Stretch and Shrink Film Market Research Reportβ€”Global Forecast till 2030

Stretch and Shrink Film Market Research Report Information By Resin (LLDPE, LDPE, PVC, Others) Product (Hoods, Sleeves and Labels, Wraps, Others) Application ( Food & Beverage, Industrial Packaging, Consumer Goods, Pharmaceutical, Others) Forecast 2030

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 Porter’s 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, 2019–2030

6.2.2 Market Estimates & Forecast, by Region, 2019–2030

6.3 LDPE

6.3.1 Market Estimates & Forecast, 2019–2030

6.3.2 Market Estimates & Forecast, by Region, 2019–2030

6.4 PVC

6.4.1 Market Estimates & Forecast, 2019–2030

6.4.2 Market Estimates & Forecast, by Region, 2019–2030

6.5 Others

6.5.1 Market Estimates & Forecast, 2019–2030

6.5.2 Market Estimates & Forecast, by Region, 2019–2030

7 Stretch and Shrink Film market, by Product

7.1 Introduction

7.2 Hoods

7.2.1 Market Estimates & Forecast, 2019–2030

7.2.2 Market Estimates & Forecast, by Region, 2019–2030

7.3 Sleeves and Labels

7.3.1 Market Estimates & Forecast, 2019–2030

7.3.2 Market Estimates & Forecast, by Region, 2019–2030

7.4 Wraps

7.4.1 Market Estimates & Forecast, 2019–2030

7.4.2 Market Estimates & Forecast, by Region, 2019–2030

7.5 Others

7.5.1 Market Estimates & Forecast, 2019–2030

7.5.2 Market Estimates & Forecast, by Region, 2019–2030

8 Stretch and Shrink Film market, by Application

8.1 Introduction

8.2 Food & Beverage

8.2.1 Market Estimates & Forecast, 2019–2030

8.2.2 Market Estimates & Forecast, by Region, 2019–2030

8.3 Industrial packaging

8.3.1 Market Estimates & Forecast, 2019–2030

8.3.2 Market Estimates & Forecast, by Region, 2019–2030

8.4 Consumer Goods

8.4.1 Market Estimates & Forecast, 2019–2030

8.4.2 Market Estimates & Forecast, by Region, 2019–2030

8.5 Pharmaceutical

8.5.1 Market Estimates & Forecast, 2019–2030

8.5.2 Market Estimates & Forecast, by Region, 2019–2030

8.6 Others

8.6.1 Market Estimates & Forecast, 2019–2030

8.6.2 Market Estimates & Forecast, by Region, 2019–2030

9 Stretch and Shrink Film by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2019–2030

9.2.2 Market Estimates & Forecast, by Resin, 2019–2030

9.2.3 Market Estimates & Forecast, by Product, 2019–2030

9.2.4 Market Estimates & Forecast, by Application, 2019–2030

9.3 Europe

9.3.1 Market Estimates & Forecast, 2019–2030

9.3.2 Market Estimates & Forecast, by Resin, 2019–2030

9.3.3 Market Estimates & Forecast, by Product, 2019–2030

9.3.4 Market Estimates & Forecast, by Application, 2019–2030

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2019–2030

9.4.2 Market Estimates & Forecast, by Resin, 2019–2030

9.4.3 Market Estimates & Forecast, by Product, 2019–2030

9.4.4 Market Estimates & Forecast, by Application, 2019–2030

9.5 Latin America

9.5.1 Market Estimates & Forecast, 2019–2030

9.5.2 Market Estimates & Forecast, by Resin, 2019–2030

9.5.3 Market Estimates & Forecast, by Product, 2019–2030

9.5.4 Market Estimates & Forecast, by Application, 2019–2030

9.6 The Middle East & Africa

9.6.1 Market Estimates & Forecast, 2019–2030

9.6.2 Market Estimates & Forecast, by Resin, 2019–2030

9.6.3 Market Estimates & Forecast, by Product, 2019–2030

9.6.4 Market Estimates & Forecast, by Application, 2019–2030

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

 

