Germany Stretch And Shrink Films Market Size & Outlook
Germany stretch and shrink films market, 2018-2030 (US$M)
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Germany stretch and shrink films market highlights
- The Germany stretch and shrink films market generated a revenue of USD 862.6 million in 2023 and is expected to reach USD 1,368.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, lldpe was the largest revenue generating resin in 2023.
- LLDPE 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 862.6 million |
| Market revenue in 2030 | USD 1,368.0 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Lldpe |
| Fastest growing segment | LLDPE |
| 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, Germany accounted for 4.8% 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 Europe, Germany stretch and shrink films market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,368.0 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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Germany 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 33.86% in 2023. Horizon Databook has segmented the Germany stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of notable pharmaceutical products manufacturing and food processing industries is expected to result in high requirement of stretch films in the economy. Food and beverage manufacturers make high investments to improve packaging, in order to maintain the quality of their product and seek consumer attention.
Increasing demand for food packaging to improve the product shelf life and maintain hygienic condition of the products is expected to have a positive impact on the industry growth over the forecast period. The demand for stretch films in the economy is expected to be driven by the presence of a strong food & beverage processing industry. Germany’s food sector accounts for 6.2% of the country’s economy.
The country has over 6,000 companies operating in the food industry, which generate a high demand for packaging materials required for processed and unprocessed food. In addition, the demand for flexible packaging films is expected to be driven by their properties such as ease of packaging and superior barrier properties.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany stretch and shrink films market , including forecasts for subscribers. This country databook contains high-level insights into Germany stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany stretch and shrink films market outlook size, by resin, 2018-2030 (US$M)
Germany Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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