Stretch & Shrink Film Market Growth Estimate, Strategy & Application

Stretch & Shrink Film also known as shrink film or shrink wrap, is done with a flexible polymer substance. The film is heated using a conveyor heat tunnel, an electric or gas heat gun, or both, causing it to shrink tightly around the object inside. A typical technique for safeguarding and packing a single item, such as toys, is shrink-wrapping. It is also used to help bundle different products together. It is utilised to package a range of packaged items, including soda, water bottles, and others. Both shrink and stretch film are recyclable. The three major types of films used in shrink-wrapping to secure and preserve goods for retail and transit settings are polyvinyl chloride, polyolefin, and polyethylene.

Stretch films are a category of flexible plastic-based packaging that can stretch other categories of flexible plastic-based packaging. These films have superior protection for bulk materials and may be stretched over a wide area, reducing environmental contamination throughout the logistical chain.

The market for stretch and shrink film is also anticipated to expand significantly as a result of the advancement of stretch film technology. For instance, SABIC's release of highly innovative packaging film made using a multilayer and polymer blend technology increases load stability for the packaging of food products, favourably impacting the market's expansion.

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Global Stretch & Shrink Film Market: Major Players
Bonset
Bolloré Group
FlexSol Packaging
Daman Polymers
Bemis
COVERIS
Exxon Mobil
Eurofilms Extrusion
Amcor
Dupont
AEP
Berry

Global Stretch & Shrink Film Market: Types
Bundling Stretch Film
Hand Stretch Film
Extended Core Stretch Film
Machine Stretch Film
Others

Global Stretch & Shrink Film Market: Applications
Food Packaging
Paper & Textile
Construction
Others

Global Stretch & Shrink Film Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Stretch & Shrink Film market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Stretch and Shrink Film Market Trend
1. Continuous development of new products by polymer manufacturers will further drive the market growth during the forecast years.
2. Demand for biodegradable plastic products is increasing rapidly in industrial and consumer goods applications, especially in the packaging industry.
3. The growing requirement for waste management has contributed to the growth of the bio-based plastic industry.
4. Bio-based resins are made from raw materials obtained from sugarcane, wood pulp, soybean, coffee, castor plant seeds, corn, and many other renewable sources.
5. Increasing adoption of bioplastics is one of the key stretches and shrink film market trends that is expected to impact the industry positively in the forecast period.
6. Eco-friendly initiatives by corporates and an abundance of raw materials for manufacturing bioplastics have also increased the use of biodegradable packaging.

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