UK Stretch And Shrink Films Market Size & Outlook
UK stretch and shrink films market, 2018-2030 (US$M)
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UK stretch and shrink films market highlights
- The UK stretch and shrink films market generated a revenue of USD 577.9 million in 2023 and is expected to reach USD 871.6 million by 2030.
- The UK market is expected to grow at a CAGR of 6% 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 577.9 million |
| Market revenue in 2030 | USD 871.6 million |
| Growth rate | 6% (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, UK accounted for 3.2% 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 |
|---|
UK 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 34.16% in 2023. Horizon Databook has segmented the UK 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 films in the economy is expected to register limited gains on account of the increasing market maturity. In addition, concerns regarding the impact of Brexit on the industrial sector are expected to limit the growth potential of stretch films market in the region. However, the demand for the product is expected to grow on account of the rise in the product adoption by manufacturers in the economy.
The market is characterized by the presence of a number of companies such as Chivers and Sons, Cadbury, and Associated British Foods plc. The companies use flexible packaging for both primary and secondary packaging of food products, resulting in a high demand. The growth in expenditure of the consumers toward food and beverage products is expected to drive the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK stretch and shrink films market , including forecasts for subscribers. This country databook contains high-level insights into UK stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK stretch and shrink films market outlook size, by resin, 2018-2030 (US$M)
UK Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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