The DACH region’s stretch film industry is primed for substantial growth, driven by the increasing demand for eco-friendly packaging solutions. Flexible and sustainable, stretch film offers significant environmental benefits compared to traditional packaging materials
NEWARK, Del., Dec. 11, 2023 /PRNewswire/ — The DACH stretch film industry is set to attain a valuation of US$ 451 million by 2033. It reached US$ 343.9 million in 2023 from US$ 333.9 million in 2022. The industry is anticipated to witness a CAGR of around 2.8% from 2023 to 2033.
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Flexible, sustainable packaging has fewer adverse effects on the environment when compared to other conventional materials aimed at curbing rising environmental pollution. It also initiates low consumption of raw materials, less use of energy, reduced waste production, and a small carbon footprint across several industries.
Strict government policies regarding the reuse and recyclability of plastic are increasing the need for environmentally friendly flexible packaging in DACH. It is also worth mentioning that flexible packaging emits about 80% less carbon dioxide than rigid packaging.
Similarly, it cuts down solid waste by about 60%, and a whopping 80% uses fossil fuels compared to rigid packaging. Growth in demand for stretch films is predicted due to the sustainability benefits of stretch film packaging.
“The new generation of stretch films that have a lower environmental impact has been made possible thanks to innovations in polymer technologies. Demand is rising from a number of industries, including food & beverage and logistics, where stretch film’s versatility in palletizing and packaging has proven essential,” says Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry.
Key Takeaways from DACH Stretch Film Industry:
- The DACH stretch film industry witnessed a CAGR of about 1.5% between 2018 and 2022.
- Austria is set to lead the DACH region by showcasing a CAGR of 3.9% in the forecast period.
- Germany is estimated to dominate the field of pallet wrapping solutions and showcase a value CAGR of around 2.1% by 2033.
- Switzerland’s stretch film industry will likely exhibit a CAGR of 3.6% from 2023 to 2033.
- The polyethylene (PE) segment by material is set to expand 1.3 times the current value during the forecast period.
- The food & beverage segment by end-user is projected to showcase a 2.5% CAGR in the forecast period.
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Rising Popularity of Online Grocery Shopping Playing a Pivotal Role
The burgeoning popularity of online grocery shopping has brought about a transformative shift in consumer behavior, reshaping the traditional retail landscape. The paradigm shift is fueled by a confluence of factors, including technological advancements, evolving lifestyles, and the seismic effect of the COVID-19 pandemic.
Online grocery shopping is a time-saving boon for consumers. It also eliminates the need for navigating to physical store aisles, allowing individuals with busy schedules, working professionals, and multitasking families to reclaim valuable time.
As environmental consciousness grows, the surge in online grocery shopping underscores the need for sustainable packaging solutions. Consolidated deliveries and optimized routes aim to reduce the carbon footprint associated with individual trips to physical stores.
Competitive Landscape
Intertape Polymer Group Inc., The Ergis Group, Scientex Berhad, Coveris Holdings Inc., Megaplast Sa, Gebr. Dürrbeck Kunststoffe GmbH, Polifilm Group, Manupackaging Deutschland GmbH, Eurapack GmbH, Duoplast AG, and others are prominent players in the DACH stretch film industry. The Tier 1 players hold around 30% to 40% share in the DACH stretch film domain.
Leading companies are increasing their shares by creating cutting-edge goods with a number of unique features. In order to supply them with improved stretch films, they are also concentrating on joint ventures and partnerships with food producers, cosmetics manufacturers, and textile manufacturers.
For instance,
- Coveris Holdings Inc. unveiled a new range of lightweight, next-generation stretch films with at least 30% recycled material in February 2022. This would reduce reliance on virgin plastics and comply with the United Kingdom’s plastic packaging tax requirements.
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Get More Valuable Insights into the DACH Stretch Film Industry Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the DACH stretch film industry, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections on the DACH stretch film industry by material (polyethylene, polypropylene, polyvinyl chloride, bio-plastics), end-use (food & beverage, pharmaceuticals, consumer products, paper, textile, cosmetics & personal care, building and construction, chemical and fertilizers), sales channel (direct sales, distributors, retail, e-commerce), and country from 2023 to 2033.
Unveiling the Dynamics of the DACH Stretch Film Market: Access Our Comprehensive Research Methodology
About the Packaging Division at Future Market Insights (FMI)
The packaging division at Future Market Insights (FMI) provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials and packaging machinery to packaging designs & formats, Future Market Insights (FMI) has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
About the Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
Explore FMI’s Extensive Coverage in the Packaging Domain:
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