Published by Uma Rajagopal
Posted on January 6, 2022
Rising demand for lightweight and environmentally sustainable materials for packaging is expected to propel growth in the stretch films market, finds Future Market Insights (FMI) in a new study. Stretch films are highly engineered stretchable films used in packaging applications due to their elasticity and pliability. They are used to provide superior packaging since they possess moisture and air resistance properties.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7383
Increasing demand in ecommerce and food & beverages sector for bulk packaging is expected to drive the market growth. These films ensure strong and time saving packaging, making it a popular product in the market. Increasing caution regarding hygiene and concerns regarding the environment have increased demand for stretch films as they provide air tight packaging and can be recycled or incinerated following usage.
Key Takeaways from the Stretch Films Market Report
“Restrictions imposed on single use plastic and plastic bags across various nations have been posing threat to market players. These regulations have been encouraging paradigm shift to eco-friendly materials. Some of the leading manufacturers are committing to sustainability by introducing recycled stretch films. The market is expected to gain momentum as it transitions towards eco-friendly alternatives of polyethylene and other plastics used as material sources,” says an analyst at FMI.
COVID-19 Impact Analysis
The COVID-19 pandemic has affected most sectors including the stretch films market. There had been a decrease in demand for stretch films, which has in turn adversely affected the industry. Lack of availability of raw materials due to transport restrictions and fluctuating material prices have been hindering growth. According to FMI, the market’s growth receded below 1% CAGR in 2020. Nonetheless, it is expected to gradually recover 2021 onwards. Increasing demand for safe packaging is expected to increase growth in the market following the pandemic.
For critical insights on this market, request to ask an expert here @ https://www.futuremarketinsights.com/ask-question/rep-gb-7383
Who Is Winning?
Companies operating in the market are alternatives to increase sustainability. Innovations and advancements by leading players are intended to gain competitive advantage in the market.
Megaplast introduced ‘Fiber Stretch Films’ that contain 30% PCR content that enable recycling and are an eco-friendly choice.
Barbier Group’s Recyplast is integrated using 20% of real post consumer waste. Their down gauged films display 15% cost reduction.
Some of the key players in the stretch films market are Dow Chemical Company, Norflex, ERGIS Group, Veritiv Corporation, Berry Plastics, Paragon Films, Intertape Polymer Group, AEP Industries Inc., Sigma Stretch Film Crop., Anchor Packaging Inc., Scientex Berhad, Coveris Inc., Smurfit Kappa Group, Vishakha Polyfab, Allen Plastic Industries Co. Ltd., Interplast Group and Manuli Stretch.
Valuable Insights into The Stretch Films Market Report
Future Market Insights (FMI) has presented a detailed analysis on the stretch films market with an assessment for the years 2020-2030. The market has been segmented in order to provide enhanced comprehension. On the basis of material, the market is divided into polyethylene (linear low density polyethylene [LLDPE] and low density polyethylene [LDPE]), polypropylene (PP), polyvinyl chloride (PVC) and others. The LLDPE segment is predicted to dominate the market due to its strong packaging abilities and varied usage.
For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-7383
The market is segmented based on the manufacturing process into cast stretch film and blown stretch film. On the basis of end use, the market is segregated into constructions, food & beverages, pharmaceuticals, consumer product, paper, textile and chemicals & fertilizers. The food and beverages industry display major growth due to increased demand for air resistant materials in packaging. Based on the geography, the market is divided into North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa and Oceania.
Explore wide-ranging Coverage of FMI’s Packaging Market Insights Landscape
Plastic Healthcare Packaging Market – The demand for plastic healthcare packaging will rise at a compound annual growth rate (CAGR) of 5.1% between 2021 and 2031. Blister and bottle segments are expected to create a cumulative incremental opportunity of US$ 2.3 billion, by the end of 2031.
Plastic Jar Packaging Market – As indicated by Future Market Insights’ (FMI’s) analysis, the overall plastic jar packaging sales are expected to reach 175,770 Mn units at year-on-year (YoY) growth of 2.9% in 2021.
