Stretch and Shrink Film Market Size- By Product, By Application, By Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Stretch and Shrink Film Market Overview
According to SPER Market Research, the Global Stretch and Shrink Film Market is estimated to reach USD 28.80 billion by 2032 with a CAGR of 5.67%. A plastic film called stretch and shrink film is used to wrap things. The shrink wrap is put loosely to the product and shrinks tightly when heated, whereas the stretch wrap is flexible. The packaging of various consumer goods, including toys, gifts, and electrical devices, is a common usage for these films. Additionally, they give items and packages more stability when they are combined into a unit load, which aids in the efficient handling of packages and increases their resistance to dust and moisture.
Impact of COVID-19 on the Global Stretch and Shrink Film Market The COVID-19 pandemic has had a significant impact on the global stretch and shrink film market, with both positive and negative effects. On the one hand, the increased demand for essential goods such as food and medical supplies during the pandemic has led to a surge in demand for packaging materials, including stretch and shrink films.
Scope of the Report: Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Product, By Application, By Material
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Amchor Plc, American Eagle packaging, Barbier Group, Bemis Group, Berry Plastic, Coveris, Dow, Fuji, Intertape Polymer group, Paragon, Vitopel
Global Stretch and Shrink Film Market Segmentation:
By Product: Based on the Product, Global Stretch and Shrink Film Market is segmented as; Hoods, Sleeves and labels, Wraps.
By Material: Based on the Material, Global Stretch and Shrink Film Market is segmented as; LDPE, LLDPE, PVC, Others.
By Region: This report also provide the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America