PVDC Shrink Bags Market Demand and Global Analysis by 2028

PVDC Shrink Bags Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Bag Type (Round Bottom Seal, Straight Bottom Seal, and Side Seal) and Application (Meat, Poultry & Seafood, Cheese & Other Dairy Products, and Others)

  • Report Code : TIPRE00020346
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 140
Buy Now

The PVDC shrink bags market was valued at US$ 1,088.39 million in 2021 and is projected to reach US$ 1,383.37 million by 2028; it is expected to grow at a CAGR of 3.5% from 2021 to 2028.

PVDC shrink bags are developed to provide solutions for convenient packaging of food products. They are a type of vacuum packaging with high barrier and shrink to protect food products such as meat and seafood from external temperature and moisture.

In 2020, Asia Pacific held the largest revenue share of the global PVDC shrink bags market. The various countries in Asia Pacific are witnessing a surge in barrier packaging of food products, especially meat and seafood, which is fueling the market growth. The market for PVDC shrink bags across Asia Pacific has witnessed notable growth due to the rapid expansion of the food packaging industry, coupled with the increase in consumption of non-vegetarian food.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

PVDC Shrink Bags Market: Strategic Insights

pvdc-shrink-bags-market
Market Size Value inUS$ 1,088.39 Million in 2021
Market Size Value byUS$ 1,383.37 Million by 2028
Growth rateCAGR of 3.5% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
Analyst Image

Shejal

Have a question?

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst


Impact of COVID-19 Pandemic on PVDC Shrink Bags Market

The ongoing COVID-19 pandemic has drastically altered the status of the chemicals & materials sector and impacted the growth of the PVDC shrink bags market. Various industries have been negatively affected by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. The crisis has declined the demand for certain types of packaging while accelerating growth for others such as packaging for e-commerce shipments. The COVID-19 pandemic has directly and indirectly impacted meat production, processing, and distribution, negatively impacting the demand for meat packaging products. As the economies are reviving their operations, the demand for PVDC shrink bags is expected to rise globally during the forecast period.

Global PVDC Shrink Bags Market Breakdown – by Region

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights


Growing Consumption of Meat, Poultry, and Seafood Products

The demand for meat is generally increasing globally due to the factors such as a rise in population growth, rise in income, and increase in urbanization. Rising living standards and income levels allow more people to incorporate meat into their regular diet. Poultry is regarded as one of the cost-effective protein sources, and as a result, the demand for poultry meat continues to rise in different countries globally. Poultry meat production and consumption have been increasing steadily for many years worldwide.

The rising public awareness about the importance of fish in healthy and diversified diets has driven seafood consumption upward. 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 worldwide drives the PVDC shrink bags market.

Application Insights

Based on application, the global PVDC shrink bags market has been segmented into meat, poultry & seafood, cheese & other dairy products, and others. The meat segment held the largest share of the global PVDC shrink bags market in 2020. PVDC is a commonly preferred packaging material for fresh meat as it provides an excellent barrier to oxygen and water vapor. PVDC shrink bags are used for packaging fresh meat, meat with bones, frozen meat, and processed meat. The extensive use of PVDC shrink bags in meat packaging drives the market.

PVDC Shrink Bags Market, by Application – 2020 and 2028

chemicals-and-materials
PVDC Shrink Bags Market, by Application – 2020 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Allfo GmbH & Co. KG; Astar Packaging Pte Ltd.; Dow; Eezypak; PREMIUMPACK GMBH; SCHUR FLEXIBLES; Sealed Air; Spektar d.o.o.; Sunrise Packaging Material (Jiangyin) Co., Ltd; and WINPAK LTD. are among the leading players operating in the global PVDC shrink bags market. Players operating in the market are highly focused on the development of high-quality and innovative product offerings to fulfill the customer’s requirements.

