Stretch and Shrink Film Market Report: Trends, Forecast and Competitive Analysis to 2030

Stretch and Shrink Film Trends and Forecast

The future of the global stretch and shrink film market looks promising with opportunities in the food & beverage, industrial packaging, consumer good, and pharmaceutical markets. The global stretch and shrink film market is expected to reach an estimated $23.53 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increasing demand for eco-friendly material for packaging and increasing demand from packaged food & beverage products for safe and economical packaging solutions.

A more than 150-page report is developed to help in your business decisions.

Stretch and Shrink Film by Segment

The study includes a forecast for the global stretch and shrink film by resin, product, application, and region.

Stretch and Shrink Film Market by Resin [Shipment Analysis by Value from 2018 to 2030]:

• LLDPE
• LDPE
• PVC
• Others

Stretch and Shrink Film Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Hoods
• Sleeves and Labels
• Wraps

Stretch and Shrink Film Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food & Beverage
• Industrial Packaging
• Consumer Goods
• Pharmaceutical

Stretch and Shrink Film Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Stretch and Shrink Film Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies stretch and shrink film companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the stretch and shrink film companies profiled in this report include-

• Berry
• Amcor
• Bonset
• Allen Plastic Industries
• Bollore

Stretch and Shrink Film Market Insights

Lucintel forecasts that LDPE will remain the largest segment over the forecast period due to their improved sealing, extended shelf life, and superior print capabilities.

Within this market, food and beverage will remain the largest segment due to increasing demand for packaging fresh and frozen food items, such as meat, fruits, and vegetables.

APAC will remain the largest region over the forecast period due to increasing food and beverage industry and rising demand for packaged food in the region.

Features of the Global Stretch and Shrink Film Market

Market Size Estimates: Stretch and shrink film market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Stretch and shrink film market size by resin, product, application, and region in terms of value ($B).

Regional Analysis: Stretch and shrink film market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different resins, products, applications, and regions for the stretch and shrink film market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the stretch and shrink film market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the stretch and shrink film market size?

Answer: The global stretch and shrink film market is expected to reach an estimated $23.53 billion by 2030.

Q2. What is the growth forecast for stretch and shrink film market?

Answer: The global stretch and shrink film market is expected to grow with a CAGR of 5.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the stretch and shrink film market?

Answer: The major drivers for this market are increasing demand for eco-friendly material for packaging and increasing demand from packaged food & beverage products for safe and economical packaging solutions.

Q4. What are the major segments for stretch and shrink film market?

Answer: The future of the stretch and shrink film market looks promising with opportunities in the food & beverage, industrial packaging, consumer good, and pharmaceutical markets.

Q5. Who are the key stretch and shrink film market companies?

Answer: Some of the key stretch and shrink film companies are as follows.

• Berry
• Amcor
• Bonset
• Allen Plastic Industries
• Bollore

Q6. Which stretch and shrink film market segment will be the largest in future?

Answer: Lucintel forecasts that LDPE will remain the largest segment over the forecast period due to their improved sealing, extended shelf life, and superior print capabilities.

Q7. In stretch and shrink film market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to increasing food and beverage industry and rising demand for packaged food in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the stretch and shrink film market by resin (LLDPE, LDPE, PVC, and others), product (hoods, sleeves and labels, and wraps), application (food & beverage, industrial packaging, consumer goods, and pharmaceutical), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?