According to Stratistics MRC, the Global Stretch and Shrink Film market is anticipated to grow at a CAGR of 5.7% during the forecast period 2015 to 2022. Increased usage of industrial packaging, rapid growth in the food and beverage are the key factors driving the market. Competition from other forms of packaging is the major opportunity of the market. Increase in usage of LLDPE than LDPE is the major market trend. Asia Pacific region is estimated to witness a strong growing demand for stretch and shrink films from the manufacturing and packaging industries during the forecast period.
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Some of the key players in the market include IPS Packaging, Sealed Air, Dow Chemical Company, Eurofilms Extrusion, Coveris, LINPAC Group, Hipac PackagingSolutions, Intertape Polymer Group, AEP Industries, Berry Plastics, Bemis Co., Sigma Plastics, Aakriti Packaging, Alliance Plastics, American Eagle Packaging, W.W Grainger, Sigma Stretch Film, Silver Talent International and SmartShield Packaging.
Consumer product packaging
Bulk product packaging
Material goods packaging
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o New Zealand
o Rest of Asia Pacific
Rest of the World
o Middle East
o South Africa
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