Skin Packaging Market - Global Industry Analysis, Growth, Trends, and Forecast 2026

Skin packaging is used for packaging different types of food products such as fresh and processed meat, cheese, fish and seafood, poultry, snacks, and ready-to-eat meals. In the consumer and industrial goods segment, Skin Packaging is used to package aeronautical components, ball bearings, and electrical components. The capability of skin packs to protect products from harmful gases, humidity, humidity and mechanical hazards is expected to lead to the rise in their adoption over the forecast period.

Skin packs aid in retaining the flavor and quality of the products by prolonging the shelf life of the food products enclosed in it. Over the years, it has been witnessed that the demand for plastic based packaging is growing amongst the industrial consumers and buyers, owing to the rising popularity of plastic based packaging products, which are comparatively more flexible.

Furthermore, plastic packaging is gradually substituting glass and metal packaging (particularly for food products), which in turn is expected to fuel demand for skin plastic packaging products globally over the forecast period.

Global Skin Packaging Market: Segmentation

The global skin packaging market is segmented on the basis of type, base material, heat seal coating, application, and region

On the basis of type, the global skin packaging market is segmented into:

• Cared skin packaging
• Non-cared skin packaging

The global skin packaging market is segmented on the basis of base material as:

Plastic films

• Polyethylene
• PET
• PVC
• Others

Paper & paperboard

• White lined chipboard (WLC)
• Solid Beached Board (SBS)

Others

On the basis of heat seal coating, the global skin packaging market is segmented into:

• Water-based
• Solvent based
• Others

On the basis of application, the global skin packaging market is segmented into:

Food

• Meat, poultry & seafood
• Fresh produce
• Others

Consumer goods

• Toys & related goods
• Electrical components
• Electronic products
• Others

Industrial goods

• Tools
• Automotive parts
• Others

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Region wise, the global skin packaging market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA)

Global Skin Packaging Market: Drivers

The global skin packaging market has been growing in line with the growth in the food and packaging industries and the trend is expected to continue over the forecast period. Increasing production in the meat industry and the growing trend of convenience food, accentuate the need for skin packaging, which aids in extending the shelf life of the food product and prevents it from getting contaminated.

Growing concerns related to the environment and stringent regulations related to packaging waste are encouraging manufacturers to increase their investment in R&D activities to develop sustainable packaging materials. This is expected to boost demand for skin packaging owing to its cost-effective features that demand for less packaging resources and prevent food loss by prolonging the shelf life of the food product.

Moreover, high disposable incomes and changing lifestyles have led to an increase in the consumption of packed goods, which in turn are expected to drive demand for skin packaging globally.

Global Skin Packaging Market: Region-wise Outlook

The Asia-Pacific region accounts for a major share of the skin packaging market currently in terms of value, closely followed by Europe and North America. The global skin packaging market in developing countries, such as China and India, is projected to grow at a higher rate from 2016 to 2026. China is likely to grow faster than other countries, owing to its strong economic growth, combined with increased food consumption and rapid urbanization witnessed in the country.

Global Skin Packaging Market: Competitive Landscape

The key players in the global skin packaging market have strong established distribution networks across the world and the financial strength to sustain their market position. The same cannot be said about new entrants in the market. In order to achieve growth in the global skin packaging market, the players need to: have a strong distribution network to facilitate the timely delivery of their products to customers, whenever needed, as well as implement all rules & regulations laid down by several regulatory bodies.

Global Skin Packaging Market: Key Players

Some of the major players identified in the global skin packaging market are:

• Sealed Air Corporation
• Berry Plastics Group, Inc.
• Clondalkin Group Holdings B.V.
• I. du Pont de Nemours and Company
• Bemis Company, Inc.
• Display Pack Inc.
• Linpac Packaging Limited
• The Dow Chemical Company
• Mondini SPA
• WestRock Company

The report covers exhaustive analysis on:

• Global Skin Packaging Market Segments
• Global Skin Packaging Market Dynamics
• Historical Actual Market Size, 2012 - 2014
• Global Skin Packaging Market Size & Forecast 2015 to 2025
• Supply & Demand Value Chain
• Global Skin Packaging Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Global Skin Packaging Market Drivers and Restraints

