The Biodegradable Shrink Wrap Market is expected to register a CAGR of 18% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on material (pla, pha, starch based, and others). The report is segmented by end use (food and beverages, pharmaceuticals, personal care and homecare, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Biodegradable Shrink Wrap Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Biodegradable Shrink Wrap Market Segmentation
Material- PLA
- PHA
- Starch based
- Food and Beverages
- Pharmaceuticals
- Personal Care and Homecare
Strategic Insights
Biodegradable Shrink Wrap Market Growth Drivers- Rising Demand for Sustainable Packaging: The demand for sustainable packaging is a major driver of growth in the biodegradable shrink wrap market. With increasing environmental concerns and the rising need to reduce plastic waste, businesses are shifting to biodegradable alternatives like shrink wraps made from plant-based materials. These biodegradable films are widely used in packaging for food, beverages, and consumer goods to minimize environmental impact.
- Government Regulations on Plastic Waste: Governments around the world are implementing stricter regulations to curb plastic waste, which is driving the adoption of biodegradable shrink wraps. Bans on single-use plastics and regulations promoting sustainable alternatives are encouraging companies to adopt biodegradable shrink wrap materials. This regulatory shift is pushing industries to seek environmentally friendly packaging solutions, boosting market growth for biodegradable shrink wraps.
- Consumer Demand for Eco-Friendly Products: Growing consumer awareness of environmental issues is fueling the demand for eco-friendly products, including biodegradable shrink wraps. Consumers are increasingly preferring packaging that aligns with their sustainability values, prompting companies to adopt biodegradable alternatives. The shift toward more eco-conscious purchasing behavior is driving the expansion of biodegradable shrink wraps across various industries, including food and beverage and retail.
- Advancements in Biodegradable Shrink Wrap Materials: Ongoing research and innovation in biodegradable materials are driving improvements in shrink wrap technology. New plant-based polymers, such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA), are being developed to offer better performance in packaging applications. These innovations improve the mechanical strength, flexibility, and barrier properties of biodegradable shrink wraps, making them suitable for a broader range of packaging needs.
- Growing Adoption in the Food and Beverage Industry: The food and beverage industry is a key sector driving the demand for biodegradable shrink wraps. As more food and beverage companies focus on reducing plastic usage, biodegradable shrink wrap materials are increasingly being used for packaging fresh produce, beverages, and processed foods. This trend is driven by both consumer preferences for sustainable packaging and the growing regulatory pressure on companies to adopt eco-friendly alternatives.
- Expansion in the E-Commerce Sector: The rapid growth of e-commerce is creating significant opportunities for biodegradable shrink wraps. With the increasing volume of online orders, e-commerce companies are seeking sustainable packaging solutions to reduce their environmental impact. Biodegradable shrink wraps offer a lightweight, flexible, and eco-friendly alternative to traditional plastic packaging, making them an ideal choice for e-commerce businesses focused on sustainability.
- Opportunities in the Cosmetics and Personal Care Industry: The cosmetics and personal care sector offers significant growth opportunities for biodegradable shrink wraps. As demand for eco-friendly products increases, companies are looking for sustainable packaging solutions for items like skincare products, shampoos, and fragrances. Biodegradable shrink wraps can provide an attractive, sustainable packaging solution, meeting consumer demand for both effective product protection and environmental responsibility.
- Increasing Use in Non-Food Applications: Beyond food and beverage, biodegradable shrink wraps are finding new opportunities in non-food sectors like pharmaceuticals, electronics, and retail. The demand for eco-friendly packaging in these industries is growing, and biodegradable shrink wraps provide a sustainable alternative to traditional plastic options. The versatility of biodegradable shrink wraps makes them an ideal solution for a wide range of applications.
- Partnerships and Collaborations for Product Innovation: Strategic partnerships between biodegradable shrink wrap manufacturers, material developers, and packaging companies present opportunities for innovation and market expansion. Collaborations focused on improving the material properties of biodegradable shrink wraps, such as enhancing barrier functions or developing new biodegradable resins, will help expand their use across diverse industries and promote the development of more sustainable packaging solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Biodegradable Shrink Wrap Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Biodegradable Shrink Wrap Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The shift towards plant-based and compostable materials is expected to be the key market trends.
