Canada Stretch And Shrink Films Market Size & Outlook
Canada stretch and shrink films market, 2018-2030 (US$M)
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Canada stretch and shrink films market highlights
- The Canada stretch and shrink films market generated a revenue of USD 601.1 million in 2023 and is expected to reach USD 811.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.4% 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.
Stretch and shrink films market data book summary
| Market revenue in 2023 | USD 601.1 million |
| Market revenue in 2030 | USD 811.4 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Ldpe |
| Fastest growing segment | LDPE |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 3.4% of the global stretch and shrink films market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. stretch and shrink films market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,042.0 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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Canada 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 32.29% in 2023. Horizon Databook has segmented the Canada stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Government of Canada, food & beverage processing industry is the second largest manufacturing industry in Canada in terms of value of production. It accounts for 2% of the country’s GDP and 17% of total manufacturing sales. Canadian processed food and beverage products are exported to some 192 countries.
Meat product manufacturing is considered as the largest food and beverage processing industry in Canada and as per Government of Canada statistics it accounted for 25% of all food & beverage manufacturing sector in 2019. Manufacturing meat products is the largest food industry in Alberta, Manitoba, Ontario, and Quebec.
The meat and poultry products are usually packed in trays and sealed with a shrink or stretch film on top. This is to prevent liquid leakage, exposure to atmosphere, and contamination risks. Thus, the growing meat product industry in Canada is expected to drive the demand for stretch and shrink films over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada stretch and shrink films market , including forecasts for subscribers. This country databook contains high-level insights into Canada stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada stretch and shrink films market outlook size, by resin, 2018-2030 (US$M)
Canada Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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