Report Spotlights

  • Progressive industry trends in the PVDC shrink bags market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the PVDC shrink bags market from 2019 to 2028
  • Estimation of global demand for PVDC shrink bags
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, as well as factors driving and restraining the growth of the PVDC shrink bags market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the PVDC shrink bags market size at various nodes
  • Detailed overview and segmentation of the market, as well as the PVDC shrink bags industry dynamics
  • Size of the PVDC shrink bags market in various regions with promising growth opportunities

Global PVDC Shrink Bags Market

  • Bag Type
    • Round Bottom Seal
    • Straight Bottom Seal
    • Side Seal
  • Application
    • Meat
    • Poultry & Seafood
    • Cheese & Other Dairy Products
    • Others

Company Profiles

  • Allfo GmbH & Co. KG
  • Astar Packaging Pte Ltd.
  • Dow
  • Eezypak
  • PREMIUMPACK GMBH
  • SCHUR FLEXIBLES
  • Sealed Air
  • Spektar d.o.o.
  • Sunrise Packaging Material (Jiangyin) Co., Ltd
  • WINPAK LTD.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Bag Type and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global PVDC shrink bags market?

The major players operating in the global PVDC shrink bags market are Allfo GmbH & Co. KG; Astar Packaging Pte Ltd.; Dow, Eezypak; PREMIUMPACK GMBH; SCHUR FLEXIBLES; Sealed Air; Spektar d.o.o.; Sunrise Packaging Material (Jiangyin) Co.,Ltd; and WINPAK LTD..

During the forecast period, which region is anticipated to account for the largest share of the global PVDC shrink bags market?

During the forecast period, Asia-Pacific is anticipated to account for the largest share of the global PVDC shrink bags market. Asia-Pacific region comprises several developed and developing economies, including China, India, Japan, South Korea, among others. The various countries from the Asia Pacific region are witnessing an upsurge due to growth in barrier packaging of food products especially meat and seafood which is fueling the market growth during the forecast period. The market for PVDC shrink bags across the region has witnessed notable growth owing to the rapid expansion of the food packaging industry coupled with the increasing consumption of non-vegetarian food across the region.

On the basis of application, which segment led the global PVDC shrink bags market in 2020?

Based on application, the meat segment led the global PVDC shrink bags market in 2020. The growth of the meat segment is primarily attributed to the growing application of PVDC shrink bags in meat packaging. The consumption of meat is increasing among consumers across the globe, this can also be related to rising income coupled with expenditure on food. The preferences of consumers for the convenient packaging of food products have also increased. PVDC shrink bags are used for convenient packaging of meat products and also increase the shelf life of products. Thus, the meat segment is dominating the market.

What are the drivers for the growth of the global PVDC shrink bags market?

Growing consumption of meat and superior advantages offered by PVDC shrink bags in the meat packaging are the key factors driving the PVDC shrink bags market during the forecast period. Besides, increasing prospects in urbanization and population in developing economies hold potential growth opportunities for the market. The increasing preferences of non-vegetarian food in some countries due to changes in culinary style has boosted the demand for frozen food in the hotel industry and thus to maintain the shelf life and to protect the food from outside temperature and moisture the demand for PVDC material for shrink bags has also increased.

On the basis of bag type, which segment led the global PVDC shrink bags market in 2020?

Based on bag type, the round bottom seal segment led the global PVDC shrink bags market in 2020. Several types of shrink bags are available in the market, depending upon the application for which they are required. These bags have three enclosed sides and one open side. Shrink bags are available in different sizes. Shrink bags with round bottom seals are suitable for fresh meat, sausage meat, and export purposes.

What are the trends for the global PVDC shrink bags market?

The shift toward consumer convenience is a fast-rising trend in packaging. There are different components involved in effective product packaging. Convenience is an important component of product packaging. With consumers living increasingly busy lifestyles, convenience is a key element that influences their purchasing decisions. Consumers are increasingly demanding variety with the type of item as well as the size of the package. The demand for convenience packaging is increasing. The different convenience features such as easy opening, portability, and one-handed use are driving the food-packaging innovation.

The List of Companies - PVDC Shrink Bags Market

  1. The Dow Chemical Company
  2. ALLFO GMBH AND CO. KG
  3. ASTAR PACKAGING PTE LTD
  4. EEZYPAK
  5. PREMIUMPACK GMBH
  6. SCHUR FLEXIBLES HOLDING GESMBH
  7. Sealed Air
  8. SPEKTAR D.O.O.
  9. Sunrise Packaging Material (Jiangyin) Co.,Ltd
  10. WINPAK LTD.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to PVDC Shrink Bags Market