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Digital Door Lock Systems Market to Reach US$8.36 bn by 2023, Driven by Proliferation of Managed Security Solutions

According to a new market report published by Transparency Market Research “Digital Door Lock Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” the global digital door lock systems market in terms of revenue was valued at US$ 731.9 Mn in 2014 and is forecast to grow at a CAGR of 31.8% during the period 2015 to 2023. Growth of micro, small and medium enterprises (MSMEs) across the world and high industrial activity driving inclusive of commercial segment are the key factors driving the growth of the digital door lock systems market. In addition, enhanced security needs of customers are driving the adoption of security solutions in residential sector and managed security solutions at affordable option is further expected to drive the growth of this market over the forecast period.

In the Keypad locks digital door lock systems market, electromechanical door locks segment was the largest in 2014, accounting for 45.2% of the overall market. The increased demand for electromechanical products signifies with customers looking for total security solutions and flexible door environments with convenient digital and mobile technology. Manufacturers’ products aim at open standards to facilitate integration with the customer's other security and administrative systems.

In terms of end-user, Commercial is the largest segment contributing to the Global Digital Door Lock Systems market. Residential segment is the second largest segment by end-use adoption. Home-based and small to mid-sized businesses are expected to be the target markets expected to drive the digital door lock systems market. Manufacturers that are positioned to benefit include Godrej & Boyce, Assa-Abloy and Weiser Lock, Siemens AG. These companies manufacture digital door locks systems for both home and business that capture different types of biometrics such as fingerprints, palm, and voice and use them to identify residents and personnel to allow entry. The largest, most demanding and dynamic customer segment is institutional and commercial customers. These include corporate workplaces, universities, hospitals, government agencies, airports and shopping malls, buildings with high security requirements where a large number of people and goods enter and exit daily.

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Smart home applications are in demand and are supported by the increased usage of smart phones and tablets in the market. Residential security has become the major part of various smart home applications which people are adopting these days. Security has become the main feature of smart applications used for homes. People are opting for latest technologies and solutions available in the market for high level of security and automation in their home premises. Smart home applications are now including more advance features which includes advance security aspects like security alarms, sensors, electronic locks, cameras etc. along with other smart features like extensive control over home living environment such as self-powered lighting, climate controls, fire alarms and power managements. People are adopting advanced security features embedded in their smart home application and considering as a value added service for better quality of living.

Some of the major Industry Players profiled in the study include Honeywell International Inc., Godrej & Boyce Manufacturing Company Ltd., Assa Abloy Group, Cisco Systems, Inc., United Technologies Corporation, Siemens AG, Panasonic Corporation, Nestwell Technologies, Vivint, Inc., Hanman International Pte Ltd., Hitachi, Ltd. and Tyco International Ltd.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Plastic Packaging L-Bar Sealers Market - Global Industry Analysis, Growth, Trends, Forecast 2024

Transparency Market Research Report Added " Plastic Packaging L-Bar Sealers Market ". The expansion of the online retail industry in recent past has boosted growth of the online packaging equipment market and, thus, in turn led to rise in demand for packaging and packaging equipment across the globe. The plastic packaging equipment market has grown substantially over the past few years. The increasing purchasing power of average customers and rise in adoption of advanced packaging tools are factors that have led to the significant surge in demand for plastic packaging tools.

The type of packaging used in different types of products varies depending on the application and, thus, calls for specific packaging tools. Some of the major equipment used in plastic packaging include L-bar sealers, heat guns, shrink tunnels, bag sealers, shrink wrap system, fill and seal machines, and shrink sleeve blending machines. L-bar sealers are designed for shrink film packaging. These sealers can be manual, automatic, or semi-automatic. Selection of the type of L-bar sealer depends upon the area of application. L-bar sealers used in steel construction are usually automatic. Meanwhile, manual and semi-automatic L-bar sealers are mostly preferred in plastic packaging applications. Demand for L-bar sealers is expected to grow over the forecast period, owing to increasing volume of online retail sales.

