Beverage Multipack Shrink Film Market Report 2023-2032: Market Size, Growth Drivers And Key Trends

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Beverage Multipack Shrink Film Global Market Report 2023 identifies Rising demand for bottled water as the major driver for the Beverage Multipack Shrink Film market's growth in the forecast period. Bottled water refers to water sealed in bottles or other containers for human consumption with no additional components. Shrink film is used in the packaging of multipack beverages to create a secure and tamper-evident wrapping for bottles of mineral water and carbonated beverages to maintain product integrity throughout storage and transit.

The global beverage multipack shrink film market is expected to grow from $2.10 billion in 2022 to $2.24 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The beverage multipack shrink film market is expected to reach $2.87 billion in 2027 at a CAGR of 6.3%.

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Major competitors in the Beverage Multipack Shrink Film market are Amcor PLC, Berry Global Inc., Sonoco Products Company, Sealed Air Corporation, Huhtamaki Group, CCL Industries Inc., Sigma Plastics Group.

A key trend in the Beverage Multipack Shrink Film market includes product innovations. Major companies operating in the beverage multipack shrink film market are focused on innovating new products and solutions to sustain their position in the market. For instance, in November 2021, Dow, a US-based sustainable materials science company, partnered with Lotte Chilsung Beverage Co Ltd., a South Korea-based drink manufacturer, to launch a new collation shrink film (CSF) for bottled water made from a material containing 20% post-consumer recycled (PCR) content. This partnership will utilize the CFS as additional packaging for Lotte's Icis 8.0 Eco bottled water, which has no additional plastic labels.

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The Beverage Multipack Shrink Film market is segmented -
• By Type: Printed Shrink Film, Unprinted Shrink Film
• By Material: Low-density polyethylene (LDPE), Linear low-density polyethylene (LLDPE), Polyvinyl Chloride (PVC), Other Materials
• By Beverage Container Type: Aluminum Cans, Glass Bottles, Plastic Bottles, Bricks, Trayed Beverages, Other Beverage Container Types
• By Distribution Channel: Direct Sales, Distributor
• By Application: Beer, Water, Carbonated Soft Drinks (CSD), Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Beverage Multipack Shrink Film market.
The Business Research Company's "Global Beverage Multipack Shrink Film Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Beverage Multipack Shrink Film Market Include:

1. Executive Summary
2. Beverage Multipack Shrink Film Market Characteristics
3. Beverage Multipack Shrink Film Market Trends And Strategies
4. Beverage Multipack Shrink Film Market - Macro Economic Scenario
5. Global Beverage Multipack Shrink Film Market Size and Growth
………………………………………………….
32. Global Beverage Multipack Shrink Film Market Competitive Benchmarking
33. Global Beverage Multipack Shrink Film Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Beverage Multipack Shrink Film Market
35. Beverage Multipack Shrink Film Market Future Outlook and Potential Analysis
36. Appendix

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