The popularity of compostable shrink wrap is spreading worldwide acceptance of these shrink wrap due to their properties like adhesiveness, bio-degradability and easy recyclability. All the organizations claiming to be green organizations using green practices in their product manufacturing as well as packaging, can market their product as environmentally friendly and differentiate it from their competitors.
This report contains market size and forecasts of Compostable Shrink Wrap in global, including the following market information:
Global Compostable Shrink Wrap Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Compostable Shrink Wrap Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Compostable Shrink Wrap companies in 2021 (%)
The global Compostable Shrink Wrap market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
PLA (Polylactic Acid) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Compostable Shrink Wrap include BASF SE, Kingfa Sci. and Tech, Amcor, International Paper Company, Mondi Group, Smurfit Kappa Group, Greenpack, Biopak and Treetop Biopak and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Compostable Shrink Wrap manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Compostable Shrink Wrap Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Compostable Shrink Wrap Market Segment Percentages, by Type, 2021 (%)
PLA (Polylactic Acid)
PHA (Polyhydroxyalkanoates)
Starch Blends
Others
Global Compostable Shrink Wrap Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Compostable Shrink Wrap Market Segment Percentages, by Application, 2021 (%)
Food Packaging
Industrial Packaging
Personal Care and Cosmetics
Agriculture and Horticulture
Others
Global Compostable Shrink Wrap Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Compostable Shrink Wrap Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Compostable Shrink Wrap revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Compostable Shrink Wrap revenues share in global market, 2021 (%)
Key companies Compostable Shrink Wrap sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Compostable Shrink Wrap sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BASF SE
Kingfa Sci. and Tech
Amcor
International Paper Company
Mondi Group
Smurfit Kappa Group
Greenpack
Biopak
Treetop Biopak
Berkley International