Shrink Wrap Packaging Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing, Cost Structure Intelligence & Analysis Report 2020–2025
Shrink wrap is an adaptable polymer material that is used
for the packaging of finished goods. Shrink wrap film is available in a variety
of types, thicknesses, clarities, strengths, and shrink ratios, which can be
employed alone or in conjunction with one another to create the precise type of
layering and protection for your product. With the recent changes in the
manufacturing industries due to the COVID-19 pandemic, several steps have been
considered to ensure that various products continue seamlessly.
The
shrink wrap market has witnessed the continuous high demand from the food and
beverage, electronics, pharmaceuticals, and cosmetics industries. The demand
for products has witnessed to grow in online purchases, as more consumers have
sought to seek things virtually, while curbing the rising lack of clients at
their physical stores, and reduce the spread of infection.
Shrink
wrap packaging is manufactured to bind the product components to prevent the
product from spillage and ensure proper storage, particularly when shipping and
transportation. Shrink wraps consist of a polymer plastic wrap that consists of
polyolefin, polyethylene, and PVC, each offering unique characteristics for use
in different areas.
Read report summary or
request sample copy of the report @ Shrink
Wrap Packaging Market Procurement Intelligence, Supplier Intelligence, Supplier
Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement
Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025
Demand Outlook
The
global stretch and shrink film market size was estimated at USD 14.27 billion
in 2019 and is projected to register a 5.5% CAGR during the forecast period.
The burgeoning food processing industry is expected to drive the market growth.
In addition, high demand for fruits, vegetables, and other food products is
expected to further drive the product demand.
Rising
replacement of conventional packaging materials with stretch and shrink films
can be attributed to the growth of the market in the U.S. The country is one of
the largest manufacturers of processed food which is a major application area
for stretch films in both primary and secondary packaging. Increased consumption
of fresh products, such as cold salads is expected to drive the shrink wrap
segment growth, with major application in consumer goods industry for
form-fill-seal applications, adhesive labels, sleeves, collation wrap, and
pre-made pouches.
Cost Drivers
Considering
the advantage of shrink film's strength and durability, most manufacturing
companies have been able to remove corrugated packaging from their multi-pack
products. Heavy products can be securely wrapped in shrink which eliminates the
need for a corrugated tray. Lightweight items (like single-serve chips and
snacks) can be packaged in a polybag. Along with reducing cost of packaging,
shrink wraps also help to minimize shelf footprint and opens up space in the
facility.
With
continuous improvement in technologies, manufacturers can further optimize
packaging for cost reduction by down-gauging or selecting a lower-width film.
Working with a packaging specialist to conduct a film audit for the packaging
line, will help the client in understanding the options available for
packaging.
Check out the featured Addon Services offered with Shrink Wrap Packaging Market
Procurement Intelligence Report:
About us:
A smart and effective supply chain is
essential for growth in any organization. Pipeline division at Grand View
Research provides detailed insights on every aspect of the supply chain which
helps in efficient procurement decisions.
Our services include (not
limited to):
Market Intelligence involving - market
size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing
models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence -
best practices followed in the industry, identifying standard KPIs and SLAs,
peer analysis, negotiation strategies to be utilized with the suppliers, and
best-suited countries for sourcing to minimize supply chain disruption
Browse our other Reports:
Medical Writing Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027
· Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Find More information @ https://www.grandviewresearch.com/pipeline
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Comments
Post a Comment