VCI Shrink Film Market

VCI Shrink Film Market Outlook from 2024 to 2034

The VCI shrink film market is expected to skyrocket with a projected CAGR of 4.50%. By 2034, this market is expected to reach a whopping USD 154.6 million, marking a remarkable surge from its current valuation of USD 99.5 million as of 2024. It's time to buckle up and witness the meteoric rise of this market!

Investment Opportunities for Key Players

• By applying and offering customization strategies, manufacturers can remain competitive in the VCI shrink film market. As demand for unique requirements such as size, printing options, and others from consumers increases, manufacturers can maximize their potential during the forecast period by providing these customized solutions. Also, manufacturers can gather insights from consumers through conducting campaigns and online or offline surveys.
• Collaborative research projects are anticipated to offer lucrative investment opportunities for manufacturers. They can establish partnerships with research institutes, industry associations, and others to initiate product enhancement initiatives.
• By applying effective marketing strategies, shrink film producers can gain maximum market share in the coming years. Also, manufacturers can build their market presence at national and international levels by setting these strategies.

Attributes	Details
VCI Shrink Film Market Size, 2024	USD 99.5 million
Market Size, 2034	USD 154.6 million
Value CAGR (2024 to 2034)	4.50%

VCI Shrink Film Market Dynamics

Drivers

The escalating need for packaging film in pharmaceuticals and medical devices drives up the demand for VCI shrink film. By safeguarding sensitive equipment and products from corrosion, shrink films are gaining popularity among pharmaceutical manufacturers. The expanding cosmetics and personal care industry is anticipated to increase market growth during the forecast horizon. Providing a moisture-free shield to creams, perfumes, and other items, VCI shrink film is expected to emerge as an ideal packaging option for personal care product manufacturers in the coming years.

Challenges

Developing alternative rust and corrosion prevention technologies is anticipated to hamper market growth during the forecast period. Also, the availability of alternatives such as rust converters, rust inhibitors, and rust removers represents a significant barrier to the market. The market also faces regulatory challenges, particularly in the context of international trade. Many countries have strict regulations governing the use of packaging materials. Hence, VCI shrink film manufacturers need to ensure that their products comply with these regulations to export them effectively.

Category Wise Insights

The Screw Segment is dominating the Market by Material

Attributes	Details
Material	PE
Market share in 2024	67.5%

The properties of good chemical resistance and excellent tensile strength are driving up the demand for PE material. Moreover, it is lightweight, flexible, and cost-effective compared to other materials. These properties make it an ideal material for packaging various products, including metal parts, automotive components, electronic goods, and food items.

The Primary Metal Segment is dominating the Market by End Use

Attributes	Details
End Use	Primary Metal
Market Share in 2024	29.7%

The primary metal industry is highly susceptible to corrosion. Raw metals are exposed to various environmental factors such as humidity, moisture, and saltwater during transportation and storage. Thus, manufacturers are increasingly using VCI shrink film. The use of this shrink film helps prevent corrosion and protect the metal surface, reducing the need for maintenance and replacement.

Country wise insights

Countries	CAGR from 2024 to 2034
United States	2.9%
China	5.9%
Germany	2.4%
Japan	2.6%
South Korea	3.8%

Storage and Transportation Sectors Fuel the Market in the United States

The CAGR of the VCI shrink film market for the forecast period in the United States is anticipated to be 2.9%. Some of the factors influencing the growth of the market in the country are:

• Demand for VCI shrink film is rapidly expanding due to increased use in the storage and transportation sectors in the United States. Properties such as these films do not impact physical surface qualities and help in eliminating the need for cleaning, spraying, surface preparation, or dipping. Additionally, they securely wrap irregularly shaped, difficult-to-wrap items, making VCI films popular in the region.
• These shrink films are also rapidly being utilized to wrap electrical and electronic metal goods, machinery, metallurgical equipment, and other items in the region. Moreover, prominent manufacturers are focused on developing new goods with unique features to capitalize on rising demand.

Rising Manufacturing Needs Propel China's VCI Film Market

The market is expected to register a CAGR of 5.9% in China through 2034. China is considered one of the largest manufacturing sectors in the world. With the growth of manufacturing industries, there is an increased need for high-quality packaging in recent years. Moreover, raising awareness of the importance of rust and corrosion prevention is anticipated to heighten demand for VCI shrink film in the region.

