The USA stretch hood films market size is expected to reach a valuation of USD 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 USD 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 USD 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 USD 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) | USD 225.9 million |
| Projected Market Valuation (2033F) | USD 375 million |
| Value-based CAGR (2023 to 2033) | 5.2% |
| Collective Value Share: Top 5 Countries (2023E) | 25% to 30% |
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The USA stretch hood films market witnessed a CAGR of 3.9% during the historical period. It stood at a market valuation of USD 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.
Logistics Firms to Prefer High Performance Stretch Hood Films for Usage in Corrugated Box Packaging
Stretch Hood Packaging to Find Surging Adoption owing to their Abrasion Resistance Property
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.
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.
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,
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 225.9 million |
| Projected Market Valuation (2033) | USD 375 million |
| Value-based CAGR (2023 to 2033) | 5.2% |
| Historical Data | 2015 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD 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 |
The market is forecast to register a CAGR of 5.2% through 2033.
The market is valued to hit USD 375 million by 2033.
The global market advanced at a HCAGR of 3.9% from 2018 to 2022.
The market is estimated to secure a valuation of USD 225.9 million in 2023.
High market demand may be exhibited by the polyethylene (PE) category.
By 2033, the building and construction sector is projected to comprise a sizeable portion of the market.
| Estimated Market Size (2024E) | USD 2.8 billion |
|---|---|
| Projected Market Value (2034F) | USD 4.1 billion |
| Value-based CAGR (2024 to 2034) | 3.9% |
| Market Value (2023) | USD 2.6 billion |
|---|---|
| Market Projected Value (2033) | USD 4.1 billion |
| Market CAGR (2023 to 2033) | 4.7% |
| Market Size (2023) | USD 149.6 billion |
|---|---|
| Market Size (2033) | USD 223.5 billion |
| Market CAGR (2023 to 2033) | 4.1% |
| Market Value (2023) | USD 6.14 billion |
|---|---|
| Market Anticipated Value (2033) | USD 9.12 billion |
| Market Growth Rate (2023 to 2033) | 4% |
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USA Stretch Hood Films Market
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