Global Stretch Packaging Market Size, Trends & Growth Opportunity, By Material (Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly Vinyl Chloride (PVC), Others), By Application (Food & Beverages, Industrial Goods, Consumer Product, Other), By Region and Forecast till 2027.
Report ID : IR1001077 | Industries : Chemicals & Materials | Published On :May 2024 | Page Count : 236
Global Stretch Packaging Market Size, Trends & Growth Opportunity, By Material (Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly Vinyl Chloride (PVC), Others), By Application (Food & Beverages, Industrial Goods, Consumer Product, Other), By Region and Forecast till 2027.
Global Stretch Packaging Market.
The global Stretch Packaging market was valued at USD 2,490.23 million in 2021 which expected to reach USD 3,950.45 million by 2027 at a CAGR 6.25% from 2022-2027.
Stretch packaging is a type of plastic that is extremely flexible and is used to protect products during shipping and delivery. Stretch packing, also known as stretch films, comprises shielding a product from the environment by using long-lasting containers, shipping racks, dunnage, pallets, and stretch films.
Because of the expansion of shipping and transportation, proper product packaging is becoming increasingly important in developing a strong brand identity in today's competitive industry.
Market Drivers
Increased R&D efforts that produce new products that are more effective than existing ones are anticipated to cause the stretch packaging market to expand at a constant rate. The market development rate is being actively driven by the numerous benefits, including affordability, energy efficiency, user-friendliness, and a quicker and better alternative than shrink film products.
The development of new government policies supporting packaging solutions, growing demand for sustainable sources in delivery and other food services, and rising disposable income all contribute to the market's expansion.
Market challenges
Rising raw material prices and the availability of specialized substitutes like stretch hoods are limiting the market's development. In addition, growing environmental worries are restricting market expansion. Parallel to the increase in demand for packaging-related goods, plastic use has increased. Environmental concerns are on the rise as a result of the need for appropriate plastic disposal.
According to the United Nations, recycling only accounts for 9% of all plastic waste (UN). The remaining 79 percent were buried, dumped, or left outside. Only about 12% of them were incinerated. Strict regulations intended to reduce the use of plastic will pose a threat to stretch film producers.
Market Segmentation
The Global Stretch Packaging Market is segmented into Material, Application. By Material such as Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly Vinyl Chloride (PVC), Others. Further, market is segmented into By Application such as Food & Beverages, Industrial Goods, Consumer Product, Other.
Regional Analysis
Global Stretch Packaging Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American stretch packaging market represents the largest share of the global market as a result of increasing consumption, demand, and material developments for stretch films for ready-to-eat food. Rising concerns and knowledge about sustainable packaging solutions are predicted to play a role in the market's growth in the region's countries.
The rapidly growing industrialization in emerging nations is expected to increase the revenue of the stretch packaging market in the Asia Pacific area.
Key Players
Various key players are listed in this report such as Bemis Company Inc, Berry GlobalInc, Amcor Ltd, Sigma Plastics GroupInc, AEP Industries Inc, DUO PLAST AG, Four Star Plastics, U.S. Packaging & Wrapping LLC, Bagla Group of Companies
Market Taxonomy
By Material
• Linear Low Density Polyethylene (LLDPE)
• Low Density Polyethylene (LDPE)
• Poly Vinyl Chloride (PVC)
• Others
By Application
• Food & Beverages
• Industrial Goods
• Consumer Product
• Other
By Region
• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Stretch Packaging Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Stretch Packaging Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Stretch Packaging Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Stretch Packaging Market, By Material
5.1 Y-o-Y Growth Comparison, By Material
5.2 Global Stretch Packaging Market Share Analysis, By Material
5.3 Global Stretch Packaging Market Size and Forecast, By Material
5.3.1 Linear Low Density Polyethylene (LLDPE)
5.3.2 Low Density Polyethylene (LDPE)
5.3.3 Poly Vinyl Chloride (PVC)
5.3.4 Others
6 Global Stretch Packaging Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Stretch Packaging Market Share Analysis, By Application
6.3 Global Stretch Packaging Market Size and Forecast, By Application
6.3. 1 Food & Beverages
6.3.2 Industrial Goods
6.3.3 Consumer Product
6.3.4 Other
7 Global Stretch Packaging Market, By Region
7.1 Global Stretch Packaging Market Share Analysis, By Region
7.2 Global Stretch Packaging Market Share Analysis, By Region
7.3 Global Stretch Packaging Market Size and Forecast, By Region
8 North America Stretch Packaging Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Stretch Packaging Market Share Analysis, By Material
8.3 North America Stretch Packaging Market Size and Forecast, By Application
8.4 North America Stretch Packaging Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Stretch Packaging Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Stretch Packaging Market Share Analysis, By Material
9.3 Europe Stretch Packaging Market Size and Forecast, By Application
9.4 Europe Stretch Packaging Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Stretch Packaging Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Stretch Packaging Market Share Analysis, By Material
10.3 Asia Pacific Stretch Packaging Market Size and Forecast, By Application
10.4 Asia Pacific Stretch Packaging Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Stretch Packaging Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Stretch Packaging Market Share Analysis, By Material
11.3 Latin America Stretch Packaging Market Size and Forecast, By Application
11.4 Latin America Stretch Packaging Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Stretch Packaging Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Stretch Packaging Market Share Analysis, By Material
12.3 Middle East Stretch Packaging Market Size and Forecast, By Application
12.4 Middle East Stretch Packaging Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Bemis Company Inc
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Berry GlobalInc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Amcor Ltd
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Sigma Plastics GroupInc
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 AEP Industries Inc
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 DUO PLAST AG
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Four Star Plastics
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 U.S. Packaging & Wrapping LLC
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Bagla Group of Companies
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies