Dallas,TX (PRWEB) December 11, 2014
With growth in the packaging industry, the global market for stretch and shrink film has also witnessed a steady growth. Stretch and shrink film are made of polymer plastic material and are used in a wide variety of applications. They are primarily used in packaging as they are moisture and air resistant. The global stretch and shrink film market is expected to grow at a compound annual growth rate of 4.78% during the period from 2014 to 2019. With technological advancement, there has been development of high-grade plastic films. This is in turn propelling the growth of the global stretch and shrink film market. One of the emerging trends in the market is the increase in the use of linear low-density polyethylene (LLDPE) in comparison to Low-density polyethylene (LDPE). LLDPE is preferred over LDPE as it requires higher strength to absorb impact while minimizing tearing or puncture. Increased demand for pallet unitization films is one of the key drivers in the market.
The market for stretch and shrink films is highly fragmented and there are many small and medium enterprises present in the industry. Key players in the global stretch and shrink film market are Berry Plastics, AEP Industries, Bemis Company, and Amcor Ltd. Other important vendors in the market are Wrap & Vac, U.S. Packaging & Wrapping, Pelican Poly & Pallets, Om Polymers, MRI Flexible Packaging, Kissner Group, MG Packaging (India), Exxon Mobil Chemical, Dow Chemical Company, Alliance Plastics, Bollore, Aakriti Packaging, Allied Plastics (Mumbai, India), American Eagle Packaging, AmTopp, Baoding Enshi Pack, Bonset America, Daman Polymers (India), Coveris, Eurofilms Extrusion, FlexSol Packaging, Genuine Package Venture, Hipac Packaging Solutions, Groupe BARBIER, Hood Packaging, Intertape Polymer Group, IPS Packaging, ITW Mima Packaging Systems, Just Shrink It, Klockner Pentaplast, LINPAC Group, LINXPAK, Luban Pack, LyondellBasell, Makhija Polyfilms, Malpack, Manuli Stretch, McNeely Plastics, Muller LCS, Omeirun Industry, P.V.Ran, Paragon Films, Pep Cee Pack Industries, Polivouga, Sealed Air, Sigma Plastics Group, Sigma Stretch Film, Silver Talent International, SmartShield Packaging, Taghleef Industries, W.W Grainger, and Vaibhav Plasto Printing and Packaging. Major enterprises are stepping up their research and development activities to come up with new and innovative products in the market.
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The global market for stretch and shrink film can be segmented on the basis of type of films, application, and geographical regions. According to application, the global stretch and shrink film market can be categorized into beverage packaging, food packaging, consumer product packaging, material goods packaging, pharmaceuticals packaging, and industrial/bulk product packaging. One of the biggest challenges to the growth in the market is competition from other forms of packaging. Key regions of the market are Americas, Asia-Pacific and EMEA.
The report Global Stretch and Shrink Film Market 2015 - 2019 is an in-depth and professional report which encompasses the present scenario and growth prospect of the market. The report also covers market size, key market trends, drivers and their impacts, opportunities and challenges, key vendors, threats, and strengths and weaknesses of key vendors.
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Global Stretch and Shrink Film Market Segmentation
Exhibit 3: Market Segmentation by Type
Exhibit 4: Market Segmentation by Application
Exhibit 5: Market Segmentation by Geography
Exhibit 6: Global Stretch and Shrink Film Market 2014-2019 (US$ billion)
Exhibit 7: Global Stretch and Shrink Film Market Segmentation by Type
Exhibit 8: Global Stretch and Shrink Film Market Segmentation by Type 2014
Exhibit 9: Global Stretch and Shrink Film Market Segmentation by Type 2014-2019
Exhibit 10: Global Stretch and Shrink Film Market Segmentation by Type 2014-2019 (US$ billion) and more.
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One major trend emerging in this market is the increase in consumer preference for plastic packaging. Plastic packaging material offers durability and versatility and is therefore gaining in popularity with industrial buyers.
Key players in the Global Container and Packaging Market: Amcor, Ball, Crows Holdings, International Paper and Rock-Tenn.
One of the major trends in the market is the increased demand for premium packaging. Because packaging plays a major role in the sale of any product, companies have come up with premium packaging solutions. Customers prefer to buy products that have good packaging designs and premium labeling.
Key players in the Global Consumer Packaging Market: Amcor Ltd., Crown Holdings Inc., Owens-Illinois Inc., Rexam plc and Tetra Pak International SA.
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