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US Stretch & Shrink Film Market

  • April 2015
  • -
  • Freedonia
  • -
  • 212 pages

US demand to reach $3.1 billion in 2019

US demand for stretch and shrink film will increase by 3.4 percent annually to $3.1 billion in 2019. Gains will be driven by the increasing utilization of film for the bundling and protection of goods during warehousing and distribution, as well as competitive advantages over other materials in product packaging applica­tions. Other growth factors will include resin and machinery improvements and opportunities in areas such as stretch labels and shrink sleeves. Advances in value terms will be limited, however, by an expected slowdown in stretch and shrink film prices as plastic resin costs moderate from the 2009-2014 period.

LLDPE is leading stretch & shrink film resin

Nearly two billion pounds of plastic resins were used in stretch and shrink film in 2014. Linear low density polyeth­ylene (LLDPE) is the dominant resin due to its competitive cost and durability in a multitude of conditions as well as its downgauging capabilities. Conventional low density polyethylene (LDPE) will grow at an inproved rate compared to the 2004-2014 decade, as its clarity, ease of heat forming and drawdown characteris­tics will help the resin maintain its leading position in shrink packaging applications. Polyvinyl chloride (PVC) will see the slowest growth of any major resin through 2019, as growth from in-creased shrink label applications will be offset by the loss of market share to LLDPE and LDPE. Other smaller stretch and shrink film resins, including high density polyethylene (HDPE), polypro­pylene, polyethylene terephthalate (PET), and biodegradable resins, will experience above-average growth in demand as a whole going forward.

Shrink film to outpace larger stretch film segment

Stretch film will increase by 3.4 percent annually to $2.1 billion dollars in 2019, benefiting from advantages in labor and energy savings. The most rapid growth is anticipated for stretch hoods due to their high throughput rate -- allowing loads to be wrapped in a shorter amount of time-- and excellent load integrity. Demand for shrink film will grow at a slightly faster pace than stretch film through 2019. Advances will be promoted by shrink film’s high clarity and excellent print capabilities, greatly enhancing product marketability in packaging applications. Growth will also be aided by increased usage in labels for beverages and other products.

Storage & distribution market to post above average growth in demand

The storage and distribution market for stretch and shrink film will post above-average increases through 2019 and ac-count for more than half of total demand. Advances will be stimulated by increased retail trade and industrial activity, as well as export markets. Pallet wrap, due to its superior unitizing qualities and special­ized mechanized application processes for mass packing, will comprise the majority of demand. Product packaging demand gains will be spurred by greater prevalence of opportunities in bulk packaging and stretch and shrink label applications, particularly within dairy and beverage markets. Stretch and shrink film advantages include cost effectiveness and source reduction capabilities compared to corrugated boxes and other packaging.

Study coverage

This upcoming Freedonia industry study, Stretch & Shrink Film presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by type (stretch film, shrink film), market (e.g., beverage pack-aging, food packaging, paper and textile product packaging, consumer product packaging, storage and distribution), application and resin. The study also con-siders key market environment factors, assesses company market share, and pro-files 34 participants in the US industry.

Table Of Contents

US Stretch and Shrink Film Market
TABLE OF CONTENTS

INTRODUCTION ix

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Outlook 4
Demographic Trends 9
Consumer Income and Spending 12
Manufacturing Outlook 15
Food and Beverage Industry Overview 20
Packaging Industry Overview 23
Plastic Film Industry Overview 26
Technological Developments 28
Pricing Trends 31
Regulatory and Environmental Considerations 32
Foreign Trade and International Activity 34

III. TYPES 36
General 36
Stretch Film 37
Production Methods 38
Resins 40
Products 44
Wrap 46
Hoods 47
Stretch Labels and Sleeves 49
Markets 51
Storage and Distribution 52
Pallet Unitization 53
Bundling and Other 56
Product Packaging 57
Food 59
Paper and Textile Products 60
Beverages 60
Consumer and Other 61
Producers 61
Shrink Film 64
Resins 65
Products 70
Wrap 72
Bags 73
Labels 74
Hoods and Other 76
Markets 77
Product Packaging 78
Storage and Distribution 81
Producers 82

IV. MARKETS 86
General 86
Product Packaging 87
Food Packaging 89
Meat, Poultry, and Seafood 91
Dairy 95
Fresh Produce 96
Other Foods 98
Beverages 99
Paper and Textile Products 101
Consumer Products 103
Types 105
Uses 105
Other Product Packaging 106
Storage and Distribution 108
Pallet Unitization 109
Stretch 110
Shrink 111
Other Storage and Distribution 112
Market Segments 113
Manufacturing 115
Warehousing 116
Construction and Other 117

V. RESINS 118
General 118
Linear Low Density Polyethylene 120
Low Density Polyethylene 122
Polyvinyl Chloride 124
Other Resins 126

