The worldwide VCI Shrink Films Market is poised for substantial growth, with an estimated robust compound annual growth rate (CAGR) of approximately 5% to 6% over the forecast period spanning from 2022 to 2032.
VCI (Volatile Corrosion Inhibitor) shrink films are specialized packaging materials designed to protect metal components, equipment, and machinery from corrosion during storage, transportation, and export. These shrink films incorporate VCI technology, which releases corrosion-inhibiting molecules into the packaging environment, forming a protective layer on metal surfaces.
The worldwide VCI Shrink Films Market is poised for substantial growth, with an estimated robust compound annual growth rate (CAGR) of approximately 5% to 6% over the forecast period spanning from 2022 to 2032. This growth is primarily attributed to the increasing adoption of protective films for securely packaging valuable metal products, machinery, tools, and other items across a wide range of industries. This surge in adoption is expected to significantly drive the demand for VCI shrink films within the global market.
VCI shrink films offer versatile applications, extending their protective benefits to ferrous, non-ferrous, and multi-metal materials. Available in a variety of formats, including sheets, rolls, and bags & tubing, these films provide a comprehensive range of options to cater to diverse industry needs.
These films are predominantly composed of low-density polyethylene (LDPE) and are instrumental in safeguarding metal components against rust, contamination, and corrosion. The active agents, such as volatile corrosion inhibitors infused within VCI shrink films, infiltrate cavities and establish a protective environment that acts as a formidable defense against the onset of corrosion.
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Report Scope
Report Attribute |
Details |
Growth Rate |
CAGR of 5% to 6% from 2022 to 2032 |
Base Year for Estimation |
2021 |
Historical Data |
2015 to 2020 |
Forecast Period |
2022 to 2032 |
Quantitative Units |
Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
Report Coverage |
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
|
Countries Covered |
|
Drivers:
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Market Players:
Market Segmentation
By Film Thickness:
By End Use Industry:
By Region:
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 15, 2024