Stretch And Shrink Films Market Size, Share & Trends Analysis Report By Type (LLDPE, LDPE, PVC), By Material (Hoods, Warps, Sleeve Labels), By Application (Food & Beverage, Industrial Packaging, Pharmaceutical), And Segment Forecasts, 2022 - 2030

Stretch And Shrink Films Market Growth & Trends

The global stretch and shrink films market size is expected to reach USD 25.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2022 to 2030. Rising demand for the light-weight material for industrial packaging is expected to drive growth for the product over the forecast period. The introduction of superior shrink and stretch film materials such as Linear Low-density Polyethylene (LLDPE), extended Polyethylene (EPE) and High-Density Polyethylene (HDPE) is expected to further strengthen the pallet holding abilities of the films.

In addition, the development of bio-degradable stretch and shrink films by the leading manufacturers in a bid to counter the challenges of film disposal is expected to drive the demand over the forecast period. The demand is also expected to be driven by superior packaging properties such as improved printability, easier application and robust package sealing capabilities of the films. The low weight of the product results in a substantial decrease in the transportation cost thereby elevating the profit margins, resulting in the higher adoption of such packaging materials by the leading end-use industries.

Plastic packaging products are affordable and offer robust barrier properties, which contribute to their widespread penetration in food and beverage industry. With increasing government intervention in plastic product manufacturing, producers operating in stretch and shrink films packaging market are making efforts to offer products using eco-friendly and sustainable raw materials. Growing presence of large-sized packaged food, consumer goods, and pharmaceutical companies with robust penetration of distribution channels in Asia Pacific contributes towards the high market share of stretch and shrink films in the region. Additionally, upsurge in e-commerce sales in the countries of region such as India, China, Indonesia is expected to contribute towards the growth of the market during the forecast period.

