Stretch & Shrink Films Market, By Materials (Polypropylene, Polyvinyl Chloride, Linear Low Density Polyethylene, and Low Density Polyethylene), By Application (Pharmaceutical, Food & Beverage, Paper & Textile and Electronics) and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) Analysis, Share, Trends, Size, & Forecast from 2019 2025
REPORT HIGHLIGHT
The Stretch & Shrink Films Market was valued at USD 13.37 billion by 2018, growing with 3.8% CAGR during the forecast period, 2019-2025.
Market Dynamics
Stretch and shrink films are materials that flexible in nature and provide for the effective packaging of various products. These films improve the durability of the product during transportation by preventing environmental damage due to faulty packaging. They are used to package electronic materials, food & beverage products, toys, etc. With an increase in the import and export of products globally, the need for effective solutions is essential. Due to the increase in demand for fresh fruits and vegetables and organic products, the stretch and shrink market is expected to rise since this is the most common film used for these products.
The increased demand for pallet unitization type packaging will further enhance the demand for this product. These products are high on safety and quality considering they come in direct content with food products. Other factors such as the rise in the retail sector due to the growth of E-commerce are also contributing factors. The processed food market needs primary and secondary level packaging, therefore it uses stretch and shrinks packaging owing to its cost-efficacy and ease of use. Rise in stringent regulatory norms across the globe with respect to packaging may be a restraining factor for the growth of the industry
Product Takeaway
This product can be categorized into polypropylene, polyvinyl chloride (PVC), linear low-density polyethylene (LLDPE) and low-density polyethylene (LDPE). Of which LLDPE is a resin-based material that is expected to grow exponentially over the forecasted period. The reason for this growth can be attributed to its high packaging strength, flexibility and effectiveness during usage making it ideal. LDPE is also effective packaging material and resistant to heat etc., however, LLDPE may be a better variant in such a case hence the demand will favor LLDPE.
PVC is one of the leading products that are already in high demand due to its effective oxygen permeability, thus making this the ideal product for fresh meat, seafood, and fresh fruits and vegetables. However, the potential health hazards this product possess is likely to affect the consistent growth of the industry. PVC contains phthalates, these are known to be absorbed in food or saliva that may have hazardous health repercussions. Even with regards to the sustainability and incineration, this product falters environmentally.
Application Takeaway
The core application areas for stretch and shrink market are food & beverage, pharmaceutical, electronics, and paper & textile. It is estimated that the food and beverage industry dominates this industry. The diverse functionality shrink and stretch packaging offer I.e. Sterilization benefits, heat tolerance, low density, high strength, etc. all work in favor of the growth of this industry.
Increased demand for packaged beverages is also expected to further accelerate this industry. Stretch wrap films are excellent for adhesive labels. Form-fill seal type packaging, sleeves, and wraps. Products such as cold salads etc. need stretch and shrink films for ideal packaging. These films are also used in the pharmaceutical industry such as plastic bottles, cartons, tubes, etc.
Regional Takeaway
Increased production capabilities and an environment conducive to manufacturing have resulted in a boom in the manufacturing capabilities of China and India. For instance, reports published by the USFDA Foreign Agriculture Service in January 2019 stated that China’s food processing industry grew by 6.3% in 2017. It also states that the profits obtained from the beverage industry grew by 17%. Thus the Asia Pacific region dominates the consumption of Stretch and shrinks films by having a market share of approximately 40%. An increase in manufacturing units in the North American region is expected to accelerate the demand for this product. It could be used as secondary packaging material beverages, personal care products & pharmaceuticals.
