Technology News & Trends

  The  global barrier shrink films market  is predicted to be impacted by three key trends, i.e. the mounting demand for shrink films, increasing requirement of polylactic acid (PLA) films, and rising engagement of sustainable packaging. Most of the barrier shrink films are made of polyolefin and polyethylene (PE) plastics, provide UV protection, and offer affordability, which make them one of the best buys in the industry. PLA films could gain traction while riding on the surging demand for biodegradable packaging solutions. Sustainable packaging is expected to up the demand in the market as it gains larger importance with the vast amounts of packaging waste created. The global barrier shrink films market, as envisioned by Transparency Market Research (TMR), could touch a revenue valuation of US$4.5 bn by 2022 from a US$3.5 bn reached in 2017. Between 2017 and 2022, the market could rise at a 5.1% CAGR. Global Barrier Shrink Films Market: Major Insights The international...

The  global barrier shrink films market  is predicted to be impacted by three key trends, i.e. the mounting demand for shrink films, increasing requirement of polylactic acid (PLA) films, and rising engagement of sustainable packaging. Most of the barrier shrink films are made of polyolefin and polyethylene (PE) plastics, provide UV protection, and offer affordability, which make them one of the best buys in the industry. PLA films could gain traction while riding on the surging demand for biodegradable packaging solutions. Sustainable packaging is expected to up the demand in the market as it gains larger importance with the vast amounts of packaging waste created. The global barrier shrink films market, as envisioned by Transparency Market Research (TMR), could touch a revenue valuation of US$4.5 bn by 2022 from a US$3.5 bn reached in 2017. Between 2017 and 2022, the market could rise at a 5.1% CAGR. Global Barrier Shrink Films Market: Major Insights The international barrie...