USA Stretch Hood Films Market Outlook (2023 to 2033)
The USA stretch hood films market size is expected to reach a valuation of US$ 225.9 million in 2023. It is further anticipated to expand at a CAGR of 5.2% between 2023 and 2033.
It is projected to reach a valuation of US$ 375 million by 2033. Stretch hood films demand is likely to bolster in the forecast period. Around 25% to 30% of share is predicted to be held by the top 5 companies in 2023.
Expanding building & construction sector in the USA is a key factor propelling the market. High demand for protective packaging solutions to transport building & construction materials would also create growth opportunities for stretch hood films suppliers. Hence, the building & construction segment is anticipated to elevate 1.8 time during the forecast period.
The USA stretch hood films market revenue totaled US$ 214.3 million in 2022. Rising demand for packaging films in the USA is set to propel the use of stretch hood films. The market is hence likely to experience a lucrative growth outlook from 2023 to 2033.
The USA market is estimated to create an absolute dollar opportunity of US$ 149.1 million in the next ten years, says Future Market Insights. Ability to provide quick packaging speed is driving the market substantially. The USA stretch hood films market share is anticipated to expand 1.7 times the current value during the forecast period.
Stretch hood films sales are expected to surge due to their increasing use in sectors such as cosmetics, food & beverage, and healthcare.These films are likely to be very popular owing to their affordable nature. Expansion of the food and pharmaceutical industries would also create high demand for these films.
Stretch hood films are preferred over other wrapping materials such as shrink wrap and stretch wrap. They are relatively low cost and easy to use. It is anticipated that expansion of the food & beverage and pharmaceutical industries will favorably impact stretch hood films demand.
The USA cosmetics industry has also become a thriving sector. It is anticipated that this trend will continue over the course of the projected period.
Attributes
Key Insights
USA Stretch Hood Films Market Estimated Size (2023E)
US$ 225.9 million
Projected Market Valuation (2033F)
US$ 375 million
Value-based CAGR (2023 to 2033)
5.2%
Collective Value Share: Top 5 Countries (2023E)
25% to 30%
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How Will Sales of Stretch Hood Films between 2018 and 2022 Outpace the Demand from 2023 to 2033 in the USA?
The USA stretch hood films market witnessed a CAGR of 3.9% during the historical period. It stood at a market valuation of US$ 214.3 million in 2022.
Stretch hood films are highly stretchable palletizing plastic films. They are frequently used for safe & secure packaging and transportation of a variety of industrial and non-industrial goods. These films are robust, recyclable, and transparent.
These properties make them an ideal choice for packaging and shipping goods. Stretch hood films have brought about a significant change in the way goods are packed, stored, and transported across countries and continents. They are likely to gain significant momentum in the forecast period.
The USA stretch hood films industry is anticipated to witness a significant boost from 2023 to 2033. Prominent industries such as building & construction, food, chemical & fertilizers, and paper are generating consistent demand for stretch hood films. They want to improve manufacturing efficiencies with fast packaging speed.
Rising preference for flexible and customizable packaging solutions would propel stretch hood films sales. Companies are looking for new packaging that would offer uniform chain distribution.
Trade activities in the USA have witnessed a noteworthy growth rate in the last decade. They are expected to perpetually expand in the foreseeable future. It will create a positive impact on the demand for stretch hood films.
Customers that manufacture goods in large quantities have serious concerns about fast packaging speed. They often need to export their goods to different countries. They are set to use stretch hood films to reduce the shrinking step.
It would help enhance wrapping speed by about 150 pallets per hour. Its speed is almost two times as fast as alternative shrink-wrapped wrappers.
Superior load holding and retaining capability has surged demand for stretch hood films in the USA. The market is anticipated to expand 1.7 times the current value in the country during the forecast period.
