"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.
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.
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.
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.
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.
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:
- Linear low-density polyethylene (LLDPE)
- Low-density polyethylene (LDPE)
- Polyvinyl chloride
- Sleeves and labels
- Food & beverage
- Industrial packaging
- Consumer goods
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Berry Global Inc.
- Sigma Plastics Group
- AEP Industries Inc.
- Bemis Company Inc.
- Allied Global Plastics Private Limited
- Coveris Holding Corp.
- Bollore Inc.
- Bonset America Corporation
- The Dow Chemical Company
- ExxonMobil Chemical Company
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