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New York, United States, Sept 21, 2022 (Analytics Market Research) – Stretch and Shrink Films are a method for properly packing things. Stretch films offer better protection for the bulk goods while being able to cover a vast area. The objects are kept firmly bound by the elastic recovery. Shrink wrap, on the other hand, is wrapped loosely around an item and contracts with heat. Superior packaging characteristics of the films, such as enhanced printability, simpler application, and strong package sealing capabilities, are expected to further fuel the rise.
The stretch films are used by many companies, such as those that produce metal, cement, wood, and other industrial goods. These films are employed in the shipment and transportation of the aforementioned commodities. Stretch films’ ability to reduce waste and make transportation simple are anticipated to boost industry growth during the projected period. Stretch film demand is predicted to increase, which will help the sector thrive as more palatable medicinal products are stored, distributed, and labelled. These items’ simple installation, removal, and affordable pricing are projected to have a favourable effect on the industry’s growth over the projection period.
The global stretch and shrink films market size was estimated at USD 15.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030.
Market Analysis and Insights : Global Stretch and Shrink Film Market
Stretch films are a category of flexible plastic-based packaging that can stretch other categories of flexible plastic-based packaging. These films have superior protection for bulk materials and may be stretched over a wide area, reducing environmental contamination throughout the logistical chain. One of the key factors propelling the growth of the stretch and shrink film market is the rise of the food processing sector globally. The demand for fruits, vegetables, and other food products is rising, and to maintain the moisture content and extend product life, many large-scale and small-scale commodities are being wrapped in films. These factors are driving the market’s expansion.
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Global Stretch & Shrink Film Market: Major Players
Bonset,Bolloré Group,FlexSol Packaging,Daman Polymers,Bemis,COVERIS,Exxon Mobil,Eurofilms Extrusion,Amcor,Dupont,AEP,Berry
Global Stretch & Shrink Film Market: Types
Global Stretch & Shrink Film Market: Applications
Global Stretch & Shrink Film Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Stretch & Shrink Film market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Stretch and Shrink Film Market Challenge
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