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.
PVDC shrink bags are developed to provide solutions for convenient packaging of food products. They are a type of vacuum packaging with high barrier and shrink to protect food products such as meat and seafood from external temperature and moisture.
In 2020, Asia Pacific held the largest revenue share of the global PVDC shrink bags market. The various countries in Asia Pacific are witnessing a surge in barrier packaging of food products, especially meat and seafood, which is fueling the market growth. The market for PVDC shrink bags across Asia Pacific has witnessed notable growth due to the rapid expansion of the food packaging industry, coupled with the increase in consumption of non-vegetarian food.
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PVDC Shrink Bags Market: Strategic Insights
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PVDC Shrink Bags Market: Strategic Insights
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Impact of COVID-19 Pandemic on PVDC Shrink Bags Market
The ongoing COVID-19 pandemic has drastically altered the status of the chemicals & materials sector and impacted the growth of the PVDC shrink bags market. Various industries have been negatively affected by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. The crisis has declined the demand for certain types of packaging while accelerating growth for others such as packaging for e-commerce shipments. The COVID-19 pandemic has directly and indirectly impacted meat production, processing, and distribution, negatively impacting the demand for meat packaging products. As the economies are reviving their operations, the demand for PVDC shrink bags is expected to rise globally during the forecast period.
Market Insights
Growing Consumption of Meat, Poultry, and Seafood Products
The demand for meat is generally increasing globally due to the factors such as a rise in population growth, rise in income, and increase in urbanization. Rising living standards and income levels allow more people to incorporate meat into their regular diet. Poultry is regarded as one of the cost-effective protein sources, and as a result, the demand for poultry meat continues to rise in different countries globally. Poultry meat production and consumption have been increasing steadily for many years worldwide.
The rising public awareness about the importance of fish in healthy and diversified diets has driven seafood consumption upward. The PVDC shrink bags are extensively used in the packaging of meat, poultry, and seafood products. Hence, the growing consumption of meat, poultry, and seafood products in different countries worldwide drives the PVDC shrink bags market.
Application Insights
Based on application, the global PVDC shrink bags market has been segmented into meat, poultry & seafood, cheese & other dairy products, and others. The meat segment held the largest share of the global PVDC shrink bags market in 2020. PVDC is a commonly preferred packaging material for fresh meat as it provides an excellent barrier to oxygen and water vapor. PVDC shrink bags are used for packaging fresh meat, meat with bones, frozen meat, and processed meat. The extensive use of PVDC shrink bags in meat packaging drives the 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. Players operating in the market are highly focused on the development of high-quality and innovative product offerings to fulfill the customer’s requirements.
Report Spotlights
- Progressive industry trends in the PVDC shrink bags market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the PVDC shrink bags market from 2019 to 2028
- Estimation of global demand for PVDC shrink bags
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the growth of the PVDC shrink bags market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the PVDC shrink bags market size at various nodes
- Detailed overview and segmentation of the market, as well as the PVDC shrink bags industry dynamics
- Size of the PVDC shrink bags market in various regions with promising growth opportunities
PVDC Shrink Bags Market Regional Insights
PVDC Shrink Bags Market Regional Insights
The regional trends and factors influencing the PVDC Shrink Bags Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses PVDC Shrink Bags Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for PVDC Shrink Bags Market
PVDC Shrink Bags Market Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1.09 Billion |
| Market Size by 2028 | US$ 1.38 Billion |
| Global CAGR (2021 - 2028) | 3.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Bag Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The PVDC Shrink Bags Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the PVDC Shrink Bags Market are:
- The Dow Chemical Company
- ALLFO GMBH AND CO. KG
- ASTAR PACKAGING PTE LTD
- EEZYPAK
- PREMIUMPACK GMBH
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the PVDC Shrink Bags Market top key players overview
Global PVDC Shrink Bags Market
- Bag Type
- Round Bottom Seal
- Straight Bottom Seal
- Side Seal
- Application
- Meat
- Poultry & Seafood
- Cheese & Other Dairy Products
- Others
Company Profiles
- 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
- WINPAK LTD.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Bag Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Based on bag type, the round bottom seal segment led the global PVDC shrink bags market in 2020. Several types of shrink bags are available in the market, depending upon the application for which they are required. These bags have three enclosed sides and one open side. Shrink bags are available in different sizes. Shrink bags with round bottom seals are suitable for fresh meat, sausage meat, and export purposes.
The shift toward consumer convenience is a fast-rising trend in packaging. There are different components involved in effective product packaging. Convenience is an important component of product packaging. With consumers living increasingly busy lifestyles, convenience is a key element that influences their purchasing decisions. Consumers are increasingly demanding variety with the type of item as well as the size of the package. The demand for convenience packaging is increasing. The different convenience features such as easy opening, portability, and one-handed use are driving the food-packaging innovation.
Growing consumption of meat and superior advantages offered by PVDC shrink bags in the meat packaging are the key factors driving the PVDC shrink bags market during the forecast period. Besides, increasing prospects in urbanization and population in developing economies hold potential growth opportunities for the market. The increasing preferences of non-vegetarian food in some countries due to changes in culinary style has boosted the demand for frozen food in the hotel industry and thus to maintain the shelf life and to protect the food from outside temperature and moisture the demand for PVDC material for shrink bags has also increased.
Based on application, the meat segment led the global PVDC shrink bags market in 2020. The growth of the meat segment is primarily attributed to the growing application of PVDC shrink bags in meat packaging. The consumption of meat is increasing among consumers across the globe, this can also be related to rising income coupled with expenditure on food. The preferences of consumers for the convenient packaging of food products have also increased. PVDC shrink bags are used for convenient packaging of meat products and also increase the shelf life of products. Thus, the meat segment is dominating the market.
The major players operating in the global PVDC shrink bags market are 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..
During the forecast period, Asia-Pacific is anticipated to account for the largest share of the global PVDC shrink bags market. Asia-Pacific region comprises several developed and developing economies, including China, India, Japan, South Korea, among others. The various countries from the Asia Pacific region are witnessing an upsurge due to growth in barrier packaging of food products especially meat and seafood which is fueling the market growth during the forecast period. The market for PVDC shrink bags across the region has witnessed notable growth owing to the rapid expansion of the food packaging industry coupled with the increasing consumption of non-vegetarian food across the region.
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The List of Companies - PVDC Shrink Bags Market
- The Dow Chemical Company
- ALLFO GMBH AND CO. KG
- ASTAR PACKAGING PTE LTD
- EEZYPAK
- PREMIUMPACK GMBH
- SCHUR FLEXIBLES HOLDING GESMBH
- Sealed Air
- SPEKTAR D.O.O.
- Sunrise Packaging Material (Jiangyin) Co.,Ltd
- WINPAK LTD.
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