Global Stretch and Shrink Film Expected to Display an Elevated CAGR of ~5% during 2021-2027

The rise in disposable income, surging industrial sector and rapid urbanization sector globally has resulted in more inclination towards spending more on food and beverages, smart products, which is supporting the growth of the mart products including Stretch and Shrink Films. As per OCED, the household disposable income across several countries such as Australia, Austria, Canada, France, and many others witnessed a significant rise during 2018-2019. In Canada, the gross adjusted household disposable income per capita was USD 39,005.5 in 2020, up from USD 35,892.5 in 2019.

Globally, there has been an increase in alcohol consumption during the historic period. Global beer consumption stood at approximately 188.79 million kiloliters in 2018, up 0.8% from 2017 the first time in four years. Europe is the leading region in terms of beer consumption per capita. The Czech Republic, with 143.3 liters consumed per capita. Beer in the Czech Republic is cheaper than bottled water (typically USD 1 for a half-liter of beer)

AEP Industries Inc., Bemis Company Inc., Berry Plastics Corporation, Sigma Plastics Group, Bollore Inc., ExxonMobil Chemical, American Eagle Packaging, Flex Sol Packaging Corp., Barbier Group, Dow Chemical, etc., are some of the prominent players operating in the Stretch and Shrink Film market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

For a better understanding of the market dynamics of the Stretch and Shrink Film market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific region dominated the market and generated the leading revenue share in 2020 owing to rising disposable income and emerging demand for stretch and shrink films from the pharma sector.

Read More: https://www.giiresearch.com/report/umi1063035-stretch-shrink-film-market-current-analysis.html 

Related Post
Global 3D Concrete Printing Market Growing with 28.6% CAGR during 2021-2027
Synchronous Motors Gaining Recognition to Grow at a CAGR of 4.2% during 2021 – 2027
Global Intelligent Transportation Systems Market to Reach $40.76 Billion by 2031
4.7% of People Aged 16 Years or above in the US Driving under the Influence of Marijuana, according to CDC
Tablet Coatings Market Estimated to Reach USD 1226 Million by 2030 with a CAGR of 5.2%

Contact Information:

Global Information, Inc. (JASDAQ 4171)
www.giiresearch.com
Toll Free (US): +1-866-353-3335
Outside US: +1-860-674-8796
Europe (Belgium): +32-2-535-7543
Email: marketing@giiresearch.com