Asia Pacific Stretch and Shrink Film Market: By Resin (LLDPE, LDPE, PVC, and Others), By Application (Food & beverage, Industrial packaging, Consumer goods, Pharmaceutical), By Product Type (Hoods, Sleeves and labels, Wraps), and Geography.  

Asia Pacific Stretch and Shrink Film Market size was valued at US$ x million in 2023 and is poised to grow at a CAGR of x% from 2024 - 2030. report gives comprehensive outlook on Stretch and Shrink Film market across the regions of Asia Pacific. The report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies Asia Pacific Stretch and Shrink Film market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders of the report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the Countries (Country Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and recent market activities.

The market is expected to witness significant growth owing to growing technological innovations with respect to stretch films. The raw material prices exhibit a high degree of volatility owing to fluctuating crude oil prices which further imparts a degree of uncertainty in the price of shrink films. The demand for polyethylene-based plastic films is expected to register growth owing to increasing rejection of polyvinyl chloride films. The economy is one of the major manufacturers of processed food which finds high use of stretch films in both primary and secondary packaging. The demand for LLDPE based films in food processing industry is expected to grow on account of high transparency coupled with superior performance as a food contact material. Growing demand for the product due to burgeoning food processing industry has led to an increase in the consumption of the product. In addition, high product demand food items, including fruits, vegetables, is expected to drive the market growth over the forecast period. However, the use of alternative packaging material and high degree of volatility owing to fluctuating crude oil prices which further imparts a degree of uncertainty in the price of shrink films can restraint the growth of stretch and shrink film market during the forecast period. Companies are investing heavily and are entering into mergers and acquisitions to tap the stretch and shrink market potential Asia Pacificly.   

key Developments: 

• In June. 2, 2014-- Berry Plastics Group, Inc. (NYSE:BERY) announced that it has completed the previously announced acquisition of Rexam’s Healthcare Containers and Closures (C&C) business.