ID: MRFR/CnM/9377-HCR | June 2022 | Region: Global | 100 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Resin
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Factor Analysis
4.1 Supply Chain Analysis
4.1.1 Raw Form Suppliers
4.1.2 Manufacturers/Service Providers of Stretch and Shrink Film
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 End-Use Industries
4.2 Porterβs Five Forces Model
4.2.1 Threat of New Entrants
4.2.2 Intensity of Rivalry
4.2.3 Threat of Substitutes
4.2.4 Bargaining Power of Suppliers
4.2.5 Bargaining Power of Buyers
4.3 Pricing Analysis
5 Market Dynamics of Stretch and Shrink Film Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
6 Stretch and Shrink Film market, by Resin
6.1 Introduction
6.2 LLDPE
6.2.1 Market Estimates & Forecast, 2019β2030
6.2.2 Market Estimates & Forecast, by Region, 2019β2030
6.3 LDPE
6.3.1 Market Estimates & Forecast, 2019β2030
6.3.2 Market Estimates & Forecast, by Region, 2019β2030
6.4 PVC
6.4.1 Market Estimates & Forecast, 2019β2030
6.4.2 Market Estimates & Forecast, by Region, 2019β2030
6.5 Others
6.5.1 Market Estimates & Forecast, 2019β2030
6.5.2 Market Estimates & Forecast, by Region, 2019β2030
7 Stretch and Shrink Film market, by Product
7.1 Introduction
7.2 Hoods
7.2.1 Market Estimates & Forecast, 2019β2030
7.2.2 Market Estimates & Forecast, by Region, 2019β2030
7.3 Sleeves and Labels
7.3.1 Market Estimates & Forecast, 2019β2030
7.3.2 Market Estimates & Forecast, by Region, 2019β2030
7.4 Wraps
7.4.1 Market Estimates & Forecast, 2019β2030
7.4.2 Market Estimates & Forecast, by Region, 2019β2030
7.5 Others
7.5.1 Market Estimates & Forecast, 2019β2030
7.5.2 Market Estimates & Forecast, by Region, 2019β2030
8 Stretch and Shrink Film market, by Application
8.1 Introduction
8.2 Food & Beverage
8.2.1 Market Estimates & Forecast, 2019β2030
8.2.2 Market Estimates & Forecast, by Region, 2019β2030
8.3 Industrial packaging
8.3.1 Market Estimates & Forecast, 2019β2030
8.3.2 Market Estimates & Forecast, by Region, 2019β2030
8.4 Consumer Goods
8.4.1 Market Estimates & Forecast, 2019β2030
8.4.2 Market Estimates & Forecast, by Region, 2019β2030
8.5 Pharmaceutical
8.5.1 Market Estimates & Forecast, 2019β2030
8.5.2 Market Estimates & Forecast, by Region, 2019β2030
8.6 Others
8.6.1 Market Estimates & Forecast, 2019β2030
8.6.2 Market Estimates & Forecast, by Region, 2019β2030
9 Stretch and Shrink Film by Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2019β2030
9.2.2 Market Estimates & Forecast, by Resin, 2019β2030
9.2.3 Market Estimates & Forecast, by Product, 2019β2030
9.2.4 Market Estimates & Forecast, by Application, 2019β2030
9.3 Europe
9.3.1 Market Estimates & Forecast, 2019β2030
9.3.2 Market Estimates & Forecast, by Resin, 2019β2030
9.3.3 Market Estimates & Forecast, by Product, 2019β2030
9.3.4 Market Estimates & Forecast, by Application, 2019β2030
9.4 Asia-Pacific
9.4.1 Market Estimates & Forecast, 2019β2030
9.4.2 Market Estimates & Forecast, by Resin, 2019β2030
9.4.3 Market Estimates & Forecast, by Product, 2019β2030
9.4.4 Market Estimates & Forecast, by Application, 2019β2030
9.5 Latin America
9.5.1 Market Estimates & Forecast, 2019β2030
9.5.2 Market Estimates & Forecast, by Resin, 2019β2030
9.5.3 Market Estimates & Forecast, by Product, 2019β2030
9.5.4 Market Estimates & Forecast, by Application, 2019β2030
9.6 The Middle East & Africa
9.6.1 Market Estimates & Forecast, 2019β2030
9.6.2 Market Estimates & Forecast, by Resin, 2019β2030
