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The global packaging industry is expected to grow in the forecast period due to wide applications in industries like healthcare, food and drinks, cosmetics and other consumer as well as industrial good industries. Stretch films are highly engineered polythene films which are used in packaging goods. These films are used because of their elasticity and flexibility. Stretch films are primarily used to wrap the pallet loads because of their special properties of being moisture and air resistant which prevents the goods from getting damaged and thus enhancing the quality of these goods.  

Stretch Films Market - Overview

Demand for stretch films is expected to grow in future because of the rising demand of packaging industry for the protection of goods during distribution. Stretch films market is expected to grow with a high CAGR and is one of the most lucrative segments of the packaging sector. Stretch films market is a growing market and is expected to create a lot of opportunities in future. Stretch films are commonly used in packaging industry to combine small individual items into pallets and it also protects these products from getting damaged during storage or shipment.

Stretch Films Market - Dynamics

The biggest driving force for stretch films market is that, it is cost effective, user-friendly, more energy efficient, faster and a better option than shrink film products. The other driving force for the stretch films market is the growing R&D’s which produce new products that provides more efficiency than the older ones. The growing retail industry and hypermarkets which are usually cited outside the city requires stretch film products to send their goods resulting in increasing the demand of stretch films.

Few of the major restraints in the stretch films market are the rising raw materials cost, availability of cheap alternatives, and environmental concerns. Growing demand of packaging products has increased the consumption of plastics which requires a proper disposal of these products resulting in increasing the environmental concerns among the stretch films manufacturers.

Stretch Films Market - Segmentation

The stretch films market is segmented on the basis of the product type, by materials used, application, and region.

On the basis of the type of products, the stretch films market is divided into wrap, hoods, stretch labels, and sleeves.

On the basis of the type of materials used, the stretch films market is segmented into polyethylene, polypropylene, and poly vinyl chloride.

On the basis of the applications, the stretch films market is segmented into product packaging, food packaging which includes meat, poultry and seafood, dairy, fresh produce, other foods, beverages, paper and textile products, consumer products and other packaging products.

On the basis of geographies, the stretch films market is segmented across 7 key region; Latin America, North America, Japan, Asia Pacific excluding Japan, Western Europe,  Eastern Europe and Japan. Stretch films market has the highest market in North America because of the increasing sales in retail items and the increased use of stretch films in industries. But Japan, Western Europe and North America are mature markets for packaging industry and the market is expected to grow only on the basis of demographics or new products launch. China is expected to have a high market share in the stretch films market because of the growing urbanization.

Key Market Players:

Few of the major key players active in the stretch films market includes Allen Plastic Industries Co. Ltd, Vishakha Polyfab, four star plastics, Griff paper and film, CS Hyde company, International plastics Inc, Bagla group of companies, and Italdibipack group.

Stretch films market is expected to grow considerably in the coming years because of the amount of opportunities it creates by designing innovative packaging products for the consumers and industries.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Stretch Films Market

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