Parchment Paper Market – Future Market Insights (FMI) projects the parchment paper market to surpass US$ 959 million by 2021. The overall valuation is expected to reach US$ 1.6 billion by 2031, growing at a CAGR of 5.8% for 2021-2031.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/stretch-films-market
Rising demand for lightweight and environmentally sustainable materials for packaging is expected to propel growth in the stretch films market, finds Future Market Insights (FMI) in a new study. Stretch films are highly engineered stretchable films used in packaging applications due to their elasticity and pliability. They are used to provide superior packaging since they possess moisture and air resistance properties.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7383
Increasing demand in ecommerce and food & beverages sector for bulk packaging is expected to drive the market growth. These films ensure strong and time saving packaging, making it a popular product in the market. Increasing caution regarding hygiene and concerns regarding the environment have increased demand for stretch films as they provide air tight packaging and can be recycled or incinerated following usage.
Key Takeaways from the Stretch Films Market Report
“Restrictions imposed on single use plastic and plastic bags across various nations have been posing threat to market players. These regulations have been encouraging paradigm shift to eco-friendly materials. Some of the leading manufacturers are committing to sustainability by introducing recycled stretch films. The market is expected to gain momentum as it transitions towards eco-friendly alternatives of polyethylene and other plastics used as material sources,” says an analyst at FMI.
COVID-19 Impact Analysis
The COVID-19 pandemic has affected most sectors including the stretch films market. There had been a decrease in demand for stretch films, which has in turn adversely affected the industry. Lack of availability of raw materials due to transport restrictions and fluctuating material prices have been hindering growth. According to FMI, the market’s growth receded below 1% CAGR in 2020. Nonetheless, it is expected to gradually recover 2021 onwards. Increasing demand for safe packaging is expected to increase growth in the market following the pandemic.
For critical insights on this market, request to ask an expert here @ https://www.futuremarketinsights.com/ask-question/rep-gb-7383
Who Is Winning?
Companies operating in the market are alternatives to increase sustainability. Innovations and advancements by leading players are intended to gain competitive advantage in the market.
Megaplast introduced ‘Fiber Stretch Films’ that contain 30% PCR content that enable recycling and are an eco-friendly choice.
Barbier Group’s Recyplast is integrated using 20% of real post consumer waste. Their down gauged films display 15% cost reduction.
Some of the key players in the stretch films market are Dow Chemical Company, Norflex, ERGIS Group, Veritiv Corporation, Berry Plastics, Paragon Films, Intertape Polymer Group, AEP Industries Inc., Sigma Stretch Film Crop., Anchor Packaging Inc., Scientex Berhad, Coveris Inc., Smurfit Kappa Group, Vishakha Polyfab, Allen Plastic Industries Co. Ltd., Interplast Group and Manuli Stretch.
Valuable Insights into The Stretch Films Market Report
Future Market Insights (FMI) has presented a detailed analysis on the stretch films market with an assessment for the years 2020-2030. The market has been segmented in order to provide enhanced comprehension. On the basis of material, the market is divided into polyethylene (linear low density polyethylene [LLDPE] and low density polyethylene [LDPE]), polypropylene (PP), polyvinyl chloride (PVC) and others. The LLDPE segment is predicted to dominate the market due to its strong packaging abilities and varied usage.
For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-7383
The market is segmented based on the manufacturing process into cast stretch film and blown stretch film. On the basis of end use, the market is segregated into constructions, food & beverages, pharmaceuticals, consumer product, paper, textile and chemicals & fertilizers. The food and beverages industry display major growth due to increased demand for air resistant materials in packaging. Based on the geography, the market is divided into North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa and Oceania.
Explore wide-ranging Coverage of FMI’s Packaging Market Insights Landscape
Plastic Healthcare Packaging Market – The demand for plastic healthcare packaging will rise at a compound annual growth rate (CAGR) of 5.1% between 2021 and 2031. Blister and bottle segments are expected to create a cumulative incremental opportunity of US$ 2.3 billion, by the end of 2031.
Plastic Jar Packaging Market – As indicated by Future Market Insights’ (FMI’s) analysis, the overall plastic jar packaging sales are expected to reach 175,770 Mn units at year-on-year (YoY) growth of 2.9% in 2021.
Parchment Paper Market – Future Market Insights (FMI) projects the parchment paper market to surpass US$ 959 million by 2021. The overall valuation is expected to reach US$ 1.6 billion by 2031, growing at a CAGR of 5.8% for 2021-2031.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/stretch-films-market
Explore more articles in the Research Reports category
