The universal Global Heat Shrink Bands Market research report has been organized with the most advanced insight and analysis to give maximum benefits to the Global Heat Shrink Bands Market industry. The report can be used by both established and new players in the industry for complete understanding of the market. Besides, this marketing report also includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. The scope of an excellent Global Heat Shrink Bands Market report involves industry research, customer insights, market sizing and forecast, competitive analysis, market entry strategy, pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel assessment.
All the data, statistics, and information composed in the top notch Global Heat Shrink Bands Market report has been studied and analyzed with the demonstrated tools and techniques such as SWOT analysis and Porter's Five Forces analysis. This industry report provides a profound overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. This market report acts upon systematic gathering, recording and analysis of data for the concerns linked to the marketing of goods and services and thereby serve the Global Heat Shrink Bands Market industry with an excellent market research report. Granular market information assembled in the significant Global Heat Shrink Bands Market report will be helpful to Global Heat Shrink Bands Market industry to take competent business decisions.
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Shrink sleeve applicators are the market leader and most popular product in the heat shrink bands market for slick, quick, and effective operation output. Heat shrink band applicators offer a high-performance product range with minimal cost and high-quality work using technology, and they are very time-efficient. The global market is driven by the rising use of heat-shrink tubes in power generation. The insulation of low-voltage electric appliances may benefit from the tubes. As a result, their demand is steadily increasing.
Additionally, the growing use of polyolefin materials in numerous industrial applications, such as the production of an aerospace component, will impact positively. High-density polyethylene (HDPE) is major demanded polymer in plastic packaging. HDPE has been given USDA/FDA approval for food packaging due to its assortment of qualities, including lightweight, toughness, and others.
Data Bridge Market Research analyses that the heat shrink bands market, valued at USD 1,005.69 million in 2022, will reach USD 2,769.69 million by 2030, growing at a CAGR of 13.5% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Market Definition
Heat shrink bands are packaging that fills gaps for various end users, including pharmaceuticals, food and beverage bundling converters, and drugs. Many industries are searching for anti-forging solutions due to the increase in counterfeiting cases to preserve their reputations. Heat shrink tubing is a plastic tube that can be heated and shrunk. Corrosion, abrasion, cutting, and scuff resistance are all features of heat shrink tubing. Heat shrink tubing is the best material to use in environments with moisture, dust, and chemicals because of its resistance to these elements. Heat shrink tubes are produced using a variety of chemical combinations, though their intended use primarily dictates the manufacturing process.
Some of the major players operating in the heat shrink bands market are:
- ABB (Switzerland)
- 3M (U.S.)
- TE Connectivity. (Switzerland)
- Sumitomo Electric Industries, Ltd. (Japan)
- HellermannTyton (U.K.)
- Alpha Wire (U.S.)
- Insultab, PEXCO (U.S.)
- Shenzhen Woer Heat - Shrinkable Material Co., Ltd. (China)
- DYMO, Inc. (U.S.)
- Molex (U.S.)
- Huizhou Guanghai Electronic Insulation Materials Co.,Ltd. (China)
- PEXCO (U.S.)
- Techflex, Inc. (U.S.)
- Zeus Company Inc. (U.S.)
- Gupta Fancy Packs (India)
- Manoj Plastics Industries (India)
- Crystal Vision Packaging Co (India)
- Paras Traders. (India)
- Swati Enterprise (India)
- GMG International (India)
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Opportunities
- Increasing focus on the packaging of complex and delicate products
A product's packaging is a prominent feature for complicated or delicate products. Generally, the weight of the packing materials impacts the cost of packaging products. At the same time, heat shrink bands have become increasingly popular because of their low price, easy availability, and versatility across various verticals. It is extensively used in many industries, including pharmaceuticals, food, drink, and electrical and electronic equipment. Low-voltage electric appliances can be safely isolated using heat shrink bands. The demand for heat shrink tubing is driven by the growing use of heat shrink tubes in the power generation sector.
- The food industry's extensive use of heat sleeves fuels the market
Shrink sleeve applicators are used in food packaging to shield products from physical, chemical, or biological contamination while displaying the manufacturer's information. Through the help of shrink sleeve applicators, it is also possible to emboss the primary ingredient on the packaging and complete the tasks quickly and effectively. Shrink sleeve applicators and eye-catching, high-quality packaging can accomplish all this, driving the market's growth. To increase shelf life of food products, it is also preferred to package food products that are water-resistant and have poor O2-resistance.
Global Heat Shrink Bands Market Scope
The heat shrink bands market is segmented on the basis of product, length, types, voltage, material, ratio, industry, sales and channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Products
- Tubes
- Sleeves
- Other Accessories
Length
- Spool
- Standard (1.2m)
- Non-standard cut pieces
- Custom
Types
- Single wall
- Dual wall
Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Material
- Polyolefin
- Low density polyethylene (LDPE)
- High density polyethylene (HDPE)
- Polytetrafluoroethylene
- Fluoropolymer
- Fluorinated Ethylene propylene (FEP)
- Polytetrafluoroethylene (PTFE)
- Polyvinyl chloride (PVC)
- Neoprene
- Silicon elastomer or viton
- Polyethylene (PE)
- Perfluoroalkoxy Alkane (PFA)
- Fluorinated Ethylene Propylene (FEP)
- Ethylene VINYL Acetate (EVA)
- Ethylene Tetra fluoro ethylene (ETFE)
- Polyethylene terephthalate glycol (PETG)
- Expanded Polystyrene Films
- Polylactic Acid Films
- Silicon
- Others
- Polyether Ether Ketone (PEEK)
- Polyethylene Terephthalate (PET)
Ratio
- 2:1
- 3:1
- 4:1
- 6:1
Industry
- Electrical
- Electrical equipment manufacturing
- Electrical construction and repair
- IT and telecom
- Construction
- Residential
- Commercial
- Transport
- Railways and Trucks
- Buses and off roads
- Aerospace
Thickness
- Below 50 micron
- 50-75 micron
- 75-100 micron
- Above 100
Sales Chanel
- Original Equipment manufacturers
- Aftermarket
End-User
- Utilities
- Chemical
- Automotive
- Aerospace
- Railways
- pharmaceutical
- Telecommunication
- Food
- Preservatives
- Ketcups
- Canned vegtables
- Jams
- Dressings and condiments
- Spices
- Others
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