CLEVELAND (Dec. 21, 1:30 p.m. ET) – U.S. demand for stretch and shrink film will grow 3.3 percent yearly to $2.4 billion in 2015, according to a new market study.
Growth will be driven by factors including competitive advantages over other materials and improvements in resin and machinery, according to “Stretch & Shrink Film,” from Cleveland's Freedonia Group Inc.
Stretch film demand will increase 2.8 percent annually through 2015 to $1.4 billion. Demand for shrink film will grow 4.2 percent annually to $970 million in 2015.
Low density polyethylene is the leading stretch and shrink film resin. According to the report, PVC film demand will remain flat, but it forecasts value gains based on price increases.
The 205-page report costs $4,800.
