My first Magazine Stretch and Shrink Film Market | Page 3

pharmaceutical sector , and sustainable growth in the retail industry .

Strict Government Regulations a Roadblock

Growing concerns pertaining to environmental damage and the health and safety of the people have inflicted the overall packaging industry over the years and this has resulted in the implementation of strict government legislations and rules . The enforcement of these rules has curbed not just the competition in several countries but also resulted in severe financial burden for players . This is projected to hamper the growth of the stretch and shrink films market .

Moreover , the newly formed regulations push for sustainability and eco-friendliness and the demand for biodegradable alternatives for packaging has increased . Smaller companies producing stretch and shrink films are finding it difficult to make the switch from non-biodegradable materials and this is likely to adversely impact the market .

Browse Full Press Release on Flexible Packaging Market :

http :// www . transparencymarketresearch . com / pressrelease / st retch-shrink-film-market . htm

Registering Strong Growth , Asia Pacific to Continue its Lead through 2024