What is Global Shrink Film for Beverage Multipacks Market?
The Global Shrink Film for Beverage Multipacks Market is a sector that focuses on the production and distribution of shrink film used for packaging multiple beverage units together. This type of packaging is commonly seen in the beverage industry, particularly with products like beer, water, and carbonated soft drinks. The shrink film is designed to tightly wrap around the beverage units, providing a secure and efficient method of packaging. The global market for this product is vast and diverse, with numerous manufacturers and distributors operating in various regions around the world. The market's value was estimated to be US$ 891.4 million in 2022, and it is projected to reach US$ 1366.8 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 6.0% from 2023 to 2029.
Printed Shrink Film, Unprinted Shrink Film in the Global Shrink Film for Beverage Multipacks Market:
The Global Shrink Film for Beverage Multipacks Market is segmented into two main categories: Printed Shrink Film and Unprinted Shrink Film. Printed Shrink Film is a type of shrink film that has been printed with designs or logos, often used for branding purposes. On the other hand, Unprinted Shrink Film is a plain, clear shrink film that does not have any printed designs. It is often used for products where visibility of the product through the packaging is important. The market for unprinted shrink film is significantly larger, accounting for over 80% of the total market. This could be due to its versatility and cost-effectiveness compared to printed shrink film.
Beer Multipacks, Water Multipacks, Carbonated Soft Drinks (CSD), Others Multipacks in the Global Shrink Film for Beverage Multipacks Market:
The Global Shrink Film for Beverage Multipacks Market is widely used in various areas of the beverage industry. One of the main uses is for Beer Multipacks. Shrink film is used to package multiple units of beer together, making it easier for consumers to carry and store. It is also used for Water Multipacks, providing a convenient and efficient method of packaging multiple water bottles together. Another major use is for Carbonated Soft Drinks (CSD) Multipacks. The shrink film is used to securely package multiple units of CSD together, preventing damage and ensuring the products reach the consumers in good condition. Other uses of shrink film in the beverage industry include packaging for juice, energy drinks, and other types of beverages.
Global Shrink Film for Beverage Multipacks Market Outlook:
The Global Shrink Film for Beverage Multipacks Market is a dynamic and rapidly growing sector. The market was valued at US$ 891.4 million in 2022 and is expected to reach US$ 1366.8 million by 2029, indicating a strong growth trajectory. This growth is driven by a variety of factors, including the increasing demand for convenient and efficient packaging solutions in the beverage industry. The market is dominated by a few key players, with the top 5 companies holding about 48% of the market share. In terms of regional distribution, North America and Europe are the largest markets, each accounting for about 34% of the total market. Asia Pacific follows closely behind, with a market share of about 24%. The remaining 17% is shared among other regions around the world. In terms of product type, unprinted shrink film is the most popular, accounting for over 80% of the market. This could be due to its versatility and cost-effectiveness, making it a preferred choice for many beverage manufacturers.
Report Metric | Details |
Report Name | Shrink Film for Beverage Multipacks Market |
Accounted market size in 2023 | US$ 963.6 million |
Forecasted market size in 2029 | US$ 1366.8 million |
CAGR | 6.0 |
Base Year | 2023 |
Forecasted years | 2023 - 2029 |
Segment by Type |
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Segment by Application |
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Segment by Region |
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By Company | Berry Plastics Corporation, Sealed Air Corporation, Bemis Company, Coveris Holdings, Reynolds, Sigma Plastics, Clondalkin, Polyrafia, Crayex Corporation, Tri-Cor, Amcor, RKW, TC Transcontinental, Plastotecnica, Linyi Yuanhao |
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |