The stretch and shrink films are
widely used for the purpose of packaging various stacked consumer goods such as
electrical and electronic gadgets, gift packs, toys, compact discs, and others.
Globalization has resulted in the transportation of shipments of various
products across different continents, which has increased the demand for robust
packaging solutions in order to improve durability. Thus, the demand for
stretch and shrink films are anticipated to increase considerably in the near
future. Growing adoption of shrink labels and hoods in the food & beverage
industry owing to its ability to endure at wide temperature range is expected
to foster the overall demand. In addition, rising sale of retail items along
with increasing e-commerce sales is also anticipated to drive the growth of
packaging industry, which in turn is expected to impact the global stretch and
shrink films market growth positively in the near future.
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Factors such as high efficiency of
film manufacturing and layering, rising sales of retail items, and increasing
use of stretch and shrink hoods, beverage and pallet unitization wraps are also
fostering the demand of stretch and shrink films globally. On the other hand,
stringent regulatory norms relevant to packaging materials used in the food
industry are expected to restrain the market growth to some extent. Moreover,
constantly changing raw material prices along with the uncertainty of the
natural gas and petroleum market is expected to be a key concern of
manufacturers.
On the basis of application, the
global stretch and shrink films market is segmented as beverages packaging,
material goods packaging, consumer product packaging, food packaging,
industrial/bulk product packaging, and pharmaceuticals packaging. Based on the
type, the global market is segmented as stretch wraps, stretch labels and
sleeves, stretch hoods, shrink wrap, shrink labels, shrink bags, and shrink
hoods. On the basis of resins, the global stretch and shrink films market is
further segmented as linear low-density polyethylene (LLDP), low-density
polyethylene (LDP), and polyvinyl chloride (PVC).
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Asia Pacific is anticipated to
dominate the global stretch and shrink films market mainly owing to high growth
for food and beverage industry. In addition, the demand for bulk packaging
materials by the developing countries such as China and India is also expected
to drive the market growth. Increasing demand for consumer goods in this region
is expected to impact the market positively. Moreover, rising awareness
regarding personal health is also anticipated to boost the demand for
health-based packaged beverages in this region, which in turn is expected to
result in high market growth.
Some of the major players in the global stretch and shrink
films market are Berry Plastics Corporation, AEP Industries Inc., Bemis Company
Inc., Bollore Inc., Sigma Plastics Group, Allied Global Plastics Pvt. Ltd.,
Bonset America Corporation, American Eagle Packaging, and Coveris Holdings Inc.
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Stretch and Shrink Films Market: Regional Segment Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East and Africa
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