Stretch Packaging Market Overview:
The growth in import export activities among the countries, increases the shipping of products, which drives the growth of the market. Stretch packaging is used to hold the loads and products together on a pallet for the purpose of transportation or storage. This packaging is transparent, which makes it suitable for retail & wholesale display, and ideal for general marketing purposes, due to its clear surface. These factors also impact the growth of the market, positively. However, the availability of cheap alternatives may hamper the growth of the market.
Stretch packaging market is projected to grow at a CAGR of 4.7% during the forecast period 2018-2023.
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Key Players
The prominent players in the stretch packaging market include:
- Bemis Company Inc. (U.S.)
- Berry Global Inc. (U.S.)
- Amcor Ltd (Australia)
- Sigma Plastics Group Inc. (U.S.)
- AEP Industries Inc. (U.S)
- DUO PLAST AG (Germany)
- Unnati Industrial Corporation (Inda)
- U.S. Packaging & Wrapping LLC (U.S.)
- Grafix Arts (U.S.)
Segments and Regional Analysis
On the basis of regions, global stretch packaging market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific dominates the global stretch packaging market. It is expected to be the fastest growing region for the market. Rapid growth in food and beverage industry drives the market growth here. Growing industrialization and urbanization in developing countries such as China and India, coupled with the growth in the Asia-Pacific region, provides boost to the market. Additionally, the availability of raw materials and low labor cost, together form a positive influence on the market growth. North America is also expected to contribute significantly during the forecast period. Increased consumption of beverages fuels the growth of the market. Latin America and Middle-East & Africa regions are also expected to show a positive growth over the forecast period due to rising demand from the manufacturing sector.
Global stretch packaging market has been segmented based on material, application and region. On the basis of material, the market is segmented as Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly vinyl chloride (PVC). Low Density Polyethylene dominates the material segment of the market. Majority of the end users use LDPE for stretch packaging. LLDPE is expected to be the fastest growing material segment. PVC is a dense material. It is considered a common material in India, when clarity is an important selection criterion, particularly for consumer packaging. 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.
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Scope Of Report
The report for Global Stretch Packaging Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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
Continued…..
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Stretch Packaging Market Research Report – Global Forecast to 2023 @ https://www.marketresearchfuture.com/reports/stretch-packaging-market-4423
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