India Stretch And Shrink Films Market Size & Outlook
India stretch and shrink films market, 2018-2030 (US$M)
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India stretch and shrink films market highlights
- The India stretch and shrink films market generated a revenue of USD 1,250.6 million in 2023 and is expected to reach USD 1,905.0 million by 2030.
- The India market is expected to grow at a CAGR of 6.2% 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 1,250.6 million |
| Market revenue in 2030 | USD 1,905.0 million |
| Growth rate | 6.2% (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, India accounted for 7.0% 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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India 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 29.15% in 2023. Horizon Databook has segmented the India stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
India is expected to be one of the most rapidly growing economies of the world and one of the largest beverage markets in terms of volume. Rising disposable income coupled with changing consumer lifestyle in the region is expected to boost the demand for beverages in India, which in turn is anticipated to have a favorable impact on food packaging industry in the region, affecting the stretch films market on a positive note.
The presence of key beverage manufacturers in the country, such as Coca Cola and Nestle, is expected to increase the demand for flexible packaging over the projected period. Increasing demand for packaged food products in villages and various small parts of the country is likely to increase the demand for secondary packaging solution for easy transportation and storage.
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Horizon Databook provides a detailed overview of country-level data and insights on the India stretch and shrink films market , including forecasts for subscribers. This country databook contains high-level insights into India stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India stretch and shrink films market outlook size, by resin, 2018-2030 (US$M)
India Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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