Today, across the globe, packaging convenience in terms of product buying has emerged as one of the decisive factors. Shrink bands form an ideal sealing solution for multi-pack applications. Preform shrink bands are pre-molded to the shape of your container and makes a perfect tamper-evident, safe and secure seal that fits for almost any shaped container. Also, preform shrink bands can be manufactured in any standard shapes such as round, triangular, rectangular, orthogonal, etc. and even to a great quantity.
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The global market for preform shrink bands is likely to be driven by a significant rise in consumption of packaged food & beverages products. The growth in the sophisticated consumer demanding for the packaging seals that is lightweight, tamper-evident and safety has thus lead to growing applications of preform shrink bands. Perform shrink bands have emerged as an asset in the packaging world as a safe & economical sealing solution; serving value to the packaged food manufacturers.
Additionally, other key aspects are the increasing number of work-class population in the urban region with rising disposable income. All these above factors fuel the preform shrink bands market across the globe. On the other hand, the growing inclination towards newer formats of packaging such as pouches and wraps hinders the growth of preform shrink bands market.
Geographically, the global preform shrink bands market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).
In contrast to regions mentioned above, North America is likely to hold a significant market share and is expected to dominate the global preform shrink bands market throughout the forecast period as it provides a better infrastructure for stocking of ready to consume food.
Some key players that currently operate in preform shrink bands market across the globe are R.B. Dwyer Company, Inc., American Film & Machinery., Zoltech Packaging., Excel Packaging Equipment., MPI Label Systems, Aaron Packaging, Inc., Crystal Vision Packaging., Gmpak Enterprises Corporation, Ameri-Seal, Inc., Traco Manufacturing, Inc., and many more.
