Product Code: GVR-1-68038-124-5
Stretch And Shrink Films Market Growth & Trends:
The global stretch and shrink film market size is expected to reach USD 25.16 billion by 2030, expanding at a CAGR of 5.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for the light-weight material for industrial packaging is expected to drive growth for the product over the forecast period. The introduction of superior shrink and stretch film materials such as Linear Low-density Polyethylene (LLDPE), extended Polyethylene (EPE) and High-Density Polyethylene (HDPE) is expected to further strengthen the pallet holding abilities of the films.
In addition, the development of bio-degradable stretch and shrink films by the leading manufacturers in a bid to counter the challenges of film disposal is expected to drive the demand over the forecast period. The demand is also expected to be driven by superior packaging properties such as improved printability, easier application and robust package sealing capabilities of the films. The low weight of the product results in a substantial decrease in the transportation cost thereby elevating the profit margins, resulting in the higher adoption of such packaging materials by the leading end-use industries.
Plastic packaging products are affordable and offer robust barrier properties, which contribute to their widespread penetration in food and beverage industry. With increasing government intervention in plastic product manufacturing, producers operating in stretch and shrink films packaging market are making efforts to offer products using eco-friendly and sustainable raw materials. Growing presence of large-sized packaged food, consumer goods, and pharmaceutical companies with robust penetration of distribution channels in Asia Pacific contributes towards the high market share of stretch and shrink films in the region. Additionally, upsurge in e-commerce sales in the countries of region such as India, China, Indonesia is expected to contribute towards the growth of the market during the forecast period.
Stretch And Shrink Films Market Report Highlights:
- The LLDPE films segment is expected to witness growth owing to increased collaborations undertaken by key companies to develop LLDPE films. The demand for LLDPE is driven by its superior pallet unitization characteristics coupled with increased damage resistance during product transportation
- Stretch and shrink film hoods are expected to register highest growth rate during the forecast period. The growth is expected to be driven by increasing demand for hoods in industrial packaging and consumer goods packaging. Also, ease of packaging achieved by stretch and shrink film hoods are expected to drive the demand for the product over the forecast period
- The food and beverages segment accounted for revenue share of 40.9% driven by the increasing demand for high strength, low weight packaging materials. In addition, ease of packaging material sterilization is expected to further drive the demand for stretch films for food packaging during the forecast period
- The sleeves and labels segment is expected to witness robust growth on account of rising demand for the product in the beverage industry. Also, easier product marketing and branding owing to the ease of application of the labels onto the bottle is expected to attract major beverage manufacturers towards the product segment
- The demand for the product in Asia Pacific is expected to witness growth owing to rapid growth of the application industries such as food and beverage and consumer goods. In addition, growing import and export activities by the developing economies such as India and China are expected to drive the demand for low weight packaging material for pallet unitization of industrial goods
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Materials & Third - Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Billion)
- 2.2. Segmental Outlook
- 2.2.1. Material Outlook
- 2.2.2. Product Outlook
- 2.2.3. Application Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Stretch And Shrink Film Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing Trends
- 3.2.3. Profit Margin Analysis
- 3.2.4. Sales Channel Analysis
- 3.3. Regulatory Framework
- 3.3.1. Standard & Compliance
- 3.3.2. Safety
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Challenges Analysis
- 3.4.4. Market Opportunity Analysis
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political Landscape
- 3.5.2.2. Environmental Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technology Landscape
- 3.5.2.5. Economic Landscape
- 3.5.2.6. Legal Landscape
- 3.5.3. Market Entry Strategies
- 3.6. Latest Trends & Technologies in the Stretch And Shrink Film Market
Chapter 4. Stretch And Shrink Film Market: Market Supplier Intelligence
- 4.1. Kraljic Matrix (Portfolio Analysis)
- 4.1.1. Non - Critical Items
- 4.1.2. Leverage Items
- 4.1.3. Bottleneck Items
- 4.1.4. Strategic Items
- 4.2. Engagement Model
- 4.3. Negotiation Strategies
- 4.4. Sourcing Best Practices
- 4.5. Vendor Selection Criteria
Chapter 5. Stretch And Shrink Film Market: Price Trend Analysis
- 5.1. Pricing Trend Analysis, by Material, 2018 - 2030
- 5.2. Factors Affecting the Pricing Deviation
Chapter 6. Stretch And Shrink Film Market: Material Estimates & Trend Analysis
- 6.1. Definition & Scope
- 6.2. Material Movement Analysis & Market Share, 2023 & 2030
- 6.3. Linear Low - Density Polyethylene (LLDPE)
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4. Low Density Polyethylene (LDPE)
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5. Polyvinyl Chloride (PVC)
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6. Other Materials
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Stretch And Shrink Film Market: Product Estimates & Trend Analysis
- 7.1. Definition & Scope
- 7.2. Product Movement Analysis & Market Share, 2023 & 2030
- 7.3. Hoods
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4. Sleeves & Labels
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5. Wraps
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Stretch And Shrink Film Market: Application Estimates & Trend Analysis
- 8.1. Definition & Scope
- 8.2. Application Movement Analysis & Market Share, 2023 & 2030
- 8.3. Food & Beverage
- 8.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.4. Industrial
- 8.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.5. Consumer Goods
- 8.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.6. Pharmaceutical
- 8.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Stretch And Shrink Film Market: Regional Estimates & Trend Analysis
- 9.1. Key Takeaways
- 9.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 9.3. North America
- 9.3.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.3.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.3.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.3.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.3.5. U.S.
