스트레치 후드 필름 시장 예측(-2030년) : 재료 유형별, 필름 유형별, 두께별, 기능별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Stretch Hood Films Market is accounted for $885.4 million in 2023 and is expected to reach $1567.4 million by 2030 growing at a CAGR of 8.5% during the forecast period. Stretch hood films are specialized packaging materials used in palletizing applications to secure and protect loads during transportation and storage. Made from high-performance polyethylene, these films are stretchable, providing superior load containment and stability. They offer excellent puncture resistance, tear strength, and elasticity, ensuring the integrity of palletized goods while minimizing film usage and optimizing efficiency in packaging operations.

Market Dynamics:

Driver:

Growing demand for efficient and sustainable packaging solutions in various industries

The increasing demand for efficient and sustainable packaging solutions across various industries acts as a significant driver in the Stretch Hood Films market. As businesses seek to optimize their packaging processes while reducing environmental impact, stretch-hood films offer a compelling solution. Their ability to provide superior load containment, stability, and reduced film usage aligns with the growing emphasis on sustainability and cost-effectiveness. This demand is further fueled by advancements in film technology, enhancing their performance and appeal to industries looking for innovative packaging solutions.

Restraint:

Fluctuating raw material costs

These films are primarily made from polyethylene; any fluctuations in the prices of crude oil, which is a key raw material for polyethylene production, directly impact production costs. Manufacturers may face difficulties in maintaining stable pricing for stretch-hood films, which can affect profit margins and competitiveness. Additionally, sudden spikes in raw material costs may necessitate adjustments in pricing strategies or alternative sourcing methods to mitigate the impact on the overall business operations.

Opportunity:

Technological advancements

Innovations such as improved film formulations, manufacturing processes, and machinery automation enhance product performance and production efficiency. For instance, developments in film composition result in enhanced strength, elasticity, and sustainability, meeting evolving industry requirements. Furthermore, automation and digitalization in manufacturing streamline operations, reduce costs, and ensure consistent product quality. These technological advancements not only drive market growth but also enable manufacturers to stay competitive by offering innovative solutions that cater to the diverse needs of customers across various industries.

Threat:

Availability of substitutes

Alternative packaging solutions, such as stretch wrap, shrink wrap, and strapping systems, compete for market share by offering similar functionalities in load containment and stability. These substitutes may appeal to businesses seeking cost-effective options or those with specific packaging requirements. Additionally, advancements in alternative technologies and materials, such as biodegradable or compostable packaging, further intensify competition and challenge the market dominance of stretch hood films, impacting their market share.

Covid-19 Impact:

The COVID-19 pandemic has impacted the stretch hood films market in several ways. Supply chain disruptions, reduced manufacturing activities, and fluctuating raw material prices have affected production and distribution. Additionally, decreased industrial activities and logistics challenges have slowed demand for packaging materials. However, increased focus on hygiene and safety measures may drive demand for stretch hood films in sectors like food and pharmaceuticals, offsetting some losses.

The palletization segment is expected to be the largest during the forecast period

In the stretch hood films market, the palletization segment is anticipated to dominate during the forecast period due to its widespread adoption across various industries. Palletization offers efficient and organized stacking of goods, enhancing handling, transportation, and storage processes. Stretch hood films play a crucial role in securing and stabilizing palletized loads, ensuring product integrity during transit. Moreover, advancements in palletization technology and the increasing use of automated packaging solutions further drive the demand for stretch hood films in this segment.

The 50-100 microns segment is expected to have the highest CAGR during the forecast period

The 50-100 microns segment is projected to experience the highest growth rate in the stretch hood films market during the forecast period. This growth can be attributed to the segment's versatility and ability to offer optimal performance across various industries. Films within this thickness range provide sufficient strength, elasticity, and load stability while minimizing material usage, making them ideal for cost-effective and sustainable packaging solutions. As industries prioritize efficiency and sustainability, demand for these films is expected to increase steadily.

Region with largest share:

Over the forecast period, Asia Pacific is poised to dominate the stretch hood films market due to several factors. Rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Southeast Asian nations are driving the demand for efficient packaging solutions. Additionally, increasing investments in manufacturing sectors and rising consumer awareness of sustainable packaging practices contribute to the region's growth. Moreover, favorable government policies and initiatives further support market expansion, solidifying Asia Pacific's position as a key market leader in stretch hood films.

Region with highest CAGR:

Over the forecast period, Europe is positioned for rapid growth in the stretch hood films market owing to the region's robust industrial sector, stringent regulations promoting sustainable packaging solutions, and increasing adoption of advanced packaging technologies. Additionally, growing awareness among industries regarding the benefits of stretch hood films in terms of load stability, product protection, and reduced material usage is driving demand. These factors collectively contribute to Europe's promising growth prospects in the stretch hood films market.

Key players in the market

Some of the key players in Stretch Hood Films Market include AEP Industries Inc., Allfo Vakuumverpackungen Hans Bresele Kg, Berry Global Group, Inc., Bollore SE, Charter Next Generation, Coveris Group, Elasto Proxy Inc., FlexSol Packaging Corp., Integrated Packaging Films, Inc., Malpack Corp., Mondi Group, Novolex Holdings, Inc., Paragon Films, Inc., Plastopil Hazorea Company Ltd., RKW Group, Sigma Stretch Film Corp., Silgan Holdings Inc., Thrace Plastics Co. SA and Trioplast Industrier AB.

Key Developments:

In February 2024, Charter Next Generation (CNG), a leading sustainable film creator, expanded its Titanium 5(TM) Stretch Hood film range to include Titanium 5P(TM) with 20% post-consumer recycled material. The new film has been road-tested and performs as well as or better than traditional film while also helping to achieve environmental goals.

In February 2023, Berry Global's flexible films business introduced a next-generation version of its popular stretch hood film that contains at least 30% recycled plastic. This will enable firms to achieve their own sustainability goals while also satisfying the requirements of existing and future British and European plastics packaging laws.

Material Types Covered:

• Polyethylene (PE)
• Polypropylene (PP)
• Ethylene Vinyl Acetate (EVA)
• Other Material Types

Film Types Covered:

• Pre-stretched Films
• Non-pre-stretched Films

Thickness Covered:

• Up to 50 microns
• 50-100 microns
• 100-150 microns
• Above 150 microns

Functionalities Covered:

• Anti-static Films
• Puncture Resistance Films
• Self-adhering Films
• Tear Resistance Films
• UV-resistant Films

Applications Covered:

• Palletizing
• Bundling
• Building Adhesives
• Cement Bags
• Tiles & Bricks
• Other Applications

End Users Covered:

• Food & Beverage
• Agriculture
• Building & Construction
• Chemicals & Fertilizers
• Pharmaceuticals
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Stretch Hood Films Market, By Material Type

• 5.1 Introduction
• 5.2 Polyethylene (PE)
  • 5.2.1 Low-Density Polyethylene (LDPE)
  • 5.2.2 Linear Low-Density Polyethylene (LLDPE)
  • 5.2.3 High-Density Polyethylene (HDPE)
• 5.3 Polypropylene (PP)
• 5.4 Ethylene Vinyl Acetate (EVA)
• 5.5 Other Material Types

6 Global Stretch Hood Films Market, By Film Type

• 6.1 Introduction
• 6.2 Pre-stretched Films
• 6.3 Non-pre-stretched Films

7 Global Stretch Hood Films Market, By Thickness

• 7.1 Introduction
• 7.2 Up to 50 microns
• 7.3 50-100 microns
• 7.4 100-150 microns
• 7.5 Above 150 microns

8 Global Stretch Hood Films Market, By Functionality

• 8.1 Introduction
• 8.2 Anti-static Films
• 8.3 Puncture Resistance Films
• 8.4 Self-adhering Films
• 8.5 Tear Resistance Films
• 8.6 UV-resistant Films

9 Global Stretch Hood Films Market, By Application

• 9.1 Introduction
• 9.2 Palletizing
• 9.3 Bundling
• 9.4 Building Adhesives
• 9.5 Cement Bags
• 9.6 Tiles & Bricks
• 9.7 Other Applications

10 Global Stretch Hood Films Market, By End User

• 10.1 Introduction
• 10.2 Food & Beverage
• 10.3 Agriculture
• 10.4 Building & Construction
• 10.5 Chemicals & Fertilizers
• 10.6 Pharmaceuticals
• 10.7 Other End Users

11 Global Stretch Hood Films Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 12.1 AEP Industries Inc.
• 12.2 Allfo Vakuumverpackungen Hans Bresele Kg
• 12.3 Berry Global Group, Inc.
• 12.4 Bollore SE
• 12.5 Charter Next Generation
• 12.6 Coveris Group
• 12.7 Elasto Proxy Inc.
• 12.8 FlexSol Packaging Corp.
• 12.9 Integrated Packaging Films, Inc.
• 12.10 Malpack Corp.
• 12.11 Mondi Group
• 12.12 Novolex Holdings, Inc.
• 12.13 Paragon Films, Inc.
• 12.14 Plastopil Hazorea Company Ltd.
• 12.15 RKW Group
• 12.16 Sigma Stretch Film Corp.
• 12.17 Silgan Holdings Inc.
• 12.18 Thrace Plastics Co. SA
• 12.19 Trioplast Industrier AB