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

  • 2018-09-14
  • REP-GB-7387
  • 210 pages
  • PDF PPT EXCEL
 Stretch Films Market

An Incisive, In-depth Analysis on the Stretch Films Market

This study offers a comprehensive, 360 degree analysis on the Stretch Films market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Stretch Films market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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.

In this report, Future Market Insights (FMI) offers a 10-year forecast of the Global Stretch films Market between 2018 and 2028. In terms of value, the market is expected to expand at a CAGR of 4.6% during the forecast period. The study reveals market dynamics in seven geographic segments along with market analysis for the current market environment and future scenario over the forecast period.

Report Description

This Future Market Insights report studies the global stretch films market for the period 2018–2028. The prime objective of this report is to offer insights and key market trends pertaining to the global stretch films market that are gradually helping transform global businesses.

The global stretch films market report begins with the executive summary for various categories and their share in the stretch films market. It is followed by market dynamics and overview of the global stretch films market, which includes FMI analysis of market drivers, restraints, and trends that are affecting the growth of the stretch films market. Furthermore, to understand the popularity of the market segment, the attractiveness index and BPS analysis with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the stretch films market in each country and region, BPS and Y-o-Y growth analysis is provided.

The global market for stretch films is further segmented as per material type, product type, manufacturing type and by end use. On the basis of material type, the global market for stretch films is segmented into polyethylene, polypropylene and polyvinyl chloride stretch films. On the basis of the product type, the global stretch films market is segmented into hand stretch film, machine stretch films & specialty films. On the basis of the manufacturing type, the global stretch films market is segmented into cast stretch and blown stretch films. Further, based on the end use, the global stretch films market is segmented into food, beverage, personal care, pharmaceutical, electronics, paper & textile and other industries.

The next section of the report highlights the stretch films market, by region, and provides the market outlook for 2018–2028. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional stretch films market. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, the Middle East & Africa (MEA) and Japan. The report evaluates the present scenario and growth prospects of the regional stretch films market for 2018–2028.

To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the stretch films market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis of how the stretch films market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on the supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the stretch films market and identify the right opportunities across the market.

The market segment for global stretch films market has been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the stretch films market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the stretch films market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report.

To understand key growth segments in terms of growth and adoption for stretch films globally, Future Market Insights developed the stretch films market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.

In the final section of the report on stretch films, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in the total stretch films market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth evaluation of their capabilities and success in the stretch films marketplace.

Detailed profiles of companies are also included in the report to evaluate their strategies, key product offerings, and recent developments. 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

    • Argentina

    • Rest of Latin America

  • Western Europe

    • Germany

    • Spain

    • Italy

    • U.K.

    • France

    • Nordic

    • Benelux

    • Rest of Western Europe

  • Eastern Europe

    • Russia

    • Poland

    • Rest of Eastern Europe

  • Asia Pacific Excluding Japan (APEJ)

    • China

    • India

    • ASEAN

    • Australia and New Zealand

    • Rest of APAC

  • Middle East and Africa (MEA)

    • GCC

    • North Africa

    • South Africa

    • Rest of MEA

  • Japan

Stretch Films Market Reports - Table of Contents

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