Stretch Hood Films – A New Perspective of Improved Packaging
Stretch hood films are making their way into multiple end use applications, as pallet packaging emerges as a viable proposition for improved packaging quality. Pallets packed with stretch hood films stay resistant to damage of any sort, which makes handling and transportation of these pallets immensely easy and hassle-free. Excellent performance characteristics remain at the top of end user’s preferences, thereby pushing adoption of stretch hood films for packaging of heavy loads and safeguarding them from damage or deformation.
Stretch Hood Films Market - Key Research Findings
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The global stretch hood films market size in 2018 – Nearly US$ 680 Mn.
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The global stretch hood films market is expected to witness a CAGR of more than 7% during 2019-2029.
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High convenience of usage and economic stability –
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Stretch hood films are very efficient to use as different sizes of pallets can be wrapped with a single sized stretch hood film due to its elasticity.
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Stretch hood films are elastic enough that they can be stretched twice their original dimension.
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Stretch hood films provide economic stability to the employers, as the need to change films regularly for different sized pallets is eliminated.
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The Asia Pacific Excluding Japan (APEJ) region is expected to generate significant demand for stretch hood films in forthcoming years.
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The APEJ region has some of the world’s fastest-growing economies such as India and China. The growth in the manufacturing sector is increasing at a rapid rate over the last decade. Advancements in manufacturing, construction, automobiles, and various other end-use industries are expected to boost the overall demand for stretch hood films in these industries.
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Construction in countries such as China & India is rapidly expanding, which is expected to drive the demand for stretch hood films due to their cutting edge properties over other palletizing films. Manufacturers are moving towards automation and search for organized ways of manufacturing and delivery. Stretch hood films provide a well-structured way to palletize load.
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Moreover, lower crude prices translate to lower feedstock costs for plastics coupled with higher demand in industries for palletizing drive the demand of stretch hood films during the forecast period.
Top 3 Factors Shaping the Stretch Hood Films Market
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Sustained demand for stretch hood films as they offer excellent protection against dust and moisture
Shrink films and stretch wraps do not cover the pallet from all sides, whereas stretch hood films provide all-sided protection to the load to be unitized. No dust or moisture enters the load from any side. For food products or any such product, which needs to be kept away from water and dust, stretch hood films are the optimum choice.
The automatic operation of stretch hood films helps in covering the whole pallet load with unified packaging. This technology has proven useful for many applications such as construction, pharmaceuticals, consumer goods, and many other industrial applications.
Across the globe, such technologies have evolved through which plastic products such as stretch hood films, and other products are produced from recovered plastics. This practice is environmentally-friendly as compared to using virgin polymers, which is expected to offer a positive outlook for the global stretch hood films market during the forecast period.
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Stretch hood films enable faster packaging and better production output
Being a fully automatic system, stretch hoods films facilitate faster packaging, which in turn, increases productivity. Stretch hood films give manufacturers a chance to be very fast. Shrink hoods provide maximum packaging speed of 50-70 pallets/hour, whereas stretch hoods yield a packaging speed of almost 100-150 pallets/hour, which is nearly twice as that of shrink hoods. With increasing demand for goods, the demand for stretch hood films is likely to increase in the coming years.
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High cost and non-portable nature of stretch hood machines may slow down growth of stretch hood films market
Cost of the equipment used for the hood is very high and needs greater investment. Being an automatic technology, stretch hood machines do not require human intervention in the processing. However, it is possible that the machine may not work properly and some problem occurs. Handling equipment is needed for stretch hood films due to the large size and weight of the film rolls.
Film rolls for stretch wrapping are smaller and lighter and can be handled with ease without equipment. Also, a stretch hood machine is not portable as compared to some stretch wrap machines. This means that there are costs associated with moving the machine, should this become necessary in the plant. These factors might hamper the growth of the stretch hood films market during the forecast period.
Stretch Hood Films Market Structure Analysis
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The global stretch hood films market is classified into three tiers, where tier-1 companies hold a prominent position in the market owing to the strong presence across the globe.
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Several companies operating in the stretch hood films market maintain a strategic focus on Asia Pacific excluding Japan (APEJ) and Latin American regions as these are the high-penetration markets, looking at the rapid rate of expansion of end-use industries and the presence of high-growth economies.
Sales Revenue Set to Grow 2.12X by 2029
Multipronged advantages, ranging from operating costs, speed, and reliability, are a key reason for growing adoption of stretch hood films over other pallet packaging methods. Manufacturers of stretch hood films are emphasizing on reduced thickness and superior elasticity, for rolling out advanced products best-suited to varying needs of end users.
Opportunities Abound as Demand for Pallet Packaging Grows in Western Europe
Western Europe is likely to emerge as a leading market for stretch hood films, which reflects the accelerating adoption of stretch hood films across key European countries. Rising demand for pallet packaging formats with exceptional physical and mechanical properties across multiple end user units, such as e-commerce, is fuelling investments in the regional market.
The Broader Perspective
Manufacturers in the stretch hood films market are striving to fine-tune stiffness and robustness, transparency and gloss, stretchability & durability, and other key attributes of their offerings. This, in turn, plays a crucial role in unmatched product positioning and would help manufacturers gain advantages over their competitors in the market space.