Comparative View of Adjacent USA Stretch Hood Films Market
USA Stretch Hood Films Market:
Attributes
USA Stretch Hood Films Market
CAGR (2023 to 2033)
5.2%
Market Value (2023)
US$ 225.9 million
Growth Factor
Stretch hood film offers better wrapping quality. It provides a flawless display for wrapped products. It can get rid of folds and creases that are typical with shrink wrapping.
Key Trend
Consumers are gradually moving away from conventional packaging and wrapping methods. They are inclining toward stretch hood films. These films offer improved aesthetic appearance, transparency, and shine to reveal the contents of the package.
Stretch Films Market:
Attributes
Stretch Films Market
CAGR (2022 to 2030)
4.7%
Market Value (2022)
US$ 2.4 billion
Growth Factor
Increasing demand for technologically advanced packaging types would drive sales in the market.
Key Trend
Emergence of highly developed packaging films made with polymer blend and multilayer technology would boost sales.
Cast Stretch Films Market:
Attributes
Cast Stretch Films Market
CAGR (2022 to 2032)
4.6%
Market Value (2022)
US$ 2.57 billion
Growth Factor
Rising cast stretch films demand with usage in loading things and wrapping pallets would augment demand.
Key Trend
Cast stretch films have two sides of cling. They allow them to remain tightly wrapped. Pallets can also be adhered together with these films.
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Top Trends Pushing Stretch Hood Films Sales in the USA
Logistics Firms to Prefer High Performance Stretch Hood Films for Usage in Corrugated Box Packaging
Demand for quick packaging arises due to rising consumerism in the USA. Stretch hood films are designed for manufacturers, logistic companies, and retailers. They mainly prefer automated packaging solutions for effective time and supply chain management.
Stretch hood films are frequently used in automatic pallet and corrugated box packaging. Stretch hoods enable quicker packaging technology. They are a completely automated system and hence would raise production.
Stretch hood movies serve a practical purpose in the USA where materialism is prevalent. They yield a packaging speed of almost 100 to 150 pallets/hour, which is almost twice of shrink hoods.
Unlike shrink films, stretch hood films do not require heat shrinkage. It hence reduces operating costs and increases safety. These factors are bolstering stretch hood films demand in the USA.
Stretch Hood Packaging to Find Surging Adoption owing to their Abrasion Resistance Property
Stretch hood films provide exceptional storage protection against weather, water, dust, dirt, and animals. They also offer superior load holding and retaining capability, as well as high loading stability. These features make them one of the most ideal preferences in the market.
What adds to the confidence of end users is their ability to provide abrasion resistance and maximum in-transit damage protection. Mounting adoption of this packaging solution is anticipated to bolster the USA market significantly during the forecast period.
Category-wise Insights
Which is the Leading Material Type for Making Stretch Hood Films in the USA?
Stretch Hood Film Manufacturers in the USA to Witness High Demand for Polyethylene Products
Stretch hood films made from polyethylene (PE) are expected to showcase high demand in the USA market. These materials provide robust protection against external factors and offer maximized stabilization.
They can also be recycled, which will reduce the overall plastic footprint. The target segment is anticipated to expand by 1.5 times the current market value during the next ten years.
Who is the Dominant End User of Stretch Hood Films in the USA?
Building and Construction Industry in the USA to Exhibit High Demand for Stretch Hood Machines
The building and construction industry is likely to contribute a significant share of the USA market by 2033. Materials used in this industry can be bulky, heavy, and brittle. They can be consumed in large quantities. Due to this factor, need for proper protection during transportation and storage arises.
This requirement is expected to be fulfilled by stretch hood films in the form of a protective barrier. It can safeguard the materials from ultraviolet rays, dust, and other deteriorative substances.
The film is also capable of stretching over a large area to cover the whole item. It uses a short amount of the same, thereby reducing utilization costs.
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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.
Scope of the Report
Attribute
Details
Estimated Market Size (2023)
US$ 225.9 million
Projected Market Valuation (2033)
US$ 375 million
Value-based CAGR (2023 to 2033)
5.2%
Historical Data
2015 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Value (US$ million) and Volume (000’ Tons)
Segments Covered
Material Type
Thickness
End Use
Country
Key Companies Profiled
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
Plastixx FFS Technologies
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
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
Frequently Asked Questions
What is the Growth Potential of The Market?
