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Stretch and Shrink Film Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71838
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The stretch and shrink film market share is expected to increase by USD 4.28 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.50%.

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/bulk, consumer goods, and others), type (stretch film and shrink film), and geography (APAC, North America, Europe, South America, and MEA). The stretch and shrink film market report also offers information on several market vendors, including Allied Propack Pvt. Ltd., Anchor Packaging LLC, Berry Global Group Inc., C.I. TAKIRON Corp., Coveris Management GmbH, Dow Inc., DuPont de Nemours Inc., Groupe Barbier, Hipac Packaging Solutions, and Inteplast Group among others.

What will the Stretch and Shrink Film Market Size be During the Forecast Period?

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Stretch and Shrink Film Market: Key Drivers and Challenges

The growth in the 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

The high elasticity and stretchable properties are some of the key drivers for the stretch and shrink film market share growth. Stretch films are specially prepared to easily stretch and wrap around objects (depending on the type of the film) to protect them from damage. These films protect the objects from load tampering and also reduce packaging and transportation costs. Moreover, these stretch films have a smooth surface for placing shipping labels, documents and other information and protecting the surrounding boxes from damages. Whereas, shrink films are used to wrap large objects in various sizes and shapes. Moreover, these films are thicker than the stretch films and have high transparency and strength, and are widely used by global manufacturing industries. Therefore, both the stretch and shrink films are highly elastic and durable in their own ways and these factors are estimated to drive the stretch and shrink film market 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 2021-2025.

Who are 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.
  • Anchor Packaging LLC
  • Berry Global Group Inc.
  • C.I. TAKIRON Corp.
  • Coveris Management GmbH
  • Dow Inc.
  • DuPont de Nemours Inc.
  • Groupe Barbier
  • Hipac Packaging Solutions
  • Inteplast Group

 

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 various organic and inorganic growth strategies to compete in the market.

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. 

Which are the Key Regions for Stretch and Shrink Film Market?

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48% 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 film in APAC. Market growth in APAC will be faster than the growth of the market in the rest of the regions.

The significant increase in industrialization 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.

What are the Revenue-generating Application Segments in the Stretch and Shrink Film Market?

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The stretch and shrink film market share growth by the food and beverages segment will be significant during the forecast period. Due to their high strength and durability, these films are used in fresh food and beverages packaging such as dairy products, poultry, seafood and meat, fruits and vegetables. Additionally, these films are also used to wrap baked products as they are moisture resistant and are also suitable for packaging of heavy loads. Also, these films offer a clear display of the food products through their packaging solutions. Thus, the stretch and shrink film market growth is expected to boost especially through its food and beverages segment during the forecast period.

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.

 

Stretch and Shrink Film Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.50%

Market growth 2021-2025

$ 4.28 billion

Market structure

Fragmented

YoY growth (%)

4.10

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 48%

Key consumer countries

China, US, India, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Allied Propack Pvt. Ltd., Anchor Packaging LLC, Berry Global Group Inc., C.I. TAKIRON Corp., Coveris Management GmbH, Dow Inc., DuPont de Nemours Inc., Groupe Barbier, Hipac Packaging Solutions, and Inteplast Group

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 the forecast period

Customization purview

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What are the Key Data Covered in this Stretch and Shrink Film Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • 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 MEA
  • 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

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

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

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Food and beverages - Market size and forecast 2020-2025
    • Industrial/bulk - Market size and forecast 2020-2025
    • Consumer goods - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Stretch film - Market size and forecast 2020-2025
    • Shrink film - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Allied Propack Pvt. Ltd.
      • Anchor Packaging LLC
      • Berry Global Group Inc.
      • C.I. TAKIRON Corp.
      • Coveris Management GmbH
      • Dow Inc.
      • DuPont de Nemours Inc.
      • Groupe Barbier
      • Hipac Packaging Solutions
      • Inteplast Group

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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
      Technavio

      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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The stretch and shrink film market growth will increase by $4280.19 million during 2020-2025.
      The stretch and shrink film market is expected to grow at a CAGR of 5.50% during 2020-2025.
      Technavio has segmented the stretch and shrink film market by geographic (APAC, North America, Europe, South America, and MEA).
      Allied Propack Pvt. Ltd., Anchor Packaging LLC, Berry Global Group Inc., C.I. TAKIRON Corp., Coveris Management GmbH, Dow Inc., DuPont de Nemours Inc., Groupe Barbier, Hipac Packaging Solutions, Inteplast Group are a few of the key vendors in the stretch and shrink film market.
      APAC will register the highest growth rate of 47.54% among the other regions. Therefore, the stretch and shrink film market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the stretch and shrink film market growth are:
      • Growth in retail sector
      The stretch and shrink film market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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