Over the years, cast films have gained market share in both non-packaging and flexible packaging applications. Cast films tend to provide an array of advantage in propelling packaging performance, and optimizing cost and functionality. Consumers’ buying behavior exhibit an inclination towards smaller serving sizes for food and beverages. Nevertheless, demand growth for lightweight and convenience packaging has bolstered in the recent past. These insights are according to the intelligence report, titled, "Cast Films Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027," which has been freshly added to Market Research Hub’s (MRH) exponential repository. Soaring consumer traction towards transparency while purchasing personal care products and food items has signified the importance of cast films. Further, rising awareness pertaining to clean label movement and labelling regulations imposed by agencies have fared well for the growth of cast films market.
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Asia Emerges as a Happy Hunting Ground
Unprecedented production and consumption of cast films in China and India has reinforced growth of the market in Asia as the region is set to hold ~50% share and is slated to ride high on its hegemony in the ensuing period. Preeminent players such as Jindal Poly films, Polyplex Corporation Ltd., and Uflex are propelling their production capacities.
Europe Set to Log Incremental $ Opportunity of ~4.5 billion through 2027
Big players such as Winpak Ltd., Bemis Company, Inc., Sigma Plastics Group, Inc., Flair Flexible Packaging Corporation and Paragon Films, Inc. are cashing in on the rising popularity of multilayer cast films in food and packaging in North America and Europe. Manufacturers are also providing smart packaging solution to enhance efficiency and bolster value chain.
Meanwhile, with ~25% of share in cast films market, Europe is slated to log incremental dollar opportunity of ~4.5 billion through 2027.
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Cast Films Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the cast films market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the cast films market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on cast films.
An insightful and deep-dive assessment of the competitive assessment of the cast films market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the cast films market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Cast Films Market: Research Methodology
Primary sources and secondary sources propel intelligence report on cast films market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on cast films market further acknowledges secondary sources-namely-Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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