- 9.3.5.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.3.5.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.3.5.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.3.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.3.6. Canada
- 9.3.6.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.3.6.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.3.6.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.3.6.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.3.7. Mexico
- 9.3.7.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.3.7.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.3.7.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.3.7.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.4. Europe
- 9.4.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.4.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.4.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.4.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.4.5. Germany
- 9.4.5.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.4.5.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.4.5.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.4.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.4.6. U.K.
- 9.4.6.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.4.6.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.4.6.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.4.6.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.4.7. France
- 9.4.7.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.4.7.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.4.7.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.4.7.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.4.8. Italy
- 9.4.8.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.4.8.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.4.8.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.4.8.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.4.9. Spain
- 9.4.9.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.4.9.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.4.9.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.4.9.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.5. Asia Pacific
- 9.5.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.5.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.5.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.5.5. China
- 9.5.5.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.5.5.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.5.5.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.5.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.5.6. India
- 9.5.6.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.5.6.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.5.6.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.5.6.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.5.7. Japan
- 9.5.7.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.5.7.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.5.7.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.5.7.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.5.8. South Korea
- 9.5.8.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.5.8.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.5.8.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.5.8.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.5.9. Australia
- 9.5.9.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.5.9.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.5.9.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.5.9.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.6. Central & South America
- 9.6.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.6.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.6.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.6.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.6.5. Brazil
- 9.6.5.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.6.5.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.6.5.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.6.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.7. Middle East & Africa
- 9.7.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.7.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.7.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.7.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 9.7.5. South Africa
- 9.7.5.1. market estimates and forecasts, 2018 - 2030 (USD Billion)
- 9.7.5.2. market estimates and forecasts, by material, 2018 - 2030 (USD Billion)
- 9.7.5.3. market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
- 9.7.5.4. market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Chapter 10. Start - up Ecosystem Evaluation, 2023
- 10.1. List of Start - up Companies
- 10.1.1. Progressive Companies
- 10.1.2. Responsive Companies
- 10.1.3. Dynamic Companies
- 10.1.4. Starting Blocks
- 10.2. Government Funding for Start - ups across the globe
Chapter 11. Competitive Landscape
- 11.1. Key Global Players & Recent Developments & Their Impact on the Industry
- 11.2. Key Company/Competition Categorization
- 11.3. List of key Raw Material Distributors and Channel Partners
- 11.4. List of Potential Customers, by Application
- 11.5. Company Position Analysis, 2023
- 11.6. Company Heat Map Analysis
- 11.7. Company Dashboard Analysis
- 11.8. Strategy Mapping
- 11.8.1. Expansions
- 11.8.2. Collaborations/ Partnerships/ Agreements
- 11.8.3. New Product launches
- 11.8.4. Mergers & Acquisitions
- 11.8.5. Divestments
- 11.8.6. Research & Development
- 11.8.7. Others
Chapter 12. Company Listing / Profiles
- 12.1. Sigma Plastics Group
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Benchmarking
- 12.2. Berry Global Inc.
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Benchmarking
- 12.3. Paragon Films
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Benchmarking
- 12.4. Millennium Packaging, Inc
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Benchmarking
- 12.5. Sealed Air
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Benchmarking
- 12.6. HIPAC Spa
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Benchmarking
- 12.7. Bollore Inc
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Benchmarking
- 12.8. Amcor plc
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Benchmarking
- 12.9. Italdibipack SpA
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Benchmarking
- 12.10. Italdibipack SpA
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Benchmarking
- 12.11. A - Z Packaging
- 12.11.1. Company Overview
- 12.11.2. Financial Performance
- 12.11.3. Product Benchmarking
- 12.12. FilmSource Packaging
- 12.12.1. Company Overview
- 12.12.2. Financial Performance
- 12.12.3. Product Benchmarking
- 12.13. Atlantic Packaging
- 12.13.1. Company Overview
- 12.13.2. Financial Performance
- 12.13.3. Product Benchmarking
- 12.14. Dow
- 12.14.1. Company Overview
- 12.14.2. Financial Performance
- 12.14.3. Product Benchmarking
- 12.15. Shaktiman Packaging Pvt. Ltd.
- 12.15.1. Company Overview
- 12.15.2. Financial Performance
- 12.15.3. Product Benchmarking
- 12.16. REELEX Packaging Solutions, Inc.
- 12.16.1. Company Overview
- 12.16.2. Financial Performance
- 12.16.3. Product Benchmarking
- 12.17. Klockner Pentaplast
- 12.17.1. Company Overview
- 12.17.2. Financial Performance
- 12.17.3. Product Benchmarking
- 12.18. Balcan Innovations Inc
- 12.18.1. Company Overview
- 12.18.2. Financial Performance
- 12.18.3. Product Benchmarking
- 12.19. Exxon Mobil Corporation
- 12.19.1. Company Overview
- 12.19.2. Financial Performance
- 12.19.3. Product Benchmarking
- 12.20. SINGHAL INDUSTRIES PVT. LTD.
- 12.20.1. Company Overview
- 12.20.2. Financial Performance
- 12.20.3. Product Benchmarking
Chapter 13. Strategic Recommendations/ Analyst Perspective