Data Bridge Market Research unveils a comprehensive study of the Cling Film Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
The comprehensive Cling Film market report covers a wide range of aspects, spanning from market scenarios to a comparative analysis of pricing among key players, as well as the costs and profits associated with specific market regions. Conducted with a flexible approach, the research and analysis in this Cling Film report adapt to client needs and business requirements, employing either a single-step or a combination of steps. In-depth examinations of various markets, marketing strategies, emerging trends, future products, and opportunities are integral to the study, ensuring a holistic understanding of the market landscape. The report incorporates estimations of the Compound Annual Growth Rate (CAGR) as a percentage for the forecasted period, empowering users and clients to make informed decisions based on predictive trends.
Furthermore, for businesses, understanding consumer demands, preferences, attitudes, and evolving tastes is crucial, and this Cling Film report serves as a valuable tool for acquiring such insights. Shedding light on both inhibitors and motivators of the product market, the report employs a dual approach—quantitative and qualitative—to provide users with precise and reliable information. Additionally, the Cling Film report delves into the analysis of key manufacturers, trends, opportunities, marketing strategies, market impact factors, and consumer needs across major regions, types, and applications on a global scale. This comprehensive examination takes into consideration the past, present, and future states of the Materials & Packaging industry, ensuring a well-rounded perspective for stakeholders.
Global Cling Film Market was valued at USD 1.17 billion in 2021 and is expected to reach USD 1.91 billion by 2029, registering a CAGR of 5.90% during the forecast period of 2022-2029. "PVC films" accounts for the material type segment in the cling film market owing to its durability.
Market Definition
Cling film (also known as plastic wrap, food wrap, saran wrap, and stretch film) is a thin transparent plastic film that sticks to surfaces and to itself and is used to wrap food in containers. Cling films are high-quality food wrap films that keep food fresh, protect it from insects and microbiological contamination, and reduce the risk of food waste by extending its shelf life.
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Market Growth Drivers:
- Growth In Food And Beverage Sector
The significant growth in the food and beverage industry across the globe is estimated to carve a way for the growth of the market. The cling films basically wrap food items to prevent them from insect, dust and microbial contamination and minimize the risks of spoilage and wastage.
The widespread utilization of polymer-based cling films for packaging, will further propelled the growth rate of cling film market. These films also improve mechanical handling properties, prevent the loss of moisture from the food and minimize lipid migration and oxygen absorption, which will drive market value growth. The utilization of these films in pharmaceutical and healthcare sector as first aid bandages due to its impermeable surface which avoids any infection or moisture absorption are other market growth determinants.
Furthermore, various product innovations by the market players such as the development of biodegradable and compostable cling film variants extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, rising awareness about the benefits of cling film will further expand the future growth of the cling film market.
The report emphasizes the participation of key entities, notably:
3M (U.S)
Anchor Packaging LLC (U.S)
Berry Global Inc. (U.S)
CeDo Ltd. (U.K)
Dow (U.S)
Harwal Group of Companies (UAE)
Intertape Polymer Group (Canada)
Jindal Poly (India)
Klöckner Pentaplast (Germany)
Mitsubishi Chemical Corporation (Japan)
MOLCO GmbH (Germany)
Multi Wrap (Pty) Ltd. (South Africa)
Key Highlights in the Report
- Providing an extensive analysis of the Cling Filmmarket for a holistic understanding.
- Presenting details about the leading industry players, their product ranges, and strategic approaches.
- Delving into the prominent regional landscapes where Cling Filmdemonstrates significant growth.
- Exploring the latest trends and advancements within the industry.
- Identifying potential and specialized segments/regions poised for notable expansion.
Key Market Segmentation
By Material Type (Polyethylene, Biaxially Oriented Polypropylene, PVC, PVDC, Other Material Types), Form (Cast Cling Film, Blow Cling Film), Thickness (Up to 8 microns, 8 - 14 microns, and Above 14 microns), End-User Industry (Food, Healthcare, Consumer Goods, Industrial, Other End-user Industries)
Target Audience:
- Businesses in the Cling Filmindustry
- Investors and analysts interested in the Cling Filmmarket
- Anyone who wants to learn more about the Cling Filmmarket
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