- The key vendors in the Stretch and Shrink Films Market in the US 2015-2019 are AEP Industries Inc., Amcor Ltd., Bemis Company Inc. and Berry Plastics Corp.
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Stretch and Shrink Films Market in the US 2015-2019. One of the major trends emerging in this market is the increased usage of the linear low-density polyethylene resin compared to the low-density polyethylene resin. The LLDPE resin makes the films more flexible and transparent. The Stretch and Shrink Films market in the US is expected to grow steadily at a CAGR of 3.76 percent during the forecast period of 2014-2019.
Shrink films have become prevalent due to their low cost, reduction in GHG emissions, and the consumption of less energy in their production compared to stretch films. Also, the manufacturing cost of stretch films is less than other forms of packaging because of the low cost of resins used in the films, thus making stretch films a cost-effective solution.
“Stretch hoods are used for carrying products such as cans, bottles, and various raw materials such as bricks, cement, and sand,” says Faisal Ghaus, Vice President of Technavio Research.
“The market for stretch hoods in North America is growing as this type of film has high elasticity and consumes less energy during its manufacturing process.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