VI. INDUSTRY STRUCTURE 130
General 130
Market Share 132
Mergers and Acquisitions 135
Marketing Strategies 137
Channels of Distribution 139
Research and Development 140
Manufacturing 141
Competitive Strategies 142
Company Profiles 144
Accutech Films, see Novolex
AEP Industries Incorporated 145
Allied Plastics Holdings, see Sigma Plastics Group
American Fuji Seal, see Fuji Seal International
AmTopp, see Inteplast Group
Anchor Packaging Incorporated 148
Bemis Company Incorporated 149
Berry Plastics Group Incorporated 151
Bollore Group 153
Bonset America, see ITOCHU
Cenveo Incorporated 155
Charter NEX Films Incorporated 157
Clysar LLC 158
CMS Gilbreth Packaging Systems, see Cenveo
Coastal Films of Florida, see Sigma Plastics Group
Coveris Holdings SA 160
C-P Flexible Packaging 161
Danafilms, see RKW
Dow Chemical Company 163
DuPont (EI) de Nemours 165
Dwyer (RB) Company Incorporated 166
Exopack Holdings Sarl, see Coveris Holdings
Exxon Mobil Corporation 168
FlexSol Packaging, see Sigma Plastics Group
Fortune Plastics, see Novolex
Fuji Seal International Incorporated 169
Hilex Poly, see Novolex
Hood Companies 171
Ideal Sleeves International, see Dwyer (RB)
Illinois Tool Works Incorporated 172
Inteplast Group Limited 173
Intertape Polymer Group Incorporated 175
ISO Poly Films, see Sigma Plastics Group
ITOCHU Corporation 177
ITW Muller, see Signode Industrial Group
Jindal Poly Films Limited 179
Klöckner Pentaplast Group 181
McNeely Plastic Products, see Sigma Plastics Group
Mercury Plastics, see Sigma Plastics Group
MRI Flexible Packaging, see C-P Flexible Packaging
Muller LCS, see Signode Industrial Group
Niaflex, see Inteplast Group
Norflex Incorporated 183
Novolex 184
Omega Plastics, see Sigma Plastics Group
Pactiv, see Reynolds Group Holdings
Paragon Films Incorporated 185
Performance Packaging, see Sigma Plastics Group
Poly Plastic Products, see Sigma Plastics Group
Poly-America LP 187
Presto Products, see Reynolds Group Holdings
Printpack Incorporated 188
Republic Bag, see Sigma Plastics Group
Reynolds Group Holdings Limited 190
RKW SE 193
Santa Fe Packaging, see Sigma Plastics Group
Sealed Air Corporation 195
Sigma Plastics Group 198
Signode Industrial Group LLC 202
SKC Company Limited 204
SleeveCo Incorporated 205
Source One Packaging LLC 206
Strapex, see Signode Industrial Group
Taghleef Industries LLC 208
Western Plastics Limited 210
Other Companies Mentioned in Study 212

LIST OF TABLES


SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 8
2 Population and Households 12
3 Personal Consumption Expenditures 15
4 Manufacturers' Shipments 19
5 Food and Beverage Shipments 23
6 Packaging Supply and Demand 26
7 Plastic Film Demand by Resin 28
8 Stretch and Shrink Film Pricing 32

SECTION III -- TYPES
1 Stretch and Shrink Film Demand by Type 37
2 Stretch Film by Production Method 40
3 Stretch Film Demand by Resin 43
4 Stretch Film Demand by Product 45
5 Stretch Film Demand by Market 52
6 Stretch Film Demand in Storage and Distribution 53
7 Stretch Film Demand in Product Packaging 58
8 Shrink Film Demand by Resin 69
9 Shrink Film Demand by Product 71
10 Shrink Film Demand by Market 77
11 Shrink Film Demand in Product Packaging 80
12 Shrink Film Demand in Storage and Distribution 82

SECTION IV -- MARKETS
1 Stretch and Shrink Film Demand by Market 87
2 Product Packaging Market for Stretch and Shrink Film 88
3 Food Market for Stretch and Shrink Film by Type and Use 90
4 Meat, Poultry, and Seafood Market for Stretch and Shrink Film by Type 92
5 Dairy Market for Stretch and Shrink Film by Type 96
6 Fresh Produce Market for Stretch and Shrink Film by Type 98
7 Other Food Markets for Stretch and Shrink Film by Type 99 (continued on next page)
8 Beverage Market for Stretch and Shrink Film by Type 101
9 Paper and Textile Markets for Stretch and Shrink Film by Type and Use 103
10 Consumer Product Market for Stretch and Shrink Film by Type and Use 104
11 Other Product Packaging Markets for Stretch and Shrink Film by Type and Use 108
12 Storage and Distribution Market for Stretch and Shrink Film by Type 109
13 Stretch and Shrink Film Demand in Storage and Distribution by Market 114

SECTION V -- RESINS
1 Stretch and Shrink Film Demand by Resin 119
2 Linear Low Density Polyethylene Demand in Stretch and Shrink Film by Type 122
3 Low Density Polyethylene Demand in Stretch and Shrink Film by Type 123
4 PVC Demand in Stretch and Shrink Film by Type 126
5 Other Resin Demand In Stretch and Shrink Film by Resin and Type 129

SECTION VI -- INDUSTRY STRUCTURE
1 Stretch and Shrink Film Sales by Company, 2014 131
2 Selected Acquisitions and Divestitures 137

LIST OF CHARTS


SECTION III -- TYPES
1 Stretch Film Demand by Resin, 2014 44
2 Stretch Film Demand by Product, 2014 45
3 Stretch Film Demand in Product Packaging, 2014 59
4 Shrink Film Demand by Resin, 2014 70
5 Shrink Film Demand by Product, 2014 72
6 Shrink Film Demand in Product Packaging, 2014 81

SECTION IV -- MARKETS
1 Product Packaging Market for Stretch and Shrink Film, 2014 89
2 Food Packaging Market for Stretch and Shrink Film, 2014 91
3 Storage and Distribution Market for Stretch and Shrink Film, 2014 115

SECTION V -- RESINS
1 Stretch and Shrink Film Demand by Resin, 2014 120

SECTION VI -- INDUSTRY STRUCTURE
1 Stretch and Shrink Film Market Share, 2014 132

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