New York, USA, July 05, 2022 (GLOBE NEWSWIRE) — Stretch and Shrink Film Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Stretch and Shrink Film Market Information by Resin, Product, Application, and Region – Forecast till 2030”, the market is estimated to grow at a 5.5% CAGR to reach USD 25.71 Billion by 2030.
Market Synopsis
The high stretchability and elasticity properties of stretch and shrink films make them desirable products in a number of end-use sectors. Stretch films are developed in a way that makes them easily stretchable and can be wrapped around different objects to provide protection from loss or damage. These films not only protect different objects from tampering but also bring down transportation and packaging costs.
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Report Scope:
| Report Attribute | Details |
| 2030 Market Size | USD 25.71 Billion |
| CAGR | 5.5% (2021–2030) |
| Base Year | 2020 |
| Forecast Period | 2021–2030 |
| Historical Data | 2019 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Resin, Product, Application and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increasing demand in consumer goods packaging |
| Increased demand for processed foods and drinks is the key |
Market Competitive Landscape:
Prominent…
