Market Share of North America Shrink and Stretch Film Industry
The North American shrink and stretch film market is moderately consolidated due to many players entering the packaging market. Moreover, innovations and developments by players are making the market competitive. Some of the key developments in the market are:
- August 2021: the flexible packaging vendor, C-P Flexible Packaging, announced the acquisition of Prestige-Pak Inc., a private Wisconsin manufacturer that focuses on shrink and other types of films for the retail food market. C-P Flexible Packaging is a portfolio of the New York-based private equity firm First Atlantic Capital. With this latest acquisition, C-P Flexible expanded its multi-plant manufacturing base to provide rapid response and print quality.
- November 2021: Innovia Films, a subsidiary of Ontario-based CCL Industries, launched a new film in its Propafilm range of transparent specialty packaging films on the innovation front. CHS offers improved thermal resistance and shrinkage properties compared to conventional polypropylene films. It is designed to substitute traditional outer web films in laminates for applications such as pouches and lidding in various food markets.
North America Shrink & Stretch Film Market Leaders
Berry Global Inc.
Klockner PentaPlast Group
Amcor PLC
Clondalkin Group Holdings BV
Dow Inc.
*Disclaimer: Major Players sorted in no particular order
