Global Stretch Warp Market Size study & Forecast, by Type, by Material (Polyethylene, Polyvinyl Chloride, Polypropylene, Biaxially Oriented Polypropylene, Others), by End user and Regional Analysis, 2023-2030

Description

List of Tables

Global Stretch Warp Market is valued at approximately USD 4.00 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.68% during the forecast period 2023-2030. Stretch wrap, also known as pallet wrap, is a highly flexible plastic film with significant stretchability, utilized for wrapping various items to ensure tight binding. In contrast, shrink wrap is loosely applied around an object and tightens upon exposure to heat. Technological advancements in flexible packaging formats, compared to rigid alternatives, are fueling the increase in sales of stretch films across various industries requiring safe shipment of equipment. The growth of the shipping and logistics industry has emphasized the importance of meticulous product packaging in shaping a positive brand perception, serving as a major driver in this market.

The expansion and increasing demand within the logistics and shipping industry have also contributed to the growth of the Stretch Wrap Market. According to the International Chamber of Shipping, Annually, ships transport a staggering 11 billion tons of goods, equating to an impressive average of 1.5 tons per person, considering the current global population. The availability and development of various sizes and materials of stretch wraps tailored to the needs of end-users are considered opportunities that drive the growth of the Stretch Wrap Market. Environmental concerns surrounding stretch wraps are being addressed through the development of bio-based materials to achieve sustainability goals. However, the current unavoidable environmental impact stems from their predominant composition of Low-Density Polyethylene, a non-biodegradable plastic contributing to pollution. The diverse range of stretch wraps increases the risk of selecting inappropriate materials or sizes, resulting in resource wastage, including financial and temporal resources.

The key regions considered for the Global Stretch Warp Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increased purchasing power and globalization leading to international trade between Asian countries which also increases the demand of the Stretch Wrap Market. Asia Pacific is also expected to grow significantly over the forecast period owing to the growth of the pharmaceutical sector in the region experiencing significant growth, attributed to shifting lifestyles leading to heightened diagnoses of ailments such as cancer and cardiac conditions. Consequently, healthcare expenditure across the Asia Pacific has risen accordingly where stretch wraps are used in every drug and medical device packaging.

Major market player included in this report are:

Berry Global, Inc.
Shrinkflex Thailand PCL
Saudi Basic Industries Corporation (SABIC)
Scientex Berhad
Thong Guan Industries Bhd
Dow
Coveris Flexibles UK
POLIFILM GROUP
Swiftpak Limited
Duo Plast AG

Recent Developments in the Market:

In February 2024, Berry Global announces the inauguration of a new Circular Stretch Film Innovation and Training Center in Tulsa, Oklahoma. This facility now supports the testing and advancement of sustainable, flexible packaging solutions, alongside providing practical training opportunities.
In March 2024, SABIC and JESSA Hospital made significant progress in the development of circular polymers through advanced recycling methods applied to used medical plastics. The project has demonstrated the feasibility of repurposing uncontaminated used medical plastic through advanced recycling techniques, resulting in the production of medical-grade polymers within SABIC's TRUCIRCLE portfolio.
In February 2020, Scientex Packaging Film Sdn Bhd investedUSD43 million to establish a stretch film manufacturing facility in Lancaster County, South Carolina. This facility helps the company to rise as a major global competitor.

Global Stretch Warp Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered -Type, Material, End user, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Cast Wrap
Blown Wrap

By Material:

Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Biaxially Oriented Polypropylene (BOPP)
Others

By End user:

Shipping & Logistics
Food & Beverage
Agriculture
Building & Construction
Chemical
Household
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Stretch Warp Market, by Region, 2020-2030 (USD Billion)
- 1.2.2.Stretch Warp Market, by Type, 2020-2030 (USD Billion)
- 1.2.3.Stretch Warp Market, by Material, 2020-2030 (USD Billion)
- 1.2.4.Stretch Warp Market, by End user, 2020-2030 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Stretch Warp Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Stretch Warp Market Dynamics

