Global Barrier Shrink Bags Market to Reach USD 4.9 Billion by 2034, Driven by Demand in Meat Packaging | Future Market Insights, Inc. [Yahoo! Finance]
Sealed Air Corporation (SEE)
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Source: Yahoo! Finance
Barrier shrink bags, offering superior protection against oxygen, moisture, and contaminants, are in high demand for beef storage, distribution, and export. NEWARK, Del, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The barrier shrink bags market is projected to experience significant growth over the next decade, with global sales estimated at USD 3.4 billion in 2024 and anticipated to reach USD 4.9 billion by 2034. According to market forecasts, the industry is set to grow at a steady CAGR of 3.5% from 2024 to 2034. This growth follows a revenue milestone of USD 3.3 billion in 2023, with year-over-year growth projected at 3.4% in 2024. One of the primary drivers of this growth is the meat packaging sector, which is expected to account for more than 54% of the barrier shrink bags market by 2034. These bags play a vital role in packaging fresh, frozen, and processed meat products, where maintaining quality, extending shelf life, and preventing spoilage are essential. Barrier shrink bags offe
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- Sealed Air's (NYSE:SEE) Dividend Will Be $0.20 [Yahoo! Finance]Yahoo! Finance
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- Industrial Packaging Stocks Q3 Recap: Benchmarking Sealed Air (NYSE:SEE) [Yahoo! Finance]Yahoo! Finance
- Sealed Air Corporation Just Beat EPS By 6.0%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Sealed Air Co. (NYSE: SEE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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