North America Stretch And Shrink Films Market Size & Outlook
North America stretch and shrink films market, 2018-2030 (US$M)
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North America stretch and shrink films market highlights
- The North America stretch and shrink films market generated a revenue of USD 3,890.5 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, ldpe was the largest revenue generating resin in 2023.
- LLDPE is the most lucrative resin segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,890.5 million |
| Market revenue in 2030 | USD 5,296.7 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Ldpe |
| Fastest growing segment | LLDPE |
| 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, North America region accounted for 21.7% 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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North America 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 32.9% in 2023. Horizon Databook has segmented the North America stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
The market for stretch and shrink films in the region is expected to be driven by the presence of a number of consumer goods manufacturing companies such as Grupo Bimbo in Mexico and Canada, resulting in a high demand for stretch films. The use of the product for secondary packaging of products such as cakes, beverages, household, and personal care products is expected to drive the market growth over the forecast period.
The market for stretch and shrink films in the region is expected to grow at a significant rate owing to high demand from the food and beverage industry. The presence of key food processing industries in the region including PepsiCo Inc., Tyson Foods Inc., Nestle, Coca-Cola Co., JBS USA and Mars Inc. is expected to open new avenues for the product growth over the projected period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America stretch and shrink films market , including forecasts for subscribers. This continent databook contains high-level insights into North America stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America stretch and shrink films market outlook size, by country, 2018-2030 (US$M)
North America Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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