Sarasota, FL -- (SBWire) -- 11/05/2018 --Global Stretch Hood Films Market: Overview
A stretch hood film is cost-effective and reliable packaging solution that is used for a wide range of products, to minimize product damage during transit. This product is used on the pallet like that of stretch films, with the exception that it uses heat for tightly packing the pallets. The use of stretch hood films helps in reducing film wastage and the overall packaging charge. The demand and popularity of the global stretch hood films market can be attributed to its extensive application across various industries for packaging, such as pharmaceuticals, cosmetics, food and beverage, etc.
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Global Stretch Hood Films Market: Growth Factors
The major driver in the stretch hood films market is the increase in the demand of these films from various industries, such as food and beverage, cosmetics, pharmaceuticals, etc. Owing to stretch hood films' cost-efficient nature and ease of application, these films are more preferred as compared to other wrapping solutions, such as shrink wrap and stretch wrap. This is also contributing to the growth of this market on a global scale/. Other factors fuelling the expansion of the stretch hood films market include technological developments faster packaging solutions and rising automation in the packaging sector. Elasticity and effectiveness of stretch hood films enable them to be wrapped around various sized pallets. They have excellent moisture and dust resistant characteristics. These properties are also propelling the development of the global stretch hood films market.
Several governmental regulations related to plastic usage and the lack of technology to recycle plastic might hamper this market's growth on a global scale.
Global Stretch Hood Films Market: Segmentation
The stretch hood films market is divided based on thickness, material, and end-use. Based on thickness, the stretch hood films market is classified into up to 50 microns, 50-100 microns, 100-150 microns, and 150 microns and above. On the basis of material, the market for stretch hood films is fragmented into polyethylene (LLDPE, HDPE, and LDPE), plastomers, elastomers, and others, and ethylene vinyl acetate. Based on end-user, the stretch hood films market is fragmented into chemical and fertilizers, textile, paper, consumer products, pharmaceuticals, food and beverage, and construction.
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Global Stretch Hood Films Market: Regional Analysis
The global stretch hood films market is categorized into five major regions: Latin America, North America, Europe, the Middle East and Africa, and Asia Pacific. Europe is likely to dominate the market for stretch hood films in the upcoming years. This is due to the region's extensive use of this market's material segment, especially polyethylene. The Asia Pacific region is projected to show a good growth rate in the market for stretch hood films in the future. This is due to the rapid development of the cosmetic and pharmaceutical industries in emerging economies, such as India and China. The demand for stretch hood films by these industries is on a rise.
Global Stretch Hood Films Market: Competitive Players
Some key players in the global stretch hood films market are 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, and Coveris Holdings, among others.
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Global Stretch Hood Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Stretch Hood Films Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024