Stretch and Shrink Film Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Global 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.

 

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Report

Description

Stretch and Shrink Film Market size was estimated at USD 13.17 Bn in 2021, growing at a CAGR of 5.9% during the forecast period 2022-2028. This market report gives a comprehensive outlook on Stretch and Shrink Film market across the regions like North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report on global Stretch and Shrink Film market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies global Stretch and Shrink Film market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Global Stretch and Shrink Film market report include competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Stretch and Shrink Film 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 global Stretch and Shrink Film market 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 globally. For instance, 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. The presence of many multinational, regional, and local vendors in this market results in intense competition during the forecast period. In this market, the local players offer innovative solutions at a price lower than the international players, which leads to price wars among the vendors. The international players in this market are expected to exhibit inorganic growth during the forecast period as their growth is heavily dependent on the acquisition of local players.


Stretch and Shrink Film Market

MARKET SUMMARY
-
5.9% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.9%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Europe

Stretch and Shrink Film Market

  • Based on product type stretch hood segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period.
  • Based on application type food and beverage segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period.
  • Players focusing on mergers and acquisitions strategies to retain market position in global Stretch and Shrink Film market
Market Key Players
  • Anchor Packaging
  • Berry Plastics
  • AEP Industries Inc.
  • Bemis Company Inc.
  • Dow Chemical Company
  • I. du Pont de Nemours and Co (DuPont)
Drivers And Restraints

Stretch and Shrink Film Market

Rapid growth in the food and beverage (F&B) sector is the key driver for the growth of this market. This sector is predicted to be the major customer for plastic packaging and stretch and shrink films during the forecast period. Since products in this sector are fast moving, they need to be light and cheap to reduce the transportation cost and facilitate instant disposal. The inherent property of plastics to mold into various shapes and sizes for the consumption, storage, and transportation of edible items is expected to facilitate market growth during the forecast period.


Asia Pacific got significant share

Stretch and Shrink Film Market

North America stretch and shrink film market has lucrative growth attributed to the presence of a number of consumer goods manufacturing companies such as Groupo Bimbo in Mexico and Canada is expected to result in a high demand for the product. The use of the product for secondary packaging of products including, beverages, household, and personal care products is expected to drive the industry growth. Europe stretch and shrink film market is expected to register a limited growth on account of the prevalence of regulations regarding the use of plastics for food contact applications. Manufacturers in the region develop advanced products that conform to the mandated standards, thereby driving up the product prices in the region. Asia Pacific stretch and shrink film market hold the maximum share XX% of global stretch films market revenue share in 2015. The region is expected to dominate due to growing food & beverage particularly in China and India. Increasing demand for packaged food coupled with growing disposable income of consumers is expected to propel demand for flexible packaging over the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, country market share, historic market and forecast
  • The report covers in-detail insights about the competitor’s overview, 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
  • 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
Segmentation

