Market Forecast By End User (Food & Beverage, HCV, LCV And Pharmaceuticals), By Material Type (Polypropylene, Low Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE) And Forged Steel), By Countries (United Kingdom, Italy, France, Germany And Rest Of Europe) And Competitive Landscape
Product Code: ETC055086 | Publication Date: May 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Europe Stretch and Shrink Film Market |
Forecast Period | 2025-2031 |
Market Size | USD 7.6 billion by 2031 |
CAGR | 4% |
Growing Sector | Food and Beverage |
Europe Stretch and Shrink Film Market report thoroughly covers the countries, by end user, and by material type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Stretch and Shrink Film Market is projected that the market size for stretch and shrink film in Europe will reach USD 7.6 billion by 2025 and is expected to grow at a CAGR of 4% during the forecast period of 2025-2031.
The European stretch and shrink film market is projected to experience significant growth in the coming years, driven by several key factors. The rising demand for consumer goods, particularly in the food and beverage sectors, is fueling the need for efficient packaging solutions. Additionally, the increasing adoption of advanced packaging techniques, which offer better protection and sustainability, is contributing to the market's expansion. The booming e-commerce industry also plays a crucial role, as online shopping drives demand for secure and cost-effective packaging solutions across Europe.
According to 6Wresearch, the Europe Stretch and Shrink Film Market revenue is expected to reach at a significant CAGR of 4% during the forecast period 2025-2031. The growth of the European stretch and shrink film market can be attributed to several key factors. Increasing demand from end-use industries such as food and beverage, pharmaceuticals, and e-commerce is a major driver, as these sectors require efficient and secure packaging solutions. Advancements in packaging technology have further boosted the market, enabling films with enhanced strength, durability, and recyclability. Additionally, growing consumer awareness and demand for sustainable packaging solutions are pushing the industry towards eco-friendly alternatives.
However, despite this Europe Stretch and Shrink Film market growth, there are significant challenges that the market faces. One major issue is the fluctuating prices of raw materials. As most stretch and shrink films are made from plastic, any volatility in crude oil prices can directly impact the cost of production, leading to higher prices and potentially limiting market growth. Moreover, stringent government regulations across Europe targeting the reduction of single-use plastics are creating pressure for manufacturers to develop more sustainable alternatives.
The Europe stretch and shrink film market is evolving with several trends shaping its future growth. A key trend is the increasing adoption of automation and advanced technologies in packaging processes, leading to the development of films with enhanced properties like improved puncture resistance, greater seal strength, and superior clarity. Additionally, there is a growing demand for sustainable packaging solutions across Europe, driven by environmental concerns and consumer preferences. This shift towards sustainability is expected to significantly boost the demand for bio-based stretch and shrink films, promoting eco-friendly alternatives in the packaging industry.
The Europe stretch and shrink film market presents attractive investment opportunities for players looking to expand their business. With the rising demand for packaged goods and advancements in packaging technology, there is a growing need for innovative and efficient packaging solutions. This creates opportunities for manufacturers to invest in research and development to develop new and improved stretch and shrink films. Additionally, the growing e-commerce industry in Europe offers potential growth prospects for the stretch and shrink film market. As more consumers turn to online shopping, there is a need for reliable packaging solutions that can protect products during transit.
The Europe stretch and shrink film market is highly competitive with several key players operating in the region. Some of the leading companies in this market include Amcor Plc, Berry Global Inc., Coveris Holdings S.A., Clondalkin Group Holdings B.V., Dow Chemical Company, DuPont de Nemours Inc., and Sealed Air Corporation, among others. These companies are focusing on developing sustainable and advanced packaging solutions to stay ahead in the market.
The European Union has implemented stringent regulations to reduce plastic pollution, including measures that impact the stretch and shrink film market. The Single-Use Plastics Directive, effective from July 2021, bans single-use plastic products such as cutlery, straws, plates, and cotton buds, and mandates member states to reduce the consumption of other single-use plastics like food containers and cups. While these regulations present challenges for manufacturers, they also offer opportunities for companies to innovate and develop sustainable, eco-friendly packaging solutions. By embracing these opportunities, businesses can stay ahead of the curve and align with growing environmental concerns and consumer demand for greener alternatives.
The future of the stretch and shrink film market in Europe looks promising with the growing demand for packaged goods and advancements in packaging technology. The market is expected to witness further growth due to the increasing adoption of bio-based films and automation in packaging processes. Additionally, with a focus on sustainable solutions, manufacturers are likely to invest in research and development to stay competitive in the market. In conclusion, the European stretch and shrink film market presents lucrative opportunities for players looking to expand their business. However, challenges such as fluctuating raw material prices and government regulations
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6wresearch, The Food & Beverage sector has witnessed the most significant growth in the European stretch and shrink film market. This growth is largely driven by the rising demand for packaged food, ready-to-eat meals, and beverages.
