The cling film market in North America was valued at US$ 374.84 million in 2018 and is projected to reach US$ 607.43 million by 2027; it is expected to grow at a CAGR of 5.5% from 2019 to 2027. Cling films are the plastic coatings found mainly used in the food packaging industry.
NEW YORK, Nov. 22, 2024 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, Global cling films market is observing significant growth owing to rapid growth in the food industry and the rise in demand from healthcare and pharmaceutical industries.
https://mma.prnewswire.com/media/2520492/The_Insight_Partners_Logo.jpg [https://mma.prnewswire.com/media/2520492/The_Insight_Partners_Logo.jpg]
The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the cling films market analysis focuses on an array of products that are expected to determine market strength in the coming years.
Download Sample Pages of Research analysis: https://www.theinsightpartners.com/sample/TIPRE00003561/ [https://www.theinsightpartners.com/buy/TIPRE00003561/?utm_source=PRNewsWire&utm_medium=10370]
The report from The Insight Partners, therefore, provides several stakeholders--including raw material suppliers, manufacturers, distributors/suppliers, and others--with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.
Overview of Report Findings
1. Market Growth: The cling films market is expected to reach US$ 8.22
billion by 2031 from US$ 5.48 billion in 2023; it is anticipated to
record a CAGR of 5.2% during the forecast period. Cling films, also known
as plastic wraps, food wraps, or stretch films, are thin, flexible
plastic films used primarily to cover and seal industrial products,
consumer goods, pharmaceuticals, and food items. These films are
typically made from materials such as polyethylene (PE), polyvinyl
chloride (PVC), and polyvinylidene chloride (PVDC). Their primary
characteristics include their ability to adhere to surfaces, form a tight
seal, and maintain transparency.
2. Rapid Growth in Food Industry: The rising demand for fresh, highly
nutritional, and tasty food creates the need for innovative and
contamination-free packaging solutions to protect food products from
spilling, extend shelf life, and preserve quality. Cling films protect
products throughout the distribution process. Cling films, with their
ability to tightly seal food items, provide an efficient solution for
packaging perishable goods such as vegetables, fruits, meats, and dairy
products. Moreover, the rise in demand for convenience food and
ready-to-eat meals propels the requirement for cling films as they offer
convenience in packaging and preserving these products. Additionally,
with the increasing consumer awareness about food safety and hygiene,
cling films are preferred for their ability to protect food from
contamination and external pollutants.
3. Soaring Demand from Healthcare and Pharmaceutical Industries: The
healthcare and pharmaceutical industries stand at the forefront of
innovation and precision, demanding packaging solutions that ensure the
safety and integrity of products. With the increasing advancements in
medical technology and a surging aging population, there is a rising
requirement for efficient and reliable packaging options to ensure the
integrity and safety of medical devices, surgical instruments, and
pharmaceutical products. Cling films play a crucial role in this context,
providing a sterile barrier that helps prevent contamination and maintain
product quality throughout the supply chain. In the healthcare sector,
cling films are also extensively used for packaging sterile medical
supplies such as bandages, gauze pads, and catheters. These films help
maintain the sterility of these items, reducing the risk of infections
and ensuring patient safety. Moreover, cling films are employed in
packaging surgical instruments and medical equipment, providing a
protective barrier against dust, moisture, and other contaminants. Thus,
the growth of the healthcare and pharmaceutical industries drives the
market growth.
4. Geographical Insights: In 2023, Asia Pacific led the market with a
substantial revenue share, followed by Europe and North America. Asia
Pacific is expected to register the highest CAGR during the forecast
period.
Read full market research report, "Cling Films Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material Type (Low Density Polyethylene, Biaxially Oriented Polypropylene, Polyvinyl Chloride, Polyvinylidene Chloride, and Others), Form (Cast Cling Film and Blow Cling Film), End Use (Food, Healthcare and Pharmaceuticals, Consumer Goods, Industrial, and Others), and Geography [https://www.theinsightpartners.com/reports/cling-films-market]", published by The Insight Partners.
Market Segmentation
-- Based on material type, the cling films market is segmented into
low-density polyethylene, biaxially oriented polypropylene, polyvinyl
chloride, polyvinylidene chloride, and others. The low density
polyethylene segment held the largest share of the cling films market in
2023.
-- By form, the cling films market is segmented into cast cling film and
blow cling film. The cast cling film segment held a larger share of the
cling films market in 2023.
-- Based on end use, the cling films market is segmented into food,
healthcare and pharmaceuticals, consumer goods, industrial, and others.
The industrial segment held the largest share of the cling films market
in 2023.
