Shrink Plastic Films Market by Application and Geography - Global Forecast and Analysis 2019-2023
全球的製造業消費使用收縮膜。各種領域的製造活動增加，將推動全球收縮膜市場成長。 至2025年印度計劃製造業達成GDP的約10％。為了促進國內製造業的投資，2014年開始了 Make in India的配合措施。這個配合措施，聚集了來自超過全球170家的企業的投資。很多配合措施加速產業活動，今後，預計促進全球收縮膜市場成長。
Manufacturing industries across the world shrink consume plastic films. An increase in the manufacturing activities across various sectors will be conducive to the growth of the global shrink plastic films market. By 2025, India has planned to achieve around 10% of its GDP through the manufacturing industry. To encourage investments in domestic manufacturing, the country launched the Make in India initiative in 2014. The initiative attracted investments from over 170 companies across the world. Many such initiatives will accelerate industrial activities and subsequently drive the growth of the global shrink plastic films market.
To cater to the increasing demography of consumers that seek convenience while shopping large organized retail stores are offering a variety of consumer products under one roof. The high penetration of organized retail sector has helped consumers in making informed purchase decisions. Availability of such products is also increasing the demand for shrink films to cater to the packaging needs. This is enabling vendors of the global shrink film market to leverage online platforms to expand their geographical reach.
Shrink plastic films do not degrade easily and increase environmental concerns. The lack of adequate disposal system is resulting in the accumulation of shrink plastic film wastes in the environment, which will pose a threat for several land and marine creatures.
The market appears to be fragmented with the presence of many companies. The competitive environment is quite intense with the inclusion of Bemis Co. Inc. and Berry Global Inc. Factors such as the growth of the industrial sector in emerging countries and the growth of the retail sector across the world will provide considerable growth opportunities for shrink plastic films manufacturers. Bemis Co. Inc., Berry Global Inc., Coveris GmbH, LyondellBasell Industries Holdings BV, and Sealed Air Corp. are some of the major companies covered in this report.