Stretch Hood Films Market Forecasts to 2028 – Global Analysis By Thickness (Up to 50 Microns, 50-100 Microns, 100-150 Microns and 150 Microns, Above), End User (Homecare, Cosmetics, Paper, Construction, Textile) and By Geography
According to Stratistics MRC, the Global Stretch Hood Films Market is accounted for $784.09 million in 2020 and is expected to reach $1,608.81 million by 2028 growing at a CAGR of 9.4% during the forecast period. Cost effectiveness and ease of application, rising demand of these films from different industries are driving the market growth. However, conventional packaging solutions and the dearth of plastic recycling technology are hampering the growth of the market.
Stretch hood films are reliable and portable packaging solutions that are used for wide range of products to minimize product damage during transportation. These films are advanced palletizing films which are used in combination with stretch hood machines. Stretch hood films are mostly used as it reduces the film wastage and the overall packaging charge.
Based on the material, polyethylene (PE) segment is going to have lucrative growth during the forecast period as polyethylene is emerged as preferred material for stretch hood films. Polyethylene stretch hood films have high strength and puncture resistance and factors like excellent endurance and cost efficiency of polyethylene have made the polyethylene material the most preferred among the manufacturers.
By geography, Asia Pacific is going to have high growth during the forecast period. This growth can be attributed to the rising pharmaceutical and food and beverage sectors, especially in China and India. Increasing disposable income and busy lifestyles of consumers in the region are fueling the growing demand for packaged food, which is estimated to propel the use of flexible packaging. This, in turn will further boost the region’s stretch hood films market growth in the future.
Some of the key players profiled in the Stretch Hood Films Market include Novolex Holdings, and Coveris Holdings S.A, Integrated Packaging Group , Rosenflex, Aalmir Plastic Industries, Shields Bag and Printing Co., Trioplast Industrier AB, Manuli Stretch S.p.A., Sigma Plastics Group and The DOW Chemical Company.
Estimated Market Size in 2020:
USD 784.09 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,608.81 million
Tables, Graphs& Figures
Thickness, Material, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Up to 50 Microns
• 50-100 Microns
• 100-150 Microns
• 150 Microns and Above
• Ethylene Vinyl Acetate
• Polyethylene (PE)
End Users Covered:
• Food & Beverage
• Chemical & Fertilizers
• Consumer Product
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Stretch Hood Films Market is majorly driven by rising demand of these films from different industries, cost effectiveness and the growing technological developments and faster packaging solutions.
The polyethylene (PE) segment is growing at a highest CAGR as polyethylene stretch hood films have high strength and puncture resistance and factors like excellent endurance and cost efficiency.
North America dominated with a significant market share due to the factors such as continuous growth in pharmaceutical and cosmetic industry and growing demand for the stretch hood film in the countries of the region.
Asia Pacific market is growing at a highest CAGR owing to the pharmaceutical and food and beverage sectors, especially in China and India and increasing disposable income and busy lifestyles of consumers in the region.
Key players in Stretch Hood Films Market include Novolex Holdings, and Coveris Holdings S.A, Integrated Packaging Group , Rosenflex, Aalmir Plastic Industries, Shields Bag and Printing Co., Trioplast Industrier AB, Manuli Stretch S.p.A., Sigma Plastics Group and The DOW Chemical Company.
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