NEW YORK, March 18, 2022 The Insight Partners has released a new report on the "PVDC Shrink Bags Market Forecast to 2028". According to the report: The PVDC shrink bag market size was valued at USD 1.08 billion in 2021 and is expected to reach USD 1.38 billion by 2028; it is expected to grow at a CAGR of 3.5% from 2021 to 2028.
Rising population, favorable economic conditions, rising disposable income, and increasing demand for meat, poultry and seafood, cheese and dairy products propelled the Asia-Pacific region to account for the largest share of the global PVDC shrink bags global market in 2020. Major market players in the Asia-Pacific region have invested heavily in research and development programs, and are also known to focus on product development and innovation, focusing on product portfolio expansion.
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Report Coverage |
Details |
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Market Size Value in |
US$ 1,088.39 Million in 2021 |
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Market Size Value by |
US$ 1,383.37 Million by 2028 |
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Growth rate |
CAGR of 3.5% from 2021 to 2028 |
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Forecast Period |
2021-2028 |
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Base Year |
2021 |
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No. of Pages |
140 |
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No. Tables |
58 |
| No. of Charts & Figures | 69 |
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Historical data available |
yes |
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Segments covered |
Bag Type and Application |
| Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
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Country scope |
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Food packaging is increasingly using high-barrier shrink bags:
Consumer demand for fresh, highly nutritious and tasty food is increasing, so there is an increasing focus on packaging methods to extend product shelf life and improve product quality at the time of consumption. The food and beverage industry places high demands on packaging, demanding better protection, longer self-life and excellent barrier properties. High-barrier bags can protect products throughout the process to prolong freshness and reduce failures such as punctures. They are widely used in processed meat and dairy products such as poultry, beef, cheese, pork and turkey. PVDC packaging is widely used in fresh meat packaging due to its excellent oxygen and water vapour barrier properties.
Impact of COVID-19 Pandemic on PVDC Shrink Bags Market:
The COVID-19 pandemic has affected economies and industries in various countries. Governments have taken possible measures to limit the spread of the novel coronavirus, announcing nationwide lockdowns, which directly impacted the growth of the industrial sector. Due to disruptions caused by the COVID-19 pandemic, the demand for PVDC shrink bags in different applications has been negatively impacted. Closures of meatpacking facilities or reduced hours due to the COVID-19 pandemic have impacted processing capacity. However, various countries have restarted their business activities. Therefore, the demand for shrink bags is expected to increase in the coming months.
PVDC Shrink Bags Market: Segmentation Overview
On the basis of bag type, the PVDC shrink bag market is segmented into round bottom seal, straight bottom seal, and side seal. The round bottom seal segment accounted for the largest share of the global PVDC shrink bags market in 2020. There are several types of shrink bags available on the market, depending on the desired application. Shrink bags with round bottom seal for fresh meat, sausage meat and export purposes.The global PVDC shrink bags market has been segmented into meat, poultry and seafood, cheese and other dairy products, and others. The meat segment accounted for the largest share of the global PVDC shrink bags market in 2020. PVDC shrink bags are used for convenient packaging of meat products. They provide consistent protection in dry and high humidity environments and extend the shelf life of fresh meat.
