Stretch Packaging Market Outlook, Strategies, Industry, Growth Analysis, Future Scope, Key Drivers| Forecast To 2023
Rising sale of retail items coupled
with increasing e-commerce sales, fuels the growth of the stretch packaging
market.
Market
research future published a half-cooked research report on Global Stretch Packaging Market that
contains the information from 2017 to 2023. Global is expected to grow
with the CAGR of approximately 4.7% from 2017 to 2023.
Taste the market data and market information presented
through more than 85 market data tables and figures spread in 140 numbers of
pages of the project report. Avail the in-depth table of content TOC &
market synopsis on “Global Stretch Packaging Market Information from 2017 to
2023"
Stretch
packaging is defined as stretchable, elastic, continuous thin plastic film,
which is wrapped around the items for protection from the environment or to unitize
for handling, storage or shipping. This packaging offers the added benefit of
dust and moisture protection inside
warehouse and during transportation. Rising sale of retail items coupled
with increasing e-commerce sales, also fuels the growth of the market. However,
increasing environmental concerns may hamper the growth of the market.
The
global stretch packaging market is projected to grow at a CAGR of 4.7% during
the forecast period.
Asia-Pacific region dominates the global stretch
packaging market
On
the basis of regions, global stretch packaging market is segmented as North
America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific
dominates the global stretch packaging market. It is expected to be the fastest
growing region in the market. Rapid growth of food and beverage industry drives
the market growth in the region. Along with the growth of the Asia- Pacific
region, industrialization and urbanization in developing countries such as
China and India, also provide boost to the overall market growth. Additionally,
availability of raw materials and low labor cost are the factors have the
positive influence on the growth of the market.
North
America is also expected to contribute significantly during the forecast
period. Increased consumption of beverages fuels the growth of the market.
Latin America and Middle-East & Africa regions are also expected to show a
positive growth over the forecast period due to rising demand from the
manufacturing sector.
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The prominent players in the stretch
packaging market include Bemis Company, Inc. (U.S.), Berry Global, Inc. (U.S.),
Amcor Ltd (Australia), Sigma Plastics Group, Inc. (U.S.), AEP Industries Inc.
(U.S), DUO PLAST AG (Germany), Unnati Industrial Corporation (Inda), U.S.
Packaging & Wrapping LLC (U.S.), and Grafix Arts (U.S.).
This research report provides
insights, on various levels of analysis such as industry analysis, and market
share analysis for the leading players along with their profiles. It also helps
in studying the target segments by providing views on emerging &
high-growth segments. The market data comprises the basic assessment of the
competitive scenarios & strategies in the global construction lift
market,
including high-growth regions and/or countries, and political, & economic
environments. The project report, further, provides views on both the
historical market values and pricing & cost analysis.
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