The growing demand for processed and packaged beverage products among consumers is expected to drive the market.

According to MarketsandMarkets, the global shrink plastic film market size for beverage multipacks is estimated to be valued at USD 2.5 billion in 2020 and projected to reach USD 3.0 billion by 2025, recording a CAGR of 3.5%.

According to MarketsandMarkets, the global shrink plastic film market size for beverage multipacks is estimated to be valued at USD 2.5 billion in 2020 and projected to reach USD 3.0 billion by 2025, recording a CAGR of 3.5%.

The growing demand for processed and packaged beverage products among consumers is expected to drive the market. The European segment is poised to dominate the market

The increase in the demand for packaged water has driven the market for shrink wraps for water bottles.

The growing demand for processed and packaged beverage products among consumers is expected to drive the shrink plastic film market.

The growing demand for processed and packaged beverage products among consumers is expected to drive the shrink plastic film market.

The growing demand for processed and packaged beverage products among the consumers is expected to drive the market. The European segment is poised to dominate the market due to its high population demanding packaged water

Based on application, the market is segmented into beer, water, carbonated soft drinks, and others which include ready to drink tea, coffee, health drinks, sports drinks, and dairy beverages.