Shrink Films’ Usage Surges in Germany's Automotive Sector

The VCI shrink film market is expected to progress at a CAGR of 2.4% in Germany for the forecast period. Some factors influencing this progress are:

• Expanding industries such as automotive, metalworking, and engineering are anticipated to amplify the demand for VCI shrink film in Germany. These shrink films have gained popularity among manufacturers in these sectors by providing an effective protection solution for metal parts.
• Sustainability and environmental concerns are also driving up the demand for these shrink films. They offer sustainable, cost-effective, and reliable solutions for metal components compared to traditional corrosion protection methods such as oiling and greasing.

VCI Films Gain Popularity in Japan's Growing eCommerce Sector

The market is expected to progress at a CAGR of 2.6% in Japan throughout the forecast period. The rise of eCommerce has contributed to the growing demand for VCI shrink film in Japan. With more people opting for online shopping, there has been a surge in the number of products being shipped across the country, which has increased the need for reliable packaging solutions. Thus, these shrink films have emerged as a popular option for e-commerce businesses looking to ensure that their products reach customers in good condition.

South Korea's Market Thrives with Focus on Specialized Applications

The market is expected to progress at a CAGR of 3.8% in South Korea. Manufacturers of VCI shrink film are heavily investing in research and development activities to improve performance and product quality in South Korea. Moreover, producers are providing specialized films for specific applications to industries in the current period.

Competitive Landscape

The VCI shrink film market is highly competitive, given the presence of significant number of players in the industry. To increase their market share and improve revenue, leading companies employ strategies like launching new products, investing in research and development, expanding facilities, and engaging in mergers, partnerships, acquisitions, and collaborations.

Company Portfolio

Superior Industries, INC.

Superior Industries, Inc. is a leading manufacturer and supplier of innovative packaging solutions for a wide range of industries. Founded in 1983, the company has grown to become a trusted partner for businesses looking for high-quality and cost-effective packaging solutions.

Superior Industries offers a comprehensive range of products, including industrial film, bags, liners, and specialty products. One of their most popular products is VCI shrink film, which is designed to protect metal parts and components from corrosion during storage and transportation.

Recent Development

• In 2022, Cortec®, a leading manufacturer of sustainable packaging solutions, announced the launch of its latest VCI film and bag formula. What makes this new product remarkable is its use of 30% post-consumer recycled content, showcasing the company's commitment to sustainability. The VCI film and bag formula provides superior corrosion protection to metal parts and is designed to reduce waste while maintaining the same level of quality and performance.

Key Coverage in the VCI Shrink Film Market

• Corrosion Inhibitors Sector Trends Analysis Report
• Protective Packaging Manufacturing Industry Sales Analysis
• Impact Analysis Of Industrial Regulations On VCI Shrink Film
• Packaging Industry Overview
• VCI Shrink Film Pricing Outlook

Global VCI Shrink Film Market Report Scope

Attribute	Details
Estimated Market Size (2024)	USD 99.5 million
Projected Market Size (2034)	USD 154.6 million
Anticipated Growth Rate (2024 to 2034)	4.50%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	USD million or billion for Value and Units for Volume
Key Regions Covered	North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	By Material and End Use
Key Companies Profiled	Superior Industries, Inc.; Aicello Corporation; Daubert Cromwell, Inc.; MetPro Group; Harita-NTI Ltd.; BRANOpac GmbH; Propagroup; Others
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Film Thickness
  • 5.1. Below 25 micron
  • 5.2. 26 to 100 microns
  • 5.3. 101 to 200 microns
  • 5.4. Above 201 microns
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use Industry
  • 6.1. Mining and Metallurgy
  • 6.2. Electronic & Electrical
  • 6.3. Automotive
  • 6.4. Transport & Logistic
  • 6.5. Aerospace
  • 6.6. Agriculture
  • 6.7. Others
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 7.1. North America
  • 7.2. Latin America
  • 7.3. Western Europe
  • 7.4. Eastern Europe
  • 7.5. South Asia and Pacific
  • 7.6. East Asia
  • 7.7. Middle East and Africa
• 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Key Countries Market Analysis
• 16. Market Structure Analysis
• 17. Competition Analysis
  • 17.1. Superior Industries, Inc.
  • 17.2. MAGNA INTERNATIONAL PTE LTD.
  • 17.3. Cortec Corporation
  • 17.4. Aicello Corporation
  • 17.5. Daubert Cromwell, Inc.
  • 17.6. MetPro Group
  • 17.7. Harita-NTI Ltd.
  • 17.8. BRANOpac GmbH
  • 17.9. Propagroup
• 18. Assumptions & Acronyms Used
• 19. Research Methodology