Barrier Shrink Bags Market Projected to Reach US$ 3,968.3 Million by 2033, Reports Market Analysis

Posted on By Future Market Insights

The barrier shrink bags market is witnessing significant growth, with estimates indicating a value of around US$ 2,112.3 million in 2023. According to recent data from market analysis, the global sales of the barrier shrink bags market are expected to achieve a remarkable CAGR of 5.9% from 2023 to 2033, reaching a projected value of US$ 3,968.3 million by 2033.

Key Market Insights:

  1. Superior Properties Driving Demand:
    Barrier shrink bags are gaining traction among end-users due to their excellent sealing properties, puncture resistance, transparency, and other beneficial features. The rising preference for convenient and flexible packaging solutions is a key driver propelling the demand for barrier shrink bags across various industries.
  2. Extended Shelf Life and Food Safety Concerns:
    Barrier shrink bags play a crucial role in extending the shelf life of packaged products, particularly meat, poultry, cheese, seafood, and more. With increasing concerns about food safety and regulations by national governments, manufacturers and retailers are turning to barrier shrink bags to maintain high-quality standards in food packaging.

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Customized and Consumer-Convenient Packaging Solutions:
The trend towards customized and consumer-convenient packaging solutions is fueling the adoption of barrier shrink bags. Consumers are attracted to packaging options that offer single-handed use, portability, and easy opening features. Barrier shrink bags provide protection against moisture, gases, and other elements, making them a preferred choice among consumers.Moreover, printing on barrier shrink bags serves as an effective branding technique, allowing brand owners to differentiate their products and attract consumer attention in competitive markets.

Growth Opportunities in the Barrier Shrink Bags Industry:

  1. E-commerce Packaging Demand: The increasing trend of online shopping is driving the demand for efficient and protective packaging solutions, positioning barrier shrink bags as a crucial packaging choice for e-commerce businesses.
  2. Food Industry Expansion: With a rising global population and changing consumer preferences, the food industry is expanding rapidly. Barrier shrink bags provide extended shelf life and enhanced product protection, making them indispensable for the food packaging sector.
  3. Sustainability Focus: Growing environmental concerns have led to a surge in demand for sustainable packaging solutions. Barrier shrink bags with eco-friendly materials and recyclability features are poised for significant growth as companies strive for more sustainable packaging options.
  4. Customization and Branding: Consumer engagement is becoming increasingly important. Barrier shrink bags offer opportunities for unique branding and customization, allowing companies to differentiate their products and enhance their market presence.
  5. Technological Advancements: Ongoing technological advancements in materials and manufacturing processes are improving the performance and cost-effectiveness of barrier shrink bags. Companies investing in research and development to enhance these technologies can gain a competitive edge.

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Industry Trends in Barrier Shrink Bags:

  1. Smart Packaging Integration: The integration of smart packaging technologies, such as RFID tags and QR codes, into barrier shrink bags is a growing trend. This enables better traceability, authenticity verification, and enhanced communication with consumers.
  2. Focus on Lightweight Materials: To address sustainability concerns and reduce transportation costs, the industry is trending towards the use of lightweight materials without compromising on barrier properties. This trend aligns with the broader movement towards eco-friendly packaging solutions.
  3. Antimicrobial Packaging Solutions: With increasing awareness of food safety, there is a rising trend in the use of antimicrobial coatings in barrier shrink bags. These coatings help extend the shelf life of products by inhibiting the growth of bacteria, mold, and other microorganisms.
  4. Global Supply Chain Challenges: The barrier shrink bags market is affected by global supply chain disruptions, impacting the availability and pricing of raw materials. Companies are adopting agile supply chain strategies to navigate uncertainties and ensure a stable production flow.
  5. Regulatory Compliance and Certification: Stringent regulations regarding food safety and packaging materials are influencing the barrier shrink bags market. Compliance with international standards and obtaining certifications for safety and quality are becoming crucial for market players to meet industry requirements and gain consumer trust.

Key Takeaways:

  • The high barrier shrink bags segment will expand at a CAGR of 6.1%, reaching US$ 1.6 Bn by the end of 2027.
  • By application, the meat segment will generate US$ 381 Mn opportunity.
  • Based on type, side sealed product type will grow at 6.0% CAGR, arriving at a value of US$ 1.4 Bn in 2027.
  • North America will account for 26% of the global market share.
  • The United States will hold 92% of the target market share in North America through 2027.
  • The barrier shrink bags industry in Italy will expand by 1.7x, creating a revenue opportunity of US$ 24 Mn during 2022-2027.

Competitive Landscape 

Amcor plc., Sealed Air Corporation, Winpak Ltd., Kureha Corporation, Schur Flexibles Group, Flavorseal Llc., BUERGOFOL GmbH, Flexopack S.A., Globus Group, Allfo Vakuumverpackungen Hans Bresele Kg, PREMIUMPACK GmbH, Kuplast, Vac Pac Inc., Vector Packaging Inc., Astar Packaging Pte Ltd., Millepack srl., and Spektar d.o.o, among others are some of the major players in the barrier shrink bags industry profiled in the full version of the report.

Leading market players are concentrating on product development and releasing new products to increase their product portfolios. These organizations are keen on expanding their operations and launching innovative product lines to strengthen their market presence.

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Barrier Shrink Bags Market by Category

By Barrier Type:

  • High Barrier Shrink Bags
  • Ultra High Barrier Shrink Bags

By Application:

  • Meat
  • Seafood
  • Poultry
  • Cheese & Dairy Products
  • Other Foods

By Product Type:

  • Round Bottom Sealed
  • Straight Bottom Sealed
  • Side Sealed

By Material Type:

  • Polyethylene
    • Low Density Polyethylene (LDPE)
    • Linear Low Density Polyethylene (LLDPE)
  • Polypropylene
  • Polyamide
  • Ethylene Vinyl Alcohol (EVOH)
  • Polyvinylidene Chloride (PVDC)
  • Others

By Thickness:

  • Up to 50 microns
  • 51 to 70 microns
  • 71 to 90 microns
  • 91 to 110 microns
  • Above 110 microns

By Abuse Strength:

  • High Abuse
  • Low Abuse

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

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