About Stretch Packaging
Stretch packaging, also known as stretch wrap or pallet wrap, is a thin, flexible film typically made from linear low-density polyethylene. This material allows the film to stretch several times its original length without breaking, providing exceptional load containment. Stretch packaging is a widely used technique for securing and protecting palletized loads during transportation and storage. It involves wrapping a highly stretchable plastic film around the products, creating a tight, secure barrier that prevents shifting, damage, and pilferage.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 5.2% |
The global stretch packaging market is fragmented, with large and medium size players accounting for the majority of market profits. Many players are arranging various strategies, entering into merger and acquisition and introducing more effective stretch packaging. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Stretch Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sealed Air Corporation (United States), Pregis (United States), Intertape Polymer Group Inc. (Canada), Hanwha Corporation (South Korea), Constantia Flexibles Group GmbH (Austria), RR Donnelley & Sons Company (United States), ProAmpac (United States), Coveris Holdings S.A. (United States), Amcor Plc (Switzerland), Jindal Poly Films Ltd. (India), Winpak Ltd. (Canada), Flex Film Ltd. (India), Berry Global Group, Inc. (United States), Silgan Holdings, Inc. (United States) and Uflex Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Stretch Packaging market by Type (Hand Stretch, Machine Stretch, Pre-Stretched, Extended Core Stretch and Others) and Region.
On the basis of geography, the market of Stretch Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By Category, the sub-segment i.e. Recycled will boost the Stretch Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By End User, the sub-segment i.e. Healthcare will boost the Stretch Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Material, the sub-segment i.e. Low Density Polyethylene will boost the Stretch Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Increasing Demand of Recycled and Renewable Stretch Packaging
Market Growth Drivers:
Rising Consumption of Packaged Food & Beverages and Growing Demand for Sustainable Packaging are Driver for the Market Growth
Challenges:
Competition from Alternative Packaging Solutions
Restraints:
A Key Challenge in Global Stretch Packaging Market is Ensuring a Consistent and Sustainable Supply of Raw Material, Variability in Material Quality can Impact on Product Quality and Lack of Availability of Advance Equipment
Opportunities:
The Growing E-commerce Industry Present a Significant Opportunity for Stretch Packaging. Its Protective Qualities Makes it well suited for Shipping Fragile Items, Reducing Risk of Damage During Transport
Market Leaders and their expansionary development strategies
In March 2023, Berry Global, a leading provider of plastic packaging solutions, acquired RPC Group, a European specialist in rigid plastic packaging. This acquisition strengthens Berry Global's position in the stretch film market and expands its geographic reach.
In November 2023, Pregis, a leading provider of protective packaging solutions, introduced a new line of stretch film made with bio-based content. This product offers improved sustainability compared to traditional stretch film while providing the same performance and reliability.
Key Target Audience
Stretch Packaging Manufacturer, End User, Government Bodies, Suppliers & Distributors, Research Organization, New Entrances, Raw Material Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.