Roll Bags
Pre-formed Bags
Custom Shapes and Sizes
Sleeves
Flat Film
Lightweight (up to 50 microns)
Medium (51 to 100 microns)
Heavy Duty (over 100 microns)
Ultra-thin (below 30 microns)
Food and Beverage
Automotive
Personal Care Products
Construction Materials
Retail and E-commerce
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Eco-friendly Shrink Wrap Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Eco-friendly Shrink Wrap Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Eco-friendly Shrink Wrap Market, By Type
6. US Eco-friendly Shrink Wrap Market, By Application
7. US Eco-friendly Shrink Wrap Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Eco-friendly Shrink Wrap Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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