50-100 microns to remain the highly-preferred thickness range
Demand for 100-150 microns to continue on an upward spiral
Polyethylene to continue as the widely-used material type
Demand for ethylene vinyl acetate to gather significant momentum
How Growth will Unfold
Considering the growth potential of stretch hood films market, manufacturing companies are constantly working on offering next-gen adapting to the ever-evolving end user requirements. Consequently, end use industries, including construction, pharmaceuticals, and chemicals & fertilizers, and investing in advanced stretch hood films to breathe life into their packaging prospects. This, in turn, is likely to set a buoyant tone for the global stretch hood films market.
Construction | Pharmaceuticals | Chemical & Fertilizers
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Stretch Hood Films: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI, “Stretch Hood Films: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the Stretch Hood Films, the growth prospects of the market are obtained with maximum precision.
Stretch Hood Films Market Taxonomy
The global stretch hood films is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
By Material
- Polyethylene
- LLDPE
- LDPE
- HDPE
- Ethylene Vinyl Acetate
- Plastomers, Elastomers & others
By Thickness
- Up to 50 microns
- 50-100 microns
- 100-150 microns
- 150 microns & above
By End Use
- Construction
- Food & Beverages
- Pharmaceuticals
- Consumer Product
- Paper
- Textile
- Chemical & Fertilizers
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
What's Included
The report commences with the executive summary of the stretch hood films, which includes a summary of the key findings and statistics of the market. It also includes dominating segments in the global stretch hood films, along-with key facts about stretch hood films. It also includes graphical representation of the segments according to market size and growth rate.
Readers can find detailed taxonomy and definition of the stretch hood films in this chapter, which will help them understand the basic information about stretch hood films present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the stretch hood films report.
It includes a complete analysis on the basis of the key factors influencing the global stretch hood films market. This provide readers with an in-depth value chain analysis, global pricing analysis (profitability margin), along with opportunity analysis or key trends pertaining to the stretch hood films market which will help readers to make informed decisions. Key drivers and restraints are also given in the report to understand the current market scenario.
Readers can find the market scenario, with key implications drawn from historical data and future prospects. Moreover, the historic data and forecast is supported by key understanding and rationales including Y-o-Y growth, opportunity assessment, and market value projection.
This chapter explains how the stretch hood films is expected to grow across various geographical regions, such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA) and Japan.
Based on applications, the stretch hood films is segmented into – polyethylene, ethylene vinyl acetate and plastomers, elastomers & others. In this chapter, readers can find information about key segments during the forecast period.
Based on thickness, the stretch hood films is segmented into - up to 50 microns, 50 - 100 microns, 100 - 150 microns, and 150 microns & above. In this chapter, readers can find information about key attractive segments during the forecast period.
Based on thickness, the stretch hood films is segmented into - construction, food & beverage, pharmaceuticals, consumer products, paper, textile, and chemical & fertilizers. In this chapter, readers can find information about key attractive segments during the forecast period.
This chapter includes a detailed analysis of the growth of the North American Stretch Hood Films, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of Stretch Hood Films.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America Stretch Hood Films. This chapter also includes the growth prospects of the Stretch Hood Films in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the stretch hood films based on the product and the end-user industry in several countries, such as Germany, Italy, France, Spain, U.K. Benelux, Nordic, and Rest of Western Europe, are included in this chapter.
Important growth prospects of the stretch hood films based on the product and the end-user industry in several countries, such as Russia, Poland and Rest of Eastern Europe, are included in this chapter.
This chapter highlights the growth of the stretch hood films in APEJ by focusing on China, India, ASEAN, Australia and New Zealand, and Rest of APEJ. The section also highlights data points regarding the growth of the Stretch Hood Films in the East Asian region.
This chapter provides information about how the stretch hood films will grow in major countries in the MEA region such as Northern Africa, GCC Countries, South Africa, Rest of MEA, during the forecast period 2019 - 2029.
This chapter provides information about how the stretch hood films will grow in Japan during the forecast period 2019 - 2029.
In this chapter, readers will find a comprehensive list of all leading manufacturers in the stretch hood films, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Sigma Plastics Group, Coveris Holdings S.A., Novolex Holdings, Inc., AEP Industries Inc., Integrated Packaging Group Pty Ltd., Trioplast Industrier AB, Muller Load Containment Solution, RKW Group, Muraplast d.o.o., Thrace Synthetic Packaging Limited, Rosenflex (UK) Limited, Shields Bag and Printing Co, Manuli Stretch S.p.A, Shields Bag and Printing Co, UAB Umaras, Gebr Duerrbeck Kunststoffe Gmbh Limited, Aalmir Plastic Industries, and NPF Polyfilms Pvt. Ltd.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the stretch hood films.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the stretch hood films report.
How the research was conducted?
Primary Research
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Key Segments in the Stretch Hood Films
- Market Share Analysis
- Average Selling Price (US$) and Market Growth
- Comparative Analysis of Alternative Stretch Hood Films Solutions Present in the Market
- Market Size
- Key Trends & Developments
- Competition & Key Vendor Strategies
Secondary Research
- Flexible Packaging Association
- Industry Journals
- Plastics Europe
- Food Service Packaging Industry Growth
- Annual Reports/SEC filings/Investor Presentations
Primary Interview Splits
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