The market is forecast to register a CAGR of 5.2% through 2033.
What is the Projected Size of The Market by 2033?
The market is valued to hit US$ 375 million by 2033.
What Historical Changes Did the Market Undergo?
The global market advanced at a HCAGR of 3.9% from 2018 to 2022.
What Size is the Market?
The market is estimated to secure a valuation of US$ 225.9 million in 2023.
Which Material Types Are Typically Used in the Market?
High market demand may be exhibited by the polyethylene (PE) category.
What Is the Market's Dominant End-User Segment?
By 2033, the building and construction sector is projected to comprise a sizeable portion of the market.
Table of Content
1. Executive Summary | USA Stretch Hood Films Market
1.1. USA Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
5. Market Demand Analysis 2015 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (000’ Tons) Analysis, 2015 to 2022
5.2. Current and Future Market Volume (000’ Tons) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Break-up
7. Market Demand (Value in US$ million) Analysis 2015 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ million) Analysis, 2015 to 2022
7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Packaging Market Outlook
8.2. Macro-Economic Factors
8.3. Forecast Factors - Relevance & Impact
8.4. Value Chain Analysis
8.4.1. Key Participants
8.4.1.1. Raw Material Type Suppliers
8.4.1.2. Manufacturers
8.4.1.3. End Users
8.4.2. Profitability Margin
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
9. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Material Type
9.1. Introduction
9.2. Historical Market Size (US$ million) and Volume (000’ Tons) Analysis, By Material Type, 2015 to 2022
9.3. Current and Future Market Size (US$ million) and Volume (000’ Tons) Analysis and Forecast, By Material Type, 2023 to 2033
9.3.1. Polyethylene (PE)
9.3.1.1. Linear Low Density Polyethylene (LLDPE)
9.3.1.2. Low Density Polyethylene (LDPE)
9.3.2. Polypropylene (PP)
9.3.3. Polyvinyl Chloride (PVC)
9.3.4. Other Plastics
9.4. Market Attractiveness Analysis, By Material Type
10. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Thickness
10.1. Introduction
10.2. Historical Market Size (US$ million) and Volume (000’ Tons) Analysis, By Thickness, 2015 to 2022
10.3. Current and Future Market Size (US$ million) and Volume (000’ Tons) Analysis and Forecast, By Thickness, 2023 to 2033
10.3.1. Up to 100 microns
10.3.2. 101 to 150 microns
10.3.3. Above 150 microns
10.4. Market Attractiveness Analysis, By Thickness
11. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By End Use
11.1. Introduction
11.2. Historical Market Size (US$ million) and Volume (000’ Tons) Analysis, By End Use, 2015 to 2022
11.3. Current and Future Market Size (US$ million) and Volume (000’ Tons) Analysis and Forecast, By End Use, 2023 to 2033
