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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.
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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
Key Stretch and Shrink Film Market Trend
Key Stretch and Shrink Film Market Challenge
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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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. 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.
US Stretch and Shrink market - The market is expected to grow at a CAGR of 3.76 percent over the period 2014-2019.
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Stretch and Shrink Film Market Scope |
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Report Coverage |
Details |
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Page number |
160 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.76% |
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Market growth 2022-2026 |
$ 4.72 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.8 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 47% |
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Key consumer countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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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. |
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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 |
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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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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