Rising sale of retail items coupled with increasing e-commerce sales, fuels the growth of the stretch packaging market.

Market research future published a half-cooked research report on Global Stretch Packaging Market that contains the information from 2017 to 2023. Global is expected to grow with the CAGR of approximately 4.7% from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Stretch Packaging Market Information from 2017 to 2023"

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Stretch packaging is defined as stretchable, elastic, continuous thin plastic film, which is wrapped around the items for protection from the environment or to unitize for handling, storage or shipping. This packaging offers the added benefit of dust and moisture protection inside warehouse and during transportation. Rising sale of retail items coupled with increasing e-commerce sales, also fuels the growth of the market. However, increasing environmental concerns may hamper the growth of the market.

The global stretch packaging market is projected to grow at a CAGR of 4.7% during the forecast period.

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Asia-Pacific region dominates the global stretch packaging market

On the basis of regions, global stretch packaging market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific dominates the global stretch packaging market. It is expected to be the fastest growing region in the market. Rapid growth of food and beverage industry drives the market growth in the region. Along with the growth of the Asia- Pacific region, industrialization and urbanization in developing countries such as China and India, also provide boost to the overall market growth. Additionally, availability of raw materials and low labor cost are the factors have the positive influence on the growth of the market.

North America is also expected to contribute significantly during the forecast period. Increased consumption of beverages fuels the growth of the market. Latin America and Middle-East & Africa regions are also expected to show a positive growth over the forecast period due to rising demand from the manufacturing sector.

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The prominent players in the stretch packaging market include Bemis Company, Inc. (U.S.), Berry Global, Inc. (U.S.), Amcor Ltd (Australia), Sigma Plastics Group, Inc. (U.S.), AEP Industries Inc. (U.S), DUO PLAST AG (Germany), Unnati Industrial Corporation (Inda), U.S. Packaging & Wrapping LLC (U.S.), and Grafix Arts (U.S.).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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