- August 26, 2019
- Category: Chemicals and Material, Packaging
Global Stretch and Shrink Film Market Size study with COVID-19 Impact, by Type (POF, PVC, PP/BOPP, PE, PET, PLA), by Application (Food & Beverage, Consumer Goods, Pharmaceutical, Industrial Packaging, Others) and Regional Forecasts 2020-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & forecasts, 2018-2027 (USD Billion) 1.2.1. Stretch and Shrink Film Market, by Region, 2018-2027 (USD Billion) 1.2.2. Stretch and Shrink Film Market, by Type, 2018-2027 (USD Billion) 1.2.3. Stretch and Shrink Film Market, by Application, 2018-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Stretch and Shrink Film Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Stretch and Shrink Film Market Dynamics 3.1. Stretch and Shrink Film Market Impact Analysis (2018-2027) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Stretch and Shrink Film 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 4.1.6. Futuristic Approach to Porter’s 5 force Model (2017-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Stretch and Shrink Film Market, by Type 5.1. Market Snapshot 5.2. Global Stretch and Shrink Film Market by Type, Performance - Potential Analysis 5.3. Global Stretch and Shrink Film Market Estimates & forecasts by Type 2017-2027 (USD Billion) 5.4. Stretch and Shrink Film Market, Sub Segment Analysis 5.4.1. POF 5.4.2. PVC 5.4.3. PP/BOPP 5.4.4. PE 5.4.5. PET 5.4.6. PLA Chapter 6. Global Stretch and Shrink Film Market, by Application 6.1. Market Snapshot 6.2. Global Stretch and Shrink Film Market by Application, Performance - Potential Analysis 6.3. Global Stretch and Shrink Film Market Estimates & forecasts by Application 2017-2027 (USD Billion) 6.4. Stretch and Shrink Film Market, Sub Segment Analysis 6.4.1. Food & Beverage 6.4.2. Consumer Goods 6.4.3. Pharmaceutical 6.4.4. Industrial Packaging 6.4.5. Others Chapter 7. Global Stretch and Shrink Film Market, Regional Analysis 7.1. Stretch and Shrink Film Market, Regional Market Snapshot 7.2. North America Stretch and Shrink Film Market 7.2.1. U.S. Stretch and Shrink Film Market 18.104.22.168. Type breakdown estimates & forecasts, 2017-2027 22.214.171.124. Application breakdown estimates & forecasts, 2017-2027 7.2.2. Canada Stretch and Shrink Film Market 7.3. Europe Stretch and Shrink Film Market Snapshot 7.3.1. U.K. Stretch and Shrink Film Market 7.3.2. Germany Stretch and Shrink Film Market 7.3.3. France Stretch and Shrink Film Market 7.3.4. Spain Stretch and Shrink Film Market 7.3.5. Italy Stretch and Shrink Film Market 7.3.6. Rest of Europe Stretch and Shrink Film Market 7.4. Asia-Pacific Stretch and Shrink Film Market Snapshot 7.4.1. China Stretch and Shrink Film Market 7.4.2. India Stretch and Shrink Film Market 7.4.3. Japan Stretch and Shrink Film Market 7.4.4. Australia Stretch and Shrink Film Market 7.4.5. South Korea Stretch and Shrink Film Market 7.4.6. Rest of Asia Pacific Stretch and Shrink Film Market 7.5. Latin America Stretch and Shrink Film Market Snapshot 7.5.1. Brazil Stretch and Shrink Film Market 7.5.2. Mexico Stretch and Shrink Film Market 7.6. Rest of The World Stretch and Shrink Film Market Chapter 8. Competitive intelligence 8.1. Top Market Strategies 8.2. Company Profiles 8.2.1. Inteplast Group Corporation 126.96.36.199. Key information 188.8.131.52. Overview 184.108.40.206. Financial (Subject to Data Availability) 220.127.116.11. Product Summary 18.104.22.168. Recent Developments 8.2.2. Berry Global, Inc. 8.2.3. Bemis Company, Inc. 8.2.4. LyondellBasell Industries N.V. 8.2.5. Sigma Plastics Group 8.2.6. Allied Global Plastics Private Limited 8.2.7. Bonset America Corporation 8.2.8. American Eagle Packaging Corporation 8.2.9. Coveris Holdings Inc. 8.2.10. Sealed Air Corporation 8.2.11. Research Process 8.3. Research Process 8.3.1. Data Mining 8.3.2. Analysis 8.3.3. Market Estimation 8.3.4. Validation 8.3.5. Publishing 8.4. Research Attributes 8.5. Research Assumption
Global Stretch and Shrink Film Market is valued approximately at USD 3.9 Billion in 2019 and is anticipated to grow with a growth rate of more than 6% over the forecast period 2020-2027.
Growing concerns regarding global warming and ecosystem welfare among industries, companies as well as organizations leads to the adaptation of biopolymer-based plastics by packaging industries. Bio-based plastics are made from biodegradable biomass which have lesser carbon emission. The rising awareness regarding sustainable operations leads to rise in preference for stretch and shrink films over conventional packaging materials. Large number of international and national manufacturers in the economy with enhancement in the utilization of secondary packaging supports the market growth. For Instance: As per Mondi in 2019, there has been rise in packaging industry by 19% as per previous year. The demand for LLDPE (Linear low-density polyethylene) films, a segment of Stretch and Shrink Film Market, in food processing enhances due to better transparency and lesser harm when it comes in contact with the food.
Due to covid-19 Pandemic, manufacturing industries observed sudden decline which had directly impacted the growth of packaging industries. This also has led to the decline in the demand for stretch and shrink films. However, due to technological innovations in order to enhance stretch films and introduction to high packaging films such as SABIC (Saudi Basic Industries Corporation) which offers increased ability for food packaging supports the market growth of stretch and shrink film. Moreover, factors such as increase in health consciousness among customers whereas rise in smaller packaging sizes due to enhancement in nuclear households in developed economy fuels up the growth market. Further, increase in the consumption of perishable products such as fruits, salads and chopped vegetables has major impact for the rise in market growth. However, volatility in the prices of raw materials for shrink films is the restraining factor which impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Stretch and Shrink Film market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to increase in food & beverages industries in emerging economies such as China and India. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rise in income levels and inclination towards consumption of packaged food would create lucrative growth prospects for the Stretch and Shrink Film market across Asia-Pacific region.
Major market player included in this report are:
Berry Global, Inc. (US)
Inteplast Group Corporation (US)
Bemis Company, Inc. (US)
LyondellBasell Industries N.V. (Netherlands)
Sigma Plastics Group (US)
Allied Global Plastics Private Limited (India)
Bonset America Corporation (US)
American Eagle Packaging Corporation (US)
Coveris Holdings Inc. (UK)
Sealed Air Corporation (US)
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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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:
Food & Beverage
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Stretch and Shrink Film Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers