Cast Films Market 2021: Upcoming Opportunities, Growth Prospects, Size, Share, and key Country Outlook To 2028

Cast films are made by extruding melted resin horizontally through a flat die to create a sheet of material that is pinned to a highly polished chilled roller by means of an air curtain or vacuum box. In the Cast Film process, the molten polymer is usually extruded through a slot die onto an internally cooled chill roll and then passes through a series of rollers which will determine the nature and properties of the cast film including thickness. The cast film is then cut as required by saws, shears or hot wire methods.

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"Global Cast Films Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cast films market with detailed market segmentation by material, packaging format, end use industry, and geography. The report provides key statistics on the market status of the leading cast films market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION:

• Based on material, the global cast films market is segmented into polyethylene, polypropylene, polyamide, and others.
• Based on packaging format, the global cast films market is segmented into pouches, bags, laminates, wraps, and labels.
• Based on end use industry, the global cast films market is segmented into food & beverages, personal care, electrical & electronics, pharmaceuticals, industrial, and others.

MARKET DYNAMICS:

Drivers

• Rising demand for cast films in multilayer pouches.
• Consumers are gradually switching to smaller serving sizes, especially when it comes to food products or beverages, and the demand for lightweight packaging is increasing.
• Increasing focus on applications in the food & beverage industry to design cast film pouches that are aesthetically appealing and can maximize processing efficiencies, to capitalize on this trend
• Rising R&D activities drive the cast films market.

Restraints

• Relatively high price of the raw material.

REGIONAL FRAMEWORK:

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cast films market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cast films market in these regions.

IMPACT OF COVID-19 ON CAST FILMS MARKET:

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. The market for 3D printed metal is impacted by the pandemic due to shortfall in production along with halt in construction projects due to global lockdown.

MARKET PLAYERS:

The report covers key developments in the cast films market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cast films market are anticipated to lucrative growth opportunities in the future with the rising demand for cast films in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cast films market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Uflex Ltd.
• Jindal Poly Films Limited
• Berry Global, Inc.
• Scientex Berhad
• Winpak Ltd.
• Intertape Polymer Group Inc.
• Bemis Company, Inc.
• RKW Hyplast Nv
• Clondalkin Group Holdings BV
• Bischof + Klein SE & Co. KG

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This release was published on openPR.