Stretch and Shrink Film Market


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global Stretch and Shrink Film Market Introduction
2.1. Global Stretch and Shrink Film Market – Taxonomy
2.2. Global Stretch and Shrink Film Market –Definitions
2.2.1. Resin
2.2.2. Application
2.2.3. Product
3. Global Stretch and Shrink Film Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Stretch and Shrink Film Market Dynamic Factors – Impact Analysis
3.6. Global Stretch and Shrink Film Market – Competition Landscape
4. Global Stretch and Shrink Film Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Stretch and Shrink Film Market, By Resin Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
5.1. LLDPE
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. LDPE
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. PVC
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Stretch and Shrink Film Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028
6.1. Food & Beverage
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Industrial Packaging
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Consumer Goods
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market opportunity analysis
7. Global Stretch and Shrink Film Market Forecast, By Product Type, 2017 – 2021 and Forecast, 2022 – 2028
7.1. Hoods
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Sleeves & Labels
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Wraps
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Market Opportunity Analysis Global Stretch and Shrink Film Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Stretch and Shrink Film Market – Opportunity Analysis Index, By Resin, Application, Product Type, and Region, 2022 – 2028
9. North America Stretch and Shrink Film Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
9.1. Resin Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
9.1.1. LLDPE
9.1.2. LDPE
9.1.3. PVC
9.2. Application Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Food & beverage
9.2.2. Industrial packaging
9.2.3. Consumer goods
9.2.4. Pharmaceutical
9.3. Product Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Hoods
9.3.2. Sleeves and labels
9.3.3. Wraps
9.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT) Y-o-Y Growth (%) and Market Share (%)
9.4.1. U.S
9.4.2. Canada
9.5. North America Stretch and Shrink Film Market – Opportunity Analysis Index, By Resin, Application, Product Type, and Country, 2022 – 2028
9.6. North America Stretch and Shrink Film Market Dynamics – Trends
10. Europe Stretch and Shrink Film Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
10.1. Resin Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
10.1.1. LLDPE
10.1.2. LDPE
10.1.3. PVC
10.2. Application Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Food & beverage
10.2.2. Industrial packaging
10.2.3. Consumer goods
10.2.4. Pharmaceutical
10.3. Product Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Hoods
10.3.2. Sleeves and labels
10.3.3. Wraps
10.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Russia
10.4.5. Spain
10.4.6. Italy
10.4.7. Rest of Europe
10.5. Europe Stretch and Shrink Film Market – Opportunity Analysis Index, By Resin, Application, Product Type, and Country, 2022 – 2028
10.6. Europe Stretch and Shrink Film Market Dynamics – Trends
11. Asia-Pacific Stretch and Shrink Film Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
11.1. Resin Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
11.1.1. LLDPE
11.1.2. LDPE
11.1.3. PVC
11.2. Application Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Food & beverage
11.2.2. Industrial packaging
11.2.3. Consumer goods
11.2.4. Pharmaceutical
11.3. Product Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Hoods
11.3.2. Sleeves and labels
11.3.3. Wraps
11.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Stretch and Shrink Film Market – Opportunity Analysis Index, By Resin, Application, Product Type, and Country, 2022 – 2028
11.6. Asia-Pacific Stretch and Shrink Film Market Dynamics – Trends
12. Latin America Stretch and Shrink Film Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
12.1. Resin Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
12.1.1. LLDPE
12.1.2. LDPE
12.1.3. PVC
12.2. Application Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Food & beverage
12.2.2. Industrial packaging
12.2.3. Consumer goods
12.2.4. Pharmaceutical
12.3. Product Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Hoods
12.3.2. Sleeves and labels
12.3.3. Wraps
12.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Venezuela
12.4.5. Rest of Latin America
12.5. Latin America Stretch and Shrink Film Market – Opportunity Analysis Index,  By Resin, Application, Product Type, and Country, 2022 – 2028
12.6. Latin America Stretch and Shrink Film Market Dynamics – Trends
13. Middle East and Africa Stretch and Shrink Film Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) Volume (000’ MT)
13.1. Resin Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
13.1.1. LLDPE
13.1.2. LDPE
13.1.3. PVC
13.2. Application Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Food & beverage
13.2.2. Industrial packaging
13.2.3. Consumer goods
13.2.4. Pharmaceutical
13.3. Product Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Hoods
13.3.2. Sleeves and labels
13.3.3. Wraps
13.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by (Revenue, USD Mn) Volume (000’ MT) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Stretch and Shrink Film Market – Opportunity Analysis Index, By Resin, Application, Product Type, and Country, 2022 – 2028
13.6. MEA Stretch and Shrink Film Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Drug Class & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Anchor Packaging,
14.2.2. Berry Plastics,
14.2.3. AEP Industries Inc. ,
14.2.4. Bemis Company Inc. ,
14.2.5. Dow Chemical Company ,
14.2.6. E. I. du Pont de Nemours and Co (DuPont),
14.2.7. FUJI Seal International Inc.,
14.2.8. Intertape Polymer Group Inc
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • Anchor Packaging,
  • Berry Plastics,
  • AEP Industries Inc. ,
  • Bemis Company Inc. ,
  • Dow Chemical Company ,
  • I. du Pont de Nemours and Co (DuPont),
  • FUJI Seal International Inc.,
  • Intertape Polymer Group Inc

Description

Stretch and Shrink Film Market size was estimated at USD 13.17 Bn in 2021, growing at a CAGR of 5.9% during the forecast period 2022-2028. This market report gives a comprehensive outlook on Stretch and Shrink Film market across the regions like North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report on global Stretch and Shrink Film market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies global Stretch and Shrink Film market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Global Stretch and Shrink Film market report include competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Stretch and Shrink Film 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 global Stretch and Shrink Film market 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 globally. For instance, 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. The presence of many multinational, regional, and local vendors in this market results in intense competition during the forecast period. In this market, the local players offer innovative solutions at a price lower than the international players, which leads to price wars among the vendors. The international players in this market are expected to exhibit inorganic growth during the forecast period as their growth is heavily dependent on the acquisition of local players.

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