North America Stretch and Shrink Film Market Segments, Drivers Forecast 2022-28

The research report "North America Stretch and Shrink Film Market: by Resin (LLDPE, LDPE, PVC, and Others), By Application (Food & beverage, Industrial packaging, Consumer goods, Pharmaceutical), By Product Type (Hoods, Sleeves and labels, Wraps), and Geography- Global/Region/Country Forecast to 2028. The north america stretch and shrink film market is anticipated to grow at a CAGR rate of x% during the estimated forecast time span 2022-2028.

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An overview on the North America Stretch and Shrink Film Market:
The economy is the leading manufacturer of processed food that finds high use of stretch films in primary and secondary packaging. The demand for LLDPE based films in food processing industry is anticipated to grow on account of high transparency coupled with best performance as a food contact material. Increasing demand for the product because of the food processing industry has led to an increasing consumption of the product. Moreover, high product demand food items such as vegetables and fruits are also anticipated to boost the market growth over the forthcoming years. But, the use of alternative packaging material and high degree of volatility due to the fluctuating crude oil costs which further impart a degree of uncertainty in the cost of shrink films may hamper the stretch and shrink film market growth during the forecast period.

One of the major factors driving the market growth is the fast growth in the food and beverage sector. This sector is projected to be the main customer for plastic packaging stretch and shrink films during the estimation period. One more factor which is estimated to facilitate market growth during the estimation period is the inherent property of plastics to mold into different sizes and shapes for the transportation, consumption and storage of edible items. The market is likely to witness major growth owing to the technological innovations with respect to stretch films.

Canada accounted for major share in the North America Stretch and Shrink Film Market:
North America stretch and shrink film market report aims at providing complete outlook on stretch and shrink film market across the regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. North America stretch and shrink film market has profitable growth due to the presence of several consumer goods manufacturing companies such as Groupo Bimbo in Canada is projected to result in a high demand for the product. The use of the product for secondary packaging of products such as household, beverages and personal care products is expected to compel the industry growth.

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Competitive analysis - North America Stretch and Shrink Film Market
Major players operating in the North America stretch shrink and film market are Anchor Packaging, Berry Plastics, AEP Industries Inc., Bemis Company Inc. and Dow Chemical Company. These players in the market focus on adopting major strategies to enhance the product portfolio.

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