Key Vendor Takeaway
The key players that dominate this market are Berry Plastics Corporation, Coveris Holdings Inc., AEP Industries Inc., Bollore Inc., Sigma Plastics Group, Bonset America Corporation, Allied Global Plastics Pvt. Ltd., Bemis Company Inc., American Eagle Packaging, and Bonset America Corporation are known for their customized solutions that they provide to their customer based on their vast experience. Berry Plastics Corporation announced in October 2019 about its pledge to have all it’s plastic reusable, recyclable and compostable by the year 2025 in an effort to be more sustainable.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2018
- Estimated Year – 2019
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY MATERIALS
- Polypropylene
- Polyvinyl Chloride (PVC)
- Linear low density polyethylene (LLDPE)
- Low density polyethylene (LDPE)
- Others
MARKET, BY APPLICATION
- Electronics
- Pharmaceutical
- Food & Beverage
- Paper & Textile
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1.STRETCH & SHRINK FILMS MARKET OVERVIEW
1.1.Study Scope
1.2.Assumption and Methodology
2.EXECUTIVE SUMMARY
2.1.Market Snippet
2.1.1.Market Snippet by Material
2.1.2.Market Snippet by Application
2.1.3.Market Snippet by Region
2.2.Competitive Insights
3.STRETCH & SHRINK FILMS KEY MARKET TRENDS
3.1.Market Drivers
3.1.1.Impact Analysis of Market Drivers
3.2.Market Restraints
3.2.1.Impact Analysis of Market Restraints
3.3.Market Opportunities
3.4.Market Future Trends
4.STRETCH & SHRINK FILMS INDUSTRY STUDY
4.1.Porter’s Five Forces Analysis
4.2.Marketing Strategy Analysis
4.3.Growth Prospect Mapping
4.4.Regulatory Framework Analysis
5.STRETCH & SHRINK FILMS MARKET LANDSCAPE
5.1.Market Share Analysis
5.2.Key Innovators
5.3.Breakdown Data, by Key manufacturer
5.3.1.Established Player Analysis
5.3.2.Emerging Player Analysis
6.STRETCH & SHRINK FILMS MARKET – BY MATERIAL
6.1.Overview
6.1.1.Segment Share Analysis, By Material, 2018 & 2025 (%)
6.2.Polypropylene
6.2.1.Overview
6.2.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3.Polyvinyl Chloride (PVC)
6.3.1.Overview
6.3.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4.Linear low density polyethylene (LLDPE)
6.4.1.Overview
6.4.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5.Low density polyethylene (LDPE)
6.5.1.Overview
6.5.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6.Others
6.6.1.Overview
6.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.STRETCH & SHRINK FILMS MARKET – BY APPLICATION
7.1.Overview
7.1.1.Segment Share Analysis, By Application, 2018 & 2025 (%)
7.2.Electronics
7.2.1.Overview
7.2.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3.Pharmaceutical
7.3.1.Overview
7.3.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4.Food & Beverage
7.4.1.Overview
7.4.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5.Paper & Textile
7.5.1.Overview
7.5.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.6.Others
7.6.1.Overview
7.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.STRETCH & SHRINK FILMS MARKET– BY GEOGRAPHY
8.1.Introduction
8.1.1.Segment Share Analysis, By Region, 2018 & 2025 (%)
8.2.North America
8.2.1.Overview
8.2.2.Key Manufacturers in North America
8.2.3.North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4.North America Market Size and Forecast, By Material, 2014 – 2025 (US$ Million)
8.2.5.North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.2.6.U.S.
8.2.6.1.Overview
8.2.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7.Canada
8.2.7.1.Overview
8.2.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.Europe
8.3.1.Overview
8.3.2.Key Manufacturers in Europe
8.3.3.Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4.Europe Market Size and Forecast, By Material, 2014 – 2025 (US$ Million)
8.3.5.Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.3.6.Germany
8.3.6.1.Overview
8.3.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7.Italy
8.3.7.1.Overview
8.3.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8.United Kingdom
8.3.8.1.Overview
8.3.8.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.9.France
8.3.9.1.Overview
8.3.9.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.10.Rest of Europe
8.3.10.1.Overview
8.3.10.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.Asia Pacific (APAC)
8.4.1.Overview
8.4.2.Key Manufacturers in Asia Pacific
8.4.3.Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4.Asia Pacific Market Size and Forecast, By Material, 2014 – 2025 (US$ Million)
8.4.5.Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.4.6.India
8.4.6.1.Overview
8.4.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7.China
8.4.7.1.Overview
8.4.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8.Japan
8.4.8.1.Overview
8.4.8.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.9.South Korea
8.4.9.1.Overview
8.4.9.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.10.Rest of APAC
8.4.10.1.Overview
8.4.10.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.Latin America
8.5.1.Overview
8.5.2.Key Manufacturers in Latin America
8.5.3.Latin America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4.Latin America Market Size and Forecast, By Material, 2014 – 2025 (US$ Million)
8.5.5.Latin America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.5.6.Brazil
8.5.6.1.Overview
8.5.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7.Mexico
8.5.7.1.Overview
8.5.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.8.Argentina
8.5.8.1.Overview
8.5.8.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.9.Rest of LATAM
8.5.9.1.Overview
8.5.9.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6.Middle East and Africa
8.6.1.Overview
8.6.2.Key Manufacturers in Middle East and Africa
8.6.3.Middle East and Africa Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.6.4.Middle East and Africa Market Size and Forecast, By Material, 2014 – 2025 (US$ Million)
8.6.5.Middle East and Africa Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.6.6.Saudi Arabia
8.6.6.1.Overview
8.6.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6.7.United Arab Emirates
8.6.7.1.Overview
8.6.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.KEY VENDOR ANALYSIS
9.1.Berry Plastics Corporation
9.1.1.Company Snapshot
9.1.2.Financial Performance
9.1.3.Product Benchmarking
9.1.4.Strategic Initiatives
9.2.Coveris Holdings Inc.
