Stretch and shrink films market in USA expected to grow steadily at CAGR of 3.76%

10-Apr-15

The Stretch and Shrink Films market in the US is expected to grow steadily at a CAGR of 3.76% during the forecast period of 2014-2019. One of the major trends emerging in this Stretch and Shrink Films Market in the US is the increased usage of the linear low-density polyethylene resin compared to the low-density polyethylene resin. The LLDPE resin makes the films more flexible and transparen, ass per Sandlerresearch.org. According to research, report Stretch and Shrink Film Market in the US 2015-2019 shrink films have become prevalent due to their low cost, reduction in GHG emissions, and the consumption of less energy in their production compared to stretch films. Also, the manufacturing cost of stretch films is less than other forms of packaging because of the low cost of resins used in the films, thus making stretch films a cost-effective solution. Stretch hoods are used for carrying products such as cans, bottles, and various raw materials such as bricks, cement, and sand. The market for stretch hoods in North America is growing as this type of film has high elasticity and consumes less energy during its manufacturing process. Stretch and shrink films are highly engineered polythene films used for packaging goods. These films have special chemical properties, which make them differ in their flexibility and stretchability. Stretch films are stretchable, elastic thin polythene films used to wrap around pallet loads. Shrink films are thin films that are wrapped around a single product or commodity and require the application of heat for packing. These films help prevent the spoilage of goods from air and moisture, thus enhancing the quality of packaged products. The report covers the present scenario and the growth prospects of the Stretch and Shrink market in the US for the period 2015-2019. The market is segmented based on the following criteria: revenue, types of films, and types of resins - LDPE, PVC and Others.