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:
· Industrial Gases 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
· Industrial Valves 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
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
At Newpack we stock high quality shrink wrap for all your packaging needs.
These shrink wrap has more than 400% stretching effect that greatly reducing the cost of use.
They go for shrink wrapping when they are planning to protect their boat.
Moreover, they also shrink wrap their boat in the winter season to store it in the storage facility.
Generally, the shrink wrap is a plastic film that you can wrap around your boat and on other objects irrespective of their shape and size.
When the wrap shrink, it fixes well with the shape of the object and seals itself.
To get your boat shrink wrapped properly, it is better to contact an expert company for availing the boat shrink wrap Cape Cod services.
In this case, you need to get professional detailing to restore the exterior for your boat.
