The global cast stretch films market revenue was around US$ 2.7 billion in 2022 and is estimated to reach US$ 4.04 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2023 to 2031.
Cast stretch film is often referred to as pallet wrap or cling film. This adaptable packing material keeps goods safe and secure while they are being transported and stored. It is created by extruding a thin layer of polyethylene plastic onto a flat surface, cooling it, and producing a film with a uniform thickness and outstanding clarity.
Market Driving Factors
An increase in anti-static and UV protection films and automation compatibility drives the market growth. In recent years, there has been a rising proliferation of anti-static and UV protection features and capabilities in cast stretch films to address various specific industry needs and challenges, particularly in sectors dealing with sensitive electronic components, UV-sensitive products, and many others.
Modern technological developments for stretch films are estimated to drive market growth. This is because of the continuous improvements in production methods have resulted in new, high-performance films and the increasing need for eco-friendly packaging options.
Competition from alternative packaging materials limits the market.
Regional Analysis
North America dominated the market in terms of the largest revenue. This growth can be attributed to the substantial adoption of cutting-edge manufacturing processes and technologies and constant advancements that improve load retention capabilities, film quality, and thickness consistency. In addition, the existence of laws related to safe packaging and transportation of goods across the area and the requirement to comply with these packaging standards to keep products secure and safe will also propel market expansion.
The Asia Pacific dominates the market in terms of the significant growth rate during the forecast period. This is due to the robust existence of many favorable elements, such as an immediate surge in the region’s population, increasing consumption of packaged food as a result of hectic lifestyle adoption and urbanization, and extreme increase in customer disposable income, allowing them to support higher in products with effective and sustainable packaging.
Segmentation Insights
Material Type Insight
The linear low-density segment dominates the market in terms of the largest share. This is due to its increasing popularity among several applications as they provide exceptional stretchability and cling and can be extremely extended without losing their shape, coupled with sufficient load containment and stability during storage and transportation.
Laser Type Insight
The multi-layer segment is predicted to dominate the market in terms of the largest revenue share. This is due to its several beneficial characteristics associated with the use of multi-layer films, including better load stability safety for goods, improved puncture resistance, high transparency and clarity, and cost-effectiveness compared to other wrapping and packaging materials. Furthermore, the rapidly surging demand for eco-friendly packaging solutions is a result of raised awareness and regulations about environmental concerns and sustainability. This creates lucrative opportunities for multi-layer films with recyclable properties.
The single-layer segment dominates the market in terms of a significant amount of share and is increasing at a significant pace. This segment is widely known for its simplicity in terms of applications and manufacturing along with the good stretchability that assists secure loads effectively and lowers the risk of damage during transit.
End Use Insight
The pharmaceuticals segment is estimated to dominate the market in terms of the highest growth rate throughout the forecast period. This is mainly due to its ability to offer better product protection and shelf-life extension, mainly for those who are sensitive to moisture, light, and oxygen. Furthermore, various leading pharmaceutical companies are aware of the significance of maintaining a favorable brand image and customer trust. Therefore, they are opting for high-quality packaging, such as cast stretch films.
The food & beverage segment dominates the market in terms of the substantial share. This is majorly due to the increasing need for efficiently packaged food and beverage products owing to surging consumer awareness about safety and hygiene. Additionally, they are gaining huge popularity across the segment due to their types of film support provide a safe and airtight wrap around the palletized products while maintaining the freshness, quality, and taste during transportation and storage.
Prominent Companies
Segmentation Outline
The global cast stretch films market segmentation focuses on Material Type, Laser Type, End Use, and Region.
By Material Type
By Laser Type
By End Use
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL CAST STRETCH FILMS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: CAST STRETCH FILMS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL CAST STRETCH FILMS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL CAST STRETCH FILMS MARKET, BY MATERIAL TYPE
5.1 OVERVIEW
5.2 POLYETHYLENE
5.3 LINEAR LOW-DENSITY POLYETHYLENE
5.4 LOW-DENSITY POLYETHYLENE
5.5 POLYPROPYLENE
5.6 POLYAMIDE
5.7 OTHERS
6 GLOBAL CAST STRETCH FILMS MARKET, BY LASER TYPE
6.1 OVERVIEW
6.2 SINGLE LAYER
6.3 MULTI-LAYER
7 GLOBAL CAST STRETCH FILMS MARKET, BY END USE
7.1 OVERVIEW
7.2 FOOD & BEVERAGES
7.3 PHARMACEUTICALS
7.4 PERSONAL CARE & COSMETICS
7.5 ELECTRICAL & ELECTRONICS
7.6 HOME CARE
7.7 CHEMICALS
7.8 OTHERS
8 GLOBAL CAST STRETCH FILMS MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL CAST STRETCH FILMS MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 AEP INDUSTRIES INC
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 AMCOR PLC
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 BAGLA GROUP OF COMPANIES
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 BERRY GLOBAL INC
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 BISCHOF+ KLEIN
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 BOREALIS AG
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 BP PLASTICS HOLDING BHD
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 CLONDALKIN GROUP
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 GRIFF PAPER AND FILM
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 INTERNATIONAL PLASTICS INC
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 JINDAL POLY FILMS LIMITED
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 PARAGON FILMS INC
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 SIGMA PLASTICS GROUP INC
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 SIGMA STRETCH FILM CORPORATION
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 WINPAK LTD
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved