Stretch and Shrink Film Market Definition
Stretch and Shrink Film are made of plastic. The stretch film is applied by hand or machine to the load and stretches about 200% -300%. Whereas the shrink film is used to wrap multiple products and shrinks as the heat is applied either by heat gun or heat tunnel. The shrink wrapping is done in four stages that are Wrapping, Sealing, Shrinking and cooling. However, the stretch wrapping is done in two stages that are Wrapping and Sealing. These films are made of materials like Polyolefin.
The market study is broken down by Type (Shrink wrap and Stretch wrap), by Application (Food & Beverage, Industrial Packaging, Pharmaceutical and Consumer Goods) and major geographies with country level splits.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Stretch and Shrink Film market throughout the predicted period.
AEP Industries (United States), Bemis (United States), Amcor Ltd (Australia), Berry Plastics (United States), Coveris Holdings S.A. (Austria), Clondalkin Group Holdings Bv (Netherlands), Sigma Plastics (United States), MaxTech (United States), Grafix Arts (United States) and Dow Chemical (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Intertape Polymer Group Inc. (United States), FUJI Seal International Inc (Japan) and E. I. du Pont de Nemours and Co (United States).
AdvanceMarketAnalytics has segmented the market of Global Stretch and Shrink Film market by Type, Application and Region.
On the basis of geography, the market of Stretch and Shrink Film has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material used, the sub-segment i.e. Polyvinyl Chloride (PVC) will boost the Stretch and Shrink Film market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2019, Amcor has acquired the Bemis Company Inc and operating as Amcor Plc. This acquisition will strengthen the leading value proposition
- Technological development are being made
- Rising demand for packaged food
- Use of stretch and shrink films leads to easy handling of products
- Growing retail sector in the developing countries
- High demand of stretch and shrink films in developing countries
- Usage of stretch and shrink film leads to the increasing cost
- Stringent government regulations on usage of chemicals
- Stretch films has less resistance of moisture which may be challenging to maintain
- Compressing of load in vertical direction is not possible
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Key Findings & Research ObjectiveFocus of the study is to analyze characteristics that affect the nature of competition and pricing. Identifying Influencing factors keeping Stretch and Shrink film Market Intense, factored with periodic analysis of CR4 & CR8 concentration ratio. In-depth Competitive analysis at product and Strategic business level. Predictive analysis on upcoming trends and changes in consumer behavior. Also, to analyze the competitive developments, such as new product launch and merger & acquisition, in the Shrink and Stretch film market
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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