The growing demand for sustainable packaging solutions is driving the market growth.
BASF SE; Kingfa SCI. and TECH. CO., LTD.; Mondi; Tilak Polypack Pvt. Ltd; Easy Flux; WRAPEX; HUBEI HYF PACKAGING CO., LTD.; Cortec Corporation; Sontex (Machinery) Ltd.; and Film Source International are some of the key players operating in the biodegradable shrink wrap market
Based on material, the PLA segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the biodegradable shrink wrap market due to the stringent environmental regulations, a strong emphasis on sustainability, and the presence of key industry players investing in eco-friendly solutions.
The Biodegradable Shrink Wrap Market is estimated to witness a CAGR of 18% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Biodegradable Shrink Wrap Market - By End Use
1.3.2 Biodegradable Shrink Wrap Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIODEGRADABLE SHRINK WRAP MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. BIODEGRADABLE SHRINK WRAP MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BIODEGRADABLE SHRINK WRAP MARKET - GLOBAL MARKET ANALYSIS
6.1. BIODEGRADABLE SHRINK WRAP - GLOBAL MARKET OVERVIEW
6.2. BIODEGRADABLE SHRINK WRAP - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BIODEGRADABLE SHRINK WRAP MARKET - REVENUE AND FORECASTS TO 2028 - END USE
7.1. OVERVIEW
7.2. END USE MARKET FORECASTS AND ANALYSIS
7.3. FOOD AND BEVERAGE
7.3.1. Overview
7.3.2. Food and Beverage Market Forecast and Analysis
7.4. PERSONAL CARE AND COSMETICS
7.4.1. Overview
7.4.2. Personal Care and Cosmetics Market Forecast and Analysis
7.5. PHARMACEUTICALS
7.5.1. Overview
7.5.2. Pharmaceuticals Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. BIODEGRADABLE SHRINK WRAP MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Biodegradable Shrink Wrap Market Overview
8.1.2 North America Biodegradable Shrink Wrap Market Forecasts and Analysis
8.1.3 North America Biodegradable Shrink Wrap Market Forecasts and Analysis - By End Use
8.1.4 North America Biodegradable Shrink Wrap Market Forecasts and Analysis - By Countries
8.1.4.1 United States Biodegradable Shrink Wrap Market
8.1.4.1.1 United States Biodegradable Shrink Wrap Market by End Use
8.1.4.2 Canada Biodegradable Shrink Wrap Market
8.1.4.2.1 Canada Biodegradable Shrink Wrap Market by End Use
8.1.4.3 Mexico Biodegradable Shrink Wrap Market
8.1.4.3.1 Mexico Biodegradable Shrink Wrap Market by End Use
8.2. EUROPE
8.2.1 Europe Biodegradable Shrink Wrap Market Overview
8.2.2 Europe Biodegradable Shrink Wrap Market Forecasts and Analysis
8.2.3 Europe Biodegradable Shrink Wrap Market Forecasts and Analysis - By End Use
8.2.4 Europe Biodegradable Shrink Wrap Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Biodegradable Shrink Wrap Market
8.2.4.1.1 Germany Biodegradable Shrink Wrap Market by End Use
8.2.4.2 France Biodegradable Shrink Wrap Market
8.2.4.2.1 France Biodegradable Shrink Wrap Market by End Use
8.2.4.3 Italy Biodegradable Shrink Wrap Market
8.2.4.3.1 Italy Biodegradable Shrink Wrap Market by End Use
8.2.4.4 Spain Biodegradable Shrink Wrap Market
8.2.4.4.1 Spain Biodegradable Shrink Wrap Market by End Use
8.2.4.5 United Kingdom Biodegradable Shrink Wrap Market
8.2.4.5.1 United Kingdom Biodegradable Shrink Wrap Market by End Use
8.2.4.6 Russia Biodegradable Shrink Wrap Market
8.2.4.6.1 Russia Biodegradable Shrink Wrap Market by End Use
8.2.4.7 Rest of Europe Biodegradable Shrink Wrap Market
8.2.4.7.1 Rest of Europe Biodegradable Shrink Wrap Market by End Use
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Biodegradable Shrink Wrap Market Overview
8.3.2 Asia-Pacific Biodegradable Shrink Wrap Market Forecasts and Analysis
