TECHGuru

  Shrink Films Market: Over 35% of the Total Sales Are Estimated to Be Generated by the Meat, Poultry, and Seafood Segment in Food by 2027  The global shrink films market was valued at US$ 4.16 Bn in 2018 and is projected to expand at a CAGR of 5.1%, during the forecast period (2018-2026). Among the packaging industry, flexible packaging is one of the fastest growing segments and is widely replacing rigid packaging segment for various applications. Shrink films are flexible packaging films that are sealed around a product and shrink tightly when heat is applied. Shrink films find wide usage in packaging of food items and other consumer goods. Shrink films find applications in packaging of food such as meat, poultry and seafood, bakery & confectionary, and various others. Shrink films are primarily made up of polyethylene material which is cost efficient as compared to other raw materials. On the other hand, polypropylene shrink films have high heat resistan...