Global Stretch Hood Films Market – Industry Analysis and Forecast (2020-2027)

 Global Stretch Hood Films Market was value US$ 650.0Mn in 2019 and is expected to reach US$ 1200.0Mn by 2027 at a CAGR of 7.9 %.

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Stretch hood films are projected to witness high demand from numerous industrial verticals including pharmaceuticals, food, beverage, and cosmetics. Owing to its cost-effectiveness and ease of application, stretch hood films is being preferred over other wrapping solutions that are a stretch wrap and shrink wrap.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Driving factor of the stretch hood films market are fuelling the expansion of the global stretch hood films market include technological developments faster packaging solutions and increasing automation in the packaging sector. Elasticity and effectiveness of stretch hood films enable them to be wrapped around numerous sized pallets. They have exceptional moisture and dust resistant characteristics. These properties are also propelling the development of the stretch hood films market globally.

The demand for LLDPE segment based films in the food processing industry is projected to grow on account of high transparency coupled with superior performance as a food contact material. The LLDPE sub-segment is expected to show a market evaluation of around US$ 550Mn with a robust 7.1% CAGR during the forecast period. The HDPE sub-segment is the smallest growing at a relatively low CAGR over the forecast period.

Food and beverage was the largest application for global stretch films in 2017, accounting for 45% of the market on account of high demand for packaged foods including ready-to-eat meals, snack foods, frozen meals, and bakery products. Moreover, increasing product demand for packaging fresh and frozen food items such as meat, fruits, and vegetables is predictable to drive demand.

Region-wise, Asia Pacific was the largest market, accounting for 40% of global stretch films market revenue share in 2017. The region is anticipated to dominate due to growing food & beverage, particularly in China and India. Growing demand for packaged food coupled with growing disposable income of consumers is projected to propel demand for flexible packaging during the forecast period.

Global stretch hood films market report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.

Some of the key players operating in global stretch hood films market, NPF Polyfilms, Aalmir Plastic Industries, Gebr Durrbeck Kunststoffe, UAB Umaras, Shields Bag and Printing, Manuli Stretch, Rosenflex (UK) Limited.
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Global Stretch Hood Films Market, by Material type

• PE
• HDPE
• LDPE
• LLDPE
Global Stretch Hood Films Market, by Thickness

• Up to 50 microns
• 50-100 microns
• 100-150 microns
• 150 microns and above
Global Stretch Hood Films Market, by End user

• Pharmaceuticals
• Cosmetics
• Food & beverage
• Homecare
• Others
Global Stretch Hood Films Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Stretch Hood Films Market

• NPF Polyfilms
• Aalmir Plastic Industries
• Gebr Durrbeck Kunststoffe
• UAB Umaras
• Shields Bag and Printing
• Manuli Stretch
• Rosenflex (UK) Limited
• Thrace Synthetic Packaging Limited
• Muraplast, RKW Group
• Muller Load Containment Solution
• Trioplast Industrier
• Integrated Packaging Group
• AEP Industries
• Novolex Holdings
• Sigma Plastics Group
• Coveris Holdings
• Umaras
• Specialty Polyfilms Pvt. Ltd.
• Napco Modern Tech
• RKW Group
• ERA-PACK s.r.o.
• BPI Europe
• Packaging Machinery Co. Ltd.

 

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