Asia Pacific Stretch And Shrink Films Market Size & Outlook
Asia Pacific stretch and shrink films market, 2018-2030 (US$M)
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Asia Pacific stretch and shrink films market highlights
- The Asia Pacific stretch and shrink films market generated a revenue of USD 7,837.6 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, ldpe was the largest revenue generating resin in 2023.
- LDPE is the most lucrative resin segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 7,837.6 million |
| Market revenue in 2030 | USD 11,760.3 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Ldpe |
| Fastest growing segment | LDPE |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | LDPE, LLDPE, PVC |
| Key market players worldwide | Berry Global Group Inc, Amcor PLC, Bank of America Corp, Bollore SE, American Eagle Outfitters Inc, Coveris, AG Barr PLC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 43.8% of the global stretch and shrink films market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,760.3 million by 2030.
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Stretch And Shrink Films Market Scope
Stretch And Shrink Films Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific stretch and shrink films market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to stretch and shrink films market will help companies and investors design strategic landscapes.
Ldpe was the largest segment with a revenue share of 29.08% in 2023. Horizon Databook has segmented the Asia Pacific stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for stretch films is expected to be the highest in Asia Pacific on account of the presence of a strong food & beverage processing industry in the region. Increasing population in economies such as India and China coupled with growing disposable income of the consumers is expected to increase the spending on food, resulting in an increased production of food.
The region is home to a number of countries with a high economic growth, which results in a high demand for packaging products. In addition, growing efforts of the national governments in the region toward the economic development are expected to benefit manufacturing industries, which is further expected to drive the market growth.
The demand for the product in Pacific economies including Australia and New Zealand is expected to remain high on account of high product adoption coupled with the rise in the use of flexible packaging solutions instead of rigid packaging. The market is likely to register growth due to the limited regulatory impact on the use of plastics for packaging food contact and non-food contact materials in the food & beverage industry.
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Our clientele includes a mix of stretch and shrink films market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific stretch and shrink films market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific stretch and shrink films market outlook size, by country, 2018-2030 (US$M)
Asia Pacific Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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