PET Shrink Films Market Dynamics 2021-2031
MARKET OVERVIEW
PET shrink films, made from polyethylene terephthalate, a thermoplastic polymer, are plastic films primarily used in packaging and labeling applications. These films are known for their clarity, strength, and ability to shrink. They are widely used in various industries, such as food and beverage, pharmaceuticals, and personal care. The market for these films are driven by the growing demand for sustainable and lightweight packaging materials and increasing preference for convenience packaging in the food and beverage industry.
MARKET DYNAMICS
The PET shrink films market is anticipated to grow in the forecast period owing to driving factors such as increasing demands from the food and beverage industries for the packaging of convenience food products. The growing demands from personal care and cosmetics industry coupled with emerging labelling market further propel the growth for PET shrink films market. However, competition from alternative substitutes has a negative impact on the market growth. On the other hand, growing adoption of eco-friendly packaging material is likely to provide growth opportunities to the PET shrink films market players during the forecast period.
MARKET SCOPE
The "Global PET Shrink Films Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of PET shrink films market with detailed market segmentation by type, end-user industry and geography. The global PET shrink films market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading PET shrink films market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global PET shrink films market is segmented on the basis of type and end-user industry. Based on type, the market is segmented as low shrink film, medium shrink film and high shrink film. The market on the basis of the end-user industry is classified as food & beverage, industrial packaging, personal care & cosmetics, printing & stationery and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global PET shrink films market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The PET shrink films market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting PET shrink films market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the PET shrink films market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global PET shrink films market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The PET shrink films market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting PET shrink films market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the PET shrink films market in these regions.
MARKET PLAYERS
The reports cover key developments in the PET shrink films market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from PET shrink films market are anticipated to lucrative growth opportunities in the future with the rising demand for PET shrink films in the global market. Below mentioned is the list of few companies engaged in the PET shrink films market.
The report also includes the profiles of key PET shrink films companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Allen Plastic Industries Co., Ltd.
- Berry Global Inc.
- Bonset America Corporation
- Flint Group
- HUBEI HYF PACKAGING CO., LTD.
- Klöckner Pentaplast
- KYUNG WON CHEMICAL CO., LTD.
- PLASTIC SUPPLIERS, INC.
- Polyplex Corporation Ltd.
- Triton International Enterprises
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 PET Shrink Films Market - By Type
1.3.2 PET Shrink Films Market - By End-user Industry
1.3.3 PET Shrink Films Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PET SHRINK FILMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PET SHRINK FILMS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PET SHRINK FILMS MARKET - GLOBAL MARKET ANALYSIS
6.1. PET SHRINK FILMS - GLOBAL MARKET OVERVIEW
6.2. PET SHRINK FILMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PET SHRINK FILMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LOW SHRINK FILM
7.3.1. Overview
7.3.2. Low Shrink Film Market Forecast and Analysis
7.4. MEDIUM SHRINK FILM
7.4.1. Overview
7.4.2. Medium Shrink Film Market Forecast and Analysis
7.5. HIGH SHRINK FILM
7.5.1. Overview
7.5.2. High Shrink Film Market Forecast and Analysis
8. PET SHRINK FILMS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
8.1. OVERVIEW
8.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGE
8.3.1. Overview
8.3.2. Food and Beverage Market Forecast and Analysis
8.4. INDUSTRIAL PACKAGING
8.4.1. Overview
8.4.2. Industrial Packaging Market Forecast and Analysis
8.5. PERSONAL CARE AND COSMETICS
8.5.1. Overview
8.5.2. Personal Care and Cosmetics Market Forecast and Analysis
8.6. PRINTING AND STATIONERY
8.6.1. Overview
8.6.2. Printing and Stationery Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PET SHRINK FILMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America PET Shrink Films Market Overview
9.1.2 North America PET Shrink Films Market Forecasts and Analysis
9.1.3 North America PET Shrink Films Market Forecasts and Analysis - By Type
9.1.4 North America PET Shrink Films Market Forecasts and Analysis - By End-user Industry
9.1.5 North America PET Shrink Films Market Forecasts and Analysis - By Countries
9.1.5.1 United States PET Shrink Films Market
9.1.5.1.1 United States PET Shrink Films Market by Type
9.1.5.1.2 United States PET Shrink Films Market by End-user Industry
9.1.5.2 Canada PET Shrink Films Market
9.1.5.2.1 Canada PET Shrink Films Market by Type
9.1.5.2.2 Canada PET Shrink Films Market by End-user Industry
9.1.5.3 Mexico PET Shrink Films Market
9.1.5.3.1 Mexico PET Shrink Films Market by Type
9.1.5.3.2 Mexico PET Shrink Films Market by End-user Industry
9.2. EUROPE
9.2.1 Europe PET Shrink Films Market Overview
9.2.2 Europe PET Shrink Films Market Forecasts and Analysis
