Freedonia: Stretch film demand to grow 3.8% annually through 2021

Growth driven by improvements in stretch wrapping machinery and equipment, enhanced resin properties, and the increasing market share of more cost-effective products.

By ·

Stretch film demand in the US is projected to advance 3.8% per year to $2.7 billion in 2021.

Growth can be attributed to improvements in stretch wrapping machinery and equipment, enhanced resin properties, and the increasing market share of more cost-effective products. Each of these developments has opened new markets for which stretch film was previously ill-suited, such as machinery and building materials that are heavy or irregularly shaped.

These and other trends are presented in Stretch & Shrink Film Market in the US, 5th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.

Stretch hoods will see the fastest growth of any stretch film product, advancing at 8.4% per year through 2021. Gains for this product are being driven by increased investment in hooding machinery that has expanded applicability to roofing, tiles and bricks, appliances, and bulk warehouse packaging. A ceiling on this market remains, however, as these applications are still more limited than other stretch film products.

The storage and distribution market is by far the largest for stretch film, accounting for 71% of total demand in 2016. Stretch film is the preferred medium in this market due to cost competitiveness and advantages over alternatives like strapping.

Related studies include:
#3529 Packaging Films Market in the US (July 2017)
#3523 Pharmaceutical Packaging Market in the US, 12 th Edition (June 2017)


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Latest Whitepaper
Totes keep produce fresh from field to store
A two-part reusable plastic tote features a frame that cradles produce in a recyclable, replaceable sleeve.
Download Today!
From the December 2017 Modern Materials Handling Issue
Confronting an aging materials handling system and new channels of business with new customer expectations, Rocky Brands installed a put-to-light and sortation system to ramp up fulfillment.
The Big Picture: Navigation Gets a Reboot for Automatic Vehicles
Top 20 3PL Warehouses 2017: Growth amid change
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
The State of the DC Voice Market
A lot has changed in the last 10 years, especially in voice technology. This webinar will cover the state of the voice market, review two leading voice solutions and help you gain a better understanding of the options and capabilities available today.
Register Today!
EDITORS' PICKS
System Report: Rocky Brands Sees the Light
Confronting an aging materials handling system and new channels of business with new customer...
Top 20 industrial lift truck suppliers, 2017
The top lift truck suppliers list is changing with industry acquisitions causing a dramatic...

Lodge Manufacturing: Distribution Cast in Iron
In a new facility, iPhones and a new WMS allowed cookware manufacturer Lodge to double its business...
Rochester Drug Cooperative: Robots ready for work
It’s still early stages, but Rochester Drug Cooperative is proving that mobile robotic piece...