Stretch Hood Films Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
Stretch wraps or shrink films can prove inefficient in protecting the packages completely. As a result an increasing number of manufacturers are inclined towards automation and reducing labor work as much as possible. As per a new study by Future Market Insights (FMI), this will enable growth in the stretch hood films market , which is expected to surpass US$ 736 Mn by 2021. In some countries lack of labor is one of the key factors which makes automation a more efficient solution in the long run. Furthermore, unlike stretch wraps and shrink wraps, stretch hood films provide all surface protection. Stretch hood films are gaining traction among the end users as they do not require separate heating unit like shrink films when combined with the stretch hood wrappers. Thus, they save consumables and energy which are essential in heat shrink systems. Therefore, stretch films are predicted to hold a major pie in the global packaging market in near future. Besides this...