Latest Trends In Global Biodegradable Stretch Film Market

Biodegradable stretch film is a type of packaging material designed to provide the same functionality as traditional plastic stretch film while being more environmentally friendly in terms of its end-of-life disposal.

Stretch film, also known as stretch wrap, is commonly used for securing and protecting palletized goods during transportation and storage.

It is typically made from petroleum-based plastics like polyethylene, which can contribute to plastic waste and pollution.

Biodegradable stretch film aims to address these environmental concerns by breaking down more readily in the environment.

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One common example of a biodegradable material used in stretch film is polylactic acid (PLA), which is derived from cornstarch or sugarcane.

PLA biodegradable stretch film offers similar stretch and holding capabilities as conventional plastic stretch film, making it suitable for applications like wrapping pallets of goods for transportation and storage.

GLOBAL BIODEGRADABLE STRETCH FILM MARKET SIZE AND FORECAST

The Global biodegradable stretch film market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.


RECENT DEVELOPMENT

Corrosion control and packaging expert Cortec today announced the launch of Eco Wrap, the world's first compostable industrial strength machine grade stretch film.

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The latest formula uses a certified compostable resin plus a tackifier additive to make an industrial strength compostable stretch wrap that can be used on most standard automated stretch wrap equipment.

The patent-pending new product is a breakthrough for the industrial packaging and warehousing industries which rely heavily on automated stretch wrapping to prepare pallets of goods for storage, inventory, or shipment.

The new formulation expands Cortec's line of existing commercially compostable films and bags and is an exciting breakthrough after many years in development, making commercially compostable machine grade stretch wrap a viable option for use in countless industrial applications.

Eco Wrap will be extruded at and distributed around the world from Cortec's film production bases in North America (Cortec Advanced Films) and Europe (EcoCortec).

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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

How many Biodegradable Stretch Films are manufactured per annum globally? Who are the sub-component suppliers in different regions?
Cost breakup of a Global Biodegradable Stretch Film and key vendor selection criteria
Where is the Biodegradable Stretch Film manufactured? What is the average margin per unit?
Market share of Global Biodegradable Stretch Film market manufacturers and their upcoming products
Cost advantage for OEMs who manufacture Global Biodegradable Stretch Film in-house
key predictions for next 5 years in Global Biodegradable Stretch Film market
Average B-2-B Biodegradable Stretch Film market price in all segments
Latest trends in Biodegradable Stretch Film market, by every market segment
The market size (both volume and value) of the Biodegradable Stretch Film market in 2023-2030 and every year in between?
Production breakup of Biodegradable Stretch Film market, by suppliers and their OEM relationship

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This release was published on openPR.