Plastic Packaging L-Bar Sealers: Drivers and Restraints

Increased consumption and demand for consumer goods is expected to drive the need for more sophisticated packaging and, thereby, packaging equipment, which includes L-bar sealers. Ongoing economic developments in emerging economies, such as Brazil, India, and China, are expected to lead to the strong growth of the plastic packaging L-bar sealers market in these countries. On the other hand, fluctuations in raw material availability and energy prices could have a negative effect on the market growth. Furthermore, the market in Europe is also prone to economic uncertainty.

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Plastic Packaging L-Bar Sealers: Segmentation

The L-bar sealer market is segmented as follows:

On the basis of product type:

• Manual
• Semi-automatic
• Automatic

On the basis of application:

• Industrial Products
• Consumer Goods
• Pharmaceutical
• Food & Beverages

Plastic Packaging L-Bar Sealers: Region-wise Outlook

Emerging markets such as India, Brazil, Russia, Turkey, South Korea, and China are expected to account for the largest share of the global plastic packaging L-bar sealers market over the forecast period. Asia Pacific is expected to dominate the market. Followed by Asia Pacific, Europe and North America are expected to be the next big markets; however, economic uncertainties prevailing in Europe could negatively affect the supply demand scenario in the region. The Middle East market is expected to continue to witness a robust growth over the forecast period. In Latin America, Brazil and Mexico are expected to dominate the market in the region in terms of demand for plastic packaging L-bar sealers.

Plastic Packaging L-Bar Sealers: Key Players

Key players identified in the global plastic packaging L-bar sealers market are:

• Accolade Packaging Ltd
• Venus Hartung Pty Ltd
• Plexpack Corporation
• Rennco, LLC.
• Belco Packaging Systems, Inc
• Texwrap Packaging Systems
• HEAT SEAL, LLC
• PAC Machinery
• Allen Plastic Industries Co., Ltd.
• U.S. Packaging & Wrapping LLC.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information on the basis of categories such as market segments, geographies, types, technologies, and applications.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

On the basis of region, the market is segmented into:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand)
• Middle East and Africa (GCC, S. Africa, and N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on the market segments and geographies.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Rigid Plastic Packaging Market - Global Industry Analysis, Growth, Trends, and Forecast 2024

Rigid plastic packaging, as the name suggests, solely involves the usage of plastic material; it has a relatively inflexible shape or form. The Global Rigid Plastic Packaging Market has exhibited considerable growth during the past few years, driven by the various beneficial properties of rigid plastic packaging, such as it is light weight, supple, and durable. Besides, rigid plastic packaging keeps the goods safe for a long period of time. Moreover, the changing lifestyle and increased consumer spending on packaged goods are factors attributed to the expected growth of the global rigid plastic packaging market over the forecast period. Due to the rising environment concerns, there has been a rise in demand for recyclable products, thus paving the way for the foray of various recycling infrastructures for plastics, which in turn is propelling growth of the market for rigid plastic packaging. Rigid plastic packaging is used in various industries such as food & beverages, pharmaceuticals, and personal care, among others. The growth witnessed in these industries, in turn, is further propelling growth of the market for rigid plastic packaging. Overall, the global rigid plastic packaging market is expected to expand at a single digit CAGR over the forecast period.

Rigid Plastic Packaging Market: Drivers & Restraints

The rigid plastic packaging market is driven by the increasing demand from the food and beverages industry, which is one of the prominent end users of rigid plastic packaging. The eating habits of consumers globally are changing as the consumers are increasingly opting for packaged foods, which in turn is further driving growth of the market for rigid plastic packaging. However, the non-biodegradable properties of rigid plastic packaging have been observed to have a serious impact on the environment, which can pose as a restraint for growth of the rigid plastic packaging market over the forecast period. Hence, some manufacturers are using natural raw materials over synthetic materials for manufacturing of rigid plastic packaging types. This trend is expected to help counter the environmental issues related to rigid plastic packaging. Expansion of plastic recycling units is another alternative for countering the environmental restraint. On the other hand, the competition from flexible plastic packaging may have a negative impact on growth of the rigid plastic packaging market over the forecast period.

