Stretch And Shrink Film Market 2022-2026: Growth in Retail Sector to Boost Market Growth

The stretch and shrink film market share is expected to grow up to USD 4.72 billion, accelerating at a CAGR of 5.76% during the forecast period. The stretch and shrink film market growth is driven by the growth in the retail sector. However, the volatility in raw material prices may impede the market growth. Technavio's research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth.

The detailed stretch and shrink film market analysis will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era. Unlock the Free Sample Report

Stretch And Shrink Film Market: Market Segments and Growth Forecasts

The stretch and shrink film market report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The stretch and shrink film market is segmented by Application (Food and beverages, Industrial/bulk, Consumer goods, and Others), Type (Stretch film and Shrink film), and Geography (APAC, North America, Europe, South America, and MEA).
• Based on the application segmentation, the stretch and shrink film market growth in the food and beverages segment will be significant during the forecast period. 
• By geography, 47% of the market growth will originate from APAC during the forecast period. The steady rise in the production of end products for domestic use as well as exports will facilitate the stretch and shrink film market growth in APAC. China, India, and Japan are the key markets for stretch and shrink films in APAC.
• The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the stretch and shrinks film market size.

Stretch And Shrink Film Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

• Growth in the retail sector will be a significant factor in driving the growth of the stretch and shrinks film market.
• Increasing demand for packaged food and beverage products will be instrumental in driving the market growth during the forecast period.
• Increasing adoption of bio-plastics is one of the major stretch and shrinks film market trends that will positively impact the market growth.
• Volatility in raw material prices is a hurdle that needs to be crossed on the path to success.

Stretch And Shrink Film Market: Vendor Analysis

The market is fragmented due to the presence of several players. Allied Propack Pvt. Ltd., American Eagle Packaging, Anchor Packaging LLC, Baoding Enshi Packaging Co. Ltd., Berry Global Group Inc., Bollore SE, C.I. TAKIRON Corp., Coveris Management GmbH, Eurofilms Extrusion Ltd., Exxon Mobil Corp., Fuji Seal International Inc., Groupe Barbier, HIPAC SpA, Inteplast Group, Intertape Polymer Group Inc., IPS Packaging and Automation, ISOFlex Packaging Corp., Paragon Films Inc., Rollsion Product Inc., SmartShield Packaging, and The Dow Chemical Co. are some of the major stretch and shrink film market vendors.

Download the Free PDF Sample Report. The custom reports provide market insights at the global and regional levels along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 5.76%.
    
2. What is the incremental growth of the market?
   The market is expected to grow up to USD 4.72 billion.
    
3. What is a key factor driving this market?
   Growth in the retail sector will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   47% growth will originate from APAC.
    
6. What are the market segments covered in this report?
   The market is segmented by Application (Food and beverages, Industrial/bulk, Consumer goods, and Others), Type (Stretch film and Shrink film), and Geography (APAC, North America, Europe, South America, and MEA).