Global Stretch and Shrink Film Market Overview
According to SPER Market Research, the Global Stretch and Shrink Film Market is estimated to reach USD 28.80 billion by 2032 with a CAGR of 5.67%.
A plastic film called stretch and shrink film is used to wrap things. The shrink wrap is put loosely to the product and shrinks tightly when heated, whereas the stretch wrap is flexible. The packaging of various consumer goods, including toys, gifts, and electrical devices, is a common usage for these films. Additionally, they give items and packages more stability when they are combined into a unit load, which aids in the efficient handling of packages and increases their resistance to dust and moisture. The product's shelf life is also increased by it. Because of the requirement to reduce transportation costs and maintain product integrity, the product draws interest from high export economies like China and India. Stretch wrap films are utilised in the consumer goods industry for applications such as form-fill-seal, adhesive labels, sleeves, collation wrap, and pre-made pouches. Over the projection period, a rise in the consumption of fresh meals such cold salads is anticipated to fuel demand for these goods. The beverage industry benefits from sleeve-based stretch packaging solutions since they provide bands for bottles. The product is used in packaging, such as multipacks of beverages and cutting-edge pouches. During the forecast period, extensive non-alcoholic beverage production in North America is anticipated to fuel demand for sleeve labels.
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Impact of COVID-19 on the Global Stretch and Shrink Film Market
The COVID-19 pandemic has had a significant impact on the global stretch and shrink film market, with both positive and negative effects. On the one hand, the increased demand for essential goods such as food and medical supplies during the pandemic has led to a surge in demand for packaging materials, including stretch and shrink films. The use of stretch and shrink films in the packaging of e-commerce and home delivery products has also increased significantly as more people have shifted to online shopping due to lockdowns and social distancing measures. This has led to an increase in the sales of stretch and shrink films, particularly in the food and beverage, healthcare, and e-commerce sectors.
On the other hand, the disruption of global supply chains due to the pandemic has led to shortages in raw materials and transportation issues, leading to price hikes and supply chain disruptions. This has affected the production and supply of stretch and shrink films, causing delays and production constraints. Moreover, the slowdown in the manufacturing and construction industries due to lockdowns and restrictions has also affected the demand for stretch and shrink films used in these sectors, leading to a decrease in sales.
Overall, while the pandemic has caused some challenges for the global stretch and shrink film market, the increased demand for essential goods and online shopping has helped to balance out the negative impact. The market is expected to continue to grow in the coming years, driven by the increasing use of these films in the food and beverage, healthcare, and e-commerce sectors.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Application, By Material
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Amchor Plc, American Eagle packaging, Barbier Group, Bemis Group, Berry Plastic, Coveris, Dow, Fuji, Intertape Polymer group, Paragon, Vitopel
|
Global Stretch and Shrink Film Market Segmentation:
1. By Product:
- Hoods
- Sleeves and Labels
- Wraps
2. By Application:
- Consumer Goods
- Food & Beverages
- Industrial Packaging
- Pharmaceutical
3. By Material:
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Stretch and Shrink Film Market (FY’2019-FY’2032)
- Overview of Global Stretch and Shrink Film Market
- Segmentation of Global Stretch and Shrink Film Market By Product (Hoods, Sleeves and Labels, Wraps)
- Segmentation of Global Stretch and Shrink Film Market By Application (Consumer Goods, Food & Beverages, Industrial Packaging, Pharmaceutical)
- Segmentation of Global Stretch and Shrink Film Market By Material (LDPE, LLDPE, PVC, Others)
- Statistical Snap of Global Stretch and Shrink Film Market
- Growth Analysis of Global Stretch and Shrink Film Market
- Problems and Challenges in Global Stretch and Shrink Film Market
- Competitive Landscape in the Global Stretch and Shrink Film Market
- Impact of COVID-19 and Demonetization on Global Stretch and Shrink Film Market
- Details on Recent Investment in Global Stretch and Shrink Film Market
- Competitive Analysis of Global Stretch and Shrink Film Market
- Major Players in the Global Stretch and Shrink Film Market
- SWOT Analysis of Global Stretch and Shrink Film Market
- Global Stretch and Shrink Film Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.2. Market segment analysis
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.2. COVID-19 Impacts of the Global Stretch and Shrink Film Market
5. Market variables and outlook
5.2.1 Political landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
6.1 Global Stretch and Shrink Film Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Stretch and Shrink Film Market
7. Global Stretch and Shrink Film Market, By Product, 2019-2032 (USD Million)
8. Global Stretch and Shrink Film Market, By Application, 2019-2032 (USD Million)
9. Global Stretch and Shrink Film Market, By Material, 2019-2032 (USD Million)
10. Global Stretch and Shrink Film Market, By Region, 2019-2032 (USD Million)
10.1 Global Stretch and Shrink Film Market Size and Market Share by Region (2019-2025)
10.2 Global Stretch and Shrink Film Market Size and Market Share by Region (2026-2032)
10.3.6 Rest of Asia-Pacific
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.7.3 Rest of Latin America
11.1.4 Recent developments
11.2 American eagle Packaging
11.2.4 Recent developments
11.3.4 Recent developments
11.4.4 Recent developments
11.5.4 Recent developments
11.6.4 Recent developments
11.7.4 Recent developments
11.8.4 Recent developments
11.9 Intertape Polymer Group
11.9.4 Recent developments
11.10.2 Financial outlook
11.10.4 Recent developments
11.11.2 Financial outlook
11.11.4 Recent development
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
