According to Future Market Insights (FMI), Japan’s food cling film market size is forecast to reach US$ 29.6 million in 2023. Overall food cling film sales in Japan will soar at 3.8% CAGR from 2023 to 2033. The total market valuation in Japan at the end of 2033 is set to reach US$ 43.0 million.
Burgeoning demand for food-grade packaging is a prominent factor driving Japan market. In Japan, cling films are frequently used to package food. This is because these films are clear, simple to use and help keep food fresh.
The need for food-grade cling films that are safe for cooking and storing food is rising as customers’ awareness of their own health increases. Driven by this food cling film sales in Japan will rise at a steady pace through 2033.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-17072
Companies in Japan are increasing their capacity to produce food-grade cling films to meet the rising demand. Further, to cater to the rising demand for environmentally friendly packaging, key players are introducing cutting-edge products such as biodegradable cling films.
Development and rising popularity of environmentally friendly food cling films in Japan will boost market revenues.
As more consumers and businesses value sustainability and eco-friendliness in their purchase decisions, the market for cling films will continue seeing great growth potential in the years to come.
Another factor that will elevate demand in Japan is the rise in online grocery shopping and home deliveries.
Key Takeaways from Japan Food Cling Film Market.
- Japan food cling film market will hit a valuation of US$ 43.0 million in 2033.
- From 2023 to 2033, sales of food cling films are set to surge at 3.8% CAGR.
- By material, polyethylene segment will account for over 53% of the market share in 2033.
- By thickness, up to 90 microns segment is likely to hold around 65% of the market share during the forecast period.
- By sales channel, the retail segment will generate the most revenues for the market through 2033.
“Japan food cling film industry will expand due to the increasing demand for food-grade packaging, driven by rising health consciousness. Companies are expanding production capacity and introducing innovative products, such as biodegradable cling films, to meet demand.” – Says an FMI analyst.
Growing Hypermarkets to Drive the Market for Japan Food Cling Films
The food cling film market is likely to be driven by Japan’s expanding hypermarkets. A broad variety of food products are sold in hypermarkets; thus, packaging must be secure, practical, and attractive.
Because they are simple to use and keep food fresh, food cling films are frequently used to package food items in hypermarkets. The market for food cling films will expand because of the demand brought on by Japan’s growing number of hypermarkets.
Further, because food cling films are used for packaging and shipping food items, the trend towards online grocery shopping will elevate their demand. Hence, the expansion of hypermarkets and the rising popularity of online grocery shopping will boost Japan food cling film industry.
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Who is Winning?
Mitsubishi Chemical Holdings Corp, Nan Ya Plastics Corporation, Shin-Etsu Polymer Co., Ltd., Kureha Corporation, Riken Technos Corp, Asahi Kasei Group, BENKAI Co., Ltd, KOHJIN Film & Chemicals, and Jiangyin Centry Plastic Products Co., Ltd. are few of the leading food cling film manufacturers profile in the report.
The Tier 3 players in the market hold 75 to 80% of the Japan food cling film market. New product launches, mergers, partnerships, acquisitions, and
Japan Food Cling Film Market Segmentation
By Material: Polyethylene (PE), Low Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyvinylidene Chloride (PVDC)
By Product: Machine Films, Manual and Handheld Films
By Thickness: Up to 9 microns, 9 to 12 microns, Above 12 microns
By Sale Channel: Manufacturers (Direct Sales), Retail, Hypermarket, Supermarket, Variety Stores, Specialty Stores, Distributors, Online
By End Use: Meat, Poultry & Seafood, Baked Foods, Dairy Products, Fruits & Vegetables, Ready to Eat Meals, and Other Food Products collaborations are key strategies adopted by companies.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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