11.3.1. Building & Construction
11.3.2. Food & Beverages
11.3.3. Pharmaceuticals
11.3.4. Textile
11.3.5. Chemicals & Fertilizers
11.3.6. Automotive
11.3.7. Shipping & Logistics
11.4. Market Attractiveness Analysis, By End Use
12. Market Structure Analysis
12.1. Market Analysis, by Tier of Companies
12.2. Market Concentration
12.3. Market Share Analysis of Top Players
12.4. Market Presence Analysis
12.4.1. By Regional Foot Print of Players
12.4.2. Product Foot Print by Players
12.4.3. Channel Foot Print by Players
13. Competition Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Competition Deep Dive
13.3.1. Berry Global Group
13.3.1.1. Overview
13.3.1.2. Product Portfolio
13.3.1.3. Profitability by Market Segments
13.3.1.4. Sales Footprint
13.3.1.5. Strategy Overview
13.3.1.5.1. Marketing Strategy
13.3.1.5.2. Product Strategy
13.3.1.5.3. Channel Strategy
13.3.2. Signode Industrial Group LLC
13.3.2.1. Overview
13.3.2.2. Product Portfolio
13.3.2.3. Profitability by Market Segments
13.3.2.4. Sales Footprint
13.3.2.5. Strategy Overview
13.3.2.5.1. Marketing Strategy
13.3.2.5.2. Product Strategy
13.3.2.5.3. Channel Strategy
13.3.3. Sigma Plastics Group
13.3.3.1. Overview
13.3.3.2. Product Portfolio
13.3.3.3. Profitability by Market Segments
13.3.3.4. Sales Footprint
13.3.3.5. Strategy Overview
13.3.3.5.1. Marketing Strategy
13.3.3.5.2. Product Strategy
13.3.3.5.3. Channel Strategy
13.3.4. Novolex Holdings, Inc.
13.3.4.1. Overview
13.3.4.2. Product Portfolio
13.3.4.3. Profitability by Market Segments
13.3.4.4. Sales Footprint
13.3.4.5. Strategy Overview
13.3.4.5.1. Marketing Strategy
13.3.4.5.2. Product Strategy
13.3.4.5.3. Channel Strategy
13.3.5. RKW Group
13.3.5.1. Overview
13.3.5.2. Product Portfolio
13.3.5.3. Profitability by Market Segments
13.3.5.4. Sales Footprint
13.3.5.5. Strategy Overview
13.3.5.5.1. Marketing Strategy
13.3.5.5.2. Product Strategy
13.3.5.5.3. Channel Strategy
13.3.6. Indevco Plastics, LLC
13.3.6.1. Overview
13.3.6.2. Product Portfolio
13.3.6.3. Profitability by Market Segments
13.3.6.4. Sales Footprint
13.3.6.5. Strategy Overview
13.3.6.5.1. Marketing Strategy
13.3.6.5.2. Product Strategy
13.3.6.5.3. Channel Strategy
13.3.7. Tex-Trude, LP.
13.3.7.1. Overview
13.3.7.2. Product Portfolio
13.3.7.3. Profitability by Market Segments
13.3.7.4. Sales Footprint
13.3.7.5. Strategy Overview
13.3.7.5.1. Marketing Strategy
13.3.7.5.2. Product Strategy
13.3.7.5.3. Channel Strategy
13.3.8. Muller LCS
13.3.8.1. Overview
13.3.8.2. Product Portfolio
13.3.8.3. Profitability by Market Segments
13.3.8.4. Sales Footprint
13.3.8.5. Strategy Overview
13.3.8.5.1. Marketing Strategy
13.3.8.5.2. Product Strategy
13.3.8.5.3. Channel Strategy
13.3.9. Specialty America, Inc.
13.3.9.1. Overview
13.3.9.2. Product Portfolio
13.3.9.3. Profitability by Market Segments
13.3.9.4. Sales Footprint
13.3.9.5. Strategy Overview
13.3.9.5.1. Marketing Strategy
13.3.9.5.2. Product Strategy
13.3.9.5.3. Channel Strategy
13.3.10. Interplast Group
13.3.10.1. Overview
13.3.10.2. Product Portfolio
13.3.10.3. Profitability by Market Segments
13.3.10.4. Sales Footprint
13.3.10.5. Strategy Overview
13.3.10.5.1. Marketing Strategy
13.3.10.5.2. Product Strategy
13.3.10.5.3. Channel Strategy
13.3.11. Layfield Group Ltd.
13.3.11.1. Overview
13.3.11.2. Product Portfolio