9.6.3 Market Estimates & Forecast, by Product, 2019β2030
9.6.4 Market Estimates & Forecast, by Application, 2019β2030
10 Competitive Landscape
10.1 Introduction
10.2 Market Key Strategies
10.3 Key Development Analysis (Expansions/Mergers & Acquisitions/Joint Ventures/New Developments/Agreements/Investments)
11 Company Profiles
11.1 DOW
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Key Developments
11.1.4 SWOT Analysis
11.1.5 Key Strategies
11.2 Berry Plastics
11.3 Vitopel
11.4 Anchor Packaging
11.5 Intertape Polymer Group
11.6 Bemis Company
11.7 Paragon Films
11.8 FUJI.
12 Appendix
β
LIST OF TABLES
Table 1: Stretch and Shrink FilmMarket, by Region, 2019β2030
Table 2: North America: Stretch and Shrink Market, by Country, 2019β2030
Table 3: Europe: Stretch and Shrink Market, by Country, 2019β2030
Table 4: Asia-Pacific: Stretch and Shrink Market, by Country, 2019β2030
Table 5: Middle East & Africa: Stretch and Shrink Market, by Country, 2019β2030
Table 6: Latin America: Stretch and Shrink Market, by Country, 2019β2030
Table 7: North America: Stretch and Shrink Market, by Resin, 2019β2030
Table 8: Europe: Stretch and Shrink Market, by Resin, 2019β2030
Table 9: Asia-Pacific: Stretch and Shrink Market, by Resin, 2019β2030
Table 10: Middle East & Africa: Stretch and Shrink Market, by Resin, 2019β2030
Table 11: Latin America: Stretch and Shrink Market, by Resin, 2019β2030
Table 12: North America: Stretch and Shrink Market, by Product, 2019β2030
Table 13: Europe: Stretch and Shrink Market, by Product, 2019β2030
Table 14: Asia-Pacific: Stretch and Shrink Market, by Product, 2019β2030
Table 15: Middle East & Africa: Stretch and Shrink Market, by Product, 2019β2030
Table 16: Latin America: Stretch and Shrink Market, by Product, 2019β2030
Table 17: North America: Stretch and Shrink Market, by Application, 2019β2030
Table 18: Europe: Stretch and Shrink Market, by Application, 2019β2030
Table 19: Asia-Pacific: Stretch and Shrink Market, by Application, 2019β2030
Table 20: Middle East & Africa: Stretch and Shrink Market, by Application, 2019β2030
Table 21: Latin America: Stretch and Shrink Market, by Application, 2019β2030
LIST OF FIGURES
FIGURE 1 Stretch and Shrink FilmMarket Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Porterβs Five Forces Analysis of Stretch and Shrink FilmMarket
FIGURE 4 Value Chain/Supply Chain of Stretch and Shrink FilmMarket
FIGURE 5 Share of Stretch and Shrink Film by Country, 2021 (%)
FIGURE 6 Stretch and Shrink Film2019β2030
FIGURE 7 Stretch and Shrink FilmMarket Size, by Resin, 2019β2030
FIGURE 8 Stretch and Shrink FilmMarket Size, by Product, 2019β2030
FIGURE 9 Stretch and Shrink FilmMarket Size, by Application, 2019β2030
FIGURE 10 Stretch and Shrink FilmMarket Size, by Region, 2019β2030
The Global Stretch and Shrink Film market was valued at USD 15.88 billion in 2021 and is projected to reach USD 25.71 billion by 2030 at a CAGR of 5.5%.
Stretch and Shrink Films is a technique to pack products suitably. Stretch films can be stretched to a large area while displaying improved protection for the bulk products. The elastic recovery keeps the items tightly bound. In contrast, shrink wrap is applied loosely around an item and shrinks tightly with heat. Factors such as superior packaging properties, such as improved printability, easier application, and robust package sealing capabilities of the films are anticipated to further fuel the growth.
