Report : Asia Pacific PVDC Shrink Bags Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Bag Type (Round Bottom Seal, Straight Bottom Seal, and Side Seal) and Application (Meat, Poultry and Seafood, Cheese and Other Dairy Products, and Others)
Meat segment to dominate the Asia Pacific PVDC Shrink Bags Market during 2020–2028
According to a new market research study on “Asia Pacific PVDC Shrink Bags Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Bag Type and Application” is expected to reach US$ 597.83million by 2028 from US$ 459.12 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific PVDC shrink bags market along with the drivers and restraints pertaining to the market growth. Surging growth of online retail sector, scaling preferences towards convenience packaging products, and elevating use of high barrier shrink bags in food packaging are the major factor driving the growth of the Asia Pacific PVDC shrink bags market. However, hazardous effects of PVDC on environment hinders the growth of Asia Pacific PVDC shrink bags market.
The Asia Pacific 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 a larger share of the market, and it is also expected to register a higher CAGR during the forecast period. Based on application, the Asia Pacific 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. Further, based on country, the Asia Pacific PVDC shrink bags market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. In 2020, China held the largest market share; and the same country is also expected to grow at the fastest 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; and EEZYPAK are among the leading companies in the Asia Pacific PVDC shrink bags market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For Instance, Astar is gearing up to meet the demand for faster, better opportunity of the future with a new USD 286 million joint research investment for expansion of PVDC/PVC (shrink bags) to be initiated at the center of excellence packaging in Singapore.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com