PET Shrink Films Market, 2017

By 2025, food production in India will be undermined by rapid population growth creating a sizeable demand-supply mismatch

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Increasing global focus on using sustainable packaging materials and the rapid growth of the organized retail sector are key drivers for the packaging labels industry. The labelling market is rapidly evolving into being highly quality conscious and is driven by sustainability leading to increased usage of PET shrink films. In this Industry Docket, Frost & Sullivan discusses the key trends and drivers of this market, and provides insights into the existing and future market for high shrink labels - both globally and in India. Most major competitors not only have more than one label film in their portfolios but are also aggressively targeting market penetration through strategic tie-ups. Hence, this Industry Dock

Table of Contents

PET Shrink Films Market, 2017Scope & LimitationsScope & LimitationsMega Trends & their ImpactConsumer preference for Quality, Healthy and Premium Products is increasingBy 2025, food production in India will be undermined by rapid population growth creating a sizeable demand-supply mismatch This coupled with rapid urbanization, increasing prosperity, and a sizeable middle class indicate a shift to convenience and packaged foodsThis increasing demand for convenience foods will drive consumption of plastic packaging materials, thereby driving consumption of shrink filmsGlobal OverviewLabels are mostly classified on the basis of the techniques used for fixing the label on the substrate/containerShrink labels reduce in size upon application of heat, and conform tightly to the shape of the container or productFood and Beverages industry, followed by personal care, are the largest users of high shrink filmsGlobal shrink film market was ~$2.8 billion in 2016. PVC dominates the market with 46% revenue shareDirect sales account for >85% of the sales in the industry; Traders and distributors only supply ~15% to label makersDemand for reducing label unit costs and use of thinner label stock to be the two major factors influencing the choice of filmsMedium shrink applications dominate the global PET shrink film market; F&B is the key end-use segmentPET high shrink films market grew at 6% in last 4 years … aided by the adoption of sustainable packaging in NA & EUDemand for shrink films increases during the summer owing to an increase in F&B consumptionKlöckner Pentaplast and Bonset are the largest players in this industryIndia Market OutlookDemand for PET shrink film is limited in India owing to the price conscious nature of labeling and end-use industryDemand from major end-use MNCs like HUL, Coca-Cola etc. for PET shrink labels drives demand for PET shrink films in IndiaThe FuturePVC is increasingly being replaced by PETG in NA and EU due to stringent regulations against the use of non-recyclable materialsThis sector has witnessed several product and technological advancements in the past few years…Sustainability, innovation and globalization will be the key focus areas driving industry growth in the near futureFrost & Sullivan AdvisoryCritical Success FactorsDecision maker’s spotlight—Growth Options for an entrant into the Indian market…Annexure: Our ServicesMaximize opportunities from existing products and markets; systematically explore new products and markets including inorganic OpportunitesGrowth Consulting—Service OfferingsLegal Disclaimer

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