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Beverage Multipack Shrink Film Market Aims for Notable Growth: Size to Reach $2.53 Billion by 2025, Exclusive Insight into Key Trends
Beverage Multipack Shrink Film Market Aims for Notable Growth
What Is The Projected Market Size Of The Global Beverage Multipack Shrink Film Global Market Report 2025 And Its Growth Rate?
- The beverage multipack shrink film market has been witnessing strong growth over the past years.
- The market size is estimated to increase from $2.38 billion in 2024 to $2.53 billion in 2025 with a compound annual growth rate (CAGR) of 6.4%.
- The growth attributes include increased beverage consumption, adoption of multipack packaging, and focus on branding and marketing strategies.
- The projected market size for 2029 is $3.4 billion at a CAGR of 7.7%, bolstered by improved printing and labelling technologies, and adoption of lightweight and recyclable materials.
What Is Driving The Growth In The Beverage Multipack Shrink Film Global Market Report 2025?
The rise in demand for bottled water is a significant driving force in the growth of the beverage multipack shrink film market. This demand refers to the consumption of water that is packaged in bottles or other containers for human consumption. Bottles of mineral water and carbonated beverages are securely wrapped in shrink film that is tamper-evident, ensuring product integrity throughout storage and transit. According to the World Economic Forum, global consumption of bottled water is predicted to grow from around 350 billion liters in 2021 to 460 billion liters 2030. The increased consumption of bottled water contributes to the growth of the beverage multipack shrink film market.
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Who Are the Key Players Driving Beverage Multipack Shrink Film Global Market Report 2025 Growth?
The following companies are the major players in the beverage multipack shrink film market:
- Amcor PLC
- Berry Global Inc.
- Sonoco Products Company
- Sealed Air Corporation
- Huhtamaki Group
- CCL Industries Inc.
- Sigma Plastics Group
- Novolex Holdings LLC
- Winpak Ltd.
- RKW Group
- Uflex Limited
- ProAmpac LLC
- C-P Flexible Packaging
- Vibac Group S.p.A.
What Are The Key Trends In The Beverage Multipack Shrink Film Global Market Report 2025?
- Innovation in shrink film manufacturing processes
- Technological advancements in shrink film
- Sustainable and eco-friendly packaging materials
- Research and development collaborations in packaging
- Integration of smart packaging features
- Development of anti-counterfeiting features
What Are The Segments Of The Global Beverage Multipack Shrink Film Global Market Report 2025?
The beverage multipack shrink film market report covers the following segments:
- Type: Printed Shrink Film, Unprinted Shrink Film
- Material: Low-Density polyethylene (LDPE), Linear low-Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), Other Materials
- Beverage Container Type: Aluminum Cans, Glass Bottles, Plastic Bottles, Bricks, Trayed Beverages, Other Beverage Container Types
- Distribution Channel: Direct Sales, Distributor
- Application: Beer, Water, Carbonated Soft Drinks (CSD), Other Applications
Which Region Leads The Beverage Multipack Shrink Film Global Market Report 2025?
North America was the largest region in the beverage multipack shrink film market in 2024. Asia-Pacific is projected to be the fastest-growing region in the coming years. Other regions analyzed in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Beverage Multipack Shrink Film Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Beverage Multipack Shrink Film Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Beverage Multipack Shrink Film Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Beverage Multipack Shrink Film Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Beverage Multipack Shrink Film Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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