LLDPE has experienced the fastest growth in the European stretch and shrink film market. This material offers superior stretchability, higher strength, and better clarity, making it ideal for a wide range of applications in the food, beverage, and consumer goods sectors. Its versatility and cost-efficiency have made it the preferred choice for many manufacturers.
Germany remains the largest market for stretch and shrink films in Europe. As the leading manufacturing hub in Europe, Germany’s strong industrial base, particularly in automotive, food processing, and pharmaceuticals, drives the demand for packaging. The growing demand for eco-friendly packaging solutions also supports this market.
The market report thoroughly covers the following segments
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Europe Stretch and Shrink Film Market Overview |
3.1. Europe Country Macro Economic Indicators |
3.2. Europe Stretch and Shrink Film Market Revenues, 2021 & 2031F |
3.3. Europe Stretch and Shrink Film Market - Industry Life Cycle |
3.4. Europe Stretch and Shrink Film Market - Porter's Five Forces |
3.5. Europe Stretch and Shrink Film Market Revenue Share, By Material Type, 2021 & 2031F |
3.6. Europe Stretch and Shrink Film Market Revenue Share, By End User, 2021 & 2031F |
4. Europe Stretch and Shrink Film Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Europe Stretch and Shrink Film Market Trends |
6. Europe Stretch and Shrink Film Market, By Material Type |
6.1. Europe Stretch and Shrink Film Market, By Material Type |
6.1.1. Overview and Analysis |
6.1.2. Europe Stretch and Shrink Film Market Revenues, By Polyvinyl Chloride (PVC), 2021 - 2031F |
6.1.3. Europe Stretch and Shrink Film Market Revenues, By Linear Low Density Polyethylene (LLDPE), 2021 - 2031F |
6.1.4. Europe Stretch and Shrink Film Market Revenues, By Low Density Polyethylene (LDPE), 2021 - 2031F |
6.1.5. Europe Stretch and Shrink Film Market Revenues, By Polypropylene, 2021 - 2031F |
6.2. Europe Stretch and Shrink Film Market, By End User |
6.2.1. Overview and Analysis |
6.2.2. Europe Stretch and Shrink Film Market Revenues, By Food & Beverage, 2021 - 2031F |
6.2.3. Europe Stretch and Shrink Film Market Revenues, By Pharmaceutical, 2021 - 2031F |
6.2.4. Europe Stretch and Shrink Film Market Revenues, By Electronics, 2021 - 2031F |
6.2.5. Europe Stretch and Shrink Film Market Revenues, By Paper & Textile, 2021 - 2031F |
7. Germany Stretch and Shrink Film Market |
7.1. Germany Stretch and Shrink Film Market, By Material Type |
7.1. Germany Stretch and Shrink Film Market, By End User |
7.1. Germany Stretch and Shrink Film Market, By Regions |
8. United Kingdom Stretch and Shrink Film Market |
8.1. United Kingdom Stretch and Shrink Film Market, By Material Type |
8.1. United Kingdom Stretch and Shrink Film Market, By End User |
8.1. United Kingdom Stretch and Shrink Film Market, By Regions |
9. Italy Stretch and Shrink Film Market |
9.1. Italy Stretch and Shrink Film Market, By Material Type |
9.1. Italy Stretch and Shrink Film Market, By End User |
9.1. Italy Stretch and Shrink Film Market, By Regions |
10. Spain Stretch and Shrink Film Market |
10.1. Spain Stretch and Shrink Film Market, By Material Type |
10.1. Spain Stretch and Shrink Film Market, By End User |
10.1. Spain Stretch and Shrink Film Market, By Regions |
11. Rest of Europe Stretch and Shrink Film Market |
11.1. Rest of Europe Stretch and Shrink Film Market, By Material Type |
12. Europe Stretch and Shrink Film Market Key Performance Indicators |
13. Europe Stretch and Shrink Film Market - Opportunity Assessment |
13.1. Europe Stretch and Shrink Film Market Opportunity Assessment, By Material Type, 2021 & 2031F |
13.2. Europe Stretch and Shrink Film Market Opportunity Assessment, By End User, 2021 & 2031F |
14. Europe Stretch and Shrink Film Market - Competitive Landscape |
14.1. Europe Stretch and Shrink Film Market Revenue Share, By Companies, 2024 |
14.2. Europe Stretch and Shrink Film Market Competitive Benchmarking, By Operating and Technical Parameters |
15. Company Profiles |
16. Recommendations |
17. Disclaimer |