Stretch Hood Films Market Healthy Pace throughout the Forecast during 2021 – 2031

About the Report

Stretch hood films are advanced palletizing films which are used in combination with stretch hood machines. Stretch hooding method of packaging provides a multitude benefits such as reduced cost, high operating speed, and convenience for transportation, warehousing and management of palletized loads.

In its latest edition of the study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for stretch hood films. The report tracks the global sales of stretch hood films in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the stretch hood films market.

For more insights into the market, request a sample of this report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-5157

In its latest edition of the study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for stretch hood films. The report tracks the global sales of stretch hood films in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the stretch hood films market.

Key Takeaways of Stretch Hood Films Market Study

• Stretch hood films sales are poised to surge, enabling the market exhibit 2.8% y-o-y growth in 2021, after a period of setback in 2020
• With manufacturing rising consistently, coupled with the demand for advanced packaging solutions, the U.S. will account for over 88% of sales in North America
• While 2020 proved uneventful, the U.K. market will register a positive 3.7% y-o-y growth in 2021
• Expansion of construction sector will fuel demand for stretch hood films in Japan and South Korea
• South Korea will exhibit higher rate of growth yet China will remain the dominant market for stretch hood films in East Asia

 “Closed film hoods lead to better theft protection compared to stretch wrapping. Stretch hood films further prevent dirt and moisture from damaging the products during loading and shipment.” says an FMI analyst.

For Information On The Research Approach Used In The Report, Request TOC@ https://www.futuremarketinsights.com/reports/stretch-hood-films-market/table-of-content

Stretch Hood Films Find Application in Diverse Industries

Stretch hoods machine is one of the latest palletizing technology and offers benefits when compared to other palletizing methods. In recent times, stretch hood films manufacturers have not only improved the packaging technique and quality, but also emphasized on the quality of raw materials used to enhance performance. Stretch hood films manufacturers are continuously working on production of stretch hood films with more elasticity and reduced thickness.

Using stretch hood films reduces plastic consumption by 20%-30% as compared to shrink hoods or stretch film. It encourages manufacturers to grab this opportunity and innovate products which are less harmful to the environment. These films can be recycled easily so it drastically brings down the recycling cost. Increasing opportunities created by innovative product offerings are anticipated to induce established players to invest in research and development activities to further improve performance of stretch hood films.

Impact of COVID-19 on Stretch Hood Films Market

E-commerce and cargo shipments have been transporting huge number of products. Stretch hood films ensure load stability for transportation at the same time provide total visibility to the contents of a pallet. In the recent years, logistics industry has gained prominence due to rising technology. However, the outburst of COVID-19 pandemic has turned the normal functioning of the logistics sector.

Sudden drop in consumer demand created an immediate impact on shipping and port operations activity levels and altered corporate strategies. Lockdown across multiple geographies led to port congestion and reduced demand of stretch hood films from logistics industry. Trends in industry such as food & beverage and medical products confirmed resilience for demand of basic goods, which had continuous demand for packaging of goods.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-5157

Who is Winning?

Sigma Plastics Group, Coveris Holdings S.A., Novolex Holdings, Inc., AEP Industries Inc., Integrated Packaging Group Pty Ltd, Trioplast Industrier AB, Muller Load Containment Solution, RKW Group, Muraplast d.o.o., Thrace Synthetic Packaging Limited, Rosenflex(UK) Limited, Manuli Stretch S.p.A, Shields Bag and Printing Co., UAB Umaras, Gebr Duerrbeck Kunststoffe Gmbh Limited, Aalmir Plastic Industries and NPF Polyfilms Pvt Ltd are prominent players in the stretch hood films market. The stretch hood films market is fragmented and the key players in the market hold 15–20% share in the global stretch hood films market.