Summary

Global Stretch Packaging Market Size, Analysis, Share, Trends by Material (Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly vinyl chloride (PVC) and others), by Application (Food & Beverages, Industrial goods, Consumer product, and Others) and By Region - Global Forecast To 2023

Stretch Packaging Market Overview

Stretch packaging is a method wherein stretchable plastic film is wrapped around a load of products that helps hold the load tightly together. This kind of packaging is generally applied for palletizing food items for transportation or storage purpose. They serve as ideal primary packaging solution. Market Research Future (MRFR) has recently published an in-depth report on the global stretch packaging market, covering valuable market insights that have been derived after thorough analysis of the pertinent trends and factors affecting the growth of the market. MRFR's analysis has projected a CAGR of 4.7% in the stretch packaging market over the forecast period of 2017-2023.

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The emergence of biodegradable stretch packaging has further supported the growth of the market. Augmenting environmental concerns and restriction on the use of certain plastics have fueled the use of biodegradable stretch packaging solutions. Development in stretch wrapping machines an availability in semi-automatic or automatic models are also fueling the growth of the market.

Competitive Landscape

• Unnati Industrial Corporation (India)
• DUO PLAST AG (Germany)
• Amcor Ltd (Australia)
• Bemis Company, Inc. (U.S.)
• Berry Global, Inc. (U.S.)
• Grafix Arts (U.S.)
• AEP Industries Inc. (U.S)
• Sigma Plastics Group, Inc. (U.S.)
• S. Packaging & Wrapping LLC (U.S.)

are the key players in the stretch packaging market.

 

Segmentation

The global stretch packaging market has been segmented based on material and application.

By material, the stretch packaging market has been segmented into Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), and Poly vinyl chloride (PVC). The Low Density Polyethylene segment is leading the market. LDPE is one of the most commonly used packaging material.  The LLDPE is anticipated to be record the highest CAGR over the forecast period. On the basis of application, the market is segmented as food & beverages, industrial product, consumer product, and others. Food & Beverages segment dominates the application segment of the market. Increased consumption of food & beverages across the globe, drives the demand of beverages

Regional Analysis

Region-wise, the stretch packaging market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

APAC is likely to command the largest share of the global stretch packaging market over the forecast period. The growth of the market can be attributed to the rising disposable income in the region which has increased the consumption of packaged consumables in the region, thereby fueling the growth of the market. The major packaging players are looking to capitalize on the opportunity offered by the APAC region, Availability of relatively cheap labor, low operating cost, and expanding F&B industry are keys to market growth. Fast-track urbanization in the region has resulted in people leading lifestyles which has increased their reliance on packaged food products which has further generated demand for stretch packaging market.

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Table Of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

 

Continues……

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