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Rigid Plastic Packaging Market: Market Segmentation

On the basis of raw materials, the global rigid plastic packaging market is segmented into:

• Natural
• Bio plastics
• Synthetic
• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Polystyrene (PS)
• Polypropylene (PP)
• Expanded Polystyrene (EPS)
• Polyvinyl Chloride (PVC)

On the basis of manufacturing process, the global rigid plastic packaging market is segmented into:

• Extrusion
• Co-Extrusion
• Thermoforming
• Injection Molding
• Injection Blow Molding

On the basis of end-use industry, the global rigid plastic packaging market is segmented into:

• Food & Beverage
• Healthcare
• Personal Care
• Industrial Packaging
• Others (consumer food service and household care)
• Rigid Plastic Packaging Market: Region-wise Outlook

The global rigid plastic packaging market is anticipated to register a favorable growth during the forecast period, 2016?2026. On the basis of geography, the global rigid plastic packaging market is segmented into seven key regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and the Middle East & Africa. Among the aforementioned regional markets, the Asia Pacific market is projected to register the fastest growth over the forecast period, due to the dominance of the food and beverage industries in the region, especially in China, which accounts for the largest share of the rigid plastic packaging market in the Asia Pacific region. In terms of market share, the North America market is trailing behind the Asia Pacific market, and is followed by the Western Europe market. The remaining regional markets are expected to grow at a steady rate over the forecast period.

Rigid Plastic Packaging Market: Key Players

Some of the key market participants in the global rigid plastic packaging market are 3M, ES Plastic, ALPLA, Alto, Amcor, Bemis, Anchor Packaging, APPE, Berry Plastics, Binggrae, Faerch Plast, Dow Chemical, DS Smith, Etimex Primary Packaging, and Graham Packaging Company.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information on the basis of categories such as market segments, geographies, types, technologies, and applications.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

BFSI Security Market - Global Industry Analysis, Growth, Trends and Forecast 2023

Banking, Financial services and Insurance sector usually include insurance companies, commercial banks and cooperatives. Furthermore, it also includes non-banking financial companies, mutual funds and pension funds among others.

The growing demand for integrated security solutions is one of the major factors driving the global BFSI security market. Furthermore, growing preference for a common security platform which reduces the cost and complications of financial services is also contributing to the positive growth of BFSI security market. Moreover, increasing mobile data usage and growing digitization is also stimulating the demand for BFSI security at the global level. Stringent government regulations pertaining to data security along with increasing penetration of internet of things is also expected to have a positive impact on the BFSI security market. In addition, increasing number of cyber-attacks in BFSI sector in the last few years, the demand for security solutions and services has grown to protect confidential data in the BFSI sector. However lack of awareness about modern BFSI security systems across developing economies and the need for convergence of various security solutions are the major factors restraining the BFSI security market.

The BFSI security market can be segmented into three categories based on types, end use and region. By types the market is divided into physical security and information security. Physical security is further segmented into access control, video surveillance, intrusion and fire detection, physical security information management (PSIM), system integration, maintenance and support and design and consulting. Furthermore, information security segment is further segmented into identity and access management, risk and compliance management, encryption, disaster recovery, unified threat management (UTM), firewall, web filtering, data loss protection among others. By end use the BFSI security market is segmented into banking and insurance companies among others.

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By geography, the market is segmented into four major regions including North America, Europe, Asia Pacific and Rest of the world including Middle East, South America and Africa. North America and Europe are the early adopters of technology and hence accounts for majority of the market share and are expected to follow the same trend throughout the forecast period. However, Asia Pacific region is expected to be the fastest growing market for BFSI security owing to the presence of developing nations such as India, South Korea, Australia and China among others. Rapid urbanization and increasing number of users on the online platform is one of the major factors fueling the demand in this region. Moreover, increasing demand for data security of the confidential data is also expected to have a positive impact on the demand for BFSI security market. In addition, due to changing financial regulations a large number of banking and financial institutions are expected to provide their service which in turn is also expected to contribute to the demand for BFSI security.

Some of the Major Players operating in the BFSI security market are Booz Allen Hamilton Inc. (United States), Computer Sciences Corporation (CSC) (United States), EMC Corporation (United States), Cisco Systems Inc.(United States), Honeywell International, Inc. (United States), Mcafee, Inc. (United States), IBM Corporation,(United States), Sophos Group PLC.(United states), Symantec Corporation (United Sates) and Trend Micro Incorporated (Japan) among others.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Alcohol Packaging Market - Global Industry Analysis, Growth, Trends, and Forecast 2024

It is said that “As alcohol flows, so do packaging changes.” 

