PVDC Shrink Bags Market Research Report and Outlook by 2028

In 2021, the PVDC shrink bags market was valued at approximately US$ 1,088.39 million and is anticipated to grow to around US$ 1,383.37 million by 2028, reflecting a compound annual growth rate (CAGR) of 3.5% during the period from 2021 to 2028.

The anticipated growth of the PVDC shrink bags market is largely attributed to the increasing consumption of meat and the distinct advantages these bags provide for meat packaging. PVDC shrink bags are a specialized form of vacuum packaging that boasts high barrier properties and excellent shrink capabilities, effectively safeguarding various food items from external moisture and temperature fluctuations. Furthermore, the ongoing trends of urbanization and population growth in developing regions are expected to create significant opportunities for market expansion.

The market for PVDC shrink bags is categorized by application into several segments, including meat, poultry & seafood, cheese & other dairy products, and miscellaneous items. Notably, the meat segment dominated the global PVDC shrink bags market in 2020, driven by the increasing adoption of these bags for meat packaging. The global rise in meat consumption is fueled by higher disposable incomes and increased spending on food among consumers.

In 2020, the Asia Pacific region represented the largest share of revenue in the global PVDC shrink bags market. This area is a key market for PVDC shrink bag applications. The demand for meat, poultry, seafood, cheese, and dairy products is on the rise in Asia Pacific, propelled by population growth, rising disposable incomes, and favorable economic conditions, all of which are contributing to the expansion of the PVDC shrink bags market in this region.

Key players in the global PVDC shrink bags market include Allfo GmbH & Co. KG, Astar Packaging Pte Ltd., Dow, Eezypak, PREMIUMPACK GMBH, SCHUR FLEXIBLES, Sealed Air, Spektar d.o.o., Sunrise Packaging Material (Jiangyin) Co., Ltd., and WINPAK LTD. These companies are at the forefront of the industry, driving innovation and market growth.

The overall size of the PVDC shrink bags market has been assessed through a thorough approach that combines both primary and secondary research methodologies. The research process began with comprehensive secondary research, utilizing both internal and external sources to collect qualitative and quantitative data regarding the market landscape. Additionally, numerous primary interviews were conducted with industry professionals, including vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the PVDC shrink bags sector. This multi-faceted approach was essential for validating the data and obtaining deeper analytical insights into the market dynamics.