Global Stretch and Shrink Film Market, By Type (Stretch Film, Shrink Film), Material Resin (PP, LLDPE, LDPE, PVC, Others), Application (Food & Beverages, Industrial/Bulk Packaging, Electronics, Paper & Textile, Consumer Goods, Pharmaceutical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Stretch and Shrink Film Market
The stretch and shrink film market is expected to witness market growth at a rate of 5.50% in the forecast period of 2021 to 2028 and is expected to reach the value of 24,934.05 million by 2028. Data Bridge Market Research report on stretch and shrink film market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the films for various applications is escalating the growth of stretch and shrink film market.
Stretch films refer to a type of flexible plastic-based packaging product that is capable of stretching a type of flexible plastic-based packaging product. These films can be stretched to a large-area while displaying improved protection for the bulk products limiting environmental contamination over the logistics chain.
The expansion of food in processing industry across the globe, acts as one of the major factors driving the growth of stretch and shrink film market. The increase in demand for fruits, vegetables, and other food products and the use of the films for wrapping around various large-scale as well as smaller goods for sustaining the moisture content and improving its product life, accelerate the market growth. The rise in the popularity of the films as they are cut greater than the product size and wrapped around it while being exposed to heat resulting in decreases size of the film, further influence the market. Additionally, growth in population, expansion of end use industries and rapid urbanization and industrialization positively affect the stretch and shrink film market. Furthermore, rise in penetration of the products based secondary packaging extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, concerns regarding the vulnerable nature of crude oil and presence of strict norms and regulations about the material and packaging products are expected to obstruct the market growth. The increase in concerns regarding the usage of plastics and their environmental impact are projected to challenge the stretch and shrink film market in the forecast period of 2021-2028.
This stretch and shrink film market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on stretch and shrink film market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Stretch and Shrink Film Market Scope and Market Size
The stretch and shrink film market is segmented on the basis of type, material resin and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the stretch and shrink film market is segmented into stretch film, and shrink film.
- On the basis of material resin, the stretch and shrink film market is segmented into PP, LLDPE, LDPE, PVC, and others.
- On the basis of application, the stretch and shrink film market is segmented into food & beverages, industrial/bulk packaging, electronics, paper & textile, consumer goods, and pharmaceutical.
Global Stretch and Shrink Film Market Country Level Analysis
The stretch and shrink film market is analyzed and market size, volume information is provided by country, type, material resin and application as referenced above.
The countries covered in the global stretch and shrink film market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the stretch and shrink film market due to the demand for packaged food and rise in food and beverage industry, particularly in China and India. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the presence of a number of consumer goods manufacturing companies in the region.
The country section of the stretch and shrink film market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Stretch and Shrink Film Market Share Analysis
The stretch and shrink film market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to stretch and shrink film market.
The major players covered in the stretch and shrink film market report are Sealed Air, KUREHA CORPORATION, Winpak Ltd., Flexopack, Bonset America Corporation, COVERIS, PREMIUMPACK GmbH, Sigma Plastics Group, Schur Flexibles Holding GesmbH, Buergofol GmbH, Allfo, Atlantis-Pak, XtraPlast, Transcontinental Inc., BP Plastics Holding Bhd, Crawford Packaging, SYFAN USA, Idemitsu Kosan Co.,Ltd., Vijay Packaging System, NPF.com, Inteplast Group, Akar Shrink Packs, Alpha Plastomers, MANOJ PLASTICS, Vishakha Polyfab Pvt Ltd, Gupta Package Industries, International Plastics Inc., Shri Balaji Packers, Global Polyfilms, RKW Group, Rishba Poly Product, 3D Plast, Eminent Solution, AEP Industries Inc. and Anchor Packaging Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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