Stretch Wrap Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Stretch Wrap Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Stretch Wrap Market

The Stretch Wrap Market size was valued at USD 4.27 billion in 2023, and the market is now projected to grow from USD 4.47 billion in 2024 to USD 6.71 billion by 2032, exhibiting a CAGR of 6.68% during the forecast period of 2024-2032.

The COVID-19 has shut down the world and its impact was on every moving thing including trade activities. The lockdown measures has caused stoppage in trade activities, impacted badly the shipping and logistics industry along with all others. After facing great challenges the post-pandemic phase has changed everything and there has boom in shipping and logistics market, eventually rising the wrap demand and leading to Stretch Wrap Market Growth.

Shipping and Logistics are considered to be vital organ for the market body in this world. With rapid globalization and international relationships the industries are evolving, such as India, and its logistic sector contributes significantly to GDP at 14.4%, this contribution is a huge part of various industries and their linking with streamlines procurement, warehousing, and resource delivery processes. The rising e-commerce dependency is increasing the Stretch Wrap Market Share, with high need of last-mile delivery services. Many primary retailers in U.S. such as Target, Walmart, and Home Depot are expanding their last-mile delivery options. They including enhanced productivity's such as faster and same-day deliveries, by adopting aspects of existing carriers’ operations.

Nano Stretch Film is a thin yet strong pallet wrap. This pallet is made from 55 layers of different polymers, improving the pallet stability. These pallets are more preferable in high wrapping speeds and boasts excellent load retention, reducing transit damage risk and with some extra features such as cost-effective and less material usage it gives very strong and safe packaging. With ability to reduce thickness while maintaining strong holding force, these films pallets offering improved durability against tearing and punctures. This give great protection to goods from dust, moisture, and dirt during shipping. Their popularity is increasing, as they also block UV rays and deter pilferage and manufacturers are loving it.

Comprehensive Analysis of Stretch Wrap Market

The Stretch Wrap Market and Packaging industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated By Type Analysis,By Material Analysis, and By End-User Analysis. The types of analysis include, Cast Wrap, & Blown Wrap, by end-user types Polyethylene (PE), Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Polypropylene (PP), Biaxially Oriented Polypropylene (BOPP), & Others. By end-user types are Shipping & Logistics, Food & Beverage, Agriculture, Building & Construction, Chemical, Household, & Others.

Asia Pacific is the largest holder of Stretch Wrap Market Share. The region is witnessing growing purchasing power specially among middle class and rise is globalisation has led to international trade between Asian Countries, such as China, India, and Japan. It is rising the demand for stretch wraps for the safe transport of goods. With growing agriculture and construction the region is going towards growth in the wrap market.

The top players in the market play a crucial role in the Packaging industry assuring industrial prospectus growth and setting market standards. These players include, Berry Global (U.S.), SHRINKFLEX (Thailand), SABIC (Saudi Arabia), SCIENTEX BERHAD (Malaysia), Thong Guan Industries Bhd (Malaysia), Dow (U.S.), Coveris (Austria), POLIFILM (Germany), Swiftpak (U.K.), DUO PLAST AG (Germany), American Eagle Packaging (U.S.), Manupackaging (Italy), Dongguan Yalan Packing Materials Co., Ltd. (China), ZPF Efekt Plus (Poland) these market players provide a level-playing competitive landscape.

November 2023 - Coveris, A packaging company from Austria, made an announcement about the launch of new sustainable stretch films named Unterland R and Unterland Crystal for silage bale wrapping. These films are specially designed to offer improved and better sustainability benefits. They are made from renewable resources.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.68% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type, Material, and End-User

Segmentation By Type

Cast Wrap

Blown Wrap

By Material

Polyethylene (PE)

- Low Density Polyethylene (LDPE)

- High Density Polyethylene (HDPE)

Polyvinyl Chloride (PVC)

Polypropylene (PP)

Biaxially Oriented Polypropylene (BOPP)

Others

By End-User

Shipping & Logistics

Food & Beverage

Agriculture

Building & Construction

Chemical

Household

Others

By Region

North America (By Type, Material, By End User, and Country)

- U.S. (By End User)

- Canada (By End User)

Europe (By Type, By Material, By End User, and Country)

- Germany (By End User)

- UK (By End User)

- France (By End User)

- Italy (By End User)

- Spain (By End User)

- Russia (By End User)

- Poland (By End User)

- Romania (By End User)

- Rest of Europe (By End User)

Asia Pacific (By Type, Material, End User, and Country)

- China (By End User)

- India (By End User)

- Japan (By End User)

- Australia (By End User)

- South Korea (By End User)

- Southeast Asia (By End User)

- Rest of Asia Pacific (By End User)

Latin America (By Type, By Material, By End User, and Country)

- Brazil (By End User)

- Mexico (By End User)

- Argentina (By End User)

- Rest of Latin America (By End User)

Middle East & Africa (By Type, By Material, By End User, and Country)

- Saudi Arabia (By End User)

- U.A.E. (By End User)

- Oman (By End User)

- South Africa (By End User)

- Rest of Middle East and Africa (By End User)


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