Materials & Chemicals / Cling Film Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Glad, Saran, AEP Industries, Polyvinyl Films
Cling Film Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Glad, Saran, AEP Industries, Polyvinyl Films
The Global Cling Film Market will register a 4.84% CAGR in terms of revenue to reach US$ 10.60 Billion by 2027.
Cling Film Market Overview
Cling film is a thin plastic film typically used as a wrap for sealing food to keep them fresh over a longer period of time. Cling film, typically sold on rolls in boxes with a cutting edge, clings to smooth surfaces and can thus remain tight over the opening of a container without adhesive or other devices.Cling film which is also known as food wrap, saran wrap, stretch film or plastic wrap, is a thin plastic film which is transparent and adheres to itself and surfaces is used to package food items in containers. Cling film which is high-quality food wrap helps in preventing food from dust, insects and microbial contamination and keeps the food fresh. It also helps in minimizing risk of wastage and increases shelf life. PVC cling films represent a workable choice for packaging fresh food along with minimizing food waste predominantly at retail and consumer level where primary losses occur in developed countries. Cling Film are typically consisting of a thin plastic film used as a wrap for sealing food to keep them fresh over a longer period of time. The most common cling films are PE and PVC.
The report also assesses the key opportunities in the Cling Film market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Cling Film Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Industry News and Updates
February 5, 2020: BASF and Fabbri Group develop certified compostable cling film for fresh-food packaging--
BASF and Fabbri Group have developed a sustainable solution for cling film used in fresh-food packaging: Based on BASF’s certified compostable ecovio®, Fabbri Group produces the highly transparent stretch film Nature Fresh. Meat, seafood as well as fruit and vegetables can be wrapped manually or with automatic packaging equipment. Industrial stretch packaging is also possible. It is the first certified compostable cling film that combines optimal breathability for an extended shelf life of fresh food with high transparency and excellent mechanical properties for automatic packaging.
What are the major Applications, Types and Regions for Cling Film Market?
The cling Film Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented as
PE
PVC
PVDC
PMP
Others
By Application, it is segmented as
Household
Supermarkets
Restaurants
Others
Cling Film Market Segments Analysis
PVC cling film are the most commonly one in the cling film market. 63.6% cling film are PVC cling film. However, PE cling film type also has attracted market due to its distinctive characteristics.
Food Industry held the largest share in the cling films market in 2019 growing at CAGR of 8.4%. Cling films are suitable for all food packaging as it offers excellent glossiness and fog resistance property. In food industry, PVC cling films are prominent film material for wrap as it is thin and stretchable and can adhere to any smooth surface without the need of any adhesives.
Cling Film Market Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Cling Film Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Asia-Pacific is likely to witness the highest growth demand for cling films, owing to their increasing usage in food packaging, healthcare, and consumer goods sector of emerging economies, including China, India, and Japan. China has one of the major food industries across the globe. The growing population and the average per capita consumption are major drivers for the growth of the food market in the country. China's major food processing companies recorded combined profits of CNY 535.96 billion, generating about USD 82.92 billion, up by 6.8% year on year. In the beverage industry, the consumption trend of healthy, natural, and convenient ready-to-drink smoothies, juices, and yogurts is emerging.
What is our Cling Film Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 4.84% over the forecast period (2022-2027)
Yes, the report can be customized as per your needs
Key Takeaways from this Cling Film Report
Evaluate Cling Film market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Cling Film market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Cling Film Market?
The Cling Film Market is growing at a CAGR of 4.84% over the next 5 years.
What are the significant types of Cling Film Market?
PE, PVC, PVDC, PMP, Others
What are the major end-use applications of Cling Film Market?
Household, Supermarkets, Restaurants, Others
On the basis of type, Which segment is likely to hold the major share in the Cling Film Market?
PVC segment to hold the largest share in Cling Film market
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
