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Description
Global Machine Stretch Films Market
Global machine stretch films market report gives comprehensive outlook on machine stretch films across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global machine stretch films market gives historical, current, and future market sizes (US$ Mn) on the basis of material, product, manufacturing, end-user and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global machine stretch films market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global machine stretch films market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global machine stretch films market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global machine stretch films products.
Machine Stretch Films Market:
The global machine stretch films market estimated to be valued US $ XX Bn in 2019 and poised to grow at significant CAGR of xx% over 2020-2026. Stretch films are highly engineered polythene films which 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. Rise in the use of machine stretch films in the paper and printing sectors, electronic manufacturing sector, healthcare industries, food and beverage manufacturing industries boosts the growth of the market. Also, digitalization process increased the market of online shopping which boost the trend of labelling and packing. However, high cost of manufacturing material and the concerns related with pollution are the major factors hindering the growth of the market.
Wide use of machine stretch films in packaging sectors are fueling the Market Growth of the Machine Stretch Films Market
Machine stretch films is mainly characterized by high shear strength, high tensile strength, high abrasion resistance and good ageing resistance. Rapidly growing demand from end user application such as paper & printing, packaging, electronics, and labeling. Additional, stretch films improve wrapping processes, reduce time, reduce charge and offers strong load protection. In Additional, growing in the digitalization boost the online shopping is getting more attention and popular where packing and labelling is required.
Asia Pacific Accounts for Larger Market Revenue Share in Global Market
Asia region accounted for larger revenue share in global machine stretch films market with on side able CAGR. The growth in this region can be attributed to rising in the manufacturing industries such as paper & printing, electronic equipment’s, mobile phones, food and beverages. Therefore, the growth of consumers is expected to boost the demand for machine stretch films. The emerging economies such as India, China, Japan, South Korea others regional countries is estimated to witness the fastest progress in the future.
Competition Assessment
Key player’s profiles in the global market include:
- Berry Plastics Corporation
- DUO PLAST
- Eurofilms Extrusion
- Huatong United (Nantong) Plastic Industry
- M. Group
- Integrated Packaging Group
- Inteplast Group
- J. Maillis
- Mima Film
- Paragon Films
- Scientex Berhad
- Sigma Plastics Group
- Thong Guan Industries
Global machine stretch films market is surging owing to frequent acquisitions and launchings by the market players. In 2017, Scientex Berhad, one of the key manufacturers of machine stretch wrap films, has expanded its stretch film production site in Arizona, U.S.A. This will help in expanding the sales and to create new opportunities.
Detailed Segmentation
- Material
- Polyethylene (PE)
- Linear low-density polyethylene (LLDPE)
- Low-density polyethylene (LDPE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
Product
- Hand Stretch Film
- Machine Stretch Film
- Specialty Stretch Film
Manufacturing
- Cast stretch Film
- Blown Stretch Film
End-User
- Food & Beverages
- Pharmaceutical
- Personal Care
- Electronics
Paper & Textiles
By Geography
North America
- USA
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Key Findings of the Report:
- Global machine stretch films market expanding at significant CAGR over 2019 to 2025 due to increase in the packaging of the materials in paper & printing sectors and manufacturing industries.
- Based on material, product, manufacturing, end-user machine stretch films segment accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Location
GEOGRAPHY