8.3.3 Asia-Pacific Biodegradable Shrink Wrap Market Forecasts and Analysis - By End Use
8.3.4 Asia-Pacific Biodegradable Shrink Wrap Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Biodegradable Shrink Wrap Market
8.3.4.1.1 Australia Biodegradable Shrink Wrap Market by End Use
8.3.4.2 China Biodegradable Shrink Wrap Market
8.3.4.2.1 China Biodegradable Shrink Wrap Market by End Use
8.3.4.3 India Biodegradable Shrink Wrap Market
8.3.4.3.1 India Biodegradable Shrink Wrap Market by End Use
8.3.4.4 Japan Biodegradable Shrink Wrap Market
8.3.4.4.1 Japan Biodegradable Shrink Wrap Market by End Use
8.3.4.5 South Korea Biodegradable Shrink Wrap Market
8.3.4.5.1 South Korea Biodegradable Shrink Wrap Market by End Use
8.3.4.6 Rest of Asia-Pacific Biodegradable Shrink Wrap Market
8.3.4.6.1 Rest of Asia-Pacific Biodegradable Shrink Wrap Market by End Use
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Biodegradable Shrink Wrap Market Overview
8.4.2 Middle East and Africa Biodegradable Shrink Wrap Market Forecasts and Analysis
8.4.3 Middle East and Africa Biodegradable Shrink Wrap Market Forecasts and Analysis - By End Use
8.4.4 Middle East and Africa Biodegradable Shrink Wrap Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Biodegradable Shrink Wrap Market
8.4.4.1.1 South Africa Biodegradable Shrink Wrap Market by End Use
8.4.4.2 Saudi Arabia Biodegradable Shrink Wrap Market
8.4.4.2.1 Saudi Arabia Biodegradable Shrink Wrap Market by End Use
8.4.4.3 U.A.E Biodegradable Shrink Wrap Market
8.4.4.3.1 U.A.E Biodegradable Shrink Wrap Market by End Use
8.4.4.4 Rest of Middle East and Africa Biodegradable Shrink Wrap Market
8.4.4.4.1 Rest of Middle East and Africa Biodegradable Shrink Wrap Market by End Use
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Biodegradable Shrink Wrap Market Overview
8.5.2 South and Central America Biodegradable Shrink Wrap Market Forecasts and Analysis
8.5.3 South and Central America Biodegradable Shrink Wrap Market Forecasts and Analysis - By End Use
8.5.4 South and Central America Biodegradable Shrink Wrap Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Biodegradable Shrink Wrap Market
8.5.4.1.1 Brazil Biodegradable Shrink Wrap Market by End Use
8.5.4.2 Argentina Biodegradable Shrink Wrap Market
8.5.4.2.1 Argentina Biodegradable Shrink Wrap Market by End Use
8.5.4.3 Rest of South and Central America Biodegradable Shrink Wrap Market
8.5.4.3.1 Rest of South and Central America Biodegradable Shrink Wrap Market by End Use
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. BIODEGRADABLE SHRINK WRAP MARKET, KEY COMPANY PROFILES
10.1. EASY FLUX
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. YORKSHIRE PACKAGING SYSTEMS
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. S KEMPNER LTD
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. SONTEX (MACHINERY) LTD
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. TILAK POLYPAK PVT. LTD
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. REEF REPAIR
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. SCHLICHTER GMBH
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. JONATURA BIO BASED PACKAGING
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. BAGLA GROUP
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. TUFWRAP
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
1.Easy Flux
2.Yorkshire Packaging Systems
3.S Kempner Ltd
4.Sontex (Machinery) Ltd
5.Tilak Polypak Pvt. Ltd
6.Reef Repair
7.Schlichter GmbH
8.Jonatura Bio Based Packaging
9.Bagla Group
10.Tufwrap
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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