Stretch Films Market

Stretch Films Market: More Than 80% Revenue to be Generated by Polyethylene Stretch Films in 2018: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

Stretch films Market Analysis: Over 80% of the revenue to be generated by the polyethylene stretch films segment in 2018, which is expected to increase further by the end of 2028

The global market for stretch films was valued at US$ 7.71 Bn in 2017 and is projected to expand at a CAGR of 4.6%, during the forecast period (2018-2028).

Stretch Film is a highly stretchable packaging film that is used to unitize items on a pallet. Linear low density polyethylene and low density polyethylene stretch films segments are most commonly used among polypropylene and polyvinyl chloride stretch films. Stretch films have excellent load containment, improves packaging process and time, lowers packaging cost/savings and provides strong load protection. Polypropylene stretch films have high heat resistance and provides good transparency as compared to polyethylene and polyvinyl chloride stretch films.

The global stretch films market is largely organized in regions such as North America and Western Europe whereas Asia Pacific region is expected to provide a broader opportunity. The global stretch films market is expected to be largely influenced by the high demand for the processed food & beverage as well as pharmaceutical & its allied industry. 

In terms of material, polyethylene is expected to be the most attractive material segment for manufacturing stretch films across the globe. High performance films & cost effectiveness are factors that are attracting manufacturers. This results in polyethylene stretch films to gain acceptance in a range of markets including foods, beverages, pharmaceuticals, groceries and others.

Drivers & Restraints

  • Some of the key drivers for the growth of the global stretch films market include its growing demand from e-commerce industry across the emerging economies like India. The growth is also supported by the healthy expansion in the manufacturing sector and growing requirements for product packaging and protection of goods during warehousing and distribution. Stretch films provides lightweight, safe and cost effective logistic packaging solution that act as driver.
  • With the developing taste and changing preferences in the eating habits such as rising preference for ready-to-eat & frozen meals, bakery products, confectioneries & canned products that includes fruits, vegetables, meat & sea food is likely to escalate the demand for stretch films.

The global stretch films market is expected to witness high demand from the electronics & allied industries, pharmaceutical sector and others. One of the key factors which are expected to act as a restraint for the growth of the global stretch films market is the increasing prices of raw materials and rising consumer awareness towards healthier lifestyle, biodegradability & recyclability which might hamper the growth in the stretch films market during the forecast period.

Market Taxonomy:

The global market for stretch films is segmented as per material type, product type, manufacturing type and end use.

As per material type, the global stretch films market is segmented as follows:

  • Polyethylene (PE)
    • Linear low-density polyethylene (LLDPE)
    • Low-density polyethylene (LDPE)
  • Polypropylene (PP)
  • Polyvinyl Chloride(PVC)

As per product type, the global stretch films market is segmented as follows:

  • Hand Stretch Film
  • Machine Stretch Film
  • Specialty Stretch Film

As per manufacturing type, the global stretch films market is segmented as follows:

  • Cast stretch Film
  • Blown Stretch Film

As per end use, the global stretch films market is segmented as follows:

  • Food & Beverage
    • Meat & Fish
    • Dairy Products
    • Fruits & Vegetables
    • Others
  • Pharmaceutical
  • Personal Care
  • Electronics
  • Paper & Textiles
  • Others

The Machine stretch films segment is expected to drive the global market in terms of CAGR whereas as per value and volumetric analysis, the hand stretch films are projected to dominate the market. Among the manufacturing process, the cast stretch segment is anticipated to dominate the global market during the forecast period.

Competitive Landscape

Key players operating in the global market for stretch films include Intertape 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.

Key Segments Covered

By Material Type

  • Polyethylene (PE)
    • Linear low-density polyethylene (LLDPE)
    • Low-density polyethylene (LDPE)
  • Polypropylene (PP)
  • Polyvinyl Chloride(PVC)

By Product Type

  • Hand Stretch Film
  • Machine Stretch Film
  • Specialty Stretch Film

By Manufacturing Type

  • Cast stretch Film
  • Blown Stretch Film

By End Use

  • Food & Beverage
    • Meat & Fish
    • Dairy Products
    • Fruits & Vegetables
    • Others
  • Pharmaceutical
  • Personal Care
  • Electronics
  • Paper & Textiles
  • Others

Regional analysis is presented for following market segments:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • APEJ
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
  • Japan
  • MEA
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

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