Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Stretch Film Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.3% during the review period (2022 to 2027).
Stretch Film Packaging Market Overview
The food and beverage (F&B) sector's rapid expansion along with consumer preferences for lightweight, secure, and cost-effective logistic packaging solutions have emerged as the primary factors driving the expansion of the global stretch film packaging market. Additionally, stretch film packaging is preferred by manufacturers across a range of product categories since the installation tools needed are straightforward and affordable. The storage and distribution sectors, which have grown as a result of increased retail trade and regional import-export flows, also contribute to the expansion of the worldwide stretch film packaging industry. Stretch films do offer some climatic protection, although they are less moisture resistant than shrink film. Additionally, biodegradability has grown as an environmental concern, impeding the stretch film market's expansion to a greater degree. As a result, governments in various nations have begun to push bio-based materials, providing market participants with an opportunity to create biodegradable stretch film. Both for retail packaging and bulk packaging, stretch film packaging is very popular. Low-density polyethylene (LDPE) stretch film resins are predicted to rule the stretch film packaging market over the forecast period of 2022–2027 based on material type.
Industry Developments:
Apr 4th, 2022: Sigma Stretch is expanding production of its stretch film to all five of its production facilities across North America and Canada.The initial launch of this product, which was rolled out to selected Sigma Stretch distributors in late 2021, generated tremendous interest from brand owners who wanted to take action towards their sustainability goals. Switching to Sigma Stretch VANISH or SPTek ECLIPSE stretch film ensures that they will not add to the accumulation of plastic waste in the environment if the stretch film is not properly recycled.
27 JANUARY 2021:Trioplast has a market-leading role in climate smart packaging thanks to its sustainability concepts Triolean™ (downgauging with sustained or increased performance), Triogreen™ (products based on renewable raw materials) and Trioloop™ (products made from recycled plastic).Trioloop blown machine stretch has more than 60% Recycled content, where of minimum 51% PCR - Post Consumer Recycled.
Who are the Major Players in Stretch Film Packaging Market?
The Stretch Film Packaging Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Berry Global Group, Sigma Plastics Group, Inteplast Group, Manuli, Paragon Films, Trioplast, Scientex, Amcor, Integrated Packaging Group, Thong Guan Industries, Mima Film, Efekt Plus, M.J. Maillis, Eurofilms Extrusion, DUO PLAST, Huatong United (Nantong), Malpack and others.
What are the major Applications, Types and Regions for Stretch Film Packaging Market?
Stretch Film Packaging Market is segmented based on the Types, applications, End users, companies and regions.
Global Stretch Film Packaging Market, by Type
- Machine Stretch Film
- Manual Stretch Film
Global Stretch Film Packaging Market, by Applications
- Agriculture
- Food & Beverages
- Storage & Distribution
- Healthcare
- Others
Stretch Film Packaging Market Regional Analysis
North America and Europe's stretch film packaging markets have mostly reached a point of maturity, and as a result, it is anticipated that they will lose a sizeable portion of the global films packaging industry to Asia Pacific. In order to increase their revenue by taking advantage of the resources that are accessible in India and other ASEAN nations at a reasonable rate, major market players that serve the developed stretch film packaging markets of Europe and North America are looking to the Asia-Pacific region. The most attractive market for the expansion of stretch film packaging is projected to be the Asia-Pacific region.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Stretch Film Packaging Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 4.3% during the review period (2022 to 2027).
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By Types
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- Machine Stretch Film
- Manual Stretch Film
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By Application
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- Agriculture
- Food & Beverages
- Storage & Distribution
- Healthcare
- Others
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By Companies
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Berry Global Group, Sigma Plastics Group, Inteplast Group, Manuli, Paragon Films, Trioplast, Scientex, Amcor, Integrated Packaging Group, Thong Guan Industries, Mima Film, Efekt Plus, M.J. Maillis, Eurofilms Extrusion, DUO PLAST, Huatong United (Nantong), Malpack
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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163
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Stretch Film Packaging Report
- Evaluate Stretch Film Packaging market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Stretch Film Packaging market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Stretch Film Packaging market.
Frequently Asked Questions
What is the study period of this market?
The Stretch Film Packaging Market is studied from 2017 - 2027.
What is the growth rate of Stretch Film Packaging Market?
The Stretch Film Packaging Market is growing at a CAGR of 4.3% over the next 5 years.
Who are the leading key players in Stretch Film Packaging Market?
Berry Global Group, Sigma Plastics Group, Inteplast Group, Manuli, Paragon Films, Trioplast, Scientex, Amcor, Integrated Packaging Group, Thong Guan Industries, Mima Film, Efekt Plus, M.J. Maillis, Eurofilms Extrusion, DUO PLAST, Huatong United (Nantong), Malpack
What regions does this Stretch Film Packaging Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Stretch Film Packaging Market?
Machine Stretch Film, Manual Stretch Film
What are the significant applications of Stretch Film Packaging Market?
Agriculture, Food & Beverages, Storage & Distribution, Healthcare, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
