Europe Stretch And Shrink Films Market Size & Outlook
Europe stretch and shrink films market, 2018-2030 (US$M)
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Europe stretch and shrink films market highlights
- The Europe stretch and shrink films market generated a revenue of USD 3,742.8 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, lldpe 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,742.8 million |
| Market revenue in 2030 | USD 5,372.9 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Lldpe |
| 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, Europe region accounted for 20.9% 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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Europe 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.
Lldpe was the largest segment with a revenue share of 30.98% in 2023. Horizon Databook has segmented the Europe stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing expenditure on R&D in the pharmaceutical industry in Europe is expected to fuel the demand for stretch films over the forecast period on account of their substantial use in the segment. The use of flexible packaging solutions across various applications in food & beverage and pharmaceutical packaging industries in the region is expected to drive the market growth over the forecast period.
The demand for stretch films for packaging is expected to witness limited growth in the region on account of the prevalence of regulations regarding the use of plastics for food contact applications. Manufacturers in the region develop advanced products that conform to the mandated standards, thereby driving up the product prices in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe stretch and shrink films market , including forecasts for subscribers. This continent databook contains high-level insights into Europe stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe stretch and shrink films market outlook size, by country, 2018-2030 (US$M)
Europe Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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