13.3.11.3. Profitability by Market Segments
13.3.11.4. Sales Footprint
13.3.11.5. Strategy Overview
13.3.11.5.1. Marketing Strategy
13.3.11.5.2. Product Strategy
13.3.11.5.3. Channel Strategy
13.3.12. Megaplast USA Inc.
13.3.12.1. Overview
13.3.12.2. Product Portfolio
13.3.12.3. Profitability by Market Segments
13.3.12.4. Sales Footprint
13.3.12.5. Strategy Overview
13.3.12.5.1. Marketing Strategy
13.3.12.5.2. Product Strategy
13.3.12.5.3. Channel Strategy
13.3.13. Thrace Group
13.3.13.1. Overview
13.3.13.2. Product Portfolio
13.3.13.3. Profitability by Market Segments
13.3.13.4. Sales Footprint
13.3.13.5. Strategy Overview
13.3.13.5.1. Marketing Strategy
13.3.13.5.2. Product Strategy
13.3.13.5.3. Channel Strategy
13.3.14. BEUMER GROUP
13.3.14.1. Overview
13.3.14.2. Product Portfolio
13.3.14.3. Profitability by Market Segments
13.3.14.4. Sales Footprint
13.3.14.5. Strategy Overview
13.3.14.5.1. Marketing Strategy
13.3.14.5.2. Product Strategy
13.3.14.5.3. Channel Strategy
13.3.15. Balcan Innovations Inc.
13.3.15.1. Overview
13.3.15.2. Product Portfolio
13.3.15.3. Profitability by Market Segments
13.3.15.4. Sales Footprint
13.3.15.5. Strategy Overview
13.3.15.5.1. Marketing Strategy
13.3.15.5.2. Product Strategy
13.3.15.5.3. Channel Strategy
13.3.16. Tilak Polypack Private Limited
13.3.16.1. Overview
13.3.16.2. Product Portfolio
13.3.16.3. Profitability by Market Segments
13.3.16.4. Sales Footprint
13.3.16.5. Strategy Overview
13.3.16.5.1. Marketing Strategy
13.3.16.5.2. Product Strategy
13.3.16.5.3. Channel Strategy
13.3.17. Plastixx FFS Technologies
13.3.17.1. Overview
13.3.17.2. Product Portfolio
13.3.17.3. Profitability by Market Segments
13.3.17.4. Sales Footprint
13.3.17.5. Strategy Overview
13.3.17.5.1. Marketing Strategy
13.3.17.5.2. Product Strategy
13.3.17.5.3. Channel Strategy
14. Assumptions and Acronyms Used15. Research Methodology
List of Tables
Table 01: Market Value (US$ million) by Material Type, 2015H to 2022A
Table 02: Market Value (US$ million) by Material Type, 2023E to 2033F
Table 03: Market Volume (000' Tons) by Material Type, 2015H to 2022A
Table 04: Market Volume (000' Tons) by Material Type, 2023E to 2033F
Table 05: Market Value (US$ million) by Thickness, 2015H to 2022A
Table 06: Market Value (US$ million) by Thickness, 2023E to 2033F
Table 07: Market Volume (000' Tons) by Thickness, 2015H to 2022A
Table 08: Market Volume (000' Tons) by Thickness, 2023E to 2033F
Table 09: Market Value (US$ million) by End Use, 2015H to 2022A
Table 10: Market Value (US$ million) by End Use, 2023E to 2033F
Table 11: Market Volume (000' Tons) by End Use, 2015H to 2022A
Table 12: Market Volume (000' Tons) by End Use, 2023E to 2033F
List of Charts
Figure 01: Market Share Analysis by Material Type, 2023E & 2033F
Figure 02: Market Y-o-Y Analysis by Material Type, 2019H to 2033F
Figure 03: Market Attractiveness Analysis by Material Type, 2023E to 2033F
Figure 04: Market Share Analysis by Thickness, 2023E & 2033F
Figure 05: Market Y-o-Y Analysis by Thickness, 2015H to 2033F
Figure 06: Market Attractiveness Analysis by Thickness, 2023E to 2033F
Figure 07: Market Share Analysis by End Use, 2023E & 2033F
Figure 08: Market Y-o-Y Analysis by End Use, 2015H to 2033F
Figure 09: Market Attractiveness Analysis by End Use, 2023E to 2033F
