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High Abuse Shrink Bags Market - Trends and Opportunities for the Industry by 2024
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Raw materials play a major role in packaging films in order to gain popularity among meat packaging manufacturers and retailers in the future. For instance, material like Ethylene Vinyl Alcohol (EVOH), which is highly used in high abuse shrink bags has properties such as high gas barrier, amazing strength and environmentally friendly as compared to other raw materials.
High Abuse Shrink Bags Market: Drivers and Restraints
According to the U.S Food and drug administration, sales of fresh meat majorly accounts for about 65% of the overall food sales thus creating ample opportunities for high abuse shrink bags consumption, which in turn driving high abuse shrink bags market. Moreover, the food sector coupled with food service restaurants have shown a promising growth in the recent past years which is fueling the growth of meat packaging as well as the high abuse shrink bags market.
Food packaging acts majorly driving the growth of the high abuse shrink bags market as flexible packaging accounts for nearly 50% of the total food packaging market. The rise in prices of meat products can be a major challenge to the global high abuse shrink bags market.
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High Abuse Shrink Bags Market: Region wise Outlook
In terms of geography, the global high abuse shrink bags market is divided into majorly five regions namely North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Among these regions, North America and Europe are expected to collectively dominate the global high abuse shrink bags market throughout 2016 to 2024. North America, being the largest producer of meat packaging which is attributed to the huge usage of high abuse shrink bags in the developed countries of North America. However, the trend is gradually picking up the pace in developed markets for the global high abuse shrink bags market. Furthermore, Asia Pacific is expected to be primarily driven mainly by china, Japan and India in the global high abuse shrink bags market. Latin America and Middle East & Africa are expected to witness steady growth over the forecast period. In Latin America, Brazil, Argentina and Mexico are expected to create market opportunities for companies involved in the high abuse shrink bags market.
High Abuse Shrink Bags Market: Segmentation
On the basis of material type, the global high abuse shrink bags market is segmented into
Ethylene Vinyl Alcohol (EVOH)
Ethylene-Vinyl Acetate (EVA)
Polyolefin
Polyethylene (PE)
Polypropylene (PP)
Polyester (PET)
Polyamide (PA)
Polyvinylidene chloride (PVDC)
On the basis of application type, the global high abuse shrink bags market is segmented into
Fresh Meat
Frozen Fish and Sea Food
Non gassing Cheese
Non-ripening cheese
Others
On the basis of meat type, the global high abuse shrink bags market is segmented into
Beef
Veal
Lamb
Pork
Others
High Abuse Shrink Bags Market: Key Players
Some of the key players in the global high abuse shrink bags market includes Bemis Krehalon UK Ltd., Flexopack, Krehalon Industries B.V., EPACKAGING LLC., TDI PACKSYS LLC, Apex Packaging Corporation, Printpack, Fortune Plastics, Novolex, and Berry Plastics Group Incorporated, Fuji Seal International Incorporated, Inteplast Group Limited and many more.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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