Report : North America 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)
Round Bottom Seal segment to dominate the North America PVDC Shrink Bags Market during 2020–2028
According to a new market research study on “North America PVDC Shrink Bags Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Bag Type and Application” is expected to reach US$ 296.583 million by 2028 from US$ 238.015 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report provides trends prevailing in the North America PVDC shrink bags market along with the drivers and restraints pertaining to the market growth. Surging use of high barrier shrink bags in food packaging, raising consumption of meat, poultry, and seafood products, and fostering growth of online retail sector are the major factor driving the growth of the North America PVDC shrink bags market. However, toxic effects of PVDC on environment hinders the growth of North America PVDC shrink bags market.
The North America 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 North America 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 North America PVDC shrink bags market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share; the market in this 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; EEZYPAK; and WINPAK LTD are among the leading companies in the North America 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, Winpak partners with Auburn University on Shelf life research.
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