China Stretch And Shrink Films Market Size & Outlook
China stretch and shrink films market, 2018-2030 (US$M)
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China stretch and shrink films market highlights
- The China stretch and shrink films market generated a revenue of USD 2,539.8 million in 2023 and is expected to reach USD 4,052.9 million by 2030.
- The China market is expected to grow at a CAGR of 6.9% 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 2,539.8 million |
| Market revenue in 2030 | USD 4,052.9 million |
| Growth rate | 6.9% (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, China accounted for 14.2% 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 Asia Pacific, China stretch and shrink films market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,052.9 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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China 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 29.18% in 2023. Horizon Databook has segmented the China stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
China is likely to be the major consumer for stretch films owing to the rapid growth of end-use industries such as consumer goods, electrical & electronics, textiles, chemicals, pharmaceuticals, toys, and food & beverages.
Rising pharmaceutical industry in China in line with the demographic changes and strong economic growth is expected to open new avenues for the product. Growing government spending on public healthcare, rising consumer health awareness.
increasing cases of chronic diseases in the region are among the common factors boosting the demand for pharmaceutical products, which are in turn expected to increase the demand for the product in packaging applications. The demand for stretch films in the economy is expected to be driven primarily by the rapidly increasing population.
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Horizon Databook provides a detailed overview of country-level data and insights on the China stretch and shrink films market , including forecasts for subscribers. This country databook contains high-level insights into China stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China stretch and shrink films market outlook size, by resin, 2018-2030 (US$M)
China Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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