Stretch wrapping
We carried an overseas stretch film supplier to USA market, entering to both holding market for pallets and shipments, and to food market for meat, poultry, seafood packing as well as retail packing for home use.
Stretch film is used in two main product groups:
- Film that is stretched over a pallet or other load, holding the shipment in place where the film rebounds to its original shape,
- Film for unconverted food wrap. Meat, poultry, and seafood packaging is stretch film’s largest packaging market.
The stretch film market on the globe is valued at $885 million in 2017 and is expected to reach $1,041 million by the end of 2025, growing at a CAGR of 2.1% between 2017 and 2025.
Markets for stretch wrapping
- Pallet unitization
- Bundling
- Meat, poultry, and seafood packaging
- Dairy product packaging
- Produce packaging
- Paper and textile product packaging
- Beverage packaging
- Consumer product packaging
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AmeriLink encouraged us to enter USA market without hesitation. They found out all black holes on first hand and we proceeded safely.
Eddy L.AML Food Service Co.
Market facts
Rising demand for the light-weight material for industrial packaging is expected to drive growth for the product over the forecast period. The demand is expected to be driven by superior packaging properties such as improved printability, easier application and robust package sealing capabilities of the films.
The introduction of superior shrink and stretch film materials such as linear low-density polyethylene (LLDPE), extended polyethylene (EPE) and High-Density Polyethylene (HDPE) is expected to further strengthen the pallet holding abilities of the films. In addition, the development of bio-degradable stretch and shrink films by the leading manufacturers in a bid to counter the challenges of film disposal is expected to drive the demand over the next eight years.
LLDPE is expected to witness robust growth, growing at a CAGR of over 5% from 2016 to 2024. The demand for LLDPE was driven by superior pallet unitization characteristics of the LLDPE shrink films. The LLDPE resin based stretch films are expected to grow owing to the increased damage resistance during product transportation.
Stretch and shrink film hoods are expected to register highest growth rate, growing at a CAGR of more than 5% from 2016 to 2024. The growth is expected to be driven by increasing demand for hoods in industrial packaging and consumer goods packaging. Also, ease of packaging achieved by stretch and shrink film hoods are is expected to drive the demand for the product over the forecast period.
Food and beverages application accounted for 40% of the overall revenue driven by the increasing demand for high strength, low weight packaging materials. In addition, ease of packaging material sterilization is expected to drive the demand for stretch films for food packaging.
