Enjoy complimentary customisation on priority with our Enterprise License!
The stretch and shrink film market size is forecast to increase by USD 3.57 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth due to several key factors. The expanding retail sector is driving demand for this packaging material, particularly in the cargo transportation of goods. Lightweight stretch and shrink films are increasingly popular in various industries, including the personal care sector, where they are used for packaging body care, skincare, and cosmetics products. In the hand care products segment, these films ensure the protection of items from exposure to electrical wires and damage during transit. Moreover, the smartphone industry's increasing demand for sleek and compact packaging is also contributing to the market's growth. However, challenges persist, such as the volatility in raw material prices and the need for films with low oxygen transmission rates for food packaging applications, particularly in the meat and cheese sectors. Bioplastics, an emerging trend, offer a sustainable solution to these challenges, making them a promising area of focus for market participants.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.