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Market Analysis and Size
The global packaging industry is expected to grow during the forecast period due to widespread applications in industries such as healthcare, food and beverages, cosmetics, and other consumer and industrial goods. Stretch hood films are anticipated to be in high demand because of how affordable and simple they are to use. The rise of the global pharmaceutical and food and beverage industries is anticipated to have a favorable effect on demand for stretch hood films globally throughout the duration of the projected period.
Global Stretch Hood Films Market was valued at USD 759.88 million in 2021 and is expected to reach USD 1448.70 million by 2029, registering a CAGR of 8.40% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Material (Polyethylene, Plastomers, Elastomers, Ethylene Vinyl Acetate, Others), Thickness (Up to 50 Microns, 50-100 Microns, 100-150 Microns, 150 Microns and Above), Application (Ceramic, Tiles and Bricks, Cement, Building Adhesives, Fertilizers, Topsoils and Compost, Pellets, Fodder, Wheat and Cereals, Others), End User (Pharmaceuticals, Cosmetics, Food and Beverage, Homecare, Others) |
Countries Covered | U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa |
Market Players Covered | Eltech K-Laser s.r.l. (Taiwan), Kurz (Germany), Unifoil (U.S.), Light Logics Holography and Optics (India), Lasersec Technologies Pvt. Ltd. (India), Uflex Limited (India), Polinas (Turkey), Spectratek (U.S.), API Group (U.K.), Integraf LLC (U.S.), Everest Holovisions Limited (India), Holostik (India), Kama Holdings limited (India), Offset Group (Bulgaria), Zhejiang Jinghua Laser (China), SVG Optronics,Co., Ltd., (China) and Shantou Wanshun (China) |
Market Opportunities |
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Market Definition
Stretch hood films is a kind of pallet wrapping that entails stretching a very strong stretch film over and around a pallet filled with finished goods. The film is stretched and pulled over the load using a stretch hooder device from the top to the base of the pallet, resembling a hood.
Stretch Hood Films Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growth In Demand for Stretch Hood Films
Stretch hood films are anticipated to have strong demand from a number of industrial sectors, including the food, beverage, pharmaceutical, and cosmetic industries. Stretch hood films are chosen over other wrapping options like stretch wrap and shrink wrap due to their affordability and simplicity of use. The rise of the global pharmaceutical and food and beverage industries over the past few decades is anticipated to have a favorable effect on demand for stretch hood films globally throughout the duration of the projected period. In the world's emerging economies, the cosmetics business has also emerged as a booming sector, and the trend is predicted to continue during the forecast period.
Furthermore, the creation of new government legislation supporting packaging solutions and rising disposable income all contribute to the market's expansion. The expanding demand for sustainable sources in delivery and other food services will drive market value growth. The market growth rate is being actively driven by the several benefits, including affordability, energy efficiency, user-friendliness, and a quicker and better alternative than shrink film goods.
Opportunities
- Research and Development Activities
The market players are largely investing across research and developmental activities which further extends various profitable opportunities to the market players in the forecast period of 2022 to 2029.
- Advancement and Development
Stretch hood film producers have developed a novel process in which the film is transformed into biogas, which is often collected at landfills and converted back into electricity. In addition, they are providing plastomer material alternatives to conventional EVA-based constructions for stretch hood packing. With these stretch hood films, holding power and puncture resistance are improved. As a result, the manufacturers of stretch hood films now have the chance to produce films made of recycled plastic.
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The stretch hood films market is segmented on the basis of material, form, thickness, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Polyethylene
- Plastomers
- Elastomers
- Ethylene Vinyl Acetate
- Others
Thickness
- Up to 50 Microns
- 50-100 Microns
- 100-150 Microns
- 150 Microns and Above
Application
- Ceramic
- Tiles and Bricks
- Cement
- Building Adhesives
- Fertilizers
- Topsoils and Compost
- Pellets
- Fodder
- Wheat and Cereals
- Others
End User
- Pharmaceuticals
- Cosmetics
- Food and Beverage
- Homecare
- Others
Table of Contents for a Stretch Hood Films Market Research Article:
- Introduction
- Background and Overview
- Objective of the Study
- Scope of the Stretch Hood Films Market Research
- Methodology
- Data Collection
- Data Analysis
- Research Approach
- Sampling Techniques
- Research Instruments
- Executive Summary
- Key Findings
- Stretch Hood Films Market Overview
- Stretch Hood Films Market Trends and Insights
- Stretch Hood Films Market Overview
- Stretch Hood Films Market Definition
- Stretch Hood Films Market Segmentation
- Stretch Hood Films Market Size and Growth Rate
- Stretch Hood Films Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porter's Five Forces Analysis
- Stretch Hood Films Market Trends and Insights
- Emerging Technologies
- Consumer Behavior and Preferences
- Regulatory Landscape
- Competitive Analysis
- Stretch Hood Films Market Segmentation
- Product Type
- Application
- Region
- End-User
- Other Relevant Segments
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Stretch Hood Films Market Share Analysis
- Key Players Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments
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