COVID-19 Economic Impact Report: Stretch & Shrink Film
The US stretch and shrink film industry is facing a number of challenges as it deals with the impact of the COVID-19 pandemic. How has the macroeconomic environment changed and what does it mean for the US stretch and shrink industry going forward?
COVID-19 Economic Impact Report: Stretch & Shrink Film looks at how the expected impact of the pandemic on the current macroeconomic environment in the US compares to other major events since 2000, including the bursting of technology bubble and 9/11 terrorist attack, and the 2007-2009 Great Recession. It also provides a historical view of industry sales since 2000, a look at how the industry is being currently impacted, and estimates for industry sales through 2024.
For the purposes of the study:
- “stretch film” refers to two main product types – film that is stretched over a pallet or other load, holding the shipment in place as the film rebounds to its original shape, and unconverted food overwrap
- “shrink film” refers to any film that requires the application of heat to shrink and seal around a product
Demand for stretch and shrink films is examined by product, market, and resin type.
The markets considered include pallet unitization, bundling and other storage and distribution, food packaging, beverage packaging, paper and textile packaging, and consumer and other packaging (such as household cleaners and detergents, pet supplies, and agricultural and horticultural film.
The resin types analyzed include linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), polyvinyl chloride (PVC), and other resins (such as high-density polyethylene [HDPE], nylon, and polylactic acid [PLA]).
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