It has been observed that the consumption of alcohol is increasing rapidly, which in turn is fuelling growth of the global alcohol packaging market currently. At present, the alcohol market manufacturers are very keen on subscribing to the best packaging standards for their products, as packaging plays an integral role in influencing the consumers to purchase one brand over another. Players in the alcohol industry follow unconventional packaging formats and packaging innovations that include whiskey pouches, paper bottles, etc. Consumers prefer the brands that come with convenient and easy to open packaging. In fact, they recognize some brands on the basis of their packing. The global glass packaging market is strongly influenced by the alcohol market as most of the alcoholic drinks are packed in glass bottles; for instance, beer is packed in dark coloured glass bottles, which helps in UV rays deflection. The global alcohol packaging market has been witnessing significant growth until now, and is anticipated to expand at a modest CAGR over the forecast period due to the surge witnessed in the alcohol industry.

Increase in disposable income of people and their consequent additional spending on recreational activities are factors influencing growth of the alcohol market currently, which in turn are expected to drive growth of the global alcohol packaging market over the forecast period. Increasing consumer demand for convenient and easy to open packaging format in case of alcoholic beverages is a major factor driving growth of the alcohol packaging market currently. Increasing awareness amongst alcohol manufacturers about distinguishing their products on the basis of packaging is a major factor contributing towards growth of the alcohol packaging market currently. However, the stringent regulations witnessed in some regions on the type of packaging and packaging materials used in case of beverages could hamper growth of the global alcohol packaging market over the forecast period. Besides, the materials used for packaging, such as plastics or PET, are not much environment friendly as they are non-biodegradable, which is a major restraining factor for the market growth.

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The growth opportunity for the players operating in the global alcohol packaging market lies in changing the packaging trends related to alcoholic beverages. The use of beer cans has become a fashion amongst the beers consumers. Nowadays, de-cluttering packaging is trending as a large number of consumers seek information of the alcohol and its calorie content. Many of the consumers are unknowingly influenced by the packaging of the alcoholic product, which thus contributes to the brand equity of that product. However, increasing awareness about the side effects of alcohol consumption amongst the consumers could further negatively influence growth of the alcohol market and, ultimately, the alcohol packaging market.

The global alcohol packaging market can be segmented on the basis of the material used, type of alcohol, and packaging format. On the basis of the material used, the global alcohol packaging market can be segmented into metal cans, glass bottles, PET bottles, and paper bottles. On the basis of type of alcohol, the global alcohol packaging market can be segmented into beers, wines, and spirits. On the basis of packaging format, the global alcohol packaging market can be segmented into ceramic beer bottle, ace of spades, machine gun shaped liquor bottle, single and double whiskey pouches, and wood-fiber beverage bottle.

By geography, the global alcohol packaging market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific accounts for the highest share of the global alcohol market currently, thus making it the global leader in the alcohol packaging market. In Asia Pacific, consumption of alcohol is witnessed to be the highest in India and China. The Asia Pacific market is followed by the North America market, due to the presence of countries such as the U.S., where alcohol consumption has been a routine since decades. Thus, North America is a significant contributor to the growth of the global alcohol packaging market. The alcohol market in Europe is also witnessing rapid growth, thereby driving growth of the alcohol packaging market in the region over the forecast period. The alcohol market in the Middle East and Africa is at a nascent stage, and is anticipated to expand at a modest CAGR in the future, thereby driving growth of the alcohol packaging market in the region as well.

