North America Shrink And Stretch Film Market Size (2024 - 2029)

North America Shrink and Stretch Film Market Analysis

The North America Shrink And Stretch Film Market size is estimated at USD 5.13 billion in 2024, and is expected to reach USD 6.16 billion by 2029, growing at a CAGR of 3.73% during the forecast period (2024-2029).

• Stretch and shrink films are polythene films made with advanced engineering. These films are used for packing items and have unique chemical properties that differentiate them in terms of flexibility and stretchability. Stretch films are thin polythene films that are flexible and elastic and are used to wrap around pallet loads, whereas shrink films are thin films wrapped around a single product or commodity and require heat to pack. These films help keep items from spoiling due to air and moisture, improving the quality of packed goods.
• Shrink sleeve labels refer to 360-degree printed labels that typically use heat in the application process to conform to the product's shape to which the label is applied. Shrink sleeve labels are printed on either side of the plastic or polyester film materials. The durability of the shrink sleeves makes them ideal for products that encounter moisture or friction.
• With various brands increasing their focus on sustainability goals for 2025, exploring more sustainability options is becoming increasingly central to meeting their pledges. Many bottled beverage producers are choosing recycle-ready polyethylene (PE) shrink film over corrugate and paperboard because it uses less energy and lowers greenhouse emissions in the distribution channel without compromising run speeds and machinability.
• Amcor stated that PE shrink is one of the most recycled types of plastic films in the United States, collected through the 18,000 in-store drop-off locations in North America. Expanding efforts to close the loop on a circular economy with post-consumer recycled (PCR) content can achieve additional sustainability benefits while providing the same versatility and performance as standard PE shrink films.
• In addition to their functional benefits, stretch and shrink films offer logistical advantages. The use of these films can significantly improve warehouse efficiency by enabling easier handling and storage of bulk products. Shrink-wrapped bundles, on the other hand, are compact and easier to stack, optimizing space utilization in storage facilities and vehicles. As a result, companies can achieve cost savings and improve overall operational efficiency in their supply chains.

North America Shrink and Stretch Film Industry Segmentation

The scope of the study characterizes the shrink and stretch film market based on the raw materials, including LDPE, LLDPE, PVC, PET, and other materials used across various end-use industries such as food, beverages, pharmaceuticals, consumer, industrial, and other end-use industries across the two countries. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period.

The North American shrink and stretch film market is segmented by product type (hoods, wraps, and sleeve labels), material (low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE), polyvinyl chloride (PVC), and polyethylene terephthalate (PET), and other materials), end-use industry (food and beverage, consumer goods, pharmaceutical, industrial, and other end-use industries), and country (United States and Canada). The report offers market sizes and forecasts in terms of value (USD) for all the above-mentioned segments.