Global Hand Wrap Stretch Films Market: Overview
Hand Wrap Stretch Films are used to manually secure goods and loads for shipping and storage purposes. Hand wrap stretch films improve stability and decrease the risk of damage to goods during transportation. Hand wrap stretch films are manufactured using two methods: blown and cast. Hand wrap stretch films manufactured using the blown method offer high-puncture resistance and excellent load-holding force and prevent heavier items from shifting during transport. Hand wrap stretch films also offer load stabilization and superior cling, which helps in securing both uniform and irregular loads. Hand wrap stretch films made using cast method are suitable when puncture and tear resistance is required during transportation. Banding hand stretch films offer aggressive cling for top banding pallets and for securing, unitizing and bundling smaller items. Colored hand wrap stretch films are also available in the market and are used for identification, process differentiation and theft protection. These flexible and durable hand wrap stretch films give operators an easy way to secure pallets and others loads, while offering additional protection to products. Consumers can choose from a variety of formats, gauges and sizes, depending upon the application. Hand wrap stretch films are available in three, five, seven and eleven layer versions. Thinner gauge hand wrap stretch films are manufactured to offer significant performance and save cost. Biodegradable hand wrap stretch films are gaining traction among consumers and are the perfect solution as they are environment-friendly.
Global Hand Wrap Stretch Films Market: Dynamics
Hand wrap stretch films made using the blown method are expected to account for higher share than the cast hand wrap stretch films during the forecast period. Growth in hand wrap stretch films market is being propelled by various features of these films, such as superior load retention, toughness, puncture resistance and superior cling. Liner low density polyethylene and low density polyethylene are widely used in poly vinyl chloride and polypropylene hand wrap stretch films. Hand wrap stretch films improve packaging process time and have great load containment. The biggest drivers for the hand wrap stretch films is the fact they are user friendly, cost effective, energy efficient and a better alternative to shrink film products. Continuously growing demand for hand wrap stretch films for product packaging as well as for protection and bundling during transport and storage will also boost their demand. Demand is also expected to increase due to growing popularity of club stores and other mass market retailers that use hand wrap stretch films for multipack items and pallet wraps for warehousing. Blown hand wrap stretch films allow optimal film consumption values with high retaining forces. Clear cast hand wrap stretch films are capable of stretching up to 100%, which contributes to its excellent resistance against tearing. The Hand wrap stretch films market is expected to witness positive growth during the forecast period owing to growing applications of these films in transport packaging.
Global Hand Wrap Stretch Films Market: Segmentation
The global hand wrap stretch films market has been segmented on the basis of manufacturing process into:
- Cast Method
- Blown Method
The global hand wrap stretch films market is segmented on the basis of material into:
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
- High Density Polyethylene
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Poly lactic Acid (PLA)
The global hand wrap stretch films market is segmented on the basis of thickness (gauge) into:
- Up to 50 gauge
- 50 gauge to 100 gauge
- 100 gauge to 120 gauge
- 120 gauge and above
The global hand wrap stretch films market is segmented on the basis of end-use industry into:
- Food & Beverage
- Personal Care & Cosmetics
- Transport & Logistics
Global Hand Wrap Stretch Films Market: Regional Outlook
Hand wrap stretch films have been used in the U.S. for quite some time. Hand wrap stretch films are used mainly as a cost effective solution for primary packaging and unitization in the U.S. Emerging economies, such as China and India, are anticipated to provide huge growth opportunities for global hand wrap stretch films market. Plastic packaging represents almost 40% of Germany plastic market and due to environmental concerns, consumers are expected to switch to bioplastic hand wrap stretch films. The U.S. is estimated to hold highest share of the global hand wrap stretch films market during the forecast period.
Global Hand Wrap Stretch Films Market: Key Manufacturers
- Duo Plast AG
- Berry Plastics
- Shorr Packaging Corp.
- TPG Packaging Group
- International Plastics
- Paragon Films
- Millwood Incorporated
- Industrial Packaging
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.