Stretch Films Market 2019 Global Share, Key Players, Segmentation and Forecast by 2025
Stretch Films Market: Global Size, Trends,
Competitive, Historical & Forecast Analysis, 2019-2025– Growing demand of packaging industry in industrial
applications is the key driver for Global Stretch Films Market.
Stretch Films Market is valued at USD
7975.9 Million in 2018 and expected to reach USD 10875.9 Million by 2025 with
the CAGR of 4.53% over the forecast period.
Stretch film is a highly
stretchable plastic film which is used to wrap around items. The elastic
recovery keeps the item in place and tightly bound. It is frequently used to
unitize pallet loads and bundling smaller items. Types of stretch film include
bundling stretch film, hand stretch film, extended core stretch film, machine
stretch film and static dissipative film. The linear low-density polyethylene
is most common stretch wrap material produced
by copolymerization of ethylene with alpha-olefins.
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Stretch
films market is segmented on the basis of material, product, manufacturing
type, end-user and region. Based on material, the market is divided into
Polyethylene (PE) (Linear low-density polyethylene (LLDPE), Low-density
polyethylene (LDPE)), Polypropylene (PP) and Polyvinylchloride (PVC). By
product type the stretch films market is classified into Hand stretch film,
machine stretch film and specialty stretch film. Based on manufacturing type
the market is segmented in to cast stretch film, blown stretch film. Based on
end-user the market is classified in to food & beverages, pharmaceutical,
personal care and electronics, paper & textiles.
The
regions covered in this stretch films market report are North America, Europe,
Asia-Pacific and Rest of the World. On the basis of country level, market of
Stretch Films marketis sub divided into U.S., Mexico, Canada, UK, France,
Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key
Players for Stretch Films Market Reports–
Key
players of the Stretch Films market are Polymer Group Inc., Berry Global Group,
Inc., AEP Industries Inc., Smurfit Kappa Group, Scientex Berhad, Sigma Stretch
Film Corp., Anchor Packaging Inc., Coveris Inc., POLIFILM GmbH, Paragon Films
Inc., Allen Plastic Industries Co. Ltd, Vishakha Polyfab, four-star plastics,
and others.
Growing
demand of packaging industry in industrial applications
The
global packaging industry is growing due to its wide applications in industries
such as healthcare, food and drinks, cosmetics and other consumers as well as
industrial goods industries. As stretch film is majorly used in packaging which
is expected to foster the growth of global stretch films market within the
forecast period. Its cost effectiveness, user friendly and more energy
efficient are some of the features which have great impact on its demand.
Another driving factor is growing retail industry which requires stretch films
to send their goods. In addition, increasing research and development
activities in this sector, rising demand in the logistics industry are also
anticipated to supplement the market of stretch film market over the forecast period.
However, environmental concern can be one of the restraining factors for
stretch film market.
North
America is expected to dominate the Stretch Films Market
North
America dominates the stretch films market with highest market share due to
increasing sales in retail items, increasing use of stretch films in food and
goods packaging and the use of the stretch films for secondary packaging of
products including, beverages, household, and personal care products. Asia
Pacific is the fastest growing region over the forecast period owing to growing
urbanization and increasing demand for packaged food and increase in disposable
income of consumers.
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Key Benefits for Global Stretch Films
Market Reports –
- Global market report covers in depth historical
and forecast analysis.
- Global market research report provides detail
information about Market Introduction, Market Summary, Global market
Revenue (Revenue USD), Market Drivers, Market Restraints, Market
opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify
opportunities in market place.
- Global market report covers extensive analysis
of emerging trends and competitive landscape.
Stretch Films Market Segmentation –
By Material:
- Polyethylene (PE) (Linear low-density
polyethylene (LLDPE)
- Low-density polyethylene (LDPE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
By Product:
- Hand Stretch Film
- Machine Stretch Film
- Specialty Stretch Film
By Manufacturing:
- Cast stretch Film
- Blown Stretch Film
By End-User:
- Food & Beverages
- Pharmaceutical
- Personal Care
- Electronics
- Paper & Textiles
By Region:
- North America
- U.S.
- Canada
- Europe
- U.K.
- France
- Germany
- Italy
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
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