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Global Stretch and Shrink Film Market 2016-2020

Global Stretch and Shrink Film Market 2016-2020

Market outlook of the global stretch and shrink film market

Technavio’s market research analyst estimates the stretch and shrink film market to attain a CAGR of over 5% during the forecast period of 2016 to 2020. Much of this growth can be attributed to factors like the high efficiency of film manufacturing and layering, growing sales of retail items, and the increasing use of stretch and shrink hoods and beverage and pallet unitization wraps.

Rapid growth in the food and beverage (F&B) sector is the key driver for the growth of this market. This sector is predicted to be the major customer for plastic packaging and stretch and shrink films during the forecast period. Since products in this sector are fast moving, they need to be light and cheap to reduce the transportation cost and facilitate instant disposal. The inherent property of plastics to mold into various shapes and sizes for the consumption, storage, and transportation of edible items is expected to facilitate market growth during the forecast period.

Application-based segmentation of the stretch and shrink films market

  • Beverages packaging
  • Consumer product packaging
  • Food packaging
  • Industrial/bulk product packaging
  • Material goods packaging
  • Pharmaceuticals packaging
In this market research report, analysts estimate the food packaging segment to lead the global market for stretch and shrink films during the forecast period. This segment is envisaged to account for a market share of more than 39% by 2020 and is closely followed by segments like industrial/bulk product packaging, material goods packaging, beverages packaging, and consumer product packaging segments. Factors like the healthy expansion of the industrial and manufacturing sectors and the recent increase in demand for product packaging are expected to account for this segment’s high market dominance during the forecast period.

Geographical segmentation of the stretch and shrink films market
  • Americas
  • APAC
  • EMEA
In terms of revenue contribution, the APAC region is predicted to lead the global market for stretch and shrink films during the forecast period. This region is expected to witness a growing demand for stretch and shrink films from the packaging and manufacturing industries, which leads to market growth during the forecast period.

Competitive landscape and key vendors

The presence of many multinational, regional, and local vendors in this market results in intense competition during the forecast period. In this market, the local players offer innovative solutions at a price lower than the international players, which leads to price wars among the vendors. The international players in this market are expected to exhibit inorganic growth during the forecast period as their growth is heavily dependent on the acquisition of local players.

Key vendors in this market are -
  • AEP Industries
  • Bemis Co.
  • Berry Plastics
  • Sigma Plastics
Other prominent vendors analyzed in this market research are Aakriti Packaging, Alliance Plastics, Allied Plastics (Mumbai, India), American Eagle Packaging, AmTopp, Baoding Enshi Pack, Bollore, Bonset America, COVERIS, Daman Polymers (India), Dow Chemical, Eurofilms Extrusion, Exxon Mobil Chemical, FlexSol Packaging, Genuine Package Venture, Groupe BARBIER, Hipac Packaging Solutions, Hood Packaging, Intertape Polymer, IPS Packaging, ITW Mima Packaging Systems, Just Shrink It, Kissner Group, Klockner, Pentaplast, LINPAC Group, LINXPAK, Luban Pack, LyondellBasell Industries, Makhija Polyfilms, Malpack, Manuli Stretch, McNeely Plastics, MG Packaging (India), MRI Flexible Packaging, Muller, Om Polymers, Omeirun Industry, P.V.Ran, Paragon Films, Pelican Poly & Pallets, Pep Cee Pack Industries, Polivouga, Sealed Air, Sigma Stretch Film, Silver Talent International, SmartShield Packaging, Taghleef Industries, U.S. Packaging & Wrapping, Vaibhav Plasto Printing and Packaging, Wrap & Vac, and W.W Grainger.

Key questions answered in the report
  • What are the key factors driving the growth of global stretch and shrink film market?
  • What are the key market trends impacting the growth of the global stretch and shrink film market?
  • What are the various opportunities and threats faced by the global stretch and shrink film market?
  • Trending factors influencing the market shares for Americas, APAC, and EMEA?
  • Key outcome of the five forces analysis on the global stretch and shrink film market?
  • Growth forecast of the global stretch and shrink film market until 2020?
Technavio also offers customization on reports based on specific client requirement.

