Rapid growth in the food and beverage (F&B) sector is the key driver for the growth of this shrink packaging market.

Market research future published a half-cooked research report on Global Shrink Packaging Market that contains the information from 2017 to 2023. Global shrink packaging market is expected to grow with the CAGR of approximately 4.8% from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Shrink Packaging Market Information from 2017 to 2023"

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Shrink packaging is the process in which sheets of transparent plastic film are wrapped around a product to form a solid, weather-resistant packaging layer. Rapid growth in the food and beverage (F&B) sector is the key driver for the growth of this market. Rising sale of retail items coupled with increasing e- e-commerce sales is also fuelling the growth of the market.

The global shrink packaging market is projected to grow at a CAGR of 4.8% during the forecast period.

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Asia-Pacific Region Dominates The Global Shrink Packaging Market

On the basis of regions, global shrink packaging market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific dominates the global shrink packaging market. It is expected to be the fastest growing region for the market. Rapid growth in food and beverage industry in this region driving the growth of the market. Increasing demand for consumer goods in the region mainly due to high population is also fuelling the growth of the market. Additionally, availability of raw materials and low labor cost are the factors have the positive influence on the growth of the market.

North America is also expected to contribute significantly during the forecast period. Increased consumption of beverages fuelling the growth of the market.

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The prominent players in the Shrink packaging market include Deufol SE (Germany), Dow Chemical Company (U.S.), Aakriti Packaging (India), Amcor Ltd (Australia), Bonset America Corporation (U.S.), American Eagle Packaging Corporation (U.S), Bemis Company, Inc. (U.S.), Berry Global, Inc (U.S.), Printpack Incorporated (U.S.), and others.

“This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.”

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