Stretch And Shrink Films Market Report Highlights

  • The LLDPE segment is expected to witness the highest CAGR of 5.7% from 2022 to 2028. The demand for LLDPE is driven by its superior pallet unitization characteristics coupled with increased damage resistance during product transportation
  • Stretch and shrink film hoods are expected to register highest growth rate during the forecast period. The growth is expected to be driven by increasing demand for hoods in industrial packaging and consumer goods packaging. Also, ease of packaging achieved by stretch and shrink film hoods are expected to drive the demand for the product over the forecast period
  • The food and beverages segment accounted for revenue share of 40.6% in 2021 driven by the increasing demand for high strength, low weight packaging materials. In addition, ease of packaging material sterilization is expected to further drive the demand for stretch films for food packaging during the forecast period
  • The sleeves and labels segment is expected to witness robust growth on account of rising demand for the product in the beverage industry. Also, easier product marketing and branding owing to the ease of application of the labels onto the bottle is expected to attract major beverage manufacturers towards the product segment
  • The demand for the product in Asia Pacific is expected to witness growth owing to rapid growth of the application industries such as food and beverage and consumer goods. In addition, growing import and export activities by the developing economies such as India and China are expected to drive the demand for low weight packaging material for pallet unitization of industrial goods
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Major Raw Material Trends Analysis
3.3.2. Procurement Best Practices
3.3.3. Manufacturing Trends
3.3.4. Vendor Selection Criteria
3.4. Technology Framework
3.4.1. Sales Channel Analysis
3.5. Regulatory Framework
3.6. Stretch and Shrink Films Market - Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environmental Tools Analysis: Stretch and Shrink Films Market
3.7.1. Porter’s Five Forces Analysis
3.7.1.1. Bargaining Power of Suppliers
3.7.1.2. Bargaining Power of Buyers
3.7.1.3. Threat of Substitution
3.7.1.4. Threat of New Entrants
3.7.1.5. Competitive Rivalry
3.7.2. PESTLE Analysis
3.7.2.1. Political Landscape
3.7.2.2. Economic Landscape
3.7.2.3. Social Landscape
3.7.2.4. Technology Landscape
3.7.2.5. Environmental Landscape
3.7.2.6. Legal Landscape
3.8. Market Entry Strategies
Chapter 4. Stretch and Shrink Films Market: Resin Estimates & Trend Analysis
4.1. Stretch and Shrink Films Market: Resin Movement Analysis, 2021 & 2030
4.2. LDPE
4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
4.3. LLDPE
4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
4.4. PVC
4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
4.5. Others
4.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 5. Stretch and Shrink Films Market: Product Estimates & Trend Analysis
5.1. Stretch and Shrink Films Market: Product Movement Analysis, 2021 & 2030
5.2. Hoods
5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
5.3. Wraps
5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
5.4. Sleeves & labels
5.4.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
Chapter 6. Stretch and Shrink Films Market: Application Estimates & Trend Analysis
6.1. Stretch and Shrink Films Market: Application Movement Analysis, 2021 & 2030
6.2. Food & Beverages
6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
6.3. Industrial Packaging
6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
6.4. Pharmaceutical
6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
6.5. Consumer Goods
6.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 7. Stretch and Shrink Films Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. Stretch and Shrink Films market: Regional movement analysis, 2021 & 2030
7.3. North America
7.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.3.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.3.3. Market estimates and forecasts, by material, 2017 - 2028 (USD Billion)
7.3.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.3.5. U.S.
7.3.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.3.5.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.3.5.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.3.5.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.3.6. Canada
7.3.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.3.6.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.3.6.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.3.6.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.3.7. Mexico
7.3.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.3.7.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.3.7.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.3.7.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.4. Europe
7.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.4.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.4.3. Market estimates and forecasts, by material, 2017 - 2028 (USD Billion)
7.4.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.4.5. Germany
7.4.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.4.5.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.4.5.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.4.5.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.4.6. U.K.
7.4.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.4.6.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.4.6.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.4.6.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.4.7. France
7.4.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.4.7.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.4.7.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.4.7.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.4.8. Italy
7.4.8.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.4.8.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.4.8.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.4.8.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.4.9. Spain
7.4.9.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.4.9.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.4.9.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.4.9.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.5. Asia Pacific
7.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.5.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.5.3. Market estimates and forecasts, by material, 2017 - 2028 (USD Billion)
7.5.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.5.5. China
7.5.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.5.5.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.5.5.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.5.5.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.5.6. India
7.5.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.5.6.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.5.6.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.5.6.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.5.7. Japan
7.5.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.5.7.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.5.7.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.5.7.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.6. Central & South America
7.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.6.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.6.3. Market estimates and forecasts, by material, 2017 - 2028 (USD Billion)
7.6.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.6.5. Brazil
7.6.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.6.5.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.6.5.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.6.5.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.7. Middle East & Africa
7.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.7.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.7.3. Market estimates and forecasts, by material, 2017 - 2028 (USD Billion)
7.7.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
7.7.5. South Africa
7.7.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
7.7.5.2. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
7.7.5.3. Market estimates and forecasts, by material, 2017 - 2030 (USD Billion)
7.7.5.4. Market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
8.1. Key Global Players, Their Initiatives, & Its Impact on the Market
8.2. Key Company Categorization
8.3. Vendor Landscape
8.3.1. List of Key Distributors & Channel Partners
8.3.2. Key Customers
8.3.3. Ranking Analysis of Key Companies
8.4. Public Companies
8.4.1. Market Position Analysis of Companies
8.4.2. Competitive Dashboard Analysis
8.4.3. Synergy Analysis: Major Deals and Strategic Alliances
8.5. Private Companies
8.5.1. List of Key Emerging Companies/ Technology Disruptors
8.5.2. Geographical Presence
8.5.3. Market Position Analysis of Companies
Chapter 9. Company Profiles
9.1. AEP Industries Inc.
9.1.1. Company overview
9.1.2. Financial performance
9.1.3. Product benchmarking
9.1.4. Strategic initiatives
9.2. Berry Global Inc.
9.2.1. Company overview
9.2.2. Financial performance
9.2.3. Product benchmarking
9.2.4. Strategic initiatives
9.3. Sigma Plastics Group
9.3.1. Company overview
9.3.2. Financial performance
9.3.3. Product benchmarking
9.3.4. Strategic initiatives
9.4. Bollore Inc.
9.4.1. Company overview
9.4.2. Financial performance
9.4.3. Product benchmarking
9.4.4. Strategic initiatives
9.5. American Eagle Packaging
9.5.1. Company overview
9.5.2. Financial performance
9.5.3. Product benchmarking
9.5.4. Strategic initiatives
9.6. Baoding Enshi Pack Co.
9.6.1. Company overview
9.6.2. Financial performance
9.6.3. Product benchmarking
9.6.4. Strategic initiatives
9.7. Bonset America Corporation
9.7.1. Company overview
9.7.2. Financial performance
9.7.3. Product benchmarking
9.7.4. Strategic initiatives
9.8. Coveris
9.8.1. Company overview
9.8.2. Financial performance
9.8.3. Product benchmarking
9.8.4. Strategic initiatives
9.9. Barbier Group
9.9.1. Company overview
9.9.2. Financial performance
9.9.3. Product benchmarking
9.9.4. Strategic initiatives
9.10. Hipac Packaging Solutions
9.10.1. Company overview
9.10.2. Financial performance
9.10.3. Product benchmarking
9.10.4. Strategic initiatives

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