- The key vendors in the Global Stretch and Shrink Film Market 2015-2019 are AEP Industries Inc., Amcor Ltd., Bemis Co. Inc. and Berry Plastics Corp.
London, 25 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Stretch and Shrink Film Market 2015-2019. One of the major trends in the market is advances in technology. Development of high-grade plastics films through the implementation of cutting-edge technology to suit the needs of B2B customers is taking precedence. Corporations are investing a huge chunk of their revenues in R&D to come up with new innovations in plastic packaging films. The Global Stretch and Shrink Film market is expected to grow steadily at a CAGR of 4.78 percent during the forecast period of 2015-2019.
The market landscape is highly fragmented with the presence of many micro, small, and medium enterprise vendors globally. Top companies occupy a certain portion of the market with the rest being occupied by many international and regional vendors. The growth of the market is attributed to the supply of convenient plastic packaging solutions by companies to customers across all consumables verticals.
“The Global Stretch and Shrink Film market is experiencing increased usage of LLDPE compared to LDPE because of its flexibility,” says Faisal Ghaus, Vice President of TechNavio Research.
“LLDPE is used in making films that require high strength to absorb impact while avoiding puncture or tearing.”
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%…
