The global Stretch & shrink film Market was valued at $14.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $28.7 Billion.
Stretch film is a stretchable, continuous thin plastic film, elastic, which is wrapped & stretched around one or more than one item to prevent or protect from the environment for shipping & storage and handling. it is used for bundling smaller lumbers & units & also used for supermarket tray wraps. The shrinkable film is made by orienting or stretching a conventional film in a temperature to its softening point. Stretch& shrink film is those substances which are used for the packaging they are very common & widely used in different industries. Though there are some apparent similarities between the two systems. Shrink film is used as the basic material & heat forms an important part of the operation. Stretch film is used as the basic material & no heat is applied during the operation. In many applications both the films are considered an alternative to each other. Both the films are used for bulk packaging as well as retail packaging.
“Optimal Price Point (OPP) for Stretch & shrink film”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in theU.S.Advance Ceramic materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Stretch & shrink film Market “by Resin Categories”
We have segmented the Stretch & shrink film based on resin categories as LDPE, LLDPE, PVC.
We have observed the significant growth of stretch & shrink film by LDPE resin categories which is anticipated to grow during the forecast period. LDPE is widely used in a various industrial application for packaging product depending upon the need of industry for their high clarity, high stiffer formulation, high gloss which possess excellent puncture resistant & optical qualities.
Stretch & shrink film Market by“Products”
We have segmented the Stretch & shrink film market based on the product as Hoods, Wraps, Sleeve Labels.
We have observed the rapid growth of stretch & shrink film market by hoods products which dominate the market. Hoods are mainly used in for automated packaging of construction materials on pallets, various industries, automated packaging of glass products on pallets which boost the market of stretch & shrink film market over the forecast period.
Stretch & shrink film Market by “Applications”
We have segmented the Stretch & shrink film market based on Application as Food & Beverage, Industrial Packaging, Pharmaceutical, Consumer goods.
We have observed the maximum use of stretch & shrink film in the application of food & beverages which is anticipated to grow during the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Stretch & shrink film market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for Stretch & shrink film market due to the application for Food & Beverage, Industrial Packaging, Pharmaceutical, Consumer goods. The AsiaPacific is expected to have the highest growth due to China & this would be followed by Europe.
Expanding food industries with the increasing populations generates a demand for Stretch & shrink film. We are observing that a Stretch & shrink film is a good option as it can create a good impact on food & beverage industries.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include Dow Chemical, Berry, Bonset, Dupont, EurofilmsExtrusion, Grafix Arts, Amcor, Bemis are few major players in Stretch & shrink film. The market of Stretch & shrink film is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Stretch & shrink film Market by Resin Categories (Revenue, Million, 2014 – 2025)
Stretch & shrink film Market by Product (Revenue, Million, 2014 – 2025)
- Sleeve Labels
Stretch & shrink film Market by Applications (Revenue, Million, 2014 – 2025)
- Food & Beverage
- Industrial packaging
- Consumer goods
Stretch & shrink film Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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