3.1.Stretch Warp Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Increasing technology integrated flexible packaging practices
  - 3.1.1.2.Expansion of shipping & logistics industry
- 3.1.2.Market Challenges
  - 3.1.2.1.Environmental impact of Low-Density Polyethylene wraps
  - 3.1.2.2.Complexity in the varieties of stretch wraps available
- 3.1.3.Market Opportunities
  - 3.1.3.1.Development of stretch wraps according to every specification
  - 3.1.3.2.Development of Stretch wraps based on Biodegradable materials

Chapter 4.Global Stretch Warp Market Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Stretch Warp Market, by Type

5.1.Market Snapshot
5.2.Global Stretch Warp Market by Type, Performance - Potential Analysis
5.3.Global Stretch Warp Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4.Stretch Warp Market, Sub Segment Analysis
- 5.4.1.Cast Wrap
- 5.4.2.Blown Wrap

Chapter 6.Global Stretch Warp Market, by Material

6.1.Market Snapshot
6.2.Global Stretch Warp Market by Material, Performance - Potential Analysis
6.3.Global Stretch Warp Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
6.4.Stretch Warp Market, Sub Segment Analysis
- 6.4.1.Polyethylene (PE)
- 6.4.2.Polyvinyl Chloride (PVC)
- 6.4.3.Polypropylene (PP)
- 6.4.4.Biaxially Oriented Polypropylene (BOPP)
- 6.4.5.Others

Chapter 7.Global Stretch Warp Market, by End user

7.1.Market Snapshot
7.2.Global Stretch Warp Market by End user, Performance - Potential Analysis
7.3.Global Stretch Warp Market Estimates & Forecasts by End user 2020-2030 (USD Billion)
7.4.Stretch Warp Market, Sub Segment Analysis
- 7.4.1.Shipping & Logistics
- 7.4.2.Food & Beverage
- 7.4.3.Agriculture
- 7.4.4.Building & Construction
- 7.4.5.Chemical
- 7.4.6.Household
- 7.4.7.Others

Chapter 8.Global Stretch Warp Market, Regional Analysis

8.1.Top Leading Countries
8.2.Top Emerging Countries
8.3.Stretch Warp Market, Regional Market Snapshot
8.4.North America Stretch Warp Market
- 8.4.1.U.S. Stretch Warp Market
  - 8.4.1.1.Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2.Material breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3.End user breakdown estimates & forecasts, 2020-2030
- 8.4.2.Canada Stretch Warp Market
8.5.Europe Stretch Warp Market Snapshot
- 8.5.1.U.K. Stretch Warp Market
- 8.5.2.Germany Stretch Warp Market
- 8.5.3.France Stretch Warp Market
- 8.5.4.Spain Stretch Warp Market
- 8.5.5.Italy Stretch Warp Market
- 8.5.6.Rest of Europe Stretch Warp Market
8.6.Asia-Pacific Stretch Warp Market Snapshot
- 8.6.1.China Stretch Warp Market
- 8.6.2.India Stretch Warp Market
- 8.6.3.Japan Stretch Warp Market
- 8.6.4.Australia Stretch Warp Market
- 8.6.5.South Korea Stretch Warp Market
- 8.6.6.Rest of Asia Pacific Stretch Warp Market
8.7.Latin America Stretch Warp Market Snapshot
- 8.7.1.Brazil Stretch Warp Market
- 8.7.2.Mexico Stretch Warp Market
8.8.Middle East & Africa Stretch Warp Market
- 8.8.1.Saudi Arabia Stretch Warp Market
- 8.8.2.South Africa Stretch Warp Market
- 8.8.3.Rest of Middle East & Africa Stretch Warp Market

