June 02, 2022 07:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, June 02, 2022 (GLOBE NEWSWIRE) -- Analysts at TMR project the cast films market to clip a CAGR of 4.4% for the forecast period from 2022 to 2026. Changing lifestyle leading to incessantly rising demand for packaged food is fuelling the growth of cast films market. The increasing demand for see-through packaging with superior barrier properties makes food & beverage leading end-use industry for the cast films market.
Cast films provide longer shelf-life, brand visibility, and attractive packaging to serve millennials, and thus find major application for flexible packaging solution in the food and pharmaceutical industry.
Cast films are flexible packaging and exhibit different properties when blended with different polymer materials. Cast films are used in monolayer and multilayer structures with the latter exhibiting significantly high barrier properties when compared to single-layer films.
The U.S. holds more than 90% share of North America cast films market and is anticipated to emerge as fastest growing market for cast films in the upcoming years. Increasing use of multilayer cast packaging in the food sector accounts for leading share of U.S. in the cast films market of the region.
Practices of combining cast films with polymers such as EVOH and PVDC thereby extending barrier film applications of the former influences demand and sales forecasts of cast films in the U.S. Besides this, role of manufacturers to provide modified atmospheric packaging and other active and smart packaging solutions for improved efficiency and allows participants to exercise control on product quality across the value chain.
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Cast Films Market – Key Findings of the Report
How Cast Films Market will recover after covid19 - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=40625
Cast Films Market – Growth Drivers
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Cast Films Market – Key Players
Some of the key players operating in the cast films market are;
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The cast films market is segmented as follows;
Cast Films Market by Material
Cast Films Market by Thickness
Cast Films Market by Packaging Format
Cast Films Market by Layer Type
Cast Films Market by End-use Industry
Cast Films Market by Region
Browse Latest Packaging Market Research Reports by TMR:
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Lamination Films Market - The global lamination films market is projected to reach US$ 12.3 Bn by the end of 2029, expand at CAGR of 5.6% during the forecast period.
Mulch Films Market - The global mulch films market is expected to reach the value of US$ 6.7 Bn by the end of 2026, expand at a CAGR of 5.9% from 2022 to 2026.
High Barrier Packaging Films Market - The high barrier packaging films market is expected to cross US$ 26.6 Bn by 2029, at a CAGR of 6% during the forecast period.
EVA Resins & Films Market - The global EVA resins & films market is expected to cross the value of US$ 7.4 Bn by the end of 2031, expand at a CAGR of 5% from 2021 to 2031.
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