Cast stretch packaging films are the films manufactured using a cast extrusion process in which the polymer is pumping through a die and then a cooled chill roll is used immediately to cool this hot sheet of plastic. The cast stretch packaging films are also called cast wraps. These films are glossy and have tear resistance capacity. The cast stretch packaging films have a clear appearance which makes the product visible through it. The visibility of the product attracts the customer which generates demand for the cast stretch packaging films. Also, it requires less force to stretch. Moreover, due to a tear resistance feature, it is used for pallet wrapping especially in the transportation and logistics industry. Also, it protects the product from getting damaged. In addition to that, it helps to keep the product securely wrapped due to its both side cling attribute. The cast stretch packaging film is more popular as it is less expensive. Furthermore, it unwinds quietly compared to other stretch packaging films. The cast stretch packaging films are available in both that is machine grade films and hand grade films. On the back of these features, the cast stretch packaging films are used in various end-use industries like food & beverages, pharmaceuticals, cosmetics & personal care, home care, chemicals, and many others. Considering all these benefits the cast stretch packaging films market is anticipated to grow higher in the foreseeable period.
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Cast Stretch Packaging Films Market: Dynamics
Rising import-export activities across the world increase the use of pallets and also while transportation the firm needs to ensure the safety of the product which ultimately drives the firm towards the cast stretch packaging films for precise packaging. Moreover, the growing food and beverage segment boost the sales of cast stretch packaging films due to its visibility and cost-efficient feature. In addition to it, the visibility also allows the product manufacturer to use RFID and other technologies for scanning which bolster the demand for cast stretch packaging films. Even the cosmetic and personal care industry is booming as customers are getting health and beauty conscious which is uplifting the sales for cast stretch packaging films. Also, the cast stretch packaging films are easy to use. Furthermore, the cast stretch packaging films have a consistent thickness and cling which ensures more protection of goods, this again pushes the demand for the cast stretch packaging films in the market. Along with the various benefits the cast stretch packaging films have few limitations as; it provides less load power than blown stretch packaging films. This factor limits the sales of cast stretch packaging films to a certain extent.
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Cast Stretch Packaging Films Market: Regional Outlook
Based on the geography, the cast stretch packaging films market is categorized into North America, Latin America, Europe, APAC, and MEA Regions. The cast stretch packaging films market has lucrative growth opportunities in APAC regions especially India, China, Japan due to increasing import-export activities in these countries. Also, the food and beverage, as well as pharmaceutical industry, is growing in APAC regions which witness the growth for cast stretch packaging films market. Moreover, due to the low cost, the cast stretch packaging films manufacturers have a wider opportunity in these growing regions. Furthermore, with the rising manufacturing activities in MEA region, the market demand for cast stretch packaging films in MEA region is expected to rise. Europe and North America will have a stable market for cast stretch packaging films due to the mature market conditions.
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Cast Stretch Packaging Films Market: Key Players
Some of the leading cast stretch packaging films manufacturers: –
- Berry Global Inc.
- Amcor Plc.
- Coveris Holdings
- Sigma Plastics Group
- U.S. Packaging & Wrapping LLC.
- Bischof + Klein
- Jindal Poly Films Limited
- BP Plastics Holding Bhd
- Winpak
- Italdibipack SpA
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