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Global Stretch and Shrink Film Market 2019-2023

  • Published: Apr 2019
  • Pages: 140
  • SKU: IRTNTR31199
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The global stretch and shrink film market is forecast to grow at a CAGR of almost 6% during 2018-2023, and the market size will increase by USD 4.91 billion during the forecast period of 2019-2023. Between 2018-2023, the stretch and shrink film market will grow at a faster pace than the overall market growth in 2019. The growth momentum of the stretch and shrink film market is expected to accelerate in the second half of the forecast period compared to the increase in the first half.

The stretch and shrink film market is fragmented, and the degree of fragmentation is expected to remain the same by 2023. An outlook of accelerating growth would provide opportunities to all market participants to grow. Market participants should focus on the opportunities on the demand side rather than getting overly impacted with the competitive dynamics. The accelerating growth momentum will be one of the contributing factors moderating the competitive intensity in the market over the forecast period.

Some of the key findings from our stretch and shrink film market forecast report are summarized below

Stretch and Shrink Film Market

Food and beverages was the largest segment within the overall market in 2018 and will continue to remain so in 2023. The growth rate of consumer goods and other segments will be faster than the global market growth during the forecast period 2019-2023. However, the growth rate of the food and beverages and industrial/bulk segments will be slower than the overall market growth.

To identify growth opportunities in the stretch and shrink film market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC, MEA, and South America will grow faster than the overall market. Market growth in Europe and North America will be slower than the global market.

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This stretch and shrink film market report provides a detailed analysis of the market by type (stretch film and shrink film), application (food and beverages, industrial/bulk, consumer goods, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Bemis Company Inc., Berry Global Inc., Inteplast Group, LyondellBasell Industries N.V., Sealed Air, and Sigma Plastics Group.

Global stretch and shrink film industry overview

The growing environmental concerns among consumers and governmental organizations is forcing the packaging industry to adopt biopolymer-based plastics. Bio-based plastics are manufactured from biodegradable biomass. Moreover, they also have lower emission and overall carbon footprint than petroleum based-resins. The easy availability of raw materials for bioplastics manufacturing and the adoption of eco-friendly initiatives by corporates is also boosting the use of bioplastic packaging in industrial applications. This increasing preference for bioplastics is identified as a critical trend that will positively impact the growth of the shrink and stretch film market.

Packaging plays a significant role in the supply chain of food and beverages industry as it helps in retaining the quality and taste of food products and protecting it from contamination. Companies are also using new and creative forms of packaging to enhance the aesthetic appeal of their products. Shrink and stretch films have emerged as one of the most preferred options for packaging food products because of its high barrier properties, affordability, and ability to print on the film. These films are also lightweight and durable which is further boosting its popularity among convenience food and beverage packaging industries. With the increasing penetration of supermarkets, convenience stores, hypermarkets, and e-retailing, the demand for packaged food and beverages will also grow. This will consequently drive the demand for stretch and shrink films driving market growth at a CAGR of almost 6% during the forecast period.

Top stretch and shrink film companies covered in this market research report

The global stretch and shrink film market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this stretch and shrink film market analysis report also provides information on the upcoming trends and challenges that will influence shrink and stretch film market growth. This will help companies create strategies to make the most of their future growth opportunities.

The report offers a detailed analysis of several leading stretch and shrink film manufacturers, including:

  • Bemis Company Inc.
  • Berry Global Inc.
  • Inteplast Group
  • LyondellBasell Industries N.V.
  • Sealed Air 
  • Sigma Plastics Group

Stretch and shrink film market segmentation based on application

  • Food and beverages
  • Industrial/bulk
  • Consumer goods
  • Others

The food and beverages segment will account for the highest stretch and shrink film market share. The rising demand from packaged food and beverages industry and the growth of the functional beverages market will drive the growth of the shrink and stretch film market in this segment.

Stretch and shrink film market segmentation based on geographic region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for companies, it has been identified that the APAC region will account for the highest stretch and shrink film market share throughout the forecast period. Increasing industrialization and the rising demand for stretch films and shrink films from various end-user industries in APAC will drive market growth in this region.

Key highlights of the global stretch and shrink film market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the stretch and shrink film market during the next five years
  • Precise estimation of the global stretch and shrink film market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the stretch and shrink film industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of stretch and shrink film companies  

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Stretch film - Market size and forecast 2018-2023
  • Shrink film - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Food and beverages - Market size and forecast 2018-2023
  • Industrial/bulk - Market size and forecast 2018-2023
  • Consumer goods - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Increasing adoption of bioplastics
  • Increased use of LLDPE over other forms of polyethylene
  • Increasing focus toward recycling to reduce plastic waste

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bemis Company Inc.
  • Berry Global Inc.
  • Inteplast Group
  • LyondellBasell Industries N.V.
  • Sealed Air 
  • Sigma Plastics Group

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations

PART 16: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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