Stretch Films Market is valued at USD 7975.9 Million in 2021 and expected to reach USD 10875.9 Million by 2028 with the CAGR of 4.53% over the forecast period. The high demand for processed food & beverages is the key driver for Global Stretch Films Market.
Stretch films market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Stretch Films market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
Stretch films are used in packaging goods. These products are highly engineered polythene films and are widely used in different applications to their properties of elasticity and flexibility. They are mainly used to wrap pallet loads due to their special properties of being moisture resistance and air resistance which helps in preventing the goods from getting damaged. These films improve packaging processes, time, reduce cost and offers strong load protection. Polypropylene stretch films have the properties of high heat resistance and provides good transparency compared to polyethylene and polyvinyl chloride stretch films.
The stretch film industry is expected to be largely influenced by high demand for the processed food & beverages and pharmaceutical industry. One of the key drivers for the growth of the stretch films market is its growing demand from e-commerce industry across the emerging economies. In addition, the expansion in the manufacturing sector and increasing requirements for product packaging and protection of goods during warehousing and distribution is also expected to foster the growth of this market. Stretch films are lightweight, safe and cost-effective logistic packaging solution which is further expected to supplement the demand for stretch films in the coming few years. However, high cost of raw materials and availability of low cost alternatives can hamper the market growth. In spite of that, LLDPE-based multilayer stretch films for pallet utilization and bundling applications can create opportunities for stretch films market.
Stretch Films Market Revenue (USD Million) Analysis by Regional and Global, 2022-2028
North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
|Forecast Period||2022 - 2028|
|Market Size in 2020:||USD 7975.9 Million|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 10875.9 Million|
|Tables, Charts & Figures:||175|
Stretch Films manufacturers
|AEP Industries Inc. (now part of Berry Global), Alliance Plastics, Inc., Amcor Plc, Berry Global Group, Inc., Bollore Group, Coveris Holdings S.A., Integrated Packaging Group (IPG), Intertape Polymer Group Inc., Malpack Corp., Manuli Stretch S.p.A., Mima Film S.p.A., Novolex Holdings, Inc., Paragon Films, Inc., Scientex Berhad, Sigma Stretch Film Corp., Silgan Holdings Inc., Thong Guan Industries Berhad, Trioplast Industrier AB, S. Packaging & Wrapping LLC, Others.|
By Material, By product, By Manufacturing, By End-User
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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