9.3.AEP Industries Inc.
9.4.Bollore Inc.
9.5.Sigma Plastics Group
9.6.Bonset America Corporation
9.7.Allied Global Plastics Pvt. Ltd.
9.8.Bemis Company Inc.
9.9.American Eagle Packaging
9.10.Bonset America Corporation
10.360 DEGREE ANALYSTVIEW
11.APPENDIX
11.1.Research Methodology
11.2.References
11.3.Abbreviations
11.4.Disclaimer
11.5.Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Stretch & Shrink Films market: Material snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Material
TABLE Global Stretch & Shrink Films market, by Material 2014-2025 (USD Million)
TABLE Stretch & Shrink Films market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Stretch & Shrink Films market, by Application 2014-2025 (USD Million)
TABLE Stretch & Shrink Films market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Stretch & Shrink Films market, by Region 2014-2025 (USD Million)
TABLE North America Stretch & Shrink Films market, by Country, 2014-2025 (USD Million)
TABLE North America Stretch & Shrink Films market, by Material, 2014-2025 (USD Million)
TABLE North America Stretch & Shrink Films market, by Application, 2014-2025 (USD Million)
TABLE Europe Stretch & Shrink Films market, by country, 2014-2025 (USD Million)
TABLE Europe Stretch & Shrink Films market, by Material, 2014-2025 (USD Million)
TABLE Europe Stretch & Shrink Films market, by Application, 2014-2025 (USD Million)
TABLE Asia Pacific Stretch & Shrink Films market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Stretch & Shrink Films market, by Material, 2014-2025 (USD Million)
TABLE Asia Pacific Stretch & Shrink Films market, by Application, 2014-2025 (USD Million)
TABLE Latin America Stretch & Shrink Films market, by country, 2014-2025 (USD Million)
TABLE Latin America Stretch & Shrink Films market, by Material, 2014-2025 (USD Million)
TABLE Latin America Stretch & Shrink Films market, by Application, 2014-2025 (USD Million)
TABLE Middle East and Africa Stretch & Shrink Films market, by country, 2014-2025 (USD Million)
TABLE Middle East and Africa Stretch & Shrink Films market, by Material, 2014-2025 (USD Million)
TABLE Middle East and Africa Stretch & Shrink Films market, by Application, 2014-2025 (USD Million)
List of Figures
FIGURE Stretch & Shrink Films market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Material segment market share analysis, 2018 & 2025
FIGURE Material segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Polypropylene market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Polyvinyl Chloride (PVC) market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Linear low density polyethylene (LLDPE) market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Low density polyethylene (LDPE) market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2018 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Electronic Application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Pharmaceutical Application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Food & Beverage Application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Paper & Textile Application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others Application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2018 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Stretch & Shrink Films market share and leading players, 2018
FIGURE Europe Stretch & Shrink Films market share and leading players, 2018
FIGURE Asia Pacific Stretch & Shrink Films market share and leading players, 2018
FIGURE Latin America Stretch & Shrink Films market share and leading players, 2018
FIGURE Middle East and Africa Stretch & Shrink Films market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Spain market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Italy market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE UK market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE France market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Japan market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE South Korea market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Singapore market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of APAC market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market share analysis by country, 2018
FIGURE Brazil market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Mexico market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Argentina market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of LATAM market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market share analysis by country, 2018
FIGURE Saudi Arabia market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE United Arab Emirates market size, forecast and trend analysis, 2014 to 2025 (USD Million)
