Cast Stretch Films Market

Cast Stretch Films Market Overview

The cast stretch films market is projected to register a CAGR of 4.7% during the forecast period, up from US$ 2.45 Bn in 2021 to reach a valuation of US$ 4 Bn by 2032.

The cast stretch films market is anticipated to show promising growth prospects during the forecast period due to growing competition. New competitors offer a variety of options at reasonable pricing to fulfill the demand for cast stretch films making them more accessible to customers in the global cast stretch films market.

Sales of cast stretch films are expected to rise significantly. In addition to this, sales of cast stretch films are rising on account of US$ 3.2 Bn by 2026. Increasing sales of cast stretch films are also projected to contribute to the growth of the cast stretch films market share.

Demand for cast stretch films is used to wrap pallets and load things while being transported. The sales of cast stretch films are increasing due to being used for packing; they must be tear-resistant to protect the goods from unintentional damage such as scuffing during transit.

The cast stretch films effectively deliver this. One of the advantages of utilizing sales of cast stretch films is that they have two sides of cling, allowing them to remain securely wrapped and pallets to adhere together.

Demand for cast stretch films, as opposed to blown stretch films, unravel softly and are less costly due to lower production costs. Because of the advantages outlined above, demand for cast stretch films has a larger market share than blown stretch films. The sales of cast stretch films are projected to expand in the coming years.

Manufacturers in the cast stretch films market get a big platform from which to serve the whole demand for cast stretch films. The worldwide sales of cast stretch films are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for cast stretch films more accessible to customers.

Sigma Plastics Group, Inc, BP Plastics Holding Bhd, Clondalkin Group Holdings BV, Borealis AG, Bischof + Klein, Winpak Ltd., Berry Global Inc., and Jindal Poly Films Limited are some of the leading participants in the cast stretch films market.

What are the Key Drivers Contributing to the Cast Stretch Films Market Share?

Pallet wrapping is a common use for cast stretch films, which helps protect the cargo from environmental harm. Today, things must be delivered from one nation to another all around the world. Cast stretch films would be widely used in product transportation, contributing to expansion in the sales of cast stretch films. 

Demand for cast stretch films is natural due to their applicability in package things, and the content is plainly seen. Because of the rising demand, the wrapped product has higher visibility at a cheaper cost, making it easier for the end-user to utilize. 

There are a few drawbacks to the demand for cast stretch films, such as its poor holding strength compared to blown stretch film and its limited capacity to return to its previous state after stretching, among others. Despite these drawbacks, the sales of cast stretch films will continue to increase as the benefits exceed the drawbacks. 

Cast stretch films are simple to use and are less expensive than other types of stretch films, such as blown stretch films. Manufacturers are trying to push the sales of cast stretch films and are attempting to improve the holding strength and tear resistance of their products. They are trying to raise the layers of cast stretch films, which will contribute to the rising demand for cast stretch films on the market. Due to its extensive range of applications in numerous sectors, the cast stretch films market is expected to develop throughout the forecasted period.

Which is the Leading Region in the Cast Stretch Films Market?

The major regions for the sales of cast stretch films are North America and Europe. In emerging nations like Brazil, India, and others, the cast stretch films market is projected to increase. 

Manufacturers are attempting to enhance retention force, which is likely to result in lesser film consumption, cut costs, and boost availability throughout the world.

Who are the Key Players in the Cast Stretch Films Market?

The report consists of key players, contributing to the cast stretch films market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyzes the competitive landscape and cast stretch films market share acquired by players to strengthen their market position.

Sigma Plastics Group, Inc, BP Plastics Holding Bhd, Clondalkin Group Holdings BV, Borealis AG, Bischof + Klein, Winpak Ltd., Berry Global Inc., and Jindal Poly Films Limited are some of the leading participants in the cast stretch films market.

Ismail Sutaria

Principal Consultant

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Recent Developments in the Cast Stretch Films Market:

• Amcor announced the inauguration of a state-of-the-art healthcare packaging factory in Singapore in December 2021. This dedicated healthcare packaging facility will assist the firm in meeting the region's constantly rising healthcare packaging demand.
• Berry Global announced intentions to expand its foodservice packaging production plants in North America in October 2021. More than USD 110 million will be invested to enhance the company's patented polypropylene thermoforming capabilities to provide packaging solutions for quick-service restaurants, coffee shops, and other food service industries.
• SABIC released a non-chlorinated and non-brominated opaque sheet under the LEXAN name in April 2020. Antibacterial, sanitary, and touchable wall cladding solutions for hospitals and public buildings are the goals of the sheet.
• Amcor successfully completed the acquisition of Bemis Company Inc. in January 2019. Amcor's presence will be strengthened as a result of this purchase, which will contribute to its size and capabilities.

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Key Segments For Cast Stretch Films Market

On the basis of material type, the cast stretch films market is segmented into:

• Polyethylene (PE)
• Linear Low-Density Polyethylene (LLDPE)
• Low-Density Polyethylene (LDPE)
• Polypropylene (PP)
• Polyamide (PA)
• Others

On the basis of thickness, the cast stretch films market is segmented into:

• Up to 30 micron
• 31 micron - 50 micron
• 51 micron - 70 micron
• Above 70 micron

On the basis of layer type, the cast stretch films market is segmented into:

• Single Layer
• Multi - Layer

On the basis of end use industry, the cast stretch films market is segmented into:

• Food & Beverages
• Pharmaceuticals
• Personal Care & Cosmetics
• Electrical & Electronics
• Home Care
• Chemicals
• Other

On the basis of Region, the cast stretch films market is segmented into:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)