Global Stretch Hood Films Market is Expected to Reach US $ 1,608.81 MN By Forecast year 2028

August 24 06:12 2021
Global Stretch Hood Films Market is Expected to Reach US $ 1,608.81 MN By Forecast year 2028
Stretch Hood Films – Global Market Outlook (2020-2028)
Stretch Hood Films Market size is expected to grow from US $ 784.09 MN in 2020 to US $ 1,608.81 MN by 2028, at a CAGR of 9.4%. a Stratistics Market Research Report

The market report “Stretch Hood Films Market by Thickness (Up to 50 Microns, 50-100 Microns, 100-150 Microns and 150 Microns and Above), Materials (Ethylene Vinyl Acetate, Polyethylene (PE), Elastomers and Plastomers), End Users (Homecare, Cosmetics, Pharmaceuticals, Food & Beverage, Chemical & Fertilizers, Paper, Construction, Textile, Consumer Product and Other End Users), and Region – Forecast to 2028”. The stretch hood films market is growing at a CAGR of 9.4% by 2028, owing to the rising demand of these films from different industries.

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Based on end user, the food & beverage segment is estimated to grow at highest CAGR segment during the study period.
On the basis of end user, the market is categorized into homecare, cosmetics, pharmaceuticals, food & beverage, chemical & fertilizers, paper, construction, textile, consumer product and other end users. The food & beverage segment is estimated to be the fastest growing market segment due to the high demand for packaged foods and increasing product demand for packaging fresh and frozen food items.

Based on thickness, the 50-100 microns segment is anticipated to grow faster during the forecast period.
On the basis of thickness, the market is segmented into up to 50 microns, 50-100 microns, 100-150 microns, and 150 microns and above. The 50-100 microns segment is projected to grow faster during the forecast period as 50-100 microns films are thicker and have better puncture resistance which is more useful to wrap around heavier products with sharp edges.

By geography, Asia Pacific is expected to dominate the market
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is experiencing a dominant position in the stretch hood films market. This is mainly attributed to growing expendable income of consumers. Moreover, countries such as India and China are two emerging economies to have continuous increasing demand for the stretch hood film.

The key players in this market are Novolex Holdings, and Coveris Holdings S.A, Integrated Packaging Group, Rosenflex, Aalmir Plastic Industries, Shields Bag and Printing Co., Trioplast Industrier AB, Manuli Stretch S.p.A., Sigma Plastics Group and The DOW Chemical Company.

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