Spain Stretch And Shrink Films Market Size & Outlook
Spain stretch and shrink films market, 2018-2030 (US$M)
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Spain stretch and shrink films market highlights
- The Spain stretch and shrink films market generated a revenue of USD 331.1 million in 2023 and is expected to reach USD 459.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.8% 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.
Stretch and shrink films market data book summary
| Market revenue in 2023 | USD 331.1 million |
| Market revenue in 2030 | USD 459.9 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Lldpe |
| 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, Spain accounted for 1.8% 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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Spain 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 33.1% in 2023. Horizon Databook has segmented the Spain stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
Plastic packaging waste is a significant challenge faced by the Government of Spain. Although the plastic recycling rate of Spain in terms of mechanical recycling technology is high compared to other European countries such as the Netherlands, Germany, the UK, France, and Italy among others, the country still lacks behind in terms of chemical recycling.
To tackle plastic waste on April 2022, Official State Gazette published Law 7/2022 on Waste and Contaminated Soils aims to tackle plastic waste thereby reducing its impact on land and marine environment. Based on the law the Spanish legislature approved a new tax on non-reusable plastic packaging which was effective on January 1, 2023.
The new tax imposes a tax rate of EUR 0.45 per kg of non-recycled plastic packaging and is envisaged to collect approximately EUR 724m of revenue annually for the Government. This new tax is expected to impact consumer and industrial businesses since it is applicable on imports, and manufacturing of nonreusable plastic packaging.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain stretch and shrink films market , including forecasts for subscribers. This country databook contains high-level insights into Spain stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain stretch and shrink films market outlook size, by resin, 2018-2030 (US$M)
Spain Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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