![Global Barrier Shrink Films Market](https://res.cloudinary.com/devmoveo/image/upload/v1700482766/skyquest/gallery/Global-Barrier-Shrink-Films-Market.jpg)
Report ID: SQMIG15A2290
Report ID:
SQMIG15A2290 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
95 |
Figures:
76
Global Barrier Shrink Films Market size was valued at USD 1.63 Billion in 2022 and is poised to grow from USD 1.71 Billion in 2023 to USD 2.64 Billion by 2031, at a CAGR of 5.52% during the forecast period (2024-2031).
In recent years, the global barrier shrink films market has been changing consumer preferences and demands by providing a protective barrier against external elements such as moisture, gases, and UV rays, thereby extending the shelf life of the packaged products. Manufacturers of these specialized packaging materials are focusing on enhancing the barrier properties, clarity, and sustainability of these films, meeting the evolving needs of various end-user industries.
However, the production costs associated with advanced barrier shrink films, especially those incorporating cutting-edge technologies, can be a limiting factor for widespread adoption, particularly among small and medium-sized enterprises. Compliance with food safety regulations and other industry-specific standards requires continuous investment in research and development.
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Report ID: SQMIG15A2290