Chapter 9.Competitive Intelligence

9.1.Key Company SWOT Analysis
9.2.Top Market Strategies
9.3.Company Profiles
- 9.3.1. Berry Global, Inc.
  - 9.3.1.1.Key Information
  - 9.3.1.2.Overview
  - 9.3.1.3.Financial (Subject to Data Availability)
  - 9.3.1.4.Product Summary
  - 9.3.1.5.Recent Developments
- 9.3.2.Shrinkflex Thailand PCL
- 9.3.3.Saudi Basic Industries Corporation (SABIC)
- 9.3.4.Scientex Berhad
- 9.3.5.Thong Guan Industries Bhd
- 9.3.6.Dow
- 9.3.7.Coveris Flexibles UK
- 9.3.8.POLIFILM GROUP
- 9.3.9.Swiftpak Limited
- 9.3.10.Duo Plast AG

Chapter 10.Research Process

10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
10.2.Research Attributes
10.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Stretch Warp Market, report scope
TABLE 2.Global Stretch Warp Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3.Global Stretch Warp Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4.Global Stretch Warp Market estimates & forecasts by Material 2020-2030 (USD Billion)
TABLE 5.Global Stretch Warp Market estimates & forecasts by End user 2020-2030 (USD Billion)
TABLE 6.Global Stretch Warp Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7.Global Stretch Warp Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8.Global Stretch Warp Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9.Global Stretch Warp Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10.Global Stretch Warp Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11.Global Stretch Warp Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12.Global Stretch Warp Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13.Global Stretch Warp Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14.Global Stretch Warp Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15.Global Stretch Warp Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16.U.S. Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17.U.S. Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18.U.S. Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19.Canada Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20.Canada Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21.Canada Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22.UK Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23.UK Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24.UK Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25.Germany Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26.Germany Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27.Germany Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28.France Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29.France Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30.France Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31.Italy Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32.Italy Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33.Italy Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34.Spain Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35.Spain Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36.Spain Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37.RoE Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38.RoE Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39.RoE Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40.China Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41.China Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42.China Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43.India Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44.India Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45.India Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46.Japan Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47.Japan Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48.Japan Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49.South Korea Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50.South Korea Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51.South Korea Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52.Australia Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53.Australia Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54.Australia Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55.RoAPAC Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56.RoAPAC Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57.RoAPAC Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58.Brazil Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59.Brazil Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60.Brazil Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61.Mexico Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62.Mexico Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63.Mexico Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64.RoLA Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65.RoLA Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66.RoLA Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67.Saudi Arabia Stretch Warp Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68.South Africa Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69.RoMEA Stretch Warp Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70.List of secondary sources, used in the study of global Stretch Warp Market
TABLE 71.List of primary sources, used in the study of global Stretch Warp Market
TABLE 72.Years considered for the study
TABLE 73.Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Stretch Warp Market, research methodology
FIG 2.Global Stretch Warp Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Stretch Warp Market, key trends 2022
FIG 5.Global Stretch Warp Market, growth prospects 2023-2030
FIG 6.Global Stretch Warp Market, porters 5 force model
FIG 7.Global Stretch Warp Market, pest analysis
FIG 8.Global Stretch Warp Market, value chain analysis
FIG 9.Global Stretch Warp Market by segment, 2020 & 2030 (USD Billion)
FIG 10.Global Stretch Warp Market by segment, 2020 & 2030 (USD Billion)
FIG 11.Global Stretch Warp Market by segment, 2020 & 2030 (USD Billion)
FIG 12.Global Stretch Warp Market by segment, 2020 & 2030 (USD Billion)
FIG 13.Global Stretch Warp Market by segment, 2020 & 2030 (USD Billion)
FIG 14.Global Stretch Warp Market, regional snapshot 2020 & 2030
FIG 15.North America Stretch Warp Market 2020 & 2030 (USD Billion)
FIG 16.Europe Stretch Warp Market 2020 & 2030 (USD Billion)
FIG 17.Asia pacific Stretch Warp Market 2020 & 2030 (USD Billion)
FIG 18.Latin America Stretch Warp Market 2020 & 2030 (USD Billion)
FIG 19.Middle East & Africa Stretch Warp Market 2020 & 2030 (USD Billion)