PVDC Shrink Bags Market Key Companies and SWOT Analysis by 2028

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 This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

PVDC Shrink Bags Market: Strategic Insights

• Get Top Key Market Trends of this report.
  This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Free Sample PDF

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.

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.

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

PVDC Shrink Bags Market Regional Insights

The regional trends and factors influencing the PVDC Shrink Bags Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses PVDC Shrink Bags Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

PVDC Shrink Bags Market Report Scope

PVDC Shrink Bags Market Players Density: Understanding Its Impact on Business Dynamics

The PVDC Shrink Bags Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

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.