Stretch Packaging Industry Statistics

In this post, we will explore key statistics and insights pertaining to the global stretch packaging industry, including market sizes, growth rates, material trends, regional demands, and future projections. The data presented offers a comprehensive overview of the current landscape and potential opportunities within this dynamic sector.

Statistic 1

"The global stretch packaging market size was valued at USD 10.8 billion in 2019 and is projected to grow at a CAGR of 4.6% over the forecast period."

Statistic 2

"The stretch packaging industry in North America was valued at USD 3.5 billion in 2019."

Statistic 3

"Asia Pacific stretch packaging market is anticipated to witness the highest growth rate of 6.8% from 2020 to 2027."

Statistic 4

"Stretch Hood packaging holds the highest market share of 43.9% in 2019."

Statistic 5

"In terms of material, the linear low-density polyethylene (LLDPE) segment held the leading share of over 50% in 2019."

Statistic 6

"Stretch packaging market size from food and beverage application may witness significant gains up to 5.2% by 2024."

Statistic 7

"Europe, led by UK, France, and Germany stretch packaging market, should account for over 35% of global demand by 2024."

Statistic 8

"Polyvinyl Chloride (PVC) will likely generate over USD 2 billion by 2024 in the stretch packaging market."

Statistic 9

"Printing sector in stretch packaging implies significant growth, with a market size of over USD 4 billion in 2015."

Statistic 10

"Stretch film demand in stretch packaging is predicted to surpass 2 million tons by 2020."

Statistic 11

"5-Layer coextruded films are expected to rise more than fourfold in the US by 2020 compared to 2010."

Statistic 12

"Global market for stretch and shrink film will expand at a moderate CAGR of 5.2% during the forecast period, 2017-2022."

Statistic 13

"By 2022, over US$ 22 Bn worth of stretch and shrink films are expected to sold globally."

Statistic 14

"In stretch packaging industry, Asia-Pacific excluding Japan (APEJ) region is expected to remain dominant through 2022."

Statistic 15

"The Middle East and Africa (MEA) stretch packaging market is anticipated to reflect robust expansion at 7.6% CAGR throughout the forecast period."

In conclusion, the stretch packaging industry continues to show promising growth prospects globally with significant market size values and anticipated growth rates across various regions. Particularly, Asia Pacific is expected to lead in growth, while North America and Europe are positioned as key markets. Material-wise, linear low-density polyethylene and stretch hood packaging dominate the market share. The food and beverage application segment is projected to witness substantial gains, with sectors like printing showing significant growth potential. Overall, the statistics indicate a positive trajectory for the stretch packaging market, with innovations such as 5-Layer coextruded films and polyvinyl chloride contributing to market expansion.