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  Stretch and Shrink Film Market: Snapshot The global  stretch and shrink films market  was valued at US$14.1 bn in 2015 and is projected to reach US$21.1 bn by 2024. The sales revenue is expected to rise at a CAGR of 5.2% during the forecast period, owing to the increased demand for packaged foods and beverages. Over the last few years, the industry has witnessed the emergence of multiple players operating globally. However, Transparency Market Research has found that there is an increasing shift in dynamics towards market consolidation. TMR Predicts Limited Growth for Stretch and Shrink Films in Food and Beverages Sector By product type, the stretch and shrink films market is led by shrink films and the segment is estimated to be most preferred product type throughout the forecast period owing to the rising applications of light-weight packaging films. The low density polyethylene (LDPE) material segment is the leading contributor to the growth of st...