Market Highlights:
The growth in import export activities among the countries, increases the shipping of products, which drives the growth of the market. Stretch packaging is used to hold the loads and products together on a pallet for the purpose of transportation or storage. This packaging is transparent, which makes it suitable for retail & wholesale display, and ideal for general marketing purposes, due to its clear surface. These factors also impact the growth of the market, positively. However, the availability of cheap alternatives may hamper the growth of the market.
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Stretch Packaging Market is projected to grow at a CAGR of 4.7% during the forecast period.
Scope of the Report:
This study provides an overview of the global stretch packaging market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global stretch packaging market by its material, product, application and region.
Key Players:
The prominent players in the stretch packaging market include Bemis Company, Inc. (U.S.), Berry Global, Inc. (U.S.), Amcor Ltd (Australia), Sigma Plastics Group, Inc. (U.S.), AEP Industries Inc. (U.S), DUO PLAST AG (Germany), Unnati Industrial Corporation (India), U.S. Packaging & Wrapping LLC (U.S.), and Grafix Arts (U.S.).
Market Segmentation:
By Material
- Linear Low Density Polyethylene (LLDPE)
- Low Density Polyethylene (LDPE)
- Poly vinyl chloride (PVC)
- Other
By Application
- Food & Beverages
- Industrial goods
- Consumer Product
- Others
Market Research Analysis:
Global stretch packaging market has been segmented based on material, application and region. On the basis of material, the market is segmented as Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly vinyl chloride (PVC). Low Density Polyethylene dominates the material segment of the market. Majority of the end users use LDPE for stretch packaging. LLDPE is expected to be the fastest growing material segment. PVC is a dense material and is considered a common material in India, when clarity is an important selection criterion, particularly for consumer packaging.
On the basis of application, the market is segmented as food & beverages, industrial product, consumer product, and others. Food & Beverages segment dominates the application segment of the market. Increased consumption of food & beverages across the globe drives the demand of beverages.
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