Market Overview:
The global stretch packaging market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for packaged food and beverages, rising disposable income, and growing e-commerce industry. In terms of type, the linear low density polyethylene (LLDPE) segment is expected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to its properties such as high tensile strength, toughness, and resistance against puncture and tearing. In terms of application, the food & beverages segment is expected to account for the largest share of the global stretch packaging market in 2018.
Product Definition:
Stretch wrapping is a packaging process used to stabilize and protect a load by bunching items together and then using an elastic material to tightly wrap the load. Stretch film, or stretch wrap, is the most common type of elastic material used for this process.
Linear Low Density Polyethylene (LLDPE):
Linear low density polyethylene (LLDPE) is a form of polyethylene that has high molecular weight and low bulk density. LLDPE is used in the production of stretch packaging films, primarily for food and confectionery products. It offers several advantages over other types of polymers including ease in processing, excellent mechanical properties at elevated temperatures along with superior barrier properties against water vapor and gas.
Low Density Polyethylene (LDPE):
LDPE is a low-density polyethylene, which has a density of 0.917 g/cm³. It is used in stretch packaging due to its properties such as high puncture resistance, good barrier properties and low moisture absorption. LDPE offers excellent clarity for food products and has an extended shelf life when used as film or cover material in the packaging of frozen foods, fruits & vegetables among others.
Application Insights:
The food & beverage application segment led the global stretch packaging market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to rising demand for packaged foods, including frozen meals, ready-to-eat meals, snacks and desserts among others. In addition, growing consumption of alcoholic beverages is expected to drive demand for stretch wraps in this application segment over the next few years.
The industrial goods segment accounted for a significant share in 2017 owing to increasing use of polyethylene film wraps across industries such as pharmaceuticals and electrical & electronics among others which require protection against physical damage or contamination during transportation or storage purposes respectively.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as food & beverages, consumer goods, industrial goods and others. Increasing disposable income coupled with growing population has resulted in an increased demand for products that fulfill basic needs and requirements such as housing, transportation etc., which will drive regional market growth over the forecast period.
The Asia Pacific regional market is characterized by a large number of manufacturers who export their products to North America and Europe via sea routes owing to low production costs associated with these regions. In addition, countries like China are major manufacturing hubs due to availability of cheap labor along with raw material suppliers at economical costs resulting in high production volumes; thus driving overall industry growth across this region.
Growth Factors:
- Increasing demand for stretch packaging from food and beverage industry as it preserves the freshness of the product and prevents it from contamination.
- Rising demand for lightweight and flexible packaging solutions that can be easily transported and stored is fueling the growth of stretch packaging market.
- Growing popularity of ready-to-eat food products is propelling the demand for stretch packaging films as they help in preserving the taste, flavor, and nutritional value of food products.
- Stringent government regulations regarding food safety are encouraging manufacturers to adopt advanced packaging technologies such as stretch films to ensure safe delivery of products to consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stretch Packaging Market Research Report
By Type
Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly Vinyl Chloride (PVC), Others
By Application
Food & Beverages, Industrial Goods, Consumer Product, Others
By Companies
Amcor, Berry Global, Amcor, Sigma Plastics, AEP Industries, DUO PLAST, Unnati Industrial, U.S. Packaging & Wrapping, Grafix Arts, Amcor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Stretch Packaging Market Report Segments:
The global Stretch Packaging market is segmented on the basis of:
Types
Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly Vinyl Chloride (PVC), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Industrial Goods, Consumer Product, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amcor
- Berry Global
- Amcor
- Sigma Plastics
- AEP Industries
- DUO PLAST
- Unnati Industrial
- U.S. Packaging & Wrapping
- Grafix Arts
- Amcor
Highlights of The Stretch Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Linear Low Density Polyethylene (LLDPE)
- Low Density Polyethylene (LDPE)
- Poly Vinyl Chloride (PVC)
- Others
- By Application:
- Food & Beverages
- Industrial Goods
- Consumer Product
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Stretch Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Stretch packaging is a type of packaging that uses stretch film to create an airtight seal. The film can be stretched around the product and then sealed with heat or pressure. This type of packaging is often used for food products, such as breads and cheese, because it helps to keep the food fresh.
Some of the key players operating in the stretch packaging market are Amcor, Berry Global, Amcor, Sigma Plastics, AEP Industries, DUO PLAST, Unnati Industrial, U.S. Packaging & Wrapping, Grafix Arts, Amcor.
The stretch packaging market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stretch Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Stretch Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stretch Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Stretch Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Stretch Packaging Market Size & Forecast, 2018-2028
4.5.1 Stretch Packaging Market Size and Y-o-Y Growth
4.5.2 Stretch Packaging Market Absolute $ Opportunity
Chapter 5 Global Stretch Packaging Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Stretch Packaging Market Size Forecast by Type
5.2.1 Linear Low Density Polyethylene (LLDPE)
5.2.2 Low Density Polyethylene (LDPE)
5.2.3 Poly Vinyl Chloride (PVC)
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Stretch Packaging Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Stretch Packaging Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Industrial Goods
6.2.3 Consumer Product
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stretch Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Stretch Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Stretch Packaging Analysis and Forecast
9.1 Introduction
9.2 North America Stretch Packaging Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Stretch Packaging Market Size Forecast by Type
9.6.1 Linear Low Density Polyethylene (LLDPE)
9.6.2 Low Density Polyethylene (LDPE)
9.6.3 Poly Vinyl Chloride (PVC)
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Stretch Packaging Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Industrial Goods
9.10.3 Consumer Product
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Stretch Packaging Analysis and Forecast
10.1 Introduction
10.2 Europe Stretch Packaging Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Stretch Packaging Market Size Forecast by Type
10.6.1 Linear Low Density Polyethylene (LLDPE)
10.6.2 Low Density Polyethylene (LDPE)
10.6.3 Poly Vinyl Chloride (PVC)
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Stretch Packaging Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Industrial Goods
10.10.3 Consumer Product
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Stretch Packaging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Stretch Packaging Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Stretch Packaging Market Size Forecast by Type
11.6.1 Linear Low Density Polyethylene (LLDPE)
11.6.2 Low Density Polyethylene (LDPE)
11.6.3 Poly Vinyl Chloride (PVC)
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Stretch Packaging Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Industrial Goods
11.10.3 Consumer Product
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Stretch Packaging Analysis and Forecast
12.1 Introduction
12.2 Latin America Stretch Packaging Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Stretch Packaging Market Size Forecast by Type
12.6.1 Linear Low Density Polyethylene (LLDPE)
12.6.2 Low Density Polyethylene (LDPE)
12.6.3 Poly Vinyl Chloride (PVC)
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Stretch Packaging Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Industrial Goods
12.10.3 Consumer Product
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Stretch Packaging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Stretch Packaging Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Stretch Packaging Market Size Forecast by Type
13.6.1 Linear Low Density Polyethylene (LLDPE)
13.6.2 Low Density Polyethylene (LDPE)
13.6.3 Poly Vinyl Chloride (PVC)
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Stretch Packaging Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Industrial Goods
13.10.3 Consumer Product
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Stretch Packaging Market: Competitive Dashboard
14.2 Global Stretch Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amcor
14.3.2 Berry Global
14.3.3 Amcor
14.3.4 Sigma Plastics
14.3.5 AEP Industries
14.3.6 DUO PLAST
14.3.7 Unnati Industrial
14.3.8 U.S. Packaging & Wrapping
14.3.9 Grafix Arts
14.3.10 Amcor