LIST OF TABLES

Table 1: Stretch and Shrink FilmMarket, by Region, 2019–2030

Table 2: North America: Stretch and Shrink Market, by Country, 2019–2030

Table 3: Europe: Stretch and Shrink Market, by Country, 2019–2030

Table 4: Asia-Pacific: Stretch and Shrink Market, by Country, 2019–2030

Table 5: Middle East & Africa: Stretch and Shrink Market, by Country, 2019–2030

Table 6: Latin America: Stretch and Shrink Market, by Country, 2019–2030

Table 7: North America: Stretch and Shrink Market, by Resin, 2019–2030

Table 8: Europe: Stretch and Shrink Market, by Resin, 2019–2030

Table 9: Asia-Pacific: Stretch and Shrink Market, by Resin, 2019–2030

Table 10: Middle East & Africa: Stretch and Shrink Market, by Resin, 2019–2030

Table 11: Latin America: Stretch and Shrink Market, by Resin, 2019–2030

Table 12: North America: Stretch and Shrink Market, by Product, 2019–2030

Table 13: Europe: Stretch and Shrink Market, by Product, 2019–2030

Table 14: Asia-Pacific: Stretch and Shrink Market, by Product, 2019–2030

Table 15: Middle East & Africa: Stretch and Shrink Market, by Product, 2019–2030

Table 16: Latin America: Stretch and Shrink Market, by Product, 2019–2030

Table 17: North America: Stretch and Shrink Market, by Application, 2019–2030

Table 18: Europe: Stretch and Shrink Market, by Application, 2019–2030

Table 19: Asia-Pacific: Stretch and Shrink Market, by Application, 2019–2030

Table 20: Middle East & Africa: Stretch and Shrink Market, by Application, 2019–2030

Table 21: Latin America: Stretch and Shrink Market, by Application, 2019–2030

LIST OF FIGURES

FIGURE 1 Stretch and Shrink FilmMarket Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Porter’s 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 Film2019–2030

FIGURE 7 Stretch and Shrink FilmMarket Size, by Resin, 2019–2030

FIGURE 8 Stretch and Shrink FilmMarket Size, by Product, 2019–2030

FIGURE 9 Stretch and Shrink FilmMarket Size, by Application, 2019–2030

FIGURE 10 Stretch and Shrink FilmMarket Size, by Region, 2019–2030

Stretch and Shrink Film Market Overview


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



  • Increasing demand in consumer goods packaging: Consumer good includes food, beverages, medical, cosmetics, and cleaning products. Increased demand for processed foods and drinks is the key to the global stretch films market's growth, as the market shows no signs of slowing down. The demand for clean and labeled items increases as people become more health-conscious. This is pressuring food and beverage companies to guarantee that their product packaging is of high quality. As a result, stretch film producers are always attempting to improve the quality of their goods, resulting in a variety of R&D projects.


Restraints



  • Increasing raw material prices: Stretch wraps are generally made of polyethylene plastic, and shrink wraps are made of polyolefin plastics. Shrink wrap is heat-sealed onto products. Fluctuating raw material prices have affected the production of films, which is estimated to be the major restrain for the manufacturers operating in the global stretch and shrink film market during the forecast period.


Opportunity



  • Development of biodegradable stretch and shrink film: Stretch films made of LLDPE resin (Linear Low-Density Polyethylene) and many other plastics, which can be recycled. Due to environmental concerns, the government can apply strict rules over the use of non-degradable plastics. Manufacturers of stretch and shrink film industries have vast opportunities to develop degradable and environment-friendly packaging films to overcome this problem.


Challenges



  • Environmental hazards: In the production of films, plastic use has grown in abundance with the rise in demand for packaging items. Because plastics must be disposed of properly, environmental concerns are growing. According to the UN, only 9% of all plastic garbage has been recycled, nearly 12% has been cremated, with the remaining 79 percent being disposed of in landfills, dumps, or in the open. Stretch filmmakers will be threatened by strict laws aimed at reducing plastic usage.


Segmentation


By Resin



  • LLDPE

  • LDPE

  • PVC

  • Others


By Product



  • Hoods

  • Sleeves and Labels

  • Wraps

  • Others


By Application



  • Food & Beverage

  • Industrial Packaging

  • Consumer Goods

  • Pharmaceutical

  • Others


By Region



  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • The Middle East & Africa


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:



  • On July 27, 2020 – Dow and Thong Guan, one of the world’s leading plastic stretch film producers, introduced a new range of bio-based polyethylene (bio-PE) in Asia-Pacific. This marks a milestone in the region’s commercialization of a plastics offering made from renewable feedstock, enabling industry providers to produce high-performance plastics while reducing their carbon footprint.

  • Oct 2019 - Innovia Films and the German snack manufacturer, Wildcorn partnered to produce a fully recyclable and sustainable pack for its Wildcorn organic popcorn range. The joint project to establish a new sustainable packaging standard began soon after the launch of Innovia’s Propafilm Strata high barrier film, which quickly achieved the ‘Made for Recycling’ logo from Interseroh, an Independent German recycling and consulting company.


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



  • To get a comprehensive overview of the global Stretch and Shrink Film Market

  • To get wide-ranging information about the key factors driving the market and market opportunities

  • To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments

  • To gain insights into the key country/region in which the market is growing


Intended Audience



  • Food and beverages industries

  • Suppliers and traders of Stretch and Shrink Film and related products

  • Government, associations, and industrial associations

  • Investors and trade experts

  • Pharmaceutical industries



Report Scope:
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


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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.