Stretch Hooder Packaging Film Market Growth Forecast and Insights (2023 – 2034)
The global stretch hooder packaging film market was valued at US$ 1.30 billion in 2023 and is anticipated to reach approximately US$ 2.05 billion by 2034, growing at a CAGR of 4.25% during the forecast period from 2024 to 2034.
Key Insights
- In 2023, the Asia Pacific region led the stretch hooder packaging film market.
- North America is expected to experience strong growth in this market during the forecast period.
- The PE hood packaging film segment is projected to see significant growth over the coming years.
- The food & beverages sector was the largest application of stretch hooder packaging film in 2023.
- The building and construction sector is emerging as one of the fastest-growing applications for this packaging film.
Top Factors Influencing Stretch Hooder Packaging Film Market
- Rapid growth in transportation and logistic sectors are expanding global stretch hooder packaging film market.
- Ongoing innovations and enhancement in material science and technologies are the key factors driving market.
- Increased demand for recycle packaging, reduction of carbon emission concerns, and focus adoption on biodegradable material holding market opportunities.
- Government initiates and regulatory framework participations for waste management and reductions are trending innovation in stretch hooder packing films.
- Stretch hooder packaging film market is driven in healthcare sectors due to increased requirement for temper-evident packaging for pharmaceutical drugs.
Recent Developments
- In February 2024, the innovation of Titanium 5™ Stretch Hood film line, including Titanium 5P™ with 20% post-consumer recycled content (PCR), was announced by the Charter Next Generation (CNG), a global a leading innovator in sustainable films.
- In July 2024, a white ultra low-density film, was launched by the Innovia Films, a material science pioneer and major producer of BOPP films. A white ultra low-density film is designed for ice cream flow wrap packaging.
- In September 2024, RKW Group introduced the eco-friendly Flexxta® Stretch Hood Series with several stretch hood types. RKW launched sustainable stretch hood films, which are made with up to 30% PCR content, EVA free and Recyclass certified.
Companies in the Stretch Hooder Packaging Film Market
- Dow
- Bischof+Klein
- Charter Next Generation
- Innovia Films
- RKW Group
- Novolex
- Intertape Polymer Group Inc.
- Manuli Stretch S.p.A.
- PETRIO
- IMS Group
- Plastixx FFS Technologies
- Berry Global, Layfield
- Trioworld
- Luban Pack
- Bollore Group
- Paragon Films Inc.
Buy Premium Global Insight: https://www.towardspackaging.com/price/5332
Get the latest insights on packaging industry segmentation with our Annual Membership – https://www.towardspackaging.com/get-an-annual-membership
If you have any questions, please feel free to contact us at sales@towardspackaging.com
Browse our Brand-New Journal:
https://www.towardshealthcare.com
https://www.towardsautomotive.com
For Latest Update Follow Us: https://www.linkedin.com/company/towards-packaging/
Get Our Freshly Printed Chronicle: https://www.packagingwebwire.com/