Global Stretch and Shrink Film Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2018-2024
Stretch and Shrink Film Market (Materials Type - Polyvinyl Chloride (PVC), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE) and Polypropylene; End-User - Food & Beverage, Pharmaceutical, Electronics, and Paper & Textile): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global stretch and shrink film market is projected to grow at a CAGR 5.3% over the forecast period of 2016-2024.
Pune, India -- (SBWire) -- 03/28/2019 --Our latest research report entitled Stretch and Shrink Film Market (by materials type (polyvinyl chloride (PVC), low density polyethylene (LDPE), linear low-density polyethylene (LLDPE) and polypropylene), end-user (food & beverage, pharmaceutical, electronics and paper & textile)) Global Industry Analysis, Trends, Size, Share, Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of Stretch and Shrink Film. Latest information on market risks, industry chain structure Stretch, and Shrink Film cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Stretch and Shrink Film growth factors. The global stretch and shrink film market are projected to grow at a CAGR 5.3% over the forecast period of 2016-2024.
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Stretch and Shrink Film Market: Insight
Shrink film wrap is a versatile polymer material used for the packaging of finished goods. In shrink film wrap heat is applied to the film. Stretch film is a highly stretchable plastic film that is wrapped around one or more items to protect them from the environment or unitize for storage, handling, and shipping. There is no need to apply heat for the stretch film during the operation. Shrink wrap film is available in a variety of types, clarities, strengths, thicknesses, and shrink ratios that can be used in conjunction with one another to create the precise type of layering and protection for the product. The main types of films are used in shrink wrapping to protect and secure products for retail and shipping environments include polyethylene, polyvinyl chloride, and polyolefin. Among these, polyethylene is used in several forms of flexible protective packaging that includes stretch film and shrink film performing differently for each. In packaged goods, shrink films add a form of tamper-resistant protection and they can be formed into flattened rollstock, bags, overwrap, banding, and tubing.
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Stretch and Shrink Film Market: Drivers and Restraints
Growing packaged food industry drives the growth of stretch and shrink film market. The primary roles of packaging in processed food are to protect food products from outside influences and damage. Therefore, consumption of stretch and shrink film has been increased that in turn fuels the growth of the stretch and shrink film market. Furthermore, increasing use of stretch and shrink film in beverages personal care products and household products boosts the growth of stretch and shrink film market. In addition, increasing sales of retail items, high efficiency, and effectiveness of film manufacturing and layering as well as increasing use of stretch and shrink hoods, propel the growth of stretch and shrink film market. The benefits offered by stretch and shrink film such as lightweight nature, increased both efficiency and productivity, multi-purpose capabilities, and its inexpensiveness contributes to the growth of stretch and shrinks film market. Besides that, shrink film has excellent puncture resistance and seal strength, that helps protect irregularly shaped items throughout its supply chain lifecycle that in turn favors the growth of stretch and shrink film market. However, strict government regulations to reduce environmental harm caused by plastics may hinder the growth of stretch and shrink film market. Moreover, the growing application of stretch and shrink film in flexible packaging provide beneficial opportunities for stretch and shrink film market.
Stretch and Shrink Film Market: Regional
Among the regions, Asia Pacific dominates the stretch and shrink film market. The food industry in the Asia Pacific region is gigantic in size and is, therefore, a key element in the development prospects of stretch and shrink film market for the region. In addition, the growing expansion of the food and beverage industry in several Asian countries such as China, India, and Indonesia are creating favorable growth opportunities for the Asia Pacific stretch and shrink film market. Growing globalization, increasing disposable income, rising preference for premium packaged foods are among the key factors that will propel the growth of Asia-Pacific stretch and shrink film market. North America holds the second largest market share in the stretch and shrinks film market owing to the high consumption of such films by several retailers for packaging food.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Stretch and Shrink Film.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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