Cast Films - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Cast Films Market is accounted for $1.19 billion in 2018 and is expected to reach $1.98 billion by 2027 growing at a CAGR of 6%. Growing demand for cast film in packaging solutions in developing countries and rising growth of the industrial landscape is likely to boost the growth of the market. However, cast films produced higher scrap is likely to hamper the profit boundaries.
The cast films are mainly used for pallet wrapping, which helps in protecting the load from any environmental damage. Products across the world need to be transported from one country to another. Transportation of products would heavily utilize cast stretch film attributing to its market growth. Packaging products with cast film is natural, and the content-packed is easily visible. High visibility of the wrapped product at a lower cost makes it convenient for the end-user to use owing to its increased demand. There are a few downsides as well to the cast film like low holding power in comparison to the blown stretch film, minimal ability to attain original state after stretching and others. The cast films are easy to use and are available in the market at reduced costs than other films like blown stretch film. Cast film manufacturers are trying to enhance the holding power and tear resistance.
Based on the application, Food packaging was the largest application in the market. Rapidly growing food & beverages industry across the globe shall fuel the cast films demand over the forecast period. Product application in food packaging is increasing with a rapid CAGR from past few years due to its properties such as high clarity & gloss, high seal strength and good moisture barrier.
By geography, Asia Pacific was the largest region in Cast films market due to the adoption of innovative and high-performance raw materials, including engineered plastics, will remain instrumental for businesses to gain momentum in Asia Pacific’s cast films market. The intensifying competitive landscape will trigger market players to invest heavily in research & development (R&D) to offer high-quality packaging solutions with improved performance of cast films.
Some of the key players in the Cast Films market include Zhejiang Yuanda, Vista Film Packaging, UFLEX, Tri-Pack, Takigawa Seisakusho, Shanxi Yingtai, PT. Bhineka Tatamulya, Profol Group, Polibak , Panverta, Mitsui Chemicals, Hubei Huishi, DDN, Alpha Marathon and Achilles Corporation.
• Cast Polypropylene
• Customer Provided Equipment
• Other Products
Material Types Covered:
• Biaxially Oriented PolyPropylene
• Poly Vinyl Chloride
• Polyvinylidene chloride
• Other Materials
• Cast Cling Film
• Blow Cling Film
• Up To 9 Microns
• 9-12 Microns
• Above 12 Microns
• Clothing Packaging
• Drug Packaging
• Food Packaging
• Other Applications
End Users Covered:
• Electrical & Electronics
• Food & Beverages
• Personal Care
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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