Growing Consumption of Meat, Poultry, and Seafood Products to Escalate PVDC Shrink Bags Market Growth
According to our latest market study on “PVDC Shrink Bags Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Bag Type (Round Bottom Seal, Straight Bottom Seal, and Side Seal) and Application (Meat, Poultry & Seafood, Cheese & Other Dairy Products, and Others),” the PVDC shrink bags market was valued at US$ 1,088.39 million in 2021 and is projected to reach US$ 1,383.37 million by 2028; it is expected to grow at a CAGR of 3.5% from 2021 to 2028. The report highlights key factors driving the PVDC shrink bags market and prominent players and their developments in the market.The PVDC shrink bags are available in various types, including round bottom seal, straight bottom seal, and side seal. PVDC material shrink bag offers excellent oxygen and water vapor barrier properties. The increasing preference for non-vegetarian food in some countries due to changes in culinary style has boosted the demand for frozen food in the hotel industry. The demand for PVDC material for shrink bags has also increased to maintain the shelf life and protect the food from outside temperature and moisture.
Factors such as population growth, rise in income, and urbanization contribute to the increasing demand for meat globally. Further, pork and poultry dominate meat consumption worldwide. According to the United States Department of Agriculture (USDA), the US poultry industry is one of the largest poultry meat producers and exporters worldwide. Moreover, the increase in demand for protein-rich food and enhanced purchasing power are fueling poultry meat consumption extensively in the Asia Pacific region. Fish consumption in Asian countries has been driven by an increase in urban population, dramatic expansion of fish production, rise in income, and the growth of international fish trade. PVDC shrink bags are highly used in meat, poultry, and seafood products, ultimately driving the PVDC shrink bags market.
Allfo GmbH & Co. KG; Astar Packaging Pte Ltd.; Dow; Eezypak; PREMIUMPACK GMBH; SCHUR FLEXIBLES; Sealed Air; Spektar d.o.o.; Sunrise Packaging Material (Jiangyin) Co., Ltd; and WINPAK LTD.; are among the leading players operating in the global PVDC shrink bags market.
Impact of COVID-19 Pandemic on PVDC Shrink Bags Market
The ongoing COVID-19 pandemic has impacted the growth of the PVDC shrink bags market. The sudden distortion has negatively impacted various operational efficiencies and disruptions in the value chains due to the sudden closure of national and international boundaries. Overall, meat production, processing, and distribution have been directly and indirectly impacted by the COVID-19 pandemic, negatively affecting the demand for meat packaging products. On the other hand, the pandemic has helped accelerate online purchases of meat products as the meat and seafood sales increased during the COVID-19 pandemic, positively impacting PVDC shrink bag market growth. The demand for PVDC shrink bags is expected to rise globally during the forecast period, as the economies are reviving their operations.
Global PVDC Shrink Bags Market Breakdown – by Region
PVDC Shrink Bags Market Demand and Global Analysis by 2028
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PVDC Shrink Bags Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Bag Type (Round Bottom Seal, Straight Bottom Seal, and Side Seal) and Application (Meat, Poultry & Seafood, Cheese & Other Dairy Products, and Others)
PVDC Shrink Bags Market Demand and Global Analysis by 2028
Download Free SamplePVDC Shrink Bags Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Bag Type (Round Bottom Seal, Straight Bottom Seal, and Side Seal) and Application (Meat, Poultry & Seafood, Cheese & Other Dairy Products, and Others)
The report includes the segmentation of the global PVDC shrink bags market as follows:
In terms of bag type, the global PVDC shrink bags market is segmented into round bottom seal, straight bottom seal, and side seal. Based on application, the PVDC shrink bags market is segmented into meat, poultry & seafood, cheese & other dairy products, and others. By geography, the PVDC shrink bags market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. North America includes countries like the US, Canada, and Mexico. Europe includes Germany, France, the UK, Italy, Russia, and the Rest of Europe. Asia Pacific includes China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa (MEA) includes South Africa, Saudi Arabia, the UAE, and the Rest of MEA. South and Central America includes Brazil, Argentina, and the Rest of South and Central America.Contact Us
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21 November 2024