Report : Europe 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 Europe PVDC Shrink Bags Market during 2020–2028
According to a new market research study on “Europe PVDC Shrink Bags Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Bag Type and Application” is expected to reach US$ 351.51 million by 2028 from US$ 275.88 million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028. The report provides trends prevailing in the Europe PVDC shrink bags market along with the drivers and restraints pertaining to the market growth. Scaling consumption of meat, poultry, and seafood products, strengthening growth of online retail sector, and surging preferences towards convenience packaging products are the major factor driving the growth of the Europe PVDC shrink bags market. However, negative effects of PVDC on environment hinders the growth of Europe PVDC shrink bags market.
The Europe 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 Europe 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 Europe PVDC shrink bags market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. In 2020, the Rest of Europe held the largest market share; and Germany is 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; EEZYPAK; SCHUR FLEXIBLES HOLDING GESMBH; and SPEKTAR D.O.O. are among the leading companies in the Europe 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, Now ALLFO has introduced a vacuum bag featuring the renowned high barrier, while being fully recyclable. This particular bag type is manufactured from a recyclable polypropylene structure classified as ultra-pure in the AAA category.
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