The stretch and shrink film market share is expected to increase to USD 4.72 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.76%.
This stretch and shrink film market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers stretch and shrink film market segmentation by application (food and beverages, industrial or bulk, consumer goods, and pharmaceuticals), type (stretch film and shrink film), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The stretch and shrink film market report also offers information on several market vendors, including Allied Propack Pvt. Ltd., American Eagle Packaging, Anchor Packaging LLC, Baoding Enshi Packaging Co. Ltd., Berry Global Group Inc., Bollore SE, C.I. TAKIRON Corp., Coveris Management GmbH, Eurofilms Extrusion Ltd., Exxon Mobil Corp., Fuji Seal International Inc., Groupe Barbier, HIPAC SpA, Inteplast Group, Intertape Polymer Group Inc., IPS Packaging and Automation, ISOFlex Packaging Corp., Paragon Films Inc., Rollsion Product Inc., SmartShield Packaging, and The Dow Chemical Co. among others.
What will the Stretch and Shrink Film Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Stretch and Shrink Film Market Size for the Forecast Period and Other Important Statistics
Stretch and Shrink Film Market: Key Drivers, Trends, and Challenges
The growth in retail sector is notably driving the stretch and shrink film market growth, although factors such as volatility in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the stretch and shrink film industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Stretch and Shrink Film Market Driver
- One of the key factors driving the global stretch and shrink film industry growth is the growth in retail sector.
- Large organized retail stores stock many brands offering a variety of consumer products such as household products, furnishings, personal care, and other home decor products under one roof. E-commerce and online retailing are also key sectors of the retail industry.
- The growing penetration of the Internet and smart gadgets increase consumer access to online shopping platforms.
- The convenience of online shopping and improved transactional and security features of e-commerce platforms are boosting online retailing among consumers.
- Stretch and shrink films are commonly used to pack consumer products in the e-commerce industry.
- Small and local market players are making their products available online on a national scale to increase their sales.
- Wider Internet penetration and growing consumer trust in online retail, combined with faster shipping services and the shifting consumer preference, are expected to drive the e-commerce market during the forecast period significantly.
Key Stretch and Shrink Film Market Trend
- Increasing adoption of bioplastics is one of the key stretches and shrink film market trends that is expected to impact the industry positively in the forecast period.
- Demand for biodegradable plastic products is increasing rapidly in industrial and consumer goods applications, especially in the packaging industry.
- The growing requirement for waste management has contributed to the growth of the bio-based plastic industry.
- Bio-based resins are made from raw materials obtained from sugarcane, wood pulp, soybean, coffee, castor plant seeds, corn, and many other renewable sources.
- Eco-friendly initiatives by corporates and an abundance of raw materials for manufacturing bioplastics have also increased the use of biodegradable packaging.
- FKuR Kunststoff GmbH offers a wide range of bioplastics-based stretch and shrink films such as Green LDPE SBF 0323 HC, Green LDPE SBF 0323/12HC, Green LLDPE SLH 118, Green LLDPE SLH 218, Green LLDPE SLL 118, and Green LLDPE SLL 318.
- Continuous development of new products by polymer manufacturers will further drive the market growth during the forecast years.
Key Stretch and Shrink Film Market Challenge
- One of the key challenges to the global stretch and shrink film industry growth is the volatility in raw material prices.
- The prices of raw materials used to manufacture stretch and shrink films are highly unpredictable as the high dependence on crude oil prices.
- Price volatility of petroleum-based raw materials and the increasing demand for stretch and shrink film products in emerging economies are hindering the growth of the global stretch and shrink film market.
- Prices of raw materials such as LLDPE, polyvinyl chloride, LDPE, HDPE, polypropylene, polyolefin, binders, and additives frequently fluctuate as they depend on crude oil prices as they are petroleum derivatives.
- A decline in crude oil prices in recent years prompted players in the oil and gas industry to implement cost-cutting measures such as workforce layoffs and rig idling. Brent crude oil fell to $104.58 per barrel in April 2022, compared to $117.25 per barrel in March 2022.
- Fluctuations in raw material prices can lead to unpredictability in the market, affect production costs adversely, and reduce vendor's profit margins, which will hamper market growth during the forecast period.
This stretch and shrink film market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global stretch and shrinks film market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the stretch and shrink film market during the forecast period.
