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