Related reports
  • Stretch and Shrink Films Market in the US 2015-2019
  • Global Packaging Film Market 2015-2019
  • Packaging Film Market in APAC 2015-2019
  • Plastic Films Market in the US 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Stretch and Shrink Film Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Stretch and Shrink Film Market: AEP Industries, Bemis Co., Berry Plastics and Sigma Plastics
Other Prominent Vendors in the market are: Aakriti Packaging, Alliance Plastics, Allied Plastics (Mumbai, India), American Eagle Packaging, AmTopp, Baoding Enshi Pack, Bollore, Bonset America, COVERIS, Daman Polymers (India), Dow Chemical, Eurofilms Extrusion, Exxon Mobil Chemical, FlexSol Packaging, Genuine Package Venture, Groupe BARBIER, Hipac Packaging Solutions, Hood Packaging, Intertape Polymer, IPS Packaging, ITW Mima Packaging Systems, Just Shrink It, Kissner Group, Klockner, Pentaplast, LINPAC Group, LINXPAK, Luban Pack, LyondellBasell Industries, Makhija Polyfilms, Malpack, Manuli Stretch, McNeely Plastics, MG Packaging (India), MRI Flexible Packaging, Muller, Om Polymers, Omeirun Industry, P.V.Ran, Paragon Films, Pelican Poly & Pallets, Pep Cee Pack Industries, Polivouga, Sealed Air, Sigma Stretch Film, Silver Talent International, SmartShield Packaging, Taghleef Industries, U.S. Packaging & Wrapping, Vaibhav Plasto Printing and Packaging, Wrap & Vac, and W.W Grainger.
Commenting on the report, an analyst from Technavio’s team said: “Vendors are looking out for other alternatives to increase their profit and hence the overall market share. Advances in technology used to manufacture these films will help vendors grow during the forecast period. The development of high-grade plastic films through the implementation of advanced resin-manufacturing technology to suit the needs of B2B customers is taking precedence. Also, there is a rise in the demand for these films from APAC, which is another factor boosting the growth of the market.”
According to the report, increased use of pallet unitization films for industrial packaging is a major factor contributing to market growth. Stretch films are widely used to wrap and cover pallet loads, which help prevent any damage or spoilage on the pallet. Rapid growth in the food and beverage (F&B) sector is another factor that has increased the demand for these films. This sector uses superior packaging to enhance the quality and freshness of products.
Further, the report states that growing competition in the market due to the availability of alternative forms of packaging affects the sales of stretch and shrink films.

Companies Mentioned

AEP Industries, Bemis Co., Berry Plastics, Sigma Plastics, Aakriti Packaging, Alliance Plastics, Allied Plastics (Mumbai, India), American Eagle Packaging, AmTopp, Baoding Enshi Pack, Bollore, Bonset America, COVERIS, Daman Polymers (India), Dow Chemical, Eurofilms Extrusion, Exxon Mobil Chemical, FlexSol Packaging, Genuine Package Venture, Groupe BARBIER, Hipac Packaging Solutions, Hood Packaging, Intertape Polymer, IPS Packaging, ITW Mima Packaging Systems, Just Shrink It, Kissner Group, Klockner, Pentaplast, LINPAC Group, LINXPAK, Luban Pack, LyondellBasell Industries, Makhija Polyfilms, Malpack, Manuli Stretch, McNeely Plastics, MG Packaging (India), MRI Flexible Packaging, Muller, Om Polymers, Omeirun Industry, P.V.Ran, Paragon Films, Pelican Poly & Pallets, Pep Cee Pack Industries, Polivouga, Sealed Air, Sigma Stretch Film, Silver Talent International, SmartShield Packaging, Taghleef Industries, U.S. Packaging & Wrapping, Vaibhav Plasto Printing and Packaging, Wrap & Vac, W.W Grainger.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global stretch and shrink film market landscape
    • Market size and forecast
      • Table Global stretch and shrink film market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Global stretch film market
    • Table Types of stretch films
    • Application of stretch films
    • Market size and forecast by revenue
      • Table Global stretch film market 2015-2020 ($ billions)
    • Stretch film resins
    • Global LLDPE market
      • Table Chemical properties of LLDPE
      • Table Global LLDPE market 2015-2020 ($ billions)
  • Global shrink film market
    • Table Stages in shrink wrapping
    • Market size and forecast by revenue
      • Table Global shrink film market 2015-2020 ($ billions)
  • Market segmentation by applications
    • Global stretch and shrink film market by application
      • Table Global stretch and shrink film market by application 2015
      • Table Global stretch and shrink film market by application 2020
  • Geographical segmentation
    • Global stretch and shrink film market by geography
      • Table Global stretch and shrink film market by geography 2015
    • Global stretch and shrink film market by geography 2015-2020
      • Table Global stretch and shrink film market by geography 2015-2020
      • Table Global stretch and shrink film market by geography 2015-2020 ($ billions)
    • Stretch and shrink film market in APAC
      • Table Stretch and shrink film market in APAC 2015-2020 ($ billions)
    • Stretch and shrink film market in the Americas
      • Table Stretch and shrink film market in the Americas 2015-2020 ($ billions)
    • Stretch and shrink film market in EMEA
      • Table Stretch and shrink film market in EMEA 2015-2020 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Key competitive factors in global stretch and shrink film market
    • Key vendor rankings 2015
      • Table Key vendor ranking 2015
    • AEP Industries
      • Table AEP Industries: Product segmentation by revenue 2014
      • Table AEP Industries: Geographical segmentation by revenue 2014
    • Bemis
      • Table Bemis: Business segmentation by revenue 2014
      • Table Bemis: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Bemis: Geographical segmentation by revenue 2014
    • Berry Plastics
      • Table Berry Plastics: Business segmentation by revenue 2014
      • Table Berry Plastics: Business segmentation by revenue 2013 and 2014 ($ billions)
    • Sigma Plastics
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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