Stretch films are highly engineered
wrapping films which have been developed as a significant packaging
solution across the globe. Stretch films are classified in two commonly
used extrusion processes namely blown stretch films and cast stretch
films. Blown film is tough and less stretchy whereas cast stretch film
is easy to stretch and requires less amount of time as well as effort to
unwrap the pallets. Manufacturers along with end-users usually prefer
cast stretch packaging films as they are comparatively cost-efficient in
nature. Cast stretch packaging film
provides excellent clarity, superior cling and can be quietly unwind
from machines. Cast stretch packaging films are produced from materials
such as polyolefin polymers and are in great demand in food packaging
industry.
Cast Stretch Packaging Films Market: Drivers & Restraints
Increased customer inclination towards
safe, lightweight and cost-efficient packaging solution coupled with
growing food and beverage (F&B) industry has emerged as the key
driver of the growth in cast stretch packaging film market across the
globe. Product shipping as a result of an increase imports-exports among
the regions and also retail trade among suppliers and distributors also
add to the growth of the cast stretch packaging films market. Also, as
this films provide excellent clarity thus can allow the use of RFID and
other scanning technology. However, As compared to blown stretch film,
cast stretch films are less tear resistant thus providing less load
power.
Cast stretch packaging films are in high
demand for pallet wrapping mainly in the food packaging industry. Based
on the material type, Polyolefin polymers especially, the low-density
polyethylene (LDPE) cast stretch film resins are anticipated to lead the
cast stretch packaging films market throughout the forecast period.
Also, Cast stretch packaging films with thickness in the range of 50 to
120 gauge are estimated to be largely used over the forecast period.
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The Cast stretch packaging films market
in Europe and North America region are expected to grow linearly
throughout the forecast period as this packaging market has
comparatively achieved maturity thus losing a sizable share of the
global cast stretch packaging films market to Asia Pacific. Key
manufacturers that operate in established cast stretch packaging films
markets are eyeing Asia-Pacific markets to grow economically by
efficiently using the resources from India and other ASEAN countries at a
reasonable rate. The Asia-Pacific market is likely to propel as the
most lucrative market for the growth of cast stretch packaging films.
As a result of an increase in food &
beverages, consumer care, and various other end-use industries, the
Asia-Pacific cast stretch packaging films market is estimated to witness
a healthy growth over the forecast period. Latin America and MEA region
are expected to show a constructive growth rate during the forecast
period as a result of growth in manufacturing sector. Overall, the
global cast stretch packaging films market is estimated to show a robust
CAGR over the forecast period.
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