1. PET Shrink Films Market, 2017
Scope & Limitations
Scope & Limitations

Mega Trends & their Impact
Consumer preference for Quality, Healthy and Premium Products is increasing
By 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 foods
This increasing demand for convenience foods will drive consumption of plastic packaging materials, thereby driving consumption of shrink films

Global Overview
Labels are mostly classified on the basis of the techniques used for fixing the label on the substrate/container
Shrink labels reduce in size upon application of heat, and conform tightly to the shape of the container or product
Food and Beverages industry, followed by personal care, are the largest users of high shrink films
Global shrink film market was ~$2.8 billion in 2016. PVC dominates the market with 46% revenue share
Direct sales account for >85% of the sales in the industry; Traders and distributors only supply ~15% to label makers
Demand for reducing label unit costs and use of thinner label stock to be the two major factors influencing the choice of films
Medium shrink applications dominate the global PET shrink film market; F&B is the key end-use segment
PET high shrink films market grew at 6% in last 4 years … aided by the adoption of sustainable packaging in NA & EU
Demand for shrink films increases during the summer owing to an increase in F&B consumption
Klöckner Pentaplast and Bonset are the largest players in this industry

India Market Outlook
Demand for PET shrink film is limited in India owing to the price conscious nature of labeling and end-use industry
Demand from major end-use MNCs like HUL, Coca-Cola etc. for PET shrink labels drives demand for PET shrink films in India

The Future
PVC is increasingly being replaced by PETG in NA and EU due to stringent regulations against the use of non-recyclable materials
This 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 future

Frost & Sullivan Advisory
Critical Success Factors
Decision maker’s spotlight - Growth Options for an entrant into the Indian market…

Annexure: Our Services
Maximize opportunities from existing products and markets; systematically explore new products and markets including inorganic Opportunites
Growth Consulting - Service Offerings
Legal Disclaimer