The stretch hooding method of pallet wrapping offers advantages in terms of operational costs, efficiency, durability and sustainability. Stretch hood is among the fastest expanding applications in pallet wrapping, owing to its superior package integrity and versatility in palletizing varied product loads.
For optimal load consistency, the stretch hood is formed from a continuous roll of gusseted wrap that is stretched over the pallet load. It's a fully automated process in which the machine adjusts to the height of the pallet in concern.
Stretch hood application ensures that only the exact amount of wrap required for the application is delivered, thereby saving wastage of raw material. As the wrap is not heated, energy consumption is low, and operating and maintenance costs are also reduced.
Stretch hood pallet wrapping is flexible enough to be stretched twice their original size to wrap around a pallet. This saves producers costs because they don't have to change the wrapping for different sizes of pallets on a regular basis, which saves them money on both consumables and energy.
Due to rapid technical advancements, stretch hood pallet wrapping is becoming increasingly prevalent. The demand for new technology has risen as the population has shifted from rural to urban areas. As a result, customers have been accustomed to receiving goods sooner and for a minimal cost of delivery. Manufacturing has grown more specialized and customer-focused, resulting in a significant increase in the demand.
The expansion of stretch hood pallet wrapping is expected to be fueled by industries like automobile, food industry, chemicals, and construction among others. Another aspect boosting the demand is the rise of e-commerce. Increasing use of e-commerce has led to rise in the demand of stretch hood pallet wrapping from freight companies, which play a key role in the supply cycle of the market.
The fact that stretch hood wraps are made of plastic is one of the key concerns related with their use. Plastic, if not properly disposed, can do harm to the environment. To address this issue, a number of manufacturers have highlighted the introduction of sustainable stretch hood pallet wraps made of recyclable or recycled plastic.
The South Asia & Pacific region is forecasted to witness substantial growth in the stretch hood pallet wrapping demand owing to the vast domestic market, along with rapidly rising population in prominent regions like India. Government efforts such as ‘Production Incentive Scheme' and ‘Make in India' are expected to foster a healthy industrial environment, which in turn is expected to bolster the demand of in the coming years.
The stretch hood pallet wrapping demand in East Asia is expected to witness steady growth throughout the forecast period. Countries like Japan are renowned for exporting electronics and automobiles to various parts of the world. Transportation of these goods requires protection from external damage. This is expected to spur the sale of stretch hood pallet wrapping in the region. In addition, technologically advanced stretch hood machines allow for faster packing, thereby, bolstering the demand in the region.
The stretch hood pallet wrapping sales in Europe and North America is projected to register healthy growth throughout the forecast period. The major factors driving the demand in the region can be attributed to rising automation and the prevalence of well-established infrastructure. The exceptional supply chain network and efficiently laid transportation system is also expected to contribute to the expansion of the market.
In addition, the MEA and Latin America regions are anticipated to observe steady growth owing to an increase in the manufacturing activities and rising emphasis towards R&D. Strategic collaborations are also expected to provide an impetus to the industry in these regions.
Some of the manufacturers are:
The report stretch hood pallet wrapping market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on the plastic packaging market segments and geographies.
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