Food cling film, also known as plastic wrap or cling wrap, is a thin, transparent film made from polyethylene or PVC (polyvinyl chloride) that is commonly used to wrap and cover food items for storage and preservation. It is widely used in households, restaurants, catering services, and food manufacturing facilities due to its versatility, convenience, and ability to extend the shelf life of perishable food items.
The Japan food cling film market is positioned to achieve a market valuation of US$ 29.6 million in the year 2023. Over the following decade, sales of food cling film in Japan are expected to experience a significant surge, manifesting as a Compound Annual Growth Rate (CAGR) of 3.8%. By the culmination of 2033, the Japan food cling film industry is projected to reach an estimated US$ 43.0 million.
The demand for food cling film in Japan is anticipated to steadily increase, with the top 5 companies in the sector projected to collectively hold a market share of approximately 20% to 25% by the close of 2023.
One of the pivotal factors propelling the Japan food cling film market is the escalating demand for flexibility and convenience, spanning various end-use sectors. According to Future Market Insights (FMI), the Japan market for food cling films is poised to expand to 1.5 times its current market value over the projection period.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-17072
Key features and benefits of food cling film include:
- Sealing and Preservation: Cling film forms a tight seal around food containers, bowls, or directly over food items, effectively preventing air and moisture from entering or escaping. This helps to keep food fresh for longer periods by reducing exposure to oxygen and delaying spoilage.
- Versatility: Food cling film is suitable for wrapping a wide range of food items, including fruits, vegetables, meats, cheeses, sandwiches, baked goods, and leftovers. It can also be used to cover bowls, trays, and dishes during food preparation or storage.
- Transparency: Cling film is transparent, allowing consumers to easily identify the contents of wrapped food items without having to unwrap them. This makes it convenient for storing and organizing foods in refrigerators, freezers, and pantries.
- Flexibility and Stretchability: Cling film is flexible and stretchable, allowing it to conform to the shape of various food containers and surfaces. This ensures a snug fit and helps to minimize the risk of leaks or spills during storage or transportation.
Key Factors
Government policies and initiatives designed to reduce plastic waste and promote sustainability have become key drivers for the demand for eco-friendly packaging, transforming the landscape of the packaging industry.
Japan, in particular, has taken significant steps to address the issue of plastic waste. The government has introduced measures to curtail the generation of plastic waste, including the prohibition of single-use plastic bags in supermarkets and convenience stores. This proactive approach is expected to stimulate a surge in demand for eco-friendly alternatives, such as eco-friendly food cling films, in the Japanese market.
In response to these policies and the growing emphasis on sustainability, manufacturers are innovating by producing compostable and biodegradable cling films crafted from materials like corn flour, polylactic acid (PLA), or cellulose. These eco-friendly cling films offer similar functions as traditional options, such as food protection and preservation, but with a significantly reduced environmental impact. The market is witnessing a shift towards these sustainable alternatives as both government regulations and consumer preferences favor more eco-conscious packaging solutions.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-17072
Key Market Players
- Mitsubishi Chemical Holdings Corp
- BENKAI Co., Ltd.
- Nan Ya Plastics Corporation
- Dalian Samyoung Chemical Co., Ltd
- Anhui Jumei Biological Technology Co., Ltd
- Shin-Etsu Polymer Co., Ltd.
- Kureha Corporation
- Riken Technos Corp
- Asahi Kasei Group
- KOHJIN Film & Chemicals
- Jiangyin Centry Plastic Products Co., Ltd.
- LongYouRu packing Co., Ltd.
Segments Covered
- Material
- Thickness
- Product
- Sales Channel
- End Use
- Country
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube