Stretch Packaging Market Segments, 4.7% of CAGR, Trends, Statistics by Forecast 2023 | Global Stretch Packaging Market information by Material (Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Poly vinyl chloride (PVC) and others), by Application (Food & Beverages, Industrial goods, Consumer product, and Others) and By Region - Global Forecast To 2023.
Market Overview
Stretch packaging is a method wherein stretchable plastic film is wrapped around a load of products that helps hold the load tightly together. This kind of packaging is generally applied for palletizing food items for transportation or storage purpose. They serve as ideal primary packaging solution. Market Research Future (MRFR) has recently published an in-depth report on the global stretch packaging market, covering valuable market insights that have been derived after thorough analysis of the pertinent trends and factors affecting the growth of the market. MRFR analysis has projected a CAGR of 4.7% in the stretch packaging market over the forecast period of 2017-2023.
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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.
Segmentation
The global stretch packaging market has been segmented based on material and application.
By material, the stretch packaging market has been segmented into Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), and Poly vinyl chloride (PVC). The Low Density Polyethylene segment is leading the market. LDPE is one of the most commonly used packaging material.
The LLDPE is anticipated to be record the highest CAGR over the forecast period. 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
Regional Analysis
Region-wise, the stretch packaging market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
APAC is likely to command the largest share of the global stretch packaging market over the forecast period. The growth of the market can be attributed to the rising disposable income in the region which has increased the consumption of packaged consumables in the region, thereby fuelling the growth of the market. The major packaging players are looking to capitalize on the opportunity offered by the APAC region, Availability of relatively cheap labour, low operating cost, and expanding F&B industry are keys to market growth. Fast-track urbanization in the region has resulted in people leading lifestyles which has increased their reliance on packaged food products which has further generated demand for stretch packaging market.
The markets in North America and Europe are relatively mature and are losing market share to the developing economies. Ecological concern against PVC in Europe and North America has affected the growth of the market. The MEA stretch packaging market is being driven by continued demand from the manufacturing sector as well as growing F&B industry.
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The stretch packaging market is expected to grow over the CAGR of around 4.7% during the period 2017 to 2023.Market HighlightsThe growth in import export activities among the countries, increases the shipping of products, which drives the growth of the market.
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.Get Free Sample @ https://www.marketresearchfuture.com/reports/stretch-packaging-market-4423Market Research AnalysisGlobal 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).
PVC is a dense material and 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.
Increased consumption of food & beverages across the globe drives the demand of beverages.Scope of the ReportThis study provides an overview of the global stretch packaging market, tracking three market segments across four geographic regions.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the vented stretch wrap market include Landsberg, Crawford packaging, AEP industries, Deriblok, Mima films, Western plastics, Dunia pack, Crocco, Megaplast, Duo plast, and Tamanet USA.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Vented Stretch Wrap Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/vented-stretch-wrap-market/download-sampleMarket DynamicsThe growing preference for the use of bioplastic materials for packaging in multiple industries is the major factor driving the vented stretch wrap market.
The rapidly growing food and beverage sector, the pharmaceutical industry, leads to high, wide-mouth jar demand from these industries.
The Increasing demand for the replacement of metal and all other materials that are not environmentally friendly and are not durable is stimulating high market demand in the forecast period.
Moreover, the rising advancements occurring in end-user industries compelling vented stretch wrap manufacturers to work on upgrading the quality of their products is likely to create lucrative growth opportunities for key players of the vented stretch wrap market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
