The price of stretch film packaging has been rising due to the impact of war on Ukraine and sticky inflation situation across countries around the globe. Covid pandemic has also put a stress on the supply of materials to produce stretch films with demands far more than the supply chain can handle. In spite of steady rise in price of stretch films, there are still a strong demand for medicine packaging, consumer product packaging, food and beverage packaging, industrial bulk product packaging.
Around the world, stretch film packaging are very popular form of packaging fruits, vegetables, fresh meat, bread, food, poultry, fish and also medical supplies. China and europe are some of the biggest market user of stretch film packaging due to its export supply of items as mentioned above.
Even with the fear of recession arriving soon, the stretch film packaging market will continue to be strong and growing because a lot of consumers products requires the use of stretch film to transport goods either to grocery supermarket or to pharmacies around the world. People are not going to stop eating food or taking medicine for their illness during recession. Those are the bare necessities of life requirements.
