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Stretch and Shrink Film Market: Current Analysis and Forecast (2021-2027)

About the Report

About the Report

Shrink film is a versatile polymer material used for the packaging of finished goods to protect and secure products for the retail and shipping environment. A rise in the industrial sector is one of the key factors that is contributing to the growing demand for the stretch and shrink film market. As per the World Bank, the industrial sector's value-added as a % of GDP reached 27.88% in 2020 up from 25.95% in 2016.
Furthermore, emerging demand for processed and packaged food, ready-to-eat food owing to the busy and hectic life schedule, and emerging working couples, globally is contributing to the growth of the market. As per Office for National Statistics (ONS), the number of mothers in the labor market had grown substantially over the last two decades, globally. Moreover, in the United Kingdom around 66.2% of mothers were in employment in 2000, which rose to 75.1% by 2019. Also, as per Deloitte, 28% of consumers will switch to a frozen or processed alternative when faced with a stockout of the fresh item they intended to purchase.
In addition, the growing demand for organic food products globally is emerging as one of the growth catalyst o the stretch and shrink film market. In 2018, India was the leading organic food-producing country in the world, measured by the number of producers. In that year, India had 1.1 million organic food producers, which is more than the number of all organic food producers in the other nine leading countries in the world combined. Organic produce contains fewer pesticides and is often fresher because it doesn't contain preservatives that make it last longer. In addition to providing many of the nutrients contained in fresh fruit and veggies, juice may also improve sleep quality, mood, brain function, immune health, and heart health. According to a study in 20 healthy adults, the phenolic compounds provided in 230 ml of purple grape juice may improve mood and brain function.
A continuous rise in the launch of new medicines globally is leading to the growing demand for stretch and shrink films globally. Globally. As per the International Federation of Pharmaceutical Manufacturers & Associations In 2018, 59 new medicines were launched, while currently, more than 8,000 compounds are at different stages of development. Moreover, the research-based biopharmaceutical industry is estimated to have spent USD 179 billion globally on biopharmaceutical R&D in 2018.
Based on type, the market is fragmented into Stretch Film and Shrink Film. The shrink film segment grabbed the major market share in 2020 and dominated the market. With the growing demand for making the packaging of the product more appealing and classier, the demand for shrink film is on rising. Shrink film is also used to package your products for display on store shelves while giving them a glossy sheen. Also, the availability of biodegradable shrink film is also adding pace to the growth of the market.
Based on the resin, the market is fragmented into PP, LLDPE, LDPE, PVC, and Others. The LDPE segment grabbed the major market share and dominated the market in 2020. The market of this segment would reach USD XX Mn by 2027. The factors such as the availability of LDPE films in a variety of gauges and sizes, protecting and showcasing the product on shelves are leading to the greater adoption of these films. contributes toward the increased product application.
Based on the application, the market is fragmented into Food & Beverage, Consumer Goods, Pharmaceutical and Others. The food and beverage segment grabbed XX% market share and captured USD XX Mn market in 2020. However, the consumer goods segment would witness a robust CAGR during the forthcoming years.
For a better understanding of the market adoption of the Stretch and Shrink Film Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of APAC), and Rest of World. Asia-Pacific constitutes a major market for the Stretch and Shrink Film Market industry and generated revenue of USD XX Million in 2020 owing to the emerging demand for Stretch and Shrink Films from the pharmaceutical sector in the region.
Some of the major players operating in the market are AEP Industries Inc., Bemis Company Inc., Berry Plastics Corporation, Sigma Plastics Group, Bollore Inc., ExxonMobil Chemical, American Eagle Packaging, Flex Sol Packaging Corp., Barbier Group, Dow Chemical, etc. Several M&As along with partnerships have been undertaken by these players to develop Stretch and Shrink Film across the globe.

Products


Companies

AEP Industries Inc., Bemis Company Inc., Berry Plastics Corporation, Sigma Plastics Group, Bollore Inc., ExxonMobil Chemical, American Eagle Packaging, Flex Sol Packaging Corp., Barbier Group, Dow Chemical

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Stretch and Shrink Film Market

2.2. Research Methodology of the Stretch and Shrink Film Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Stretch and Shrink Film Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL STRETCH AND SHRINK FILM MARKET COVID-19 IMPACT

6 GLOBAL STRETCH AND SHRINK FILM MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

7.1. Stretch Film

7.2. Shrink Film

8 MARKET INSIGHTS BY RESIN

8.1. PP

8.2. LLDPE

8.3. LDPE

8.4. PVC

8.5. Others

9 MARKET INSIGHTS BY APPLICATION

9.1. Food & Beverage

9.2. Consumer Goods

9.3. Pharmaceutical

9.4. Others

10 MARKET INSIGHTS BY REGION

10.1. North America Stretch and Shrink Film Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Stretch and Shrink Film Market

10.2.1. United Kingdom

10.2.2. Germany

10.2.3. France

10.2.4. Italy

10.2.5. Spain

10.2.6. Rest of Europe

10.3. Asia Pacific Stretch and Shrink Film Market

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. South Korea

10.3.6. Rest of Asia Pacific

10.4. Rest of World Stretch and Shrink Film Market

11 STRETCH AND SHRINK FILM MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 STRETCH AND SHRINK FILM MARKET OPPORTUNITIES

13 STRETCH AND SHRINK FILM MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Competitive Landscape

17.1.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. AEP Industries Inc.

18.2. Bemis Company Inc.

18.3. Berry Plastics Corporation

18.4. Sigma Plastics Group

18.5. Bollore Inc.

18.6. ExxonMobil Chemical

18.7. American Eagle Packaging

18.8. Flex Sol Packaging Corp.

18.9. Barbier Group

18.10. Dow Chemical

19 DISCLAIMER

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