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Canada Stretch and Shrink Wrap Market

Canada Stretch and Shrink Wrap Market: Information by Material (Hoods, Sleeves and Labels), Resin (LLDPE, LDPE, PVC), End-User (Food and Beverage), and Country—Forecast till 2030

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Market Overview

The Canada stretch and shrink wrap market size witnessed significant growth in the past and is expected to grow at a CAGR of 4.7% during the forecast period (2022-2030).


  • Sleeves And Labels dominate the market by Material. 
  • LDPE dominates the market by Resin.
  • Food and Beverages dominate the market by End Users.

Stretch wrap is a thin, flexible plastic sheet to lock and secure cased items onto a pallet. It is commonly constructed of polyethylene. When heated, shrink wrap can be used to cover products loosely. Once heated, the shrink wrap secures the goods.

Market Snapshot

Base Year:
Study Period:
4.7 %
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Market Dynamics

Canada Stretch and Shrink Wrap Market Drivers

COVID has Propelled the Demand for Stretch and Shrink Films

The COVID outbreak has seriously impacted the world ecology, negatively affecting both daily life and industry. The food and beverage business has seen enormous demand throughout this epidemic period. The USD 900 billion per year global packaging business is on the front lines, with food packaging being its major activity area. This situation has mandated the requirement for a flexible and hygienic packaging method. In addition to COVID, rising customer demand for high-quality products and food safety is another factor driving the need for hygienic packaging. Due to the high cost of cold chain transportation, there is an increasing need for this type of packaging in China and India, where food is needed to be conveyed to rural areas.

Canada Stretch and Shrink Wrap Market Restraints

Intense Competition by Conventional Packaging

The global demand for packaging exceeded USD 917.1 billion in 2019 and is anticipated to increase significantly over the next five years. Online and e-commerce shopping is expanding significantly at the same time. Stretch and shrink film manufacturers should expect fierce competition from traditional packaging methods like corrugated packaging, films, and containers. Since stretch and shrink films don't offer enough protection, many products on the global markets aren't wrapped in them. However, more research and development into the quality of stretch and shrink films is anticipated to boost their demand in global markets.

Canada Stretch and Shrink Wrap Market Opportunities

Rising Sales of Retail Products and Online Shopping 

Rising retail goods sales and moving towards online shopping will positively impact the industry. Consumers are predicted to consume more snacks than conventional foods, increasing demand for packaged goods and propelling market expansion. For instance, the worldwide market for online shopping will reach more than $4 trillion in 2020 due to its rapid growth. And by 2023, there will likely be 300 million internet buyers in Canada alone. That represents 91% of all people living in the nation. During the forecast period, it is anticipated that this enormous demand will significantly impact the market for stretch and shrink films.

Segmental Analysis

The Canada stretch and shrink wrap market is segmented based on Type, Product, Distribution Channel, and Country.

Based on material, the market is segmented by Hoods, Sleeves, Labels, and Wraps.

Sleeves and Labels dominated the market and are expected to register a CAGR of 5.4% over the forecasted period.

Based on Resin, the market is segmented by LLDPE, LDPE, PVC, and Others.

LDPE dominated the market and is expected to register a CAGR of 4.4% over the forecasted period.

Based on End-Users, the market is segmented by Food and Beverage, Industrial Packaging, Consumer Goods, and Pharmaceuticals.

Food and Beverage dominated the market and is expected to register a CAGR of 5.2% over the forecasted period.

Find Regional level market intelligence here !

Regional Analysis

Canada's stretch and shrink wrap market is a vibrant and expanding sector within the packaging industry. For securing and safeguarding various products during transit, storage, and retail displays, stretch and shrink wrap are frequently employed. These packaging materials provide good load stability, moisture and dust resistance, and tamper-evident characteristics.

Intense competition and ongoing innovation are hallmarks of the Canadian stretch and shrink-wrap sector. The market's leading players are spending in R&D on producing cutting-edge packaging solutions that increase functionality, use less material, and are more sustainable.

Regional Growth Insights Download Free Sample

Top Key Players of Canada Stretch and Shrink Wrap Market

  1. Berry Global Inc
  2. Amcor plc
  3. Bonset America Corporation
  4. Allen Plastic Industries Co., Ltd
  5. Bollore Inc.
  6. American Eagle Packaging
  7. Coveris
  8. Dow

Report Scope

Report Metric Details
CAGR 4.7%
Forecast Period 2023-2031
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
  1. By Material
    1. Hoods
    2. Sleeves And Labels
    3. Wraps
  2. By Resin
    1. LLDPE
    2. LDPE
    3. PVC
    4. Others
  3. By End User
    1. Food and Beverage
    2. Industrial Packaging
    3. Consumer Goods
    4. Pharmaceuticals

Recent Developments

  • Mar 2023- Dow announced that the USD 13 billion purchase of DuPont's Performance Materials and Coatings unit had been completed. The merger will establish a world leader in specialized materials.

Canada Stretch and Shrink Wrap Market Segmentations

By Material

  • Hoods
  • Sleeves And Labels
  • Wraps

By Resin

  • LDPE
  • PVC
  • Others

By End User

  • Food and Beverage
  • Industrial Packaging
  • Consumer Goods
  • Pharmaceuticals

Frequently Asked Questions (FAQs)

What is the growth rate for the Canada stretch and shrink wrap market?
The Canada stretch and shrink wrap market growing at a CAGR of 4.7% from (2023–2031).
COVID has propelled the demand for stretch and shrink films is the key driver for the growth of the Canada market.
LDPE segment is the leading segment for the market during the forecast period.
The key players in the Canada market include Berry Global Inc, Amcor plc, Bonset America Corporation, Allen Plastic Industries Co., Ltd, Bollore Inc., American Eagle Packaging, Coveris, Dow.
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