Foamed Plastics Market Is Projected To Expand At A CAGR Of

NEWARK, Del, Aug. 11, 2022 (GLOBE NEWSWIRE) — As per FMI, the global plastic shrink wrap market is projected to exhibit growth at a CAGR of 4.1% and reach a valuation of US$ 4.5 Bn by 2032. In 2022, the market is anticipated to reach US$ 3 Bn.

Plastic shrink wrap is generally made of polymer plastic film. In this type of packaging, plastic is shaped as per the shape or size of the product or container. It must be heated to 300 F to be properly applied.

Exposure to moisture or water is reduced by using this method, resulting in fewer chances of damage to the product. It forms a tamper-proof seal to protect the product from dust, pests, insects, or other contaminants. Shrink plastic wrap is majorly used for combining small products, wrapping food & boxes, and packing them to increase their durability.

Request Sample Report @

The material used in plastic shrink wrap is generally polyvinyl chloride (PVC), polyethylene terephthalate glycol (PETG), oriented polystyrene (OPS), and several other compositions. PVC is the most preferred and commonly used shrink wrap material for retail sales due to its multi-purpose capabilities and lightweight nature.

Polyvinyl chloride is a combination of three elements, namely, hydrogen, carbon, and chlorine. Shrink wraps are experiencing high demand in the food and beverage industry as they are primarily used to preserve food and beverages during shipping. They also help to maintain the temperature of a food product to extend its shelf life.

Key Takeaways: Plastic Shrink Wrap Market

  • By material, the polyethylene terephthalate glycol (PETG) segment is expected to hold 68.1% of the shrink wrap market share in 2032.
  • By application, the shrink sleeves segment is set to generate about 40% of the global market share in 2032.
  • The U.S. plastic shrink wrap market is expected to be valued at US$ 512 Mn by the end of 2032.
  • The India plastic shrink wrap market is projected to reach a valuation of US$ 214.3 Mn by 2032.
  • The global plastic shrink wrap market exhibited growth at a CAGR of 3.1% over the historical period of 2015 to 2021.

“Plastic shrink wraps are expected to gain traction in the next decade due to surging consumer preference for packaged foods. Premium polyolefin shrink wraps are set to replace PVC shrink wraps due to their ability to provide robust food safety, sustainability, and high tensile strength, comments a FMI analyst.

Ask an Analyst @

High Flexibility and Durability of Plastic Shrink Wraps to Aid Growth

Plastic shrink wrap is highly flexible and due to this factor, packaging can be easily modified and can retain any shape or size. Flexible plastic wrap can also help in developing a tamper-proof package.

As shrink wrap is highly durable, it is difficult to tear and does not become brittle when it comes in contact with sunlight. Apart from durability and resistance to tearing, flexible wraps can increase the shelf-life of the product. Owing to its characteristics of flexibility, durability, and high tear resistance, several manufacturers are opting for this type of packaging, which is set to drive the global market.

Demand for Plastic Shrink Wraps to Surge in the Food Manufacturing Industry

Due to changing lifestyles and rising consumer preference for packaged food items, demand for plastic shrink wraps is increasing across the globe. Plastic shrink wrap acts as a protective barrier, increases the versatility of labeling, is cost-effective, and is intended to increase the shelf life of products. Plastic shrink wrap is a regular choice of food manufacturing companies as it helps in preserving various food and beverages, as well as extending their shelf life.

Competitive Landscape: Plastic Shrink Wrap Market

Some of the key players present in the global plastic shrink wraps market are Amcor plc, International Plastics Inc., Intertape Polymer Group Inc., J K Polyfilm, Coveris Holdings sa, Ceisa Semo, Clondalkin Group, RKW Group, Berry Global Inc., Plastotecnica SpA, Clearpack group, Baroda Packaging, Brentwood Plastic, Inc., Aintree Plastics Limited, Elite Plastics Ltd., Xinjiang Rival Tech Co. Ltd., and Poly-Pack Verpackungs-GmbH & Co. KG.

Get More Exclusive Insights on Plastic Shrink Wrap Market

Future Market Insights, in its new report, offers an unbiased analysis of the global plastic shrink wrap market by material (polyvinyl chloride (PVC), polyethylene terephthalate glycol (PETG), and oriented polystyrene (OPS)) and application (neck banding, shrink sleeves, shrink bundling, wrapping, and others) across seven regions.

Global Plastic Shrink Wrap Market Outlook by Category

By Material:

  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate Glycol (PETG)
  • Oriented Polystyrene (OPS)

By Application:

  • Neck Banding
  • Shrink Sleeves
  • Shrink Bundling
  • Wrapping
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Report Customization available @

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

Have a Look at Related Research Reports of Packaging

Plastic Pails Market Value: The global plastic pails market is estimated at US$ 1,223.6 Mn in 2022 and is projected to reach US$ 1,743.1 Mn by 2030

Plastic Healthcare Packaging Market Demand: The demand for plastic healthcare packaging will rise at a compound annual growth rate (CAGR) of 5.1% between 2021 and 2031

Beverage Packaging Market Size: The global beverage packaging market is estimated at USD 104.8 Bn in 2022 and is projected to reach USD 128.2 Bn by 2027, at a CAGR of 4.1% from 2022 to 2027

Tamper Evident Labels Market Share: The demand for tamper evident labels is projected to rise at a CAGR of 6% during the forecast period. The global tamper evident labels market share is anticipated to be valued at US$ 19,124.6 Mn in 2022

Glass Cosmetic Bottle Market Sales: The global glass cosmetic bottle market is anticipated to exhibit growth at a CAGR of 4.4% from 2022 to 2032 and reach a valuation of US$ 5.4 Bn by 2032

Packaging Inserts Market Trends: The global packaging inserts market was valued at around US$ 2.1 Bn in 2021, registering Y-o-Y growth of 4.0%.

Metal Banding Machine Market Value: The global metal banding machine market was valued at around US$ 660 Mn in 2021, registering year-on-year growth of 3.0%.

Reusable Water Bottles Market Forecast: According to Future Market Insights research, during the projected period, the reusable water bottles market is enjoyed a valuation of US$ 8.9 Billion in 2022

Direct to Garment Printing Market Outlook: The global direct to garment printing market size was valued at around US$ 765 Mn in 2021 and it is likely to reach US$ 822.1 Mn in 2022

Molded Pulp Packaging Machines Market Growth: The global molded pulp packaging machines market is set to enjoy a valuation of US$ 570.8 Mn in 2022

Download complimentary copy of FMI’s white paper on ‘Intelligent Packaging for Circular Economy’ in collaboration with Graham Packaging and Avery Dennison

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.


Future Market Insights Inc.  
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA  
T: +1-845-579-5705  
For Sales Enquiries:   
Browse latest Market Reports:

Leave a Reply

Your email address will not be published. Required fields are marked *