The Business Research Company’s Beverage Multipack Shrink Film Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Beverage Multipack Shrink Film Global Market Report 2023 evaluates beverage multipack shrink film market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global beverage multipack shrink film market is expected to grow from $2.10 billion in 2022 to $2.24 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The beverage multipack shrink film market is expected to reach $2.87 billion in 2027 at a CAGR of 6.3%.
Rising demand for bottled water is expected to propel the growth of the beverage multipack shrink film market going forward. Bottled water refers to water sealed in bottles or other containers for human consumption with no additional components. Shrink film is used in the packaging of multipack beverages to create a secure and tamper-evident wrapping for bottles of mineral water and carbonated beverages to maintain product integrity throughout storage and transit. For instance, in March 2023, according to the World Economic Forum, a Switzerland-based non-governmental and lobbying organization, the global consumption of bottled water is anticipated to increase from around 350 billion liters by 2021 to 460 billion liters 2030. Therefore, the rising demand for bottled water is driving the growth of the beverage multipack shrink film market.
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The beverage multipack shrink film market segments in the report are:
1) By Type: Printed Shrink Film, Unprinted Shrink Film
2) By Material: Low-density polyethylene (LDPE), Linear low-density polyethylene (LLDPE), Polyvinyl Chloride (PVC), Other Materials
3) By Beverage Container Type: Aluminum Cans, Glass Bottles, Plastic Bottles, Bricks, Trayed Beverages, Other Beverage Container Types
4) By Distribution Channel: Direct Sales, Distributor
5) By Application: Beer, Water, Carbonated Soft Drinks (CSD), Other Applications
The table of contents in TBRC’s beverage multipack shrink film market report includes:
- Executive Summary
- Beverage Multipack Shrink Film Market Characteristics
- Beverage Multipack Shrink Film Market Trends And Strategies
- Beverage Multipack Shrink Film Market – Macro Economic Scenario
5.1. Global Beverage Multipack Shrink Film Market Drivers and Restraints
- Beverage Multipack Shrink Film Market Segmentation
- Beverage Multipack Shrink Film Market Regional And Country Analysis
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- Brazil Beverage Multipack Shrink Film Market
- Middle East Beverage Multipack Shrink Film Market
- Africa Beverage Multipack Shrink Film Market
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