Stretch And Shrink Film Market:
The GMI Research forecasts that the stretch and shrink film market is witnessing an upsurge in demand during the forecast period. This is mainly due to various remarkable benefits over conventional packaging and the growing demand for packed food and beverages.
Top Manufacturers in the Stretch and Shrink Film Market:
- AEP Industries Inc.
- Amcor Plc.
- Berry Global Inc.
- Sigma Plastics Group
- Bollore Inc.
- AAKRITI Packaging
- Allied Propack Private Limited.
- American Eagle Packaging Corporation
- AmTopp Films, Inc.
- Baoding Enshi Pack Co. Ltd.
Stretch and Shrink Film Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Various remarkable benefits over the conventional packaging and the growing demand for packed food and beverages, are the major factors surging the growth of the global stretch and shrink film market. In the past few years, transporting goods from one place to another was a difficult task as most of the time, transportation of the products ended up in damaging the packaged items. However, with time methodologies have simplified and changed. Recently, stretch and shrink films are usually used for product wrapping while transferring the products. They save the wrapping time of employees as compared to tedious hand wrapping. Wrapping machines gives surety that no space in the product is left unwrapped to prevent product damage. Thereby, various benefits of stretch and shrink films over conventional methodologies or procedures will fuel the growth of the market. Additionally, rapidly changing lifestyles of individuals are shifting their emphasis toward packaged food and beverages, which can be easily consumed. This has led to an upsurge in the production of ready to eat foods and beverages, which has increased the adoption of stretch and shrink films for safe deliveries.
Application Segment Drivers
Based on application, the market is segmented into industrial packaging, food & beverage, consumer goods, and pharmaceutical. Moreover, the food & beverage industry is expected to dominate the market during the forecast period due to the growing demand for packed foods such as frozen food, processed food, bakery products, and others.
Regional Drivers
Based on the region, the Asia Pacific is projected to dominate the market during the forecast period due to the rapid technological innovation in stretch films. Furthermore, the growing number of export and import of goods will surge the growth of the market in the region.
Stretch And Shrink Film Market Segmentation:
Segmentation by Resin:
- LLDPE
- LDPE
- PVC
- Others
Segmentation by Product:
- Hoods
- Sleeves and labels
- Wraps
Segmentation by Application:
- Food & beverage
- Industrial packaging
- Consumer goods
- Pharmaceutical
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research’s extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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