Shrink film is used for packaging products. It shrinks to form around the shape of the products being packaged. Stretch film is used to wrap pallets of pre-packaged goods prior to shipping. Shrink film does not stretch and you cannot use it as a stretch film. Whereas, stretch film is used to wrap products on pallets and secure them to each other and the pallet.
MARKET SCOPE
The "Global Stretch and Shrink Films Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Stretch and shrink films market with detailed market segmentation by resin, application, and geography. The report provides key statistics on the market status of the leading Stretch and shrink films market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on resin, the global stretch and shrink films market is segmented into LLDPE, LDPE, PVC, and others.
- Based on application, the global stretch and shrink films market is segmented into food & beverage, consumer goods, industrial packaging, and others.
MARKET DYNAMICS
Drivers:
- Rising replacement of conventional packaging materials with stretch and shrink films.
- Increase load stability for food product packaging.
Restraints:
- Stringent regulations regarding stretch and shrink films composition.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The stretch and shrink films market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the stretch and shrink films market in these regions.
IMPACT OF COVID-19 ON STRETCH AND SHRINK FILMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the stretch and shrink films market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from stretch and shrink films market are anticipated to lucrative growth opportunities in the future with the rising demand for stretch and shrink films in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the stretch and shrink films market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AAKRITI Packaging
- AEP Industries Inc.
- Allied Global Plastics Pvt. Ltd.
- American Eagle Packaging
- AmTopp Films, Inc.
- Anchor Packaging
- Baoding Enshi Pack Co.
- Barbier Group
- Bemis Company Inc.
- Berry Plastics
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.