According to a market report by Lucintel, the future of the global preform shrink band market looks promising with opportunities in the industrial and commercial markets. The global preform shrink band market is expected to grow with a CAGR of 12.8% from 2024 to 2030. The major drivers for this market are tamper-evident and leak-proof packaging and adoption in food and beverage industry.
In this market, universal and custom made are the major segments of preform shrink band market by type.
Lucintel forecasts that universal is expected to witness the highest growth over the forecast period due to faster production and delivery.
Within this market, industrial will remain the largest segment due to higher demand for industrial packaging.
North America is expected to witness highest growth over the forecast period due to rapid industrialization and growing disposable incomes.
CCL Industries, Berlin Packaging Company, U.S. Plastic Corporation Company, TricorBraun, Pipeline Packaging, Klockner Pentaplast and Tamper Technologiesare the major suppliers in the preform shrink band market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]