Who are the Major Stretch and Shrink Film Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Allied Propack Pvt. Ltd.
- American Eagle Packaging
- Anchor Packaging LLC
- Baoding Enshi Packaging Co. Ltd.
- Berry Global Group Inc.
- Bollore SE
- C.I. TAKIRON Corp.
- Coveris Management GmbH
- Eurofilms Extrusion Ltd.
- Exxon Mobil Corp.
- Fuji Seal International Inc.
- Groupe Barbier
- HIPAC SpA
- Inteplast Group
- Intertape Polymer Group Inc.
- IPS Packaging and Automation
- ISOFlex Packaging Corp.
- Paragon Films Inc.
- Rollsion Product Inc.
- SmartShield Packaging
- The Dow Chemical Co.
This statistical study of the stretch and shrink film market encompasses successful business strategies deployed by the key vendors. The stretch and shrink film market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Allied Propack Pvt. Ltd. - The company offers stretch and shrink films such as Pe Heat, Polythene, and Pallet Hood Cover.
- Anchor Packaging LLC - The company offers stretch and shrink films such as Perforated Wrap E92222, Perforated Wrap E91212, and Perforated Wrap E91414.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The stretch and shrink film market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Stretch and Shrink Film Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the stretch and shrink film market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Stretch and Shrink Film Market?

For more insights on the market share of various regions Request for a FREE sample now!
47% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for stretch and shrink films in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The steady rise in production of end-products for domestic use as well as exports will facilitate the stretch and shrink film market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, various end-use industries such as food and beverage, construction, and consumer goods halted their operations in the region due to the imposition of lockdown. However, in 2021, restrictions were removed from various industries that led them to operate smoothly, which increased the demand for stretch and shrink films. Hence, the demand is expected to grow during the forecast period.
What are the Revenue-generating Application Segments in the Stretch and Shrink Film Market?

To gain further insights on the market contribution of various segments Request for a FREE sample
The stretch and shrink film market share growth by the food and beverages segment will be significant during the forecast period. Stretch and shrink film wraps are versatile packaging materials and can be used in the packaging of a variety of fresh food and beverage products such as dairy products, meat, seafood, poultry, fruits, vegetables, cheese, seafood, and meat. Shrink films are widely used in food and beverage packaging due to their high strength and durability. Thus, the rising demand from the packaged food and beverages industry will drive the segment growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the stretch and shrink film market size and actionable market insights on post COVID-19 impact on each segment.
You may be interested in:
US Stretch and Shrink market - The market is expected to grow at a CAGR of 3.76 percent over the period 2014-2019.
Stretch and Shrink Film Market Scope
|
Report Coverage
|
Details
|
Page number
|
160 |
Base year
|
2021
|
Forecast period
|
2022-2026
|
Growth momentum & CAGR
|
Accelerate at a CAGR of 5.76%
|
Market growth 2022-2026
|
$ 4.72 billion
|
Market structure
|
Fragmented
|
YoY growth (%)
|
4.8
|
Regional analysis
|
APAC, North America, Europe, South America, and Middle East and Africa
|
Performing market contribution
|
APAC at 47%
|
Key consumer countries
|
US, China, India, Japan, and Germany
|
Competitive landscape
|
Leading companies, Competitive strategies, Consumer engagement scope
|
Key companies profiled
|
Allied Propack Pvt. Ltd., American Eagle Packaging, Anchor Packaging LLC, Baoding Enshi Packaging Co. Ltd., Berry Global Group Inc., Bollore SE, C.I. TAKIRON Corp., Coveris Management GmbH, Eurofilms Extrusion Ltd., Exxon Mobil Corp., Fuji Seal International Inc., Groupe Barbier, HIPAC SpA, Inteplast Group, Intertape Polymer Group Inc., IPS Packaging and Automation, ISOFlex Packaging Corp., Paragon Films Inc., Rollsion Product Inc., SmartShield Packaging, and The Dow Chemical Co.
|
Market dynamics
|
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
|
Customization purview
|
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
|
Request for a FREE sample
What are the Key Data Covered in this Stretch and Shrink Film Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive stretch and shrink film market growth during the next five years
- Precise estimation of the 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, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of stretch and shrink film market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch