Study #: 3796 | Published: 03/2020 | Pages: 157 | Individual User License: US$ 5,300

The US stretch and shrink film market is forecast to grow 1.4% annually to 2.8 billion pounds – valued at $4.1 billion – in 2024. Gains will continue to be supported by:

  • growth in shipping activity and related palletizing
  • gains in manufacturing activity and personal spending
  • ongoing improvements in resin and machinery technology, which will expand stretch and shrink film’s range of use

Stretch Film Will Benefit From Its Preferred Use in Storage & Distribution Applications

Stretch film demand will be supported by its widespread use in pallet unitization, bundling, and other storage and distribution applications. Palletization applications, which represent 60% of stretch film demand, will account for the majority of segment gains, with growth spurred by strong manufacturing activity.

Product packaging applications for stretch film, on the other hand, are forecast to expand less than 1.0% yearly, as overwrap film – the primary stretch film product in food packaging – faces competition from case-ready formats that can extend shelf life. However, several opportunities for stretch films do exist in food packaging, including stretch sleeve labels for dairy products and precut and individually wrapped produce.

Stretch hoods are projected to show the fastest gains among stretch film products, with growth driven by greater adoption of hooding machinery and performance advantages such as high throughput, clarity for barcode scanning, and greater load integrity.

Continued Downgauging by Film Producers to Drive Demand for Multilayer Films

Ongoing demand for film with greater stretch and customization potential will support gains for multilayer stretch and shrink film. Multilayer films are also increasingly favored for their downgauging potential, as they require less material to achieve required strength. LLPDE-based multilayer stretch films for pallet unitization and bundling applications will offer the best opportunities due to increased demand for stronger, thinner films. Film manufacturers will continue to replace single- and three-layer film lines with five-layer lines to meet growing demand for these stronger film products.

Shrink Labels to Remain Among the Fastest Growing Product Types

Shrink label sales will continue to grow at an above average pace through 2024 due to trends toward enhanced shelf appeal. Shrink labels appeal to users because they are scuff resistant, conform tightly to a variety of shapes, and can be printed using a range of techniques and inks. In addition, demand will be boosted by the development of new polyolefin-based shrink labels that can be more easily recycled along with PET bottles than PVC and PETG labels can.

Industry Restructuring Will Continue to Impact Plastic Film Market in the US

Intense competition – including from Asian imports – and pricing pressure have driven restructuring in the plastic film market in recent years, with Amcor's purchase of Bemis in June 2019 (making Amcor one of the market leaders) the most notable. Although most acquisitions are likely to involve smaller players, consolidation is expected to continue.


Our Simple Buying Process

Add This Study To Your Cart.

Register, Checkout and
Verify Payment.

Your Report Is Available.

Table of Contents

1. Executive Summary

2. Overview

Key Findings

Demand by Type & Application

Historical Trends

Pricing Trends

Foreign Trade & International Activity

Resin (Multilayer & Metallocene Films) & Machinery Developments

Regulatory & Environmental Considerations

Pallet Unitization Film

PVC Film

Recycling

Labels

3. Stretch Film

Key Findings

Stretch Film Demand

Stretch Film Production Methods (Cast, Blown)

Stretch Film Resins

Stretch Film Products

Demand by Product

Stretch Wrap

Stretch Hoods

Stretch Sleeve Labels

Stretch Film Applications

Demand by Application

Pallet Unitization (Machine Film, Hand Film)

Bundling & Other Storage & Distribution

Food Packaging

Beverage Packaging

Paper & Textile Packaging

Consumer & Other Packaging

Stretch Film Market Leaders

4. Shrink Film

Key Findings

Shrink Film Demand

Shrink Film Resins

Shrink Film Products

Demand by Product

Shrink Wrap

Shrink Labels

Shrink Bags

Shrink Hoods & Other Shrink Film

Shrink Film Applications

Demand by Application

Food Packaging

Beverage Packaging

Paper & Textile Packaging

Consumer & Other Packaging

Pallet Unitization

Bundling & Other Storage & Distribution

Shrink Film Market Leaders

5. Storage & Distribution Applications

Key Findings

Demand by Application

Pallet Unitization

Bundling & Other Storage & Distribution

Storage & Distribution Markets

Demand by Market

Manufacturing

Warehousing

Construction & Other Applications

6. Product Packaging Applications

Key Findings

Demand by Application

Food Packaging

Stretch vs. Shrink Film Demand

Meat, Poultry, & Seafood Packaging

Dairy Packaging

Produce Packaging

Other Food Packaging

Beverage Packaging

Paper & Textile Packaging

Consumer Product Packaging

Other Product Packaging

7. Resins

Key Findings

Demand by Resin

LLDPE

LDPE

PVC

Other Resins

8. Industry Structure

Key Findings & Industry Composition

Market Share

Competitive Strategies

Mergers & Acquisitions

Marketing & Distribution

Research & Development

List of Industry Participants

9. Appendix

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographics

Consumer Spending


List of Tables

2. Overview

Table 2-1 | Stretch & Shrink Film Demand by Type & Application, 2009 - 2024 (million pounds & million dollars)

Table 2-2 | Stretch & Shrink Film Market, 2009 - 2019

Table 2-3 | Stretch & Shrink Film Pricing, 2009 - 2024 (dollars per pound)

3. Stretch Film

Table 3-1 | Stretch Film Demand, 2009 - 2024 (million pounds & million dollars)

Table 3-2 | Stretch Film Demand by Production Method, 2009 - 2024 (million pounds)

Table 3-3 | Cast & Blown Stretch Film: Relative Advantages & Disadvantages

Table 3-4 | Stretch Film Demand by Resin, 2009 - 2024 (million pounds)

Table 3-5 | Stretch Film Demand by Product, 2009 - 2024 (million pounds)

Table 3-6 | Stretch Wrap Products: Drivers & Restraints

Table 3-7 | Stretch Hoods: Advantages Over Competitive Pallet Unitization Products

Table 3-8 | Stretch Sleeve Labels: Advantages Over Competitive Pallet Unitization Products

Table 3-9 | Stretch Film Demand by Application, 2009 - 2024 (million pounds)

Table 3-10 | Stretch Film Uses, Drivers, & Restraints

Table 3-11 | Stretch Film Demand by Pallet Unitization Application, 2009 - 2024 (million pounds)

Table 3-12 | Selected Pallet Unitization Suppliers & Products by Film Type

Table 3-13 | Selected Building & Other Storage & Distribution Suppliers & Products by Film Type

Table 3-14 | Stretch Film Demand by Food Packaging Application, 2009 - 2024 (million pounds)

Table 3-15 | Selected Stretch Film Products by Market Leaders

4. Shrink Film

Table 4-1 | Shrink Film Demand, 2009 - 2024 (million pounds & million dollars)

Table 4-2 | Shrink Film Demand by Resin, 2009 - 2024 (million pounds)

Table 4-3 | Shrink Film Resin Applications & Characteristics

Table 4-4 | Shrink Film Demand by Product, 2009 - 2024 (million pounds)

Table 4-5 | Shrink Wrap Products: Drivers & Restraints

Table 4-6 | Shrink Label Resins: Advantages & Disadvantages

Table 4-7 | Shrink Film Demand by Application, 2009 - 2024 (million pounds)

Table 4-8 | Shrink Film Demand by Food Packaging Application, 2009 - 2024 (million pounds)

Table 4-9 | Selected Paper & Textile Product Applications for Shrink Film

Table 4-10 | Selected Consumer & Other Applications for Shrink Film

Table 4-11 | Selected Shrink Film Products by Market Leader

5. Storage & Distribution Applications

Table 5-1 | Storage & Distribution: Stretch & Shrink Film Demand, 2009 - 2024 (million pounds & million dollars)

Table 5-2 | Pallet Unitization: Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds & million dollars)

Table 5-3 | Bundling & Other Storage & Distribution: Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds & million dollars)

Table 5-4 | Storage & Distribution: Stretch & Shrink Film Demand by Market, 2009 - 2024 (million pounds)

6. Product Packaging Applications

Table 6-1 | Product Packaging: Stretch & Shrink Film Demand by Application, 2009 - 2024 (million pounds & million dollars)

Table 6-2 | Food Packaging: Stretch & Shrink Film Demand, 2009 - 2024 (million pounds & million dollars)

Table 6-3 | Meat, Poultry, & Seafood Packaging: Stretch & Shrink Film Demand by Type & Grade, 2009 - 2024 (million pounds & million dollars)

Table 6-4 | Selected Meat, Poultry, & Seafood Applications for Stretch & Shrink Film

Table 6-5 | Dairy Packaging: Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds & million dollars)

Table 6-6 | Selected Dairy Packaging Applications for Stretch & Shrink Films

Table 6-7 | Produce Packaging: Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds & million dollars)

Table 6-8 | Selected Produce Packaging Applications for Stretch & Shrink Films

Table 6-9 | Other Food Packaging: Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds & million dollars)

Table 6-10 | Beverage Packaging: Stretch & Shrink Film Demand, 2009 - 2024 (million pounds & million dollars)

Table 6-11 | Paper & Textile Packaging: Stretch & Shrink Film Demand by Type & Application, 2009 - 2024 (million pounds & million dollars)

Table 6-12 | Consumer Product Packaging: Stretch & Shrink Film Demand by Type & Application, 2009 - 2024 (million pounds & million dollars)

Table 6-13 | Selected Consumer Applications for Stretch & Shrink Films

Table 6-14 | Other Product Packaging: Stretch & Shrink Film Demand by Type & Application, 2009 - 2024 (million pounds & million dollars)

7. Resins

Table 7-1 | Stretch & Shrink Film Demand by Resin, 2009 - 2024 (million pounds)

