Global stretch and shrink film market to grow at CAGR of 4.78% until end of decade

10-Apr-15

The Global Stretch and Shrink Film market to grow at a CAGR of 4.78% over the period 2014-2019, as per Sandlerresearch.org. One of the major trends in the market is advances in technology. Development of high-grade plastics films through the implementation of cutting-edge technology to suit the needs of B2B customers is taking precedence. Corporations are investing a huge chunk of their revenues in R&D to come up with new innovations in plastic packaging films. According to the report, increased usage of pallet unitization films for industrial packaging is a major driver of this market. Stretch films are widely used to wrap and cover pallet loads, which help to prevent the pallet from damage and spoilage.