Global Stretch & Shrink Films Market Size, Trends & Growth Opportunity, By Resin (Polyvinyl Chloride, Low-density polyethylene, and Linear low-density polyethylene), By Product (Wraps, Sleeves & labels, and Hoods), By Application (Pharmaceutical, Consumer Goods, Industrial Packaging, and Food & Beverages), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Stretch & Shrink Films Market
Global Stretch & Shrink Films Market was valued at USD 13.38 billion in 2021 which is expected to reach USD 23.27 billion by 2027 at a CAGR 5.8% from 2022-2027.
The lightest packaging materials are made of stretch and shrink films. These are extensively utilized for packaging across a variety of industries, including pharmaceutical, consumer goods, industrial packaging, and food and beverages.
Market Drivers
The main factor expected to fuel the growth of the global stretch & shrink films market is the rise in demand for processed food on a global scale. Additionally, it is anticipated that during this forecast period, the global stretch & shrink films industry will experience strong growth due to rising consumer and industrial product demand in developing nations like China and India. Stretch and shrink film will increasingly be used in place of conventional packaging materials, which will help the market for these films grow globally.
Additionally, the availability of numerous local and foreign manufacturers along with the expanding use of secondary packaging for products is anticipated to drive the expansion of the global stretch and shrink film market.
Market Restraints
However, strict laws and regulations and frequently fluctuating raw material costs are the market's difficult factors and are anticipated to restrain the growth of the world's stretch & shrink foils market.
Impact of COVID 19 on Market
The global stretch and shrink film market is increasingly suffering from the coronavirus (COVID 19) disease. Due to COVID 19, the industry is dealing with several difficulties, including decreased production and supply chain issues. Global stretch and shrink film market expansion is anticipated to be moderately impacted by the COVID 19 outbreak.
Market Segmentation
The 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.
Regional Analysis
The Global Stretch & Shrink Films Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The stretch and shrink film market was dominated by the Asia Pacific region. Due to the growing food and beverage industries, particularly in China and India, the region is predicted to dominate. Over the forecast period, rising consumer disposable income and rising packaged food demand are anticipated to drive up the demand for flexible packaging.
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
- Wraps
- Sleeves & labels
- Hoods
- Pharmaceutical
- Consumer Goods
- Industrial Packaging
- Food & Beverages
- North America
- Latin America
- Europe
- Asia Pacific
- Middle Eat & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Stretch & Shrink Films Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Stretch & Shrink Films Market, By Resin
- 5.1 Y-o-Y Growth Comparison, By Resin
- 5.2 Global Stretch & Shrink Films Market Share Analysis, By Resin
- 5.3 Global Stretch & Shrink Films Market Size and Forecast, By Resin
- 5.3.1 Polyvinyl Chloride
- 5.3.2 Low- Density Polyethylene
- 5.3.3 Linear Low- Density Polyethylene
- 6 Global Stretch & Shrink Films Market, By Product
- 6.1 Y-o-Y Growth Comparison, By Product
- 6.2 Global Stretch & Shrink Films Market Share Analysis, By Product
- 6.3 Global Stretch & Shrink Films Market Size and Forecast, By Product
- 6.3.1 Wraps
- 6.3.2 Sleeves & Labels
- 6.3.3 Hoods
- 7 Global Stretch & Shrink Films Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Stretch & Shrink Films Market Share Analysis, By Application
- 7.3 Global Stretch & Shrink Films Market Size and Forecast, By Application
- 7.3.1 Pharmaceutical
- 7.3.2 Consumer Goods
- 7.3.3 Industrial Packaging
- 7.3.4 Food & Beverages
- 8 Global Stretch & Shrink Films Market, By Region
- 8.1 Global Stretch & Shrink Films Market Share Analysis, By Region
- 8.2 Global Stretch & Shrink Films Market Share Analysis, By Region
- 8.3 Global Stretch & Shrink Films Market Size and Forecast, By Region
- 9 North America Stretch & Shrink Films Market Analysis and Forecast (2022 – 2027)
- 9.1 Introduction
- 9.2 North America Stretch & Shrink Films Market Share Analysis, By Resin
- 9.3 North America Stretch & Shrink Films Market Size and Forecast, By Product
- 9.4 North America Stretch & Shrink Films Market Size and Forecast, By Application
- 9.5 North America Stretch & Shrink Films Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Stretch & Shrink Films Market Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 Europe Stretch & Shrink Films Market Share Analysis, By Resin
- 10.3 Europe Stretch & Shrink Films Market Size and Forecast, By Product
- 10.4 Europe Stretch & Shrink Films Market Size and Forecast, By Application
- 10.5 Europe Stretch & Shrink Films Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Stretch & Shrink Films Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Asia Pacific Stretch & Shrink Films Market Share Analysis, By Resin
- 11.3 Asia Pacific Stretch & Shrink Films Market Size and Forecast, By Product
- 11.4 Asia Pacific Stretch & Shrink Films Market Size and Forecast, By Application
- 11.5 Asia Pacific Stretch & Shrink Films Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4 Rest of Asia Pacific
- 12 Latin America Stretch & Shrink Films Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Latin America Stretch & Shrink Films Market Share Analysis, By Resin
- 12.3 Latin America Stretch & Shrink Films Market Size and Forecast, By Product
- 12.4 Latin America Stretch & Shrink Films Market Size and Forecast, By Application
- 12.5 Latin America Stretch & Shrink Films Market Size and Forecast, Country
- 12.5.1 Brazil
- 12.5.2 Rest of Latin America
- 13 Middle East Stretch & Shrink Films Market Analysis and Forecast (2022 – 2027)
- 13.1 Introduction
- 13.2 Middle East Stretch & Shrink Films Market Share Analysis, By Resin
- 13.3 Middle East Stretch & Shrink Films Market Size and Forecast, By Product
- 13.4 Middle East Stretch & Shrink Films Market Size and Forecast, By Application
- 13.5 Middle East Stretch & Shrink Films Market Size and Forecast, By Country
- 13.5.1 Saudi Arabia
- 13.5.2 UAE
- 13.5.3 Egypt
- 13.5.4 Kuwait
- 13.5.5 South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Coveris Holdings Inc.
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 American Eagle Packaging
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Bonset America Corporation
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Allied Global Plastics Pvt. Ltd
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Sigma Plastics Group
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Bollore Inc
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Bemis Company Inc.
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 AEP Industries Inc.
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Berry Plastics Corporation
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
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