9.2.3 Europe PET Shrink Films Market Forecasts and Analysis - By Type
9.2.4 Europe PET Shrink Films Market Forecasts and Analysis - By End-user Industry
9.2.5 Europe PET Shrink Films Market Forecasts and Analysis - By Countries
9.2.5.1 Germany PET Shrink Films Market
9.2.5.1.1 Germany PET Shrink Films Market by Type
9.2.5.1.2 Germany PET Shrink Films Market by End-user Industry
9.2.5.2 France PET Shrink Films Market
9.2.5.2.1 France PET Shrink Films Market by Type
9.2.5.2.2 France PET Shrink Films Market by End-user Industry
9.2.5.3 Italy PET Shrink Films Market
9.2.5.3.1 Italy PET Shrink Films Market by Type
9.2.5.3.2 Italy PET Shrink Films Market by End-user Industry
9.2.5.4 United Kingdom PET Shrink Films Market
9.2.5.4.1 United Kingdom PET Shrink Films Market by Type
9.2.5.4.2 United Kingdom PET Shrink Films Market by End-user Industry
9.2.5.5 Russia PET Shrink Films Market
9.2.5.5.1 Russia PET Shrink Films Market by Type
9.2.5.5.2 Russia PET Shrink Films Market by End-user Industry
9.2.5.6 Rest of Europe PET Shrink Films Market
9.2.5.6.1 Rest of Europe PET Shrink Films Market by Type
9.2.5.6.2 Rest of Europe PET Shrink Films Market by End-user Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific PET Shrink Films Market Overview
9.3.2 Asia-Pacific PET Shrink Films Market Forecasts and Analysis
9.3.3 Asia-Pacific PET Shrink Films Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific PET Shrink Films Market Forecasts and Analysis - By End-user Industry
9.3.5 Asia-Pacific PET Shrink Films Market Forecasts and Analysis - By Countries
9.3.5.1 Australia PET Shrink Films Market
9.3.5.1.1 Australia PET Shrink Films Market by Type
9.3.5.1.2 Australia PET Shrink Films Market by End-user Industry
9.3.5.2 China PET Shrink Films Market
9.3.5.2.1 China PET Shrink Films Market by Type
9.3.5.2.2 China PET Shrink Films Market by End-user Industry
9.3.5.3 India PET Shrink Films Market
9.3.5.3.1 India PET Shrink Films Market by Type
9.3.5.3.2 India PET Shrink Films Market by End-user Industry
9.3.5.4 Japan PET Shrink Films Market
9.3.5.4.1 Japan PET Shrink Films Market by Type
9.3.5.4.2 Japan PET Shrink Films Market by End-user Industry
9.3.5.5 South Korea PET Shrink Films Market
9.3.5.5.1 South Korea PET Shrink Films Market by Type
9.3.5.5.2 South Korea PET Shrink Films Market by End-user Industry
9.3.5.6 Rest of Asia-Pacific PET Shrink Films Market
9.3.5.6.1 Rest of Asia-Pacific PET Shrink Films Market by Type
9.3.5.6.2 Rest of Asia-Pacific PET Shrink Films Market by End-user Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa PET Shrink Films Market Overview
9.4.2 Middle East and Africa PET Shrink Films Market Forecasts and Analysis
9.4.3 Middle East and Africa PET Shrink Films Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa PET Shrink Films Market Forecasts and Analysis - By End-user Industry
9.4.5 Middle East and Africa PET Shrink Films Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa PET Shrink Films Market
9.4.5.1.1 South Africa PET Shrink Films Market by Type
9.4.5.1.2 South Africa PET Shrink Films Market by End-user Industry
9.4.5.2 Saudi Arabia PET Shrink Films Market
9.4.5.2.1 Saudi Arabia PET Shrink Films Market by Type
9.4.5.2.2 Saudi Arabia PET Shrink Films Market by End-user Industry
9.4.5.3 U.A.E PET Shrink Films Market
9.4.5.3.1 U.A.E PET Shrink Films Market by Type
9.4.5.3.2 U.A.E PET Shrink Films Market by End-user Industry
9.4.5.4 Rest of Middle East and Africa PET Shrink Films Market
9.4.5.4.1 Rest of Middle East and Africa PET Shrink Films Market by Type
9.4.5.4.2 Rest of Middle East and Africa PET Shrink Films Market by End-user Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America PET Shrink Films Market Overview
9.5.2 South and Central America PET Shrink Films Market Forecasts and Analysis
9.5.3 South and Central America PET Shrink Films Market Forecasts and Analysis - By Type
9.5.4 South and Central America PET Shrink Films Market Forecasts and Analysis - By End-user Industry
9.5.5 South and Central America PET Shrink Films Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil PET Shrink Films Market
9.5.5.1.1 Brazil PET Shrink Films Market by Type
9.5.5.1.2 Brazil PET Shrink Films Market by End-user Industry
9.5.5.2 Argentina PET Shrink Films Market
9.5.5.2.1 Argentina PET Shrink Films Market by Type
9.5.5.2.2 Argentina PET Shrink Films Market by End-user Industry
9.5.5.3 Rest of South and Central America PET Shrink Films Market
9.5.5.3.1 Rest of South and Central America PET Shrink Films Market by Type
9.5.5.3.2 Rest of South and Central America PET Shrink Films Market by End-user Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PET SHRINK FILMS MARKET, KEY COMPANY PROFILES
11.1. ALLEN PLASTIC INDUSTRIES CO., LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BERRY GLOBAL INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BONSET AMERICA CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FLINT GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HUBEI HYF PACKAGING CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KLöCKNER PENTAPLAST
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KYUNG WON CHEMICAL CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PLASTIC SUPPLIERS, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. POLYPLEX
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TRITON INTERNATIONAL ENTERPRISES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Allen Plastic Industries Co., Ltd.
- Berry Global Inc.
- Bonset America Corporation
- Flint Group
- HUBEI HYF PACKAGING CO., LTD.
- Klöckner Pentaplast
- KYUNG WON CHEMICAL CO., LTD.
- PLASTIC SUPPLIERS, INC.
- Polyplex Corporation Ltd.
- Triton International Enterprises
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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