The cling film market is projected to experience a compound annual growth rate (CAGR) of 5.2% during the forecast period, aiming to reach a market value of USD 8.72 billion by 2027. Cling film, which is a thin plastic sheet commonly known as plastic wrap or food wrap, is widely utilized for the preservation and encapsulation of food products.
The industry’s expansion is primarily attributed to the increasing consumer demand for packaged and convenient goods, as well as the rise in 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 items.
The market comprises three main material types: low-density polyethylene (LDPE), polyvinyl chloride (PVC), and linear low-density polyethylene (LLDPE). Among these, PVC is the most commonly used material for cling film due to its remarkable clarity, strength, and flexibility.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2654
However, there are growing concerns about the environmental impact of cling film. Plastic cling film can contribute to environmental pollution and can take hundreds of years to decompose in landfills. Consequently, there is a rising demand for alternatives to plastic cling film, including beeswax wraps and silicone food covers, which are more environmentally friendly.
In summary, the cling film market is expected to continue its growth trajectory in the forthcoming years, driven by the increasing demand for convenient and safe food packaging solutions. However, it is crucial for the industry to address concerns regarding the environmental impact of plastic cling film and explore sustainable alternatives to meet the changing preferences of consumers.
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.
Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-2654
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
Speak to Our Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-2654
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
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
