Global Stretch and Shrink Film Market
Global Stretch and Shrink Film Market Overview:
Based on Resin, the Low-density polyethylene (LDPE) segment dominated the market. The availability of LDPE films in a range of gauges and sizes, as well as the ability to cover and display the product on shelves, all contribute to expanded product applicability. The films have an advantage over other packaging options due to their durability for use on irregularly shaped loads and situations where clarity and other visual aspects are paramount. Rising demand from the consumer products production industry, owing to the resin's excellent seal, shelf life, and printability, is likely to propel the segment forward. Because of the growing e-commerce sector, the Global Linear low-density Polyethylene (LLDPE) stretch and shrink film market is likely to grow significantly throughout the projected period. Factors such as increased consumer health consciousness and a shift toward smaller packaging sizes due to the rise of nuclear homes in developed nations are expected to drive the segment's growth in the future years.
Market Scope:
The report also focuses on the leading industry players in the Global Stretch and Shrink Film market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
Global Stretch and Shrink Film Market is segmented by Form, by grade, by process type, by End User and by Region. By grade, Reinforced PEI held 61.34% of market share in 2019 and is expected to keep its dominance over forecast period. There are two types of Reinforced PEI, namely, glass reinforced and fiber reinforced. Among these Glass reinforced PEI is largely adopted as it provides greater dimensional stability and improved electrical and mechanical properties while retaining excellent processibility.
By end user, transportation held 37.98% of market share in 2019 and is expected to keep its dominance over forecast period. ThePolyetherimide (PEI)is largely used in manufacturing of automotive interior components, handles, bumpers, bezels, electromechanical systems, thermostat housings and lamp sockets. The electrical & electronics segment is expected to hold second-largest market share of the Global Stretch and Shrink Film market. The use of PEI has been increasing due to its ability to replace metal and other thermosets and bulk molding compounds. PEI is apt for applications that require high heat resistance, strength, and chemical resistance. The largest application of PEI is in the electrical and lighting systems, followed by under-the-hood applications.
Global Stretch and Shrink Film Market: Regional Analysis
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Global Stretch and Shrink Film market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Global Stretch and Shrink Film industry.
• Dow
• Bemis
• LyondellBasell
• Linpac Senior Holdings Limited
• Bonset America Corporation
• Groupo Barbier
• SABIC
• Allied Plastics
• Genuine Package Venture
• Mitsubishi Plastics, Inc.
• Polymer Group Inc.
• Berry Global Group, Inc.
• Sigma Stretch Film Corp.
• Anchor Packaging, Inc.
• Four-Star Plastics
• Other Key Players
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Global Stretch and Shrink Film market in these regions.
COVID-19 Impact Analysis on Global Stretch and Shrink Film Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Global Stretch and Shrink Film market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Global Stretch and Shrink Film Market Report are:
What will be the CAGR of the Global Stretch and Shrink Film market during the forecast period?
Which segment emerged as the leading segment in the Global Stretch and Shrink Film market?
Which are the prominent players in the Global Stretch and Shrink Film market?
What will be the Global Stretch and Shrink Film market size by 2027?
Which company held the largest share in the Global Stretch and Shrink Film market?
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