Europe PVDC Shrink Bags Market Overview and Growth by 2028

The PVDC shrink bags market in Europe is expected to grow from US$ 275.88 million in 2021 to US$ 351.51 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028.

The demand for meat is generally increasing due to the factors such as growth in population, rise in income, and urbanization. Rising living standards and income levels allow people to incorporate meat into their regular diet. Pork and poultry dominate meat consumption, which is surging demand. Poultry is regarded as one of the cost-effective protein sources. Thus, the demand for poultry meat continues to rise in different countries across the region. Poultry meat production and consumption have been increasing steadily for many years. The European Union (EU) is one of the major chicken meat producers across the world. According to “The EU poultry meat and egg sector” 2019 issued by European Parliament, the European Union (EU) produced around 15 million tons of poultry meat in 2018, representing a cumulative rise of nearly 3.3 million tons in 10 years, since 2008. The rising public awareness about the importance of fish in healthy and diversified diets has driven seafood consumption upward. Fish consumption in the region has been driven by dramatic increase in fish production and the growth of international fish trade. The PVDC shrink bags are extensively used in the packaging of meat, poultry, and seafood products. Hence, the growing consumption of meat, poultry, and seafood products in different countries across Europe drives the regional PVDC shrink bags market.

With the introduction of new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the growth of the Europe PVDC shrink bags market at a substantial CAGR during the forecast period.

Europe PVDC Shrink Bags Market Revenue and Forecast to 2028 (US$ Million)

Europe PVDC Shrink Bags Market Segmentation

The Europe PVDC shrink bags market is segmented on the basis of bag type, application, and country. Based on bag type, the market is segmented into round bottom seal, straight bottom seal, and side seal. In 2020, the round bottom seal segment held the largest share of the market, and it is expected to register the highest CAGR during the forecast period. Based on application, the Europe PVDC shrink bags market is segmented into meat, poultry and seafood, cheese and other dairy products, and others. In 2020, the meat segment held the largest market share, and it is also expected to register the highest CAGR in the market during the forecast period. By country, the Europe PVDC shrink bags market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In 2020, the Rest of Europe held the largest market share; and Germany is expected to register the highest CAGR during the forecast period.

B The Dow Chemical Company; ALLFO GMBH AND CO. KG; ASTAR PACKAGING PTE LTD; Sealed Air; PREMIUMPACK GMBH; Sunrise Packaging Material (Jiangyin) Co., Ltd; EEZYPAK; SCHUR FLEXIBLES HOLDING GESMBH; and SPEKTAR D.O.O. are among the leading companies in the Europe PVDC shrink bags market.

Europe PVDC Shrink Bags Report Scope