Published Market Report by RationalStat | Global Stretch Film Market Expands to US$ 3.6 Billion by 2030, Fueled by Sustainability and Diversification

The global stretch film market is expected to reach US$ 3.6 billion by 2030, with an annual growth rate of more than 5.2%

Global Stretch Film Market is valued at US$ 2.5 billion in 2023 and is expected to grow at a significant CAGR of over 5.2% over the forecast period of 2023-2030, according to the published market report by RationalStat

Market Definition, Market Scope, and Report Overview

Stretch films are often preferred for their cost-effectiveness and efficiency in packaging. They offer a lightweight and flexible solution for bundling and securing products, reducing packaging costs compared to other materials, this cost-effective characteristic of stretch films is anticipated to drive demand within the stretch film market.

In addition, the expansion of manufacturing activities and the global logistics sector, particularly in industries such as food and beverage, pharmaceuticals, and retail, was driving the demand for stretch films for packaging and palletizing, further expanding the stretch film market.

• According to a deep-dive market assessment by RationalStat, the global stretch film market has been analyzed on the basis of market segments, including type, material, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global stretch film market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global stretch film market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Stretch Film Market: Segmental and Market Share Analysis
• On the basis of material, LLDPE is anticipated to dominate the market, primarily due to its high tensile strength, and puncture resistance.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 2.5 billion
Market Size Forecast US$ 3.6 billion
Growth Rate 5.2%

Key Market Drivers
• Rising manufacturing and logistics industry
• Rising e-commerce activities
• Advancements in stretch film materials and technology

Companies Profiled
• Vishakha Polyfab
• Four Star Plastics
• CS Hyde Company
• Allen Plastic Industries Co. Ltd
• Griff Paper and Film
• International Plastics, Inc
• Bagla Group of Companies
• Berry Global
• AEP Industries Inc
• Coveris Inc
• Smurfit Kappa Group
• Paragon Films Inc

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global stretch film market include,
• In February 2022, Coveris introduced new range of stretch films. The stretch films consist of a min. 30% recycled content, thus reducing reliance on virgin plastic, and in addition meets the UK Plastic Packaging Tax (PPT) requirements.

Some of the prominent players and suppliers operating and contributing significantly to the global stretch film market growth include Vishakha Polyfab, Four Star Plastics, CS Hyde Company, Allen Plastic Industries Co. Ltd, Griff Paper and Film, International Plastics, Inc, Bagla Group of Companies, Berry Global, AEP Industries Inc, Coveris Inc, Smurfit Kappa Group, and Paragon Films Inc, among others.

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RationalStat has segmented the global stretch film market based on type, material, end user and region
• Global Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
o Hand Stretch Film
o Machine Stretch Film
o Others (Reinforced Stretch, etc.)
• Global Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Material
o Polyethylene
o Linear low-density polyethylene
o Low-density polyethylene
o Polypropylene
o Polyvinyl Chloride
• Global Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
o Food & Beverages
o Pharmaceutical
o Personal Care
o Electronics
o Paper & Textile
o Others
• Global Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Stretch Film Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Stretch Film Report:
• What will be the market value of the global stretch film market by 2030?
• What is the market size of the global stretch film market?
• What are the market drivers of the global stretch film market?
• What are the key trends in the global stretch film market?
• Which is the leading region in the global stretch film market?
• What are the major companies operating in the global stretch film market?
• What are the market shares by key segments in the global stretch film market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
Kimberly Shaw,
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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