COVID-19 Impact on the Stretch and Shrink Film Market:
The rapid spread of COVID-19 is causing significant disruption to a wide range of industries across the globe. As these industries come under essential services, the impact of COVID-19 was not as worse as in other industries. COVID-19 has positively impacted the food packaging industry due to increased consumer awareness of fresh and safe deliveries, which is expected to boost the market for Stretch and Shrink films. The impact of COVID-19 includes a shortage of subcontractors and materials, supply chain disruptions, and the termination of contracts to control expenses. Also, the decline in demand for retail packaging adversely affects the growth dynamics of the stretch and shrink film market. The Stretch and Shrink Films market has experienced negative growth during a pandemic. However, it is expected to gain traction with the resumption of economic activities within a short period.
Market Dynamics
Drivers
Restraints
Opportunity
Challenges
Segmentation
By Resin
By Product
By Application
By Region
Regional Analysis
Asia-Pacific is expected to lead the market throughout the forecast period and register the fastest growth. The region is expected to continue its dominance during the forecast period due to the growing food & beverage industry, particularly in China and India. Increasing demand for packaged food coupled with growing disposable income is expected to propel the demand for flexible packaging in the forthcoming years.
Europe is expected to witness limited growth in demand for stretch and shrink films for packaging because of stringent regulations regarding the use of plastics in contact with food. Nevertheless, Germany and France are expected to continue contributing to the overall sales of stretch and shrink films in the region. Manufacturers in the region focus on developing advanced products that conform to the mandated standards, there by driving up the product prices in the region.
North America is also expected to be a potential market due to the increased knowledge regarding the use of Stretch and Shrink Film to maintain the quality of processed food. North America is expected to be driven by several consumer goods manufacturing companies, such as Groupo Bimbo in Mexico and Canada. Stretch and shrink films for secondary packaging of beverages, personal care, and household products are expected to drive regional market growth.
The other regions Latin America and areas in the Middle East & Africa, are expected to show little development in the Stretch and Shrink Film market. In MEA, the sales of stretch and shrink films are expected to witness moderate growth during the forecast period, with most of the demand stemming from GCC countries.
Competitive Landscape
The Stretch and Shrink film market is driven by the rising development in the food processing and packaging sectors. Companies such as Dow, Bemis, and LyondellBasell have established themselves as prominent players, enjoying a significant early mover advantage. The significant market experience enables the companies to formulate better competitive strategies than other players.The strategic initiatives are primarily limited to setting up retail and distribution chains and networks for product sales. Asia-Pacific holds the largest market share due to the growing food & beverage industry, particularly in China and India. North America is expected to be driven by several consumer goods manufacturing companies, such as Groupo Bimbo in Mexico and Canada. Even other regions such as Europe, Latin America, and areas in the Middle East & Africa are putting their best foot forward in the Stretch and Shrink film market.
The Stretch and Shrink Film markets are fragmented, with players accounting for marginal market shares. Some of the companies in the market are Dow, Berry Plastics, Vitopel, Anchor Packaging, Intertape Polymer Group, Bemis Company, Paragon Films, and FUJI.
Some of the key developments include:
Report Overview:
The Stretch and Shrink Film market is segmented by Resin, Product, Application, and Region. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Stretch and Shrink Film emerging and fast-growing segments, regions, and countries.
Objectives of the Study
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: 25.71 billion |
CAGR | 5.5% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Resin, Product, Application and Region |
Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa |
Key Vendors | Dow, Berry Plastics, Vitopel, Anchor Packaging, Intertape Polymer Group, Bemis Company, Paragon Films, FUJI. |
Key Market Opportunities | Development of biodegradable stretch and shrink film |
Key Market Drivers | β’ Increasing demand for consumer goods packaging β’ Superior properties of shrink and stretch films |
Frequently Asked Questions (FAQ) :
The global Stretch and Shrink Film Market would register a growth of 5.5%.
Asia-Pacific is growing at the highest growth in the Global Stretch and Shrink Film Market
Dow, Berry Plastics, Vitopel, Anchor Packaging, Intertape Polymer Group, Bemis Company, Paragon Films, FUJI are the key players in Global Stretch and Shrink Film Market.