The cling film market is projected to experience a compound annual growth rate (CAGR) of 5.2% during the forecast period, with an estimated value of USD 8.72 billion by 2027. Cling film, also known as plastic wrap or food wrap, is a thin plastic sheet commonly used for preserving and encapsulating food items.
The industry’s expansion is primarily attributed to the rising consumer demand for packaged and convenient goods, along with increased consumer awareness regarding food safety and storage practices. Cling film is frequently employed in households, restaurants, and the food processing and packaging sectors to extend the shelf life of food products.
There are three primary material types that constitute the cling film market: low-density polyethylene (LDPE), polyvinyl chloride (PVC), and linear low-density polyethylene (LLDPE). PVC is the most commonly used material for cling film due to its exceptional clarity, strength, and flexibility.
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However, concerns about the environmental impact of cling film have emerged. Plastic cling film contributes to environmental pollution and can take several hundred years to decompose in landfills. Consequently, there is a growing demand for alternatives to plastic cling film, such as beeswax wraps and silicone food covers.
In conclusion, the cling film market is expected to continue growing in the coming years due to the increasing demand for convenient and safe food packaging solutions. However, the industry must address environmental concerns associated with plastic cling film and explore sustainable alternatives to meet evolving consumer needs.
Market Benefits
- The study provides an in-depth analysis of the global Cling Film market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2021 to 2031 to enable stakeholders to capitalize on the prevailing market opportunities.
Key Takeaways from the Cling Film Market Study
- Polyvinyl chloride is expected to create incremental opportunity of US$ 508.3 million by 2031. It is cost-effective and suitable for recycling processes.
- Cling film products up to 9 microns in thickness is estimated to increase 1.7 times by the end of 2031, attributed to clear and transparent packaging for food product displays.
- Canada is expected to reflect faster growth in North America, with a 6.5% CAGR due to the presence of key players and the availability of technological advancements.
- Germany leads Western Europe accounting for 26% of the value share by 2031, owing to relatively higher production capacity.
- China will continue to dominate APEJ holding over 40% of the market through 2031, supported by a large base of end users and manufacturers.
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Competitive Landscape
- Berry Global Group, Inc.
- Intertape Polymer Group (IPG)
- Gruppo Fabbri Vignola S.p.A
- Kalan SAS
- Fine Vantage Limited
- Rotofresh – Rotochef s.r.l.
- Manuli Stretch S.p.A.
Cling Film Market by Category
By Material type:
- Polyethylene
- Low Density Polyethylene (LDPE)
- High Density Polyethylene (HDPE)
- Linear Low Density Polyethylene (LLDPE)
- Bi-axially Oriented Polypropylene (BOPP)
- Polyvinyl Chloride
- Polyvinylidene Chloride
- Others
By Thickness:
- Up to 9 micron
- 9 to 12 micron
- Above 12 micron
By End Use:
- Food
- Meat
- Seafood
- Baked Foods
- Dairy Products
- Fruits & Vegetables
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