Stretch Film Market Size, Share and Industry Analysis with Trends, Forecasts 2019-2025
Stretch Film Market Size, Share and Industry Analysis By Product (Hand Stretch, Machine Stretch, and Speciality Stretch Films), By Material (Polyethylene, Polypropylene, and Poly Vinyl Chloride), By End User (Pharmaceuticals, Food and Beverages, Personal Care, Electronics, Paper & Textiles, and others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), Competitive Market Share & Forecast, 2019 - 2025
Stretch Film Market by Product Type,
Material, End User and Region - Global Opportunity Analysis and Industry
Forecast, 2019 – 2025
The global stretch film market is expected to reach
USD xxx million by 2025 from USD xxx million in 2018, at a CAGR of xx% during
the forecast period. Global stretch film market report covers market size,
market share and market forecast by product types, material, end user, regions,
and key players, with historical data along with forecast from 2019 to 2025.
The report covers an in depth description, competitive scenario, wide product
portfolio of key vendors and business strategy adopted by competitors along
with their SWOT analysis, revenue, sales and Porter's Five Forces Analysis.
Stretch Film Market Outlook:
Stretch
films also called as stretch wraps are plastic films used to wrap around heavy
load or multiple items. This film has an elastic property that enables it to
keep the objects tightly bound and easy to carry around. In the stretch film
market, there are numerous types of films developed and used such as bundling
stretch film, extended core stretch film, hand stretch film, static dissipative
film and machine stretch film. Each type of stretch film provides different
mechanical properties based upon on the film structure, manufacturing process. These
films exerts a comprehensive force onto the corners of load of products that
keeps the units compact and secure in a place. The stretch film or stretch
wraps are mainly used due to its durable and reliable properties. The loads
wrapped around with these films are more secure which minimize shipping damages.
These films enable increased packaging operation efficiency, improve inventory
control, and increases worker productivity.
Globally,
the manufacturing industry is growing at a rapid pace based on increasing
demand for various products in the local and international markets. This has
increased the usage of warehouses for storage and shipping purposes. Based on
years of research, it is proved that storage conditions, duration of storage,
and pallet configurations affect the performance of the packaging materials,
most specifically corrugated fiberboard. To avoid such effects, stretch films
are largely adopted across the globe, which is contributing to the increased
market size of the stretch film market. In typical warehouse operations,
packaged products are unitized together by stretch film and stored prior to
transport. The selection of films varies based upon the application.
Stretch Film Market Trends and
Advancements:
Globally,
stretch film is used for pallet unitization and product bundling. It not only
secures the load units, but also protects the products from dust, moisture and
damage during transportation. In addition, it provides a low cost reliable
method to package products. These advantages of stretch films propelled
researchers to look into the additional properties and possibly enhance the
efficacy of exiting films. Based on increasing research activities, the stretch
film market has grown at extraordinary level over past few years. With time,
the stretch film has evolved from monolayer to three layer and now commonly a
five or seven layer product. Continuous research has made it possible to
process the film on equipment that varies in size and width along with other
technological differences. Furthermore, increasing use of stretch film has made
metal and plastic banding, tapes, adhesives, and shrink film, as the
conventional mean to wrap pallets.
Since
the packaging industry is experiencing a significant change, the “go green”
initiative has made it essential for the companies to adopt biodegradable and
recyclable products. The companies are also realizing that implementing more
sustainable practices isn’t just improving the environment, but also is developing
the bottom-line. Thus, there has been tremendous advancements in equipment and
technology which is making it easier to reach sustainability goals while
minimizing the costs. In order to maintain these suitability goals, companies
are more focused on reducing primary packaging material which has resulted in greater
demands on stretch wrapping material. This has gradually increased the adoption
rate of the stretch films and is enhancing the growth rate of the stretch films
market.
Stretch Film Market
Drivers and Restraints:
The
primary factor driving the growth of the stretch films market is rapid
development in the packaging industry. Globally, several industries are
focusing on improving their packaging processes and make it more sustainable
with the help of durable material. The applications of stretch films in these
industries has increased at a tremendous pace, thus increased the market size
of stretch films industry. Furthermore, increasing importance of protection and
safety of goods and products, advantages associated with the stretch films
compared to conventional packing material, and increasing research activities
are also fueling the growth of this market. Moreover, stretch films are cost
effective, user-friendly, more energy efficient than shrink film products, hence
are considered to be a better option in the industry. However, increasing cost
of raw materials, availability of low cost alternatives, and environmental
concerns are some of the factors restraining the growth of stretch films market
during the forecast period.
