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Shrink Packaging Market Share

Report ID: GMI12372
Published Date: Nov 2024
Report Format: PDF

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Shrink Packaging Market Share

The competition in the shrink packaging industry is primarily driven by factors such as price, product innovation, differentiation, and distribution networks. Companies are focused on offering cost-effective solutions while maintaining high-quality packaging that meets the diverse needs of industries like food, beverage, healthcare, and consumer goods. Product differentiation plays a crucial role, with key players investing in innovative materials and eco-friendly packaging to meet the growing demand for sustainability. Distribution capabilities also influence competition, as companies strive to expand their reach globally and improve delivery efficiency. Additionally, strong customer service and the ability to customize solutions based on client needs are key competitive advantages in this dynamic market.

Shrink Packaging Market Companies

Major players operating in the shrink packaging industry are:

AEP Industries
Allen Plastic Industries
Amcor
Balcan Innovations
Berry Global
CCL Industries
Coveris Holdings
CP Flexible Packaging
Dow Chemical
Filmsource Packaging
Intertape Polymer Group
Klockner Pentaplast
LyondellBasell Industries
PremiumPack
Sealed Air
Sigma Plastics Group
Smurfit Kappa
Transcendia
Winpak

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for shrink packaging was valued at USD 12.3 billion in 2024 and is projected to reach USD 26.2 billion by 2034, driven by a CAGR of 7.8% from 2025 to 2034.

The tertiary packaging segment is the fastest-growing, with a CAGR of over 9% from 2025 to 2034, driven by the rising global demand for efficient logistics and bulk transportation.

North America holds over 25% of the global market share, driven by increasing demand for efficient packaging solutions across the food and beverage, pharmaceutical, and e-commerce sectors.

Major players in the industry include AEP Industries, Allen Plastic Industries, Amcor, Balcan Innovations, Berry Global, CCL Industries, Coveris Holdings, CP Flexible Packaging, and Dow Chemical.