Some of the Key Players in the global alcohol packaging market are United Bottles & Packaging, O-I, Encore Glass, Brick Packaging, LLC, Creative Glass, AAC Inc., Orora Packaging Australia Pvt. Ltd, and Vetreria Etrusca srl.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Shrink Wrap Packaging Systems Market - Global Industry Analysis, Growth, Trends, and Forecast 2024

Transparency Market Research Report Added " Shrink Wrap Packaging Systems Market "Many of the products in today’s era require different style of packaging that must be flexible and even attractive. Shrink wrap packaging is an ideal solution for packing uneven shape objects with flexibility and ease. Shrink wrap is a process under which the product to be packed is covered with a shrink film, which is then heated so that it shrinks on the product. The shrink film is a polymer plastic film made of PVC, polyethylene, polypropylene, or polyolefin. Mostly Polyolefin with different thickness, strength, clarities, and shrink ratios is used as a shrink film. The film is heated with the help of a handheld gun, or the product along with the film is passed through the heating tunnel on a conveyor. Shrink wrap packaging serves the purpose of keeping the product stable and clean, and also helps make it tamper resistant. Shrink wrap packaging is used as an overwrap on boxes, cartons, pallet loads, and beverage cans. It is also used as a primary covering in many food items such as meats, cheese, plants, and vegetables. There are various shrink wrap packaging systems available in the market, which are equipped with different technologies such as sleeve wrappers, side sealers, shrink tunnels, and L-sealers.

The ever expanding food industry and the safety concerns related to products during their transit are factors expected to bolster growth of the shrink wrap packaging systems market over the forecast period. Over the years, there has been a modest rise in application of shrink wrap packaging in industrial equipment. Thus, surge in industrialization in turn is expected to contribute towards growth of the shrink wrap packaging systems market over the forecast period. Shrink wrap is also used to wrap roofs after any natural disaster, such as earthquakes, hurricanes, tornadoes, which is a major beneficial feature that is expected to propel growth of the shrink wrap packaging system market in the near future. However, there are other substitutes available for shrink wrap packaging, such as vacuum packaging, which are equally reliable and effective; this may hamper growth of the shrink wrap packaging systems market over the forecast period. Also, the shrink wrap packaging process is risky, and the person handling the system needs to be cautious as the shrinking involves heating the material up to a high temperature, a factor which again could slowdown growth of the shrink wrap packaging systems market over the forecast period.

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Increasing consumer concerns over healthy and hygienic food are expected to create major growth opportunities for players operating in the global shrink wrap packaging systems market over the forecast period. Also, the food industry experts are trying to differentiate their products from their competitors by providing a robust and unitized packing format in the form of shrink wrap packaging. Due to the flexibility and easy handling features of the shrink wrap packaged products, shrink wrap packaging has become a preferred consumer choice in the global packaging industry. The global shrink wrap packaging system market is anticipated to expand at a single digit CAGR over the forecast period.

The global shrink wrap packaging systems market can be segmented on the basis of technology, type, application, and end-use industry. On the basis of technology, the global shrink wrap packaging systems market can be segmented as automatic, semi-automatic, fully-automatic, manual. On the basis of type, the global shrink wrap packaging systems market can be segmented into sleeve wrappers, L-sealers, side sealers, lap sealers and shrink tunnels. On the basis of application, the global shrink wrap packaging systems market can be segmented into trays, books, beverages, sleeve, sachet, cardboard box, and others. On the basis of end-use application, the global shrink wrap packaging systems market can be segmented into pharmaceuticals, food & beverages, automotive, consumer products, printing and health & beauty.

By geography, the global shrink wrap packaging systems market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Currently, Asia Pacific accounts for the maximum share of the shrink wrap packaging system market, owing to the ever increasing food industry in this region. In terms of demand for shrink wrap packaging system, the market in Asia Pacific is expected to be followed by North America, in view of the surge in industrialization and other economic factors in the region. Europe is also expected to be a major contributor to the growth of the shrink wrap packaging systems market over the forecast period, because of the bolstering meat market and other increasing frozen food items packaging requirements in the countries such Germany and Italy. Meanwhile, the Latin America shrink wrap packaging systems market is also expected to develop at a rapid pace. The Middle East & Africa market, on the other hand, is at a nascent stage.

Some of the Key Vendors identified across the value chain of the global shrink wrap packaging systems market include: Saitech Inc, Texwrap Packaging Systems, Arpac LLC, Shrinkwrap Machinery Co. Ltd, Gebo Cermex, Yorkshire Packaging Systems, and Extreme Packaging Machinery.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.