Stretch Film Market Segmentation and
Geographic Outlook:
The stretch film market is segmented on the basis of product,
materials, end user, and geography. On the basis of product, the market is
segmented into hand stretch, machine stretch, and
speciality stretch films. By type
of material, the market is segmented into polyethylene, polypropylene, and poly
vinyl chloride. The end user segment is divided into pharmaceuticals, food and
beverages, personal care, electronics, paper & textiles, and others. Geographic
breakdown and deep analysis of each of the segments mentioned above is included
for North America, Europe, Asia-Pacific, and Rest of the World. North America
is expected to dominate the stretch film market by holding maximum market share.
The retail industry in North America is growing at a rapid pace driving the
demand for effective packaging products. Along with North America, Europe and
Japan are also mature markets with a significant market for stretch films. However,
emerging markets are expected to experience a fastest due to increasing trade in these regions. Also, as
international players are expanding their presence in this region, the market
size of Asia-Pacific region is projected to increase at a rapid pace during the
forecast period.
Stretch Film Market Competitive
Landscape:
The companies operating in the global stretch film
market are adopting various organic and inorganic growth strategies to enhance
their market presence. Companies such as are launching new products to enlarge
their product offerings. For instance, in December 2016 Alupol Films launched
production of five-layer BOPP stretch film. Also, in August 2019 AFP
presented its new stretch film and food packaging film at FachPack 2019. Such
product developments and launch enables the companies to enhance their product
offerings and gain significant market share. In addition to this, the players also focus on mergers
and acquisitions and expansions to develop in the growing stretch film market.
A comprehensive and competitive analysis of market leaders is provided in this report. Some of the major players operating in the global stretch film market include 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 and Paragon Films Inc. among others.
What you get from the Stretch Film Market Research Report:
·
The
study provides an in-depth analysis of the stretch film market with current and
future trends to explain the imminent investment pockets in the market
·
Current
and future trends are outlined to determine the overall attractiveness and to
single out profitable trends to gain a stronger foothold in the market
·
The
report provides information regarding key drivers, restraints and opportunities
with impact analysis
·
Quantitative
analysis of the current market and estimations through 2018-2025 are provided
to showcase the financial caliber of the market
·
Porters
Five Forces model and SWOT analysis of the industry illustrates the potency of
the buyers & suppliers participating in the market
·
Value
chain analysis in the report provides a clear understanding of the roles of
stakeholders involved in the value chain
Stretch Film Market by Product Type, Material, End User, and Region - Global Opportunity Analysis and Industry Forecast, 2019 – 2025
1.
Introduction
1.1.
Objectives
of the Study
1.2.
Market
Definition
1.3.
Market
Scope
1.1.1.
Markets
Covered
1.1.2.
Geographic
Scope
1.4.
Years
Considered for the Study
1.5.
Currency
1.6.
Limitations
1.7.
Major
Stakeholders
2.
Research Methodology
2.1.
Data
Analysis
2.2.
Data
Validation
2.2.1.
Primary
Sources
2.2.2.
Secondary
Sources
2.2.3.
Assumptions
for the Study
3.
Executive Summary
4.
Market Overview
4.1.
Introduction
4.2.
Drivers
4.3.
Restraints
4.4.
Opportunities
4.5.
Challenges
5.
Industry Insights
5.1.
Porter's
Five Forces Analysis
5.2.
Market
Trends
5.3.
Value
Chain Analysis
5.4.
Pricing
Analysis
6.
Global Stretch Film Market, By Product Type (USD Million)
6.1.
Introduction
6.2.
Hand
Stretch
6.3.
Machine
Stretch
6.4.
Specialty
Stretch Films
7.
Global Stretch Film Market, By Material (USD Million)
7.1.
Introduction
7.2.
Polyethylene
7.2.1.
Linear
low-density polyethylene (LLDPE)
7.2.2.
Low-density
polyethylene (LDPE)
7.3.
Polypropylene
7.4.
Poly
Vinyl Chloride
8.
Global Stretch Film Market, By End User (USD Million)
8.1.
Introduction
8.2.
Food
& Beverage
8.2.1.
Meat
& Fish
8.2.2.
Dairy
Products
8.2.3.
Fruits
& Vegetables
8.2.4.
Others
8.3.
Pharmaceutical
8.4.
Personal
Care
8.5.
Electronics
8.6.
Paper
& Textiles
8.7.
Others
9.
Geographic Snapshot of the Global Market (USD Million)
9.1.
Introduction
9.2.
North
America
9.2.1.
US
9.2.2.
Canada
9.3.
Europe
9.3.1.
Germany
9.3.2.
France
9.3.3.
UK
9.3.4.
RoE
9.4.
Asia-Pacific
9.4.1.
Japan
9.4.2.
China
9.4.3.
India
9.4.4.
RoA
9.5.
Rest
of the World
10.
Competitive Analysis
10.1. &n
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