Shrink film packaging for drinks multipacks “to reach $2.5bn”
The value of shrink film packaging for beverage multipacks is projected to reach more than $2.5bn by 2020, according to a new report published by MarketsandMarkets.
The format will record annual growth of 3.3% during the next five years, the market analysis company predicted.
In 2014, Europe contributed to the highest demand for shrink film for beverage multipacks in the global market, followed by the Americas, MarketsandMarkets said. The water segment accounted for the largest market share in 2014 – with the carbonated soft drinks segment in second. Water and carbonated soft drinks have contributed significantly in the demand for shrink film packaging with the increase in demand for mineral water and carbonated drinks, while the growing consumption of alcoholic beverages such as beer has also contributed in demand for shrink film for the beverage multipacks market.
The report also found that demand for shrink film for beverage multipacks in the bottle segment accounted for the largest share in 2014 – larger than for cans or brick.
The market report defines and segments the shrink film for beverage multipacks market with analysis and projections of the size of the market both in terms of value and volume. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges – all segmented by type, application, application form, application pack size and region.
With more than 81 market data tables and 52 figures spread through 154 pages, it has been made available now by MarketsandMarkets.
