The Stretch Hood Films Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Pharmaceuticals, Cosmetics, Food & Beverage, Homecare, and Others during the forecast period.
Stretch hood film offers a genuine and cost-efficient packaging solution for different products, which helps in minimizing product damage, during transportation and logistics. The incomparable design, it is applied to the pallet as the stretch film, apart from using heat to firmly pack the pallets with the film. This methodology has helped in limiting the wastage of film and this has reduced overall packaging cost.
Segment Analysis:
Stretch hood films were firstly made by LDPE and LLDPE. The use of these polymers makes the product less expensive as well as improves its relevance over different pallet profiles. Industries like pharmaceuticals, food and beverage, cosmetics, etc. are progressively utilizing stretch hood films for packaging of their products during transportation. Also, it is used in packaging fresh and frozen food items such as meat, fruits, and vegetables.
The global stretch hood film market is growing due to its cost-effectiveness and ease of application. Also, increasing technological developments and automation in the packaging sector is boosting the global stretch hood films market. Additionally, stretch hood films help in reducing film wastage and overall packaging charges, which makes them more preferable than the other wrapping solutions. These all factors are fuelling the growth of the global stretch hood films market.
Key Factors Impacting Market Growth:
- Reliable and cost-effective packaging solutions
- Minimizes product damage during transportation and logistics
- Minimizes the wastage of film and reduce overall packaging cost
- Strict government regulations regarding plastic usage
- Lack of technology for plastic recycling
Regional Analysis:
The stretch hood films market by region has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America, Western Europe, and Asia Pacific are estimated to be major regions for the stretch hood films market during the forecast period. The high growth of supply chain activities to cater various industries and development of packaging solutions is key to the growth of the stretch hood films market in this region. In addition to this development of cold chain systems to cater perishable goods and government regulations on packaging waste disposal is also governing the demand for the stretch hood films market in this region. Major industries in these regions are estimated to be pharmaceuticals, cosmetics, food & beverage, home care, and others. The Asia Pacific amongst this with increasing trade activities and industrial growth is estimated to be one of the fastest-growing markets during the forecast period. Middle East region promises a strong market potential during the forecast period. The diversification of economic activities leading to industrial growth is key to the demand for the stretch hood films market in this region. South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: Packaging Machinery Co.Ltd., The Dow Chemical Company, MSK Verpackungs-Systeme GmbH, ERA-PACK s.r.o., bpi.europe, Specialty Polyfilms Pvt. Ltd., Napco Modern Plastic Products Company, NPF Polyfilms, Gebr Durrbeck Kunststoffe, Aalmir Plastic Industries, UAB Umaras, Manuli Stretch, Shields Bag and Printing, Rosenflex Limited, Muraplast, RKW Group, Thrace Synthetic Packaging Limited, Muller Load Containment Solution, Integrated Packaging Group, Trioplast Industrier, AEP Industries, Sigma Plastics Group, Novolex Holdings, and Coveris Holdings…
Market Segmentation:
By Material:
- Polyethylene
- LLDPE
- HDPE
- LDPE
- Plastomers
- Elastomers
- Ethylene Vinyl Acetate
- Others
By Thickness:
- Up to 50 Microns
- 50-100 Microns
- 100-150 Microns
- 150 Microns & Above
By End-User:
- Pharmaceuticals
- Cosmetics
- Food & Beverage
- Homecare
- Others
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Material
- By Thickness
- By End-User
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Material
- By Thickness
- By End-User
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Material
- By Thickness
- By End-User
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Material
- By Thickness
- By End-User
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Material
- By Thickness
- By End-User
- Rest of the World
- By Region (South America, Africa)
- By Material
- By Thickness
- By End-User
Reasons To Buy This Report:
- Market size estimation of the global stretch hood films market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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