Machine Stretch Films Market: By Material (Polyethylene (PE) (Linear low-density polyethylene (LLDPE) and Low-density polyethylene (LDPE)), Polypropylene (PP) and Polyvinyl Chloride (PVC)), By Product (Hand Stretch Film, Machine Stretch Film and Specialty Stretch Film), By Manufacturing (Cast stretch Film and Blown Stretch Film), By End-User (Food & Beverages, Pharmaceutical, Personal Care, Electronics and Paper & Textiles) and Geography  

Machine Stretch Films Market size was valued at USD 7975.9 million in 2022 and is expected to reach USD 10875.9 by 2029, at a CAGR of 4.8% from 2023-2029. Stretch films are highly engineered polythene films that are utilized in packaging goods. Due to their exceptional properties such as elasticity and flexibility they are primarily used to wrap the pallet loads because of their distinct properties of being moisture and air resistant which prevents the goods from getting damaged and thus enhancing the quality of these goods. The rise in the use of machine stretch films in the paper and printing sectors, electronic manufacturing sectors, healthcare industries, food, and beverage manufacturing industries boosts the growth of the market. Also, the digitalization process increased the market of online shopping which boost the trend of labeling and packing. However, the high cost of manufacturing materials and the concerns related to pollution are the major factors hindering the growth of the market.