North America Shrink Plastic Film Market

North America Shrink Plastic Film Market Growth Rate Analysis

North America Shrink Plastic Film Market was worth USD 690 million in 2024 and estimated to be growing at a CAGR of 3.6%, to reach USD 760 million by 2029. The market is predicted to grow at a significant potential during the specified period. It will keep growing with the recent developments in the plastic manufacturing industry.

Shrink film, also known as shrink wrap, is a polymer plastic film, which shrinks tightly covering whatever is required to be covered.  Heat application can be done by heat gun (electric or gas), or through a heat tunnel or conveyer when the product is passed through it.

North America Shrink Plastic Film Market Drivers

The North America shrink plastic film market is propelled by factors like increasing consumption of packaged food and drinks, sustainable packaging solutions by reducing the weight of the packaging, less weight and lower packaging cost, longer shelf life, easy transportation and less consumption of adhesives. The only constraint for this market is that the substances which are packed by shrink plastic are not affordable by everyone thus lowering the output of the market.

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North America Shrink Plastic Film Market Segmentation Analysis

Market Analysis By Type

• Printed
• Unprinted

Market Analysis By Application

• Beer
• Water
• Carbonated Soft Drinks

Market Analysis By Application Form

• Can
• Bottle
• Brick

Market Analysis By Application Pack Size

• 3x2
• 4x2
• 4x3
• 6x3

North America Region Leading the Global Shrink Plastic Film Market

Geographically the North America Shrink Plastic Film Market is segmented into US, Canada, Mexico and Rest of North America.

On the basis of region the North America market is segmented into U.S.A and Canada. The sale of packaged drinks like bottled water, milk, carbonated soft drinks, fruit juice, and energy drinks are high in the U.S. thus leading to a large market share in the Shrink Plastic Film market.

Leading Key Players Mentioned in this Global Shrink Plastic Film Market

AEP Industries Inc, Amcor Limited, Bemis Company, INC, Berry Plastics Corporation, Ceisa Packaging SAS, and Coveris Holdings S.A.