Report : South 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)
Poultry and Seafood is Expected segment to dominate the South America PVDC Shrink Bags Market during 2020–2028
According to a new market research study on “South 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$ 46.97 million by 2028 from US$ 40.31 million in 2021. The market is estimated to grow at a CAGR of 2.2% from 2021 to 2028. The report provides trends prevailing in the South America PVDC shrink bags market along with the drivers and restraints pertaining to the market growth. Higher preferences towards convenience packaging products, uplifting use of high barrier shrink bags in food packaging, and intensifying growth of online retail sector are the major factor driving the growth of the South America PVDC shrink bags market. However, contagious effects of PVDC on environment hinders the growth of South America PVDC shrink bags market.
The South 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 straight bottom seal segment held a larger share of the market; and round bottom seal is expected to register a higher CAGR during the forecast period. Based on application, the South America PVDC shrink bags market is segmented into meat, poultry and seafood, cheese and other dairy products, and others. In 2020, the poultry and seafood segment held the largest market share; and meat is expected to register the highest CAGR in the market during the forecast period. Further, based on country, the South America PVDC shrink bags market is segmented into Brazil, Argentina, and Rest of SAM. In 2020, Brazil held the largest market share; and the same country 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; and EEZYPAK are among the leading companies in the South 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, Dow's packaging solutions to help tackle food waste at K 2019.
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