Table 7-2 | LLDPE Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds & million dollars)

Table 7-3 | LLDPE Stretch & Shrink Films: Advantages & Disadvantages

Table 7-4 | LDPE Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds & million dollars)

Table 7-5 | LDPE Stretch & Shrink Films: Advantages & Disadvantages

Table 7-6 | PVC Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds & million dollars)

Table 7-7 | PVC Stretch & Shrink Films: Advantages & Disadvantages

Table 7-8 | Other Stretch & Shrink Film Resin Demand by Resin & Type, 2009 - 2024 (million pounds & million dollars)

Table 7-9 | Other Stretch & Shrink Film Resin Applications: Drivers & Restraints

8. Industry Structure

Table 8-1 | US Stretch & Shrink Film Sales by Company, 2019 (million dollars)

Table 8-2 | Additional Market Leaders in the US Stretch & Shrink Film Market

Table 8-3 | Competitive Strategies in the US Stretch & Shrink Film Industry

Table 8-4 | Selected Cooperative Agreements

Table 8-5 | Selected Mergers & Acquisitions

Table 8-6 | Selected Industry Participants

9. Appendix

Table 9-1 | Study Scope: Stretch & Shrink Film Markets

Table 9-2 | Relevant Industry Codes

Table 9-3 | Relevant HS Codes

Table 9-4 | Abbreviations & Acronyms Used in Study

Table 9-5 | Macroeconomic Indicators, 2009 - 2024 (billion 2012 dollars)

Table 9-6 | Population & Households, 2009 - 2024 (million persons)

Table 9-7 | Personal Consumption Expenditures, 2009 - 2024 (billion 2012 dollars)


List of Figures

1. Executive Summary

Figure 1-1 | US Stretch & Shrink Film Market

2. Overview

Figure 2-1 | Key Trends in the US Stretch & Shrink Film Market

Figure 2-2 | Stretch & Shrink Film Demand, 2009 - 2019 (million pounds)

3. Stretch Film

Figure 3-1 | US Stretch Film Key Trends

Figure 3-2 | Stretch Film Demand Share by Product, 2019 (billion pounds)

Figure 3-3 | Stretch Hoods & Competitive Products Comparative Demand, 2009 - 2024 (% CAGR)

Figure 3-4 | Stretch Film Demand Share by Food Packaging Application, 2019 (million pounds)

Figure 3-5 | US Stretch Film Market Share by Company, 2019 (billion dollars)

4. Shrink Film

Figure 4-1 | US Shrink Film Key Trends

Figure 4-2 | Shrink Film Demand Share by Product, 2019 (million pounds)

Figure 4-3 | US Shrink Film Market Share, 2019 (billion dollars)

5. Storage & Distribution Applications

Figure 5-1 | Key Trends in Storage & Distribution Applications for Stretch & Shrink Film

Figure 5-2 | Pallet Unitization: Stretch & Shrink Film Demand by Product, 2009 - 2024 (million dollars)

Figure 5-3 | Bundling & Other Storage & Distribution: Stretch & Shrink Film Demand, 2009 - 2024 (million pounds)

Figure 5-4 | Storage & Distribution: Stretch & Shrink Film Demand by Market, 2009 - 2024 (million pounds)

6. Product Packaging Applications

Figure 6-1 | Key Trends in Stretch & Shrink Film Product Packaging Applications

Figure 6-2 | Product Packaging: Stretch & Shrink Film Demand Share by Application, 2019 (million pounds)

Figure 6-3 | Food Packaging: Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds)

Figure 6-4 | Beverage Packaging: Stretch & Shrink Film Demand by Type, 2009 - 2024 (million pounds)

Figure 6-5 | Paper & Textile Packaging: Stretch & Shrink Film Demand, 2009 - 2024 (million pounds)

7. Resins

Figure 7-1 | Key Trends in Stretch & Shrink Film Resins

Figure 7-2 | Stretch & Shrink Film Demand by Resin & Type, 2009 - 2024 (million pounds)

8. Industry Structure

Figure 8-1 | US Stretch & Shrink Film Market Share, 2019 (billion dollars)

Figure 8-2 | Stretch & Shrink Film Market Share: Leading Supplier, 2019

Figure 8-3 | Stretch & Shrink Film Market: Second Leading Supplier, 2019

Figure 8-4 | Stretch & Shrink Film Market: Third Leading Supplier, 2019

Figure 8-5 | Stretch & Shrink Film Market: Fourth Leading Supplier, 2019

Figure 8-6 | Stretch & Shrink Film Market: Fifth Leading Supplier, 2019

Figure 8-7 | Stretch & Shrink Film Market: Sixth Leading Supplier, 2019

Figure 8-8 | Stretch & Shrink Film Market: Seventh Leading Supplier, 2019

9. Appendix

Figure 9-1 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average (percent)

Figure 9-2 | Annual Population Growth, 2004 - 2019 (percent)


© by The Freedonia Group, a division of MarketResearch.com