Stretch and shrink films are the lightweight packaging materials. These are widely used in various sectors for packaging such as Pharmaceutical, Consumer Goods, Industrial Packaging, and Food & Beverages.
Market Drivers
Increase in demand for processed food across the world is the key driving factor which is expected to drive the global stretch & shrink films market growth. Furthermore, growing demand for industrial products and consumer goods in developing economies like China and India is expected to propel the global stretch & shrink films industry during this forecast period. Also, increase in replacement of conventional packaging materials with stretch and shrink film will have the positive impact on growth of global stretch and shrink films market. Moreover, availability of number of international and local manufacturers with growing penetration of the products based secondary packaging is expected to fuel the growth of global stretch & shrink films market.
Market Restraints
However, stringent rules and regulations and constantly changing raw material prices are the challenging factors for market which are expected to hamper the global stretch & shrink foilms market growth.
Impact of COVID 19 on Market
Coronavirus (COVID 19) disease is increasingly becoming the major setback for global stretch and shrink film market. The industry facing various challenges due to COVID 19 such as reduced production, supply chain, and others. COVID 19 outbreak is expected to impact moderately global stretch and shribk film market growth.
Market Segmentation
Global Stretch & Shrink Films Market is segmented into resin such as Polyvinyl Chloride, Low-density polyethylene, and Linear low density polyethylene, by product such as Wraps, Sleeves & labels, and Hoods. Further, Global Stretch & Shrink Films Market is segmented into application such as Pharmaceutical, Consumer Goods, Industrial Packaging, and Food & Beverages.
Also, Global Stretch & Shrink Films Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Coveris Holdings Inc, American Eagle Packaging, Bonset America Corporation, Allied Global Plastics Pvt. Ltd, Sigma Plastics Group, Bollore Inc, Bemis Company Inc, AEP Industries Inc, and Berry Plastics Corporation
Market Taxonomy
By Resin
By Product
By Application
By Region
Market Drivers
Increase in demand for processed food across the world is the key driving factor which is expected to drive the global stretch & shrink films market growth. Furthermore, growing demand for industrial products and consumer goods in developing economies like China and India is expected to propel the global stretch & shrink films industry during this forecast period. Also, increase in replacement of conventional packaging materials with stretch and shrink film will have the positive impact on growth of global stretch and shrink films market. Moreover, availability of number of international and local manufacturers with growing penetration of the products based secondary packaging is expected to fuel the growth of global stretch & shrink films market.
Market Restraints
However, stringent rules and regulations and constantly changing raw material prices are the challenging factors for market which are expected to hamper the global stretch & shrink foilms market growth.
Impact of COVID 19 on Market
Coronavirus (COVID 19) disease is increasingly becoming the major setback for global stretch and shrink film market. The industry facing various challenges due to COVID 19 such as reduced production, supply chain, and others. COVID 19 outbreak is expected to impact moderately global stretch and shribk film market growth.
Market Segmentation
Global Stretch & Shrink Films Market is segmented into resin such as Polyvinyl Chloride, Low-density polyethylene, and Linear low density polyethylene, by product such as Wraps, Sleeves & labels, and Hoods. Further, Global Stretch & Shrink Films Market is segmented into application such as Pharmaceutical, Consumer Goods, Industrial Packaging, and Food & Beverages.
Also, Global Stretch & Shrink Films Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Coveris Holdings Inc, American Eagle Packaging, Bonset America Corporation, Allied Global Plastics Pvt. Ltd, Sigma Plastics Group, Bollore Inc, Bemis Company Inc, AEP Industries Inc, and Berry Plastics Corporation
Market Taxonomy
By Resin
- Polyvinyl Chloride
- Low-density polyethylene
- Linear low density polyethylene
By Product
- Wraps
- Sleeves & labels
- Hoods
By Application
- Pharmaceutical
- Consumer Goods
- Industrial Packaging
- Food & Beverages
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle Eat & Africa
Frequently Asked Questions about the Global Stretch & Shrink Films Market
What is the estimated value of the Global Stretch & Shrink Films Market?
What is the growth rate of the Global Stretch & Shrink Films Market?
What is the forecasted size of the Global Stretch & Shrink Films Market?
Who are the key companies in the Global Stretch & Shrink Films Market?
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | March 2021 |
Forecast Period | 2017 - 2027 |
Estimated Market Value ( USD
| USD 12.38 Billion |
Forecasted Market Value ( USD
| USD 22.27 Billion |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Stretch & Shrink Films Market Outlook
5 Global Stretch & Shrink Films Market, By Resin
6 Global Stretch & Shrink Films Market, By Product
7 Global Stretch & Shrink Films Market, By Application
8 Global Stretch & Shrink Films Market, By Region
9 North America Stretch & Shrink Films Market Analysis and Forecast (2017 – 2027)
10 Europe Stretch & Shrink Films Market Analysis and Forecast (2017 – 2027)
11 Asia Pacific Stretch & Shrink Films Market Analysis and Forecast (2017 – 2027)
12 Latin America Stretch & Shrink Films Market Analysis and Forecast (2017 – 2027)
13 Middle East Stretch & Shrink Films Market Analysis and Forecast (2017 – 2027)
14 Competitive Analysis
15 Company Profiles
Companies Mentioned
- Coveris Holdings Inc
- American Eagle Packaging
- Bonset America Corporation
- Allied Global Plastics Pvt. Ltd
- Sigma Plastics Group
- Bollore Inc
- Bemis Company Inc
- AEP Industries Inc
- Berry Plastics Corporation