Stretch Films Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Growing demand of packaging industry in industrial applications is the key driver for Global Stretch Films Market.
Stretch Films Market is valued at USD 7975.9 Million in 2018 and expected to reach USD 10875.9 Million by 2025 with the CAGR of 4.53% over the forecast period.
Stretch film is a highly stretchable plastic film which is used to wrap around items. The elastic recovery keeps the item in place and tightly bound. It is frequently used to unitize pallet loads and bundling smaller items. Types of stretch film include bundling stretch film, hand stretch film, extended core stretch film, machine stretch film and static dissipative film. The linear low-density polyethylene is most common stretch wrap material produced by copolymerization of ethylene with alpha-olefins.
Stretch films market is segmented on the basis of material, product, manufacturing type, end-user and region. Based on material, the market is divided into Polyethylene (PE) (Linear low-density polyethylene (LLDPE), Low-density polyethylene (LDPE)), Polypropylene (PP) and Polyvinylchloride (PVC). By product type the stretch films market is classified into Hand stretch film, machine stretch film and specialty stretch film. Based on manufacturing type the market is segmented in to cast stretch film, blown stretch film. Based on end-user the market is classified in to food & beverages, pharmaceutical, personal care and electronics, paper & textiles.
The regions covered in this stretch films market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Stretch Films marketis sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Key Players for Stretch Films Market Reports–
Key players of the Stretch Films market are Polymer Group Inc., Berry Global Group, Inc., AEP Industries Inc., Smurfit Kappa Group, Scientex Berhad, Sigma Stretch Film Corp., Anchor Packaging Inc., Coveris Inc., POLIFILM GmbH, Paragon Films Inc., Allen Plastic Industries Co. Ltd, Vishakha Polyfab, four-star plastics, and others.
Growing demand of packaging industry in industrial applications
The global packaging industry is growing due to its wide applications in industries such as healthcare, food and drinks, cosmetics and other consumers as well as industrial goods industries. As stretch film is majorly used in packaging which is expected to foster the growth of global stretch films market within the forecast period. Its cost effectiveness, user friendly and more energy efficient are some of the features which have great impact on its demand. Another driving factor is growing retail industry which requires stretch films to send their goods. In addition, increasing research and development activities in this sector, rising demand in the logistics industry are also anticipated to supplement the market of stretch film market over the forecast period. However, environmental concern can be one of the restraining factors for stretch film market.
North America is expected to dominate the Stretch Films Market
North America dominates the stretch films market with highest market share due to increasing sales in retail items, increasing use of stretch films in food and goods packaging and the use of the stretch films for secondary packaging of products including, beverages, household, and personal care products. Asia Pacific is the fastest growing region over the forecast period owing to growing urbanization and increasing demand for packaged food and increase in disposable income of consumers.
Key Benefits for Global Stretch Films Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Stretch Films Market Segmentation –
- Polyethylene (PE) (Linear low-density polyethylene (LLDPE)
- Low-density polyethylene (LDPE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Hand Stretch Film
- Machine Stretch Film
- Specialty Stretch Film
- Cast stretch Film
- Blown Stretch Film
- Food & Beverages
- Personal Care
- Paper & Textiles
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa