Stretch hood films are a type of packaging material designed for unitizing and securing palletized loads. They are commonly used in industries for wrapping and protecting pallets during transportation and storage. The stretch hood film is applied by machines that stretch the film around the pallet, providing a secure and tight fit.
In 2023, the USA stretch hood films market is projected to be worth US$ 225.9 million . Between 2023 and 2033, it is expected to expand at a CAGR of 5.2% .
By 2033, it is anticipated to be worth US$ 375 million . Throughout the foreseeable term, demand for stretch hood films is likely to increase. In 2023, the top 5 players are expected to control between 25% and 30% of the market.
Anticipated to experience a surge in sales, stretch hood films are gaining popularity across various sectors, including cosmetics, food & beverage, and healthcare. The affordability of these films is a key driver behind their increasing adoption. With the continual expansion of the food and pharmaceutical industries, the demand for stretch hood films is expected to remain high.
Stretch hood films stand out as a preferred choice over alternative wrapping materials like shrink wrap and stretch wrap. Their cost-effectiveness and user-friendly nature contribute to their preference in various applications. The ongoing expansion of the food & beverage and pharmaceutical sectors is poised to positively impact the demand for stretch hood films, solidifying their position as a favored packaging solution.
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Key features of stretch hood films include:
- Stretchability: These films have the ability to stretch and conform tightly to the shape of the pallet and its contents, ensuring a snug fit.
- Strength: Stretch hood films are engineered to be strong and durable, providing stability to the palletized load and protecting it from damage during handling and transportation.
- Weather Resistance: They often offer resistance to environmental factors such as moisture and dust, helping to maintain the integrity of the packaged goods.
- Transparency: Some stretch hood films are transparent, allowing for easy identification of the products on the pallet.
- Efficiency: The application process is usually done by automated machines, making it a fast and efficient packaging solution for large-scale operations.
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Leading Players
- Sigma Plastics Group
- Novolex Holdings, Inc.
- RKW Group
- Tex-Trude LLP
- INDEVCO Plastics, LLC
- Berry Global, Inc.
- Beumer Group
- Thrace Group
- Signode Industrial Group LLC
- Muller LCS
- Specialty America, Inc.
- Interplast Group
- Layfield Group Ltd.
- Megaplast USA Inc.
- Balcan Innovations Inc.
- Tilak Polypack Private Limited
Competitive Landscape
Key stretch hood film suppliers in the USA are using calculated strategies when it comes to mergers and acquisitions. It will further help them to strengthen their positions in the market. They are also making an effort to innovate new specialized products for particular uses in a wide array of industries.
For instance,
- In October 2021, Berry Global launched Sustane. It is a recycled polymer film that is dust and moisture-resistant. It can be utilized for packaging powdered products.
- In February 2021, Indevco Plastics announced the launch of a new heavy-duty packaging film. It is made from 50% recycled content, which is also sustainable.
- In February 2021, RKW Group launched a sustainable film for consumer packaging. It was manufactured from 100% recycled content and has excellent printability.
USA Stretch Hood Films Market Outlook by Category
By Material Type:
- Polyethylene (PE)
- Linear Low Density Polyethylene (LLDPE)
- Low Density Polyethylene (LDPE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Other Plastics
By Thickness:
- Up to 100 microns
- 101 to 150 microns
- Above 150 microns
By End Use:
- Building & Construction
- Food & Beverages
- Pharmaceuticals
- Textile
- Chemicals & Fertilizers
- Automotive
- Shipping & Logistics
By Country:
- USA
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