Global Stretch & Shrink Films Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

"Global Stretch & Shrink Films Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global stretch & shrink films market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global stretch & shrink films market report has been segmented on the basis of resin, product, application, and region.

Introduction: 

Stretch and shrink films are light weight packaging materials widely used for of packaging various stacked food & beverages and consumer goods such as gift packs, electrical and electronic gadgets, compact discs, toys, and others.

Market Dynamics: 

Rising demand for processed food across globe is major factor expected to drive revenue growth of the stretch & shrink films market over the forecast period. Moreover, growing demand for consumer goods and industrial products in developing economies such as India and China is expected to boost demand for packaging materials, which in turn drive revenue growth of the target market. Furthermore, growing demand for lightweight packaging films in various end-use industries is another factor expected to drive revenue growth of target market over the forecast period.

Product Insights:

On the basis of product, the hoods segment is expected to account significant revenue share in the global stretch & shrink films market. Increasing demand for stretch hoods in food & beverage industry is expected to support revenue growth of this segment over the forecast period.

Application Insights:

On the basis of application, the food & beverage segment is expected to account major revenue share in the global market and is expected to maintain its dominance over the forecast period. Rising demand for ready to eat food products, bakery products, frozen products, etc., in developing economies is major factor expected to drive revenue growth of this segment over the forecast period.

Regional Insights:

Asia Pacific market is expected to dominate the global stretch & shrink films market and is expected to maintain its dominance over the forecast period. Growing food and beverage industry in the region is expected to drive revenue growth of Asia Pacific stretch & shrink films market overt the forecast period. Moreover, growing demand for packaged food in the region owing to changing living standards and increasing purchase power of consumers is another factor expected drive revenue growth of stretch & shrink films market in Asia Pacific. Asia Pacific accounts for the major revenue share of the global stretch & shrink films market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Europe stretch & shrink films market is expected to grow at a steady rate over the forecast period. Growing demand for stretch and shrink films in secondary packaging of beverages, personal care products, and consumer goods is expected to drive revenue growth of the target market in the region over the forecast period.

Market Segmentation and Key Players Operating in the Global Stretch & Shrink Films Market:

By Resin:

• Linear low-density polyethylene (LLDPE)
• Low-density polyethylene (LDPE)
• Polyvinyl chloride

By Product:

• Hoods
• Sleeves and labels
• Wraps

By Application:

• Food & beverage
• Industrial packaging
• Consumer goods
• Pharmaceutical

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa