Shrink Films Market Intelligence Study for Comprehensive Insights According to Stratistics MRC, the Global Shrink Films Market is accounted for $3.82 billion in 2017 and is expected to reach $6.87 billion
BriefingWire.com, 5/06/2021 - According to Stratistics MRC, the Global Shrink Films Market is accounted for $3.82 billion in 2017 and is expected to reach $6.87 billion by 2026 growing at a CAGR of 6.7% during the forecast period. Rising e-commerce industry and huge demand from end-use industries are some of the factors propelling the market growth. However, price fluctuation and strict regulations by various governments are hampering the market growth.
By Material type, Polyethylene (PE) segment has witnessed the considerable growth during the forecast period due to rise in automated packaging machines with an integrated heat tunnel for precise closure. Based on geography, Asia Pacific holds the largest market share during the f