Summary

The Global Stretch and Shrink Film Market, valued at approximately USD 17.72 billion in 2023, is projected to expand at a robust CAGR of 5.50% over the forecast period 2024-2032. Stretch and shrink films, known for their superior elasticity and tensile strength, play a critical role in modern packaging solutions. They provide exceptional product protection, enhance visual appeal, and reduce packaging waste, making them indispensable across various industries, including food and beverage, consumer goods, and pharmaceuticals. As businesses strive to improve packaging efficiency and sustainability, the demand for stretch and shrink films continues to surge globally.
This market's growth is primarily driven by the increasing need for efficient and sustainable packaging solutions, propelled by rising consumer demand and stringent regulations aimed at reducing packaging waste. Advancements in resin formulations, including LLDPE and PVC, have further optimized the performance of stretch and shrink films, making them highly adaptable for diverse applications. However, challenges such as fluctuating raw material costs and environmental concerns regarding plastic usage necessitate innovative solutions to maintain market momentum. The ongoing research and development into biodegradable and recyclable alternatives offer lucrative opportunities for market players.
Regionally, North America and Europe dominate the market due to well-established industries and high demand for premium packaging solutions. Meanwhile, the Asia-Pacific region is poised to register the fastest growth during the forecast period, fueled by rapid industrialization, expanding e-commerce sectors, and increasing investments in advanced packaging technologies in countries like China and India. This regional growth underscores the critical role of emerging economies in shaping global market dynamics.
The competitive landscape of the stretch and shrink film market is marked by key players investing heavily in R&D and embracing innovative technologies to enhance product offerings. Strategic partnerships, mergers, and acquisitions further highlight the efforts of companies to consolidate their market positions and expand their geographic footprint.
Major market players included in this report are:
• Berry Global Inc.
• Amcor plc
• Sealed Air Corporation
• Coveris Holdings S.A.
• AEP Industries Inc.
• Sigma Plastics Group
• Intertape Polymer Group Inc.
• RKW Group
• Polyplex Corporation Ltd.
• Clondalkin Group Holdings B.V.
• Daman Polymers
• Scientex Berhad
• FlexFilms
• Bemis Company, Inc.
• Winpak Ltd.
The detailed segments and sub-segment of the market are explained below:
By Resin:
• LLDPE
• LDPE
• PVC
• Others
By Product:
• Hoods
• Sleeves and Labels
• Wraps
• Others
By Application:
• Food & Beverage
• Industrial Packaging
• Consumer Goods
• Pharmaceutical
• Others
By Region:
North America:
• U.S.
• Canada
Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America:
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level insights.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Comprehensive demand-side and supply-side insights.

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Table of Contents

Table of Contents
Chapter 1. Global Stretch and Shrink Film Market Executive Summary
1.1. Global Stretch and Shrink Film Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Resin
1.3.2. By Product
1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Stretch and Shrink Film Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Stretch and Shrink Film Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Demand for Sustainable Packaging Solutions
3.1.2. Advancements in Resin Formulations
3.1.3. Rising E-commerce and Retail Growth
3.2. Market Challenges
3.2.1. Fluctuating Raw Material Costs
3.2.2. Environmental Concerns Regarding Plastic Usage
3.3. Market Opportunities
3.3.1. Development of Biodegradable and Recyclable Films
3.3.2. Expansion in Emerging Markets
3.3.3. Strategic Collaborations and Technological Innovations
Chapter 4. Global Stretch and Shrink Film Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Stretch and Shrink Film Market Size & Forecasts by Resin 2022-2032
5.1. Segment Dashboard
5.2. Global Stretch and Shrink Film Market: Resin Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. LLDPE
5.2.2. LDPE
5.2.3. PVC
5.2.4. Others
Chapter 6. Global Stretch and Shrink Film Market Size & Forecasts by Product 2022-2032
6.1. Segment Dashboard
6.2. Global Stretch and Shrink Film Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Hoods
6.2.2. Sleeves and Labels
6.2.3. Wraps
6.2.4. Others
Chapter 7. Global Stretch and Shrink Film Market Size & Forecasts by Application 2022-2032
7.1. Food & Beverage Stretch and Shrink Film Market
7.1.1. U.S. Food & Beverage Stretch and Shrink Film Market
7.1.1.1. Resin Breakdown Size & Forecasts, 2022-2032
7.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
7.1.2. Canada Food & Beverage Stretch and Shrink Film Market
7.1.2.1. Resin Breakdown Size & Forecasts, 2022-2032
7.1.2.2. Product Breakdown Size & Forecasts, 2022-2032
7.2. Industrial Packaging Stretch and Shrink Film Market
7.2.1. UK Industrial Packaging Stretch and Shrink Film Market
7.2.2. Germany Industrial Packaging Stretch and Shrink Film Market
7.2.3. France Industrial Packaging Stretch and Shrink Film Market
7.2.4. Spain Industrial Packaging Stretch and Shrink Film Market
7.2.5. Italy Industrial Packaging Stretch and Shrink Film Market
7.2.6. Rest of Europe Industrial Packaging Stretch and Shrink Film Market
7.3. Consumer Goods Stretch and Shrink Film Market
7.3.1. China Consumer Goods Stretch and Shrink Film Market
7.3.2. India Consumer Goods Stretch and Shrink Film Market
7.3.3. Japan Consumer Goods Stretch and Shrink Film Market
7.3.4. Australia Consumer Goods Stretch and Shrink Film Market
7.3.5. South Korea Consumer Goods Stretch and Shrink Film Market
7.3.6. Rest of Asia-Pacific Consumer Goods Stretch and Shrink Film Market
7.4. Pharmaceutical Stretch and Shrink Film Market
7.4.1. Brazil Pharmaceutical Stretch and Shrink Film Market
7.4.2. Mexico Pharmaceutical Stretch and Shrink Film Market
7.4.3. Rest of Latin America Pharmaceutical Stretch and Shrink Film Market
7.5. Others Stretch and Shrink Film Market
7.5.1. Saudi Arabia Others Stretch and Shrink Film Market
7.5.2. South Africa Others Stretch and Shrink Film Market
7.5.3. Rest of Middle East & Africa Others Stretch and Shrink Film Market
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Berry Global Inc.
8.1.2. Amcor plc
8.1.3. Sealed Air Corporation
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Berry Global Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Market Strategies
8.3.2. Amcor plc
8.3.3. Sealed Air Corporation
8.3.4. Coveris Holdings S.A.
8.3.5. AEP Industries Inc.
8.3.6. Sigma Plastics Group
8.3.7. Intertape Polymer Group Inc.
8.3.8. RKW Group
8.3.9. Polyplex Corporation Ltd.
8.3.10. Clondalkin Group Holdings B.V.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes