Stretch and Shrink Film Market In-depth Analysis 2019-2026
This Market report is an exceptional report that makes it possible to the industry to take strategic decisions and achieve growth objectives. The analysis of this report has been used to examine various segments that are relied upon to witness the quickest development based on the estimated forecast frame.
Worldwide Stretch and Shrink Film Industry 2019 Market Research Report is spread crosswise over 129 pages and gives restrictive essential insights, information, data, patterns and aggressive scene points of interest in this specialty division.
Stretch and Shrink Film Market 2019, A recent report published by Data Bridge Market Research provides a unique guidance By Type (Stretch Film, Shrink Film), Material Resin (PP, LLDPE, LDPE, PVC, Others), Application (Food & Beverages, Industrial/Bulk Packaging, Electronics, Paper & Textile, Consumer Goods, Pharmaceutical), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Few of the leading organizations’ names are listed here- Sealed Air; KUREHA CORPORATION; Winpak Ltd.; Flexopack; Bonset America Corporation; COVERIS; PREMIUMPACK GmbH; Sigma Plastics Group; Schur Flexibles Holding GesmbH; Buergofol GmbH; Allfo; Atlantis-Pak; XtraPlast; Transcontinental Inc.; BP Plastics Holding Bhd; others
Competitive Rivalry-:The Stretch and Shrink Film report incorporates the detailed analysis of the leading organizations and their thought process and what are the methodologies they are adopting to maintain their brand image in this market. The report aides the new bees to understand the level of competition that they need to fight for to strengthen their roots in this competitive market.
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Let’s know why the report is worth considering-
Global stretch and shrink film market is expected to rise to an estimated value of USD 22.71 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing demand from various industrial verticals for light-weight flexible packaging offerings.
Stretch films are a type of flexible plastic-based packaging product that can be stretched around the contents of bulk products, as they can be stretched to a large-area while exhibiting enhanced protection for the bulk products restricting any external/environmental contamination over the logistics chain.
Shrink films are a type of plastic films that are wrapped around various large-scale as well as smaller goods to sustain the moisture content and enhance its product life. They are cut greater than the product size and wrapped around it while being exposed to heat, which shrinks the size of the film therefore helping it completely wrap around the product.
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Highlights following MARKET DRIVERS AND RESTRAINT:
- Increasing consumption of packaged food & beverages worldwide is expected to drive the growth of the market
- Innovations and advancements of technology leading to focus on the development of eco-friendly bio-degradable packaging solutions is expected to augment growth of the market
- Proliferation of e-commerce sales channel resulting in increased retail commercialization of various products is also expected to foster growth of the market
- Concerns regarding the vulnerable nature of crude oil which in turn negatively affects the prices of plastics is expected to restrict the growth of the market
- Increasing concerns regarding the usage of plastics and their environmental impact is expected to restrict the growth of the market
Key Developments in the Market:
In February 2019, RKW Group announced that they had introduced a new stretchable shrink film, reducing the overall consumption of energy by shrinking with an enhanced pace as compared to conventional products. This also helps in reducing the overall need of greater than content films as it can be stretched to meet the requirements of packaging products
In December 2018, Grupo GEPP SAPI de CV announced that they have added stretch film and shrink film production lines at their Mexico-based facility based on Amut SpA’s technology. With this addition, the company is aiming to produce fourteen-thousand tons of shrink film and forty-five hundred tons of stretch film annually. This will help in reduction of production costs of the company.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Hair Tie market
Chapter 2: Evaluating the leading manufacturers of the Stretch and Shrink Film market which consists of its revenue, sales, and price of the products
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
Chapter 4: Presenting Stretch and Shrink Film market by regions, market share and with revenue and sales for the projected period
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
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