-- The cling films market is segmented into five major regions: North
America, Europe, Asia Pacific, Middle East and Africa, and South and
Central America.
Get Sample Pages of Research analysis: https://www.theinsightpartners.com/sample/TIPRE00003561/ [https://www.theinsightpartners.com/sample/TIPRE00003561/?utm_source=PRNewsWire&utm_medium=10370]
Competitive Strategy and Development
-- Key Players: Major companies operating in the cling films market include
Berry Global Group Inc, Adex S.r.l., Anchor Packaging LLC, Cedo Ltd, The
Interpublic Group of Companies Inc, MOLCO GmbH, Multiwrap, Dow Inc,
POLIFILM and Mitsubishi Chemical Group Corp.
-- Trending Topics: Innovations and Smart Packaging, Post-Consumer Recycled
Plastic, Adoption of Biodegradable Cling Film, Recyclable Cling Film,
High Demand for Compostable Plastics, and Polyethylene Cling Films
Global Headlines on Cling Films
-- Berry launches breakthrough technology in cling film
-- How Omni Xtra+ Can Drive More Recycling of Cling Films
Purchase Premium Copy of Global Cling Films Market Growth Report at: https://www.theinsightpartners.com/buy/TIPRE00003561/ [https://www.theinsightpartners.com/buy/TIPRE00003561/?utm_source=PRNewsWire&utm_medium=10370]
Conclusion
Cling films are widely used in the households, supermarkets, and the food service industry to wrap and protect food from contaminants, moisture, and air, thus extending its shelf life. They are favored for their convenience, ease of use, and effectiveness in preserving food quality. The market is driven by the rising demand for convenience foods, heightened awareness of food safety, and technological advancements in film materials. Key materials include polyethylene (PE) for its cost-effectiveness and flexibility, polyvinyl chloride (PVC) for its superior cling properties despite environmental concerns, and polyvinylidene chloride (PVDC) for its excellent barrier characteristics. The growing demand for cling films for food packaging and industrial applications boosts the growth of the cling films market.
Regional Analysis -
-- The cling film market in the Asia Pacific was valued at US$ 254.72
million in 2018 and is projected to reach US$ 428.22 million by 2027; it
is expected to grow at a CAGR of 6.0% from 2019 to 2027. Durability and
cost effectiveness of cling films is expected to propel the Asia Pacific
Cling Film Market's growth over the forecast period.
-- The cling film market in Europe was valued at US$ 300.53 million in 2018
and is projected to reach US$ 465.95 million by 2027; it is expected to
grow at a CAGR of 5.0% from 2019 to 2027. Increasing demand for packaged
and ready to eat food is expected to propel the Europe Cling Film
Market's growth over the forecast period.
Check out more related reports by The Insight Partners:
India Automotive Films Market Size [https://www.theinsightpartners.com/reports/india-automotive-films-market] Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031
High-performance Films Market Size [https://www.theinsightpartners.com/reports/high-performance-films-market] and Forecasts 2021 - 2031, Global and Regional Share, Trends, and Growth Opportunity Analysis
Window Films Market Size [https://www.theinsightpartners.com/reports/window-film-market] Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031
High-performance Films Market Size [https://www.theinsightpartners.com/reports/high-performance-films-market] and Forecasts 2021 - 2031, Global and Regional Share, Trends, and Growth Opportunity Analysis
Biodegradable Films Market Size [https://www.theinsightpartners.com/reports/biodegradable-films-market] and Forecasts 2021 - 2031, Global and Regional Share, Trends, and Growth Opportunity Analysis
Transparent Conductive Films Market Size [https://www.theinsightpartners.com/reports/transparent-conductive-films-market] and Forecasts 2021 - 2031, Global and Regional Share, Trends, and Growth Opportunity Analysis
Barrier Shrink Films Market Size [https://www.theinsightpartners.com/reports/barrier-shrink-films-market] and Forecasts 2021 - 2031, Global and Regional Share, Trends, and Growth Opportunity Analysis
Biofilms Treatment Market Size [https://www.theinsightpartners.com/reports/biofilms-treatment-market] and Growth 2031
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person:
Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com [mailto:ankit.mathur@theinsightpartners.com]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/cling-films-market [https://www.theinsightpartners.com/pr/cling-films-market]
Browse more The Insight Partners chemicals and materials Industry [https://www.theinsightpartners.com/categories/chemicals-and-materials/] Reports
Logo: https://mma.prnewswire.com/media/2520492/The_Insight_Partners_Logo.jpg [https://mma.prnewswire.com/media/2520492/The_Insight_Partners_Logo.jpg]
View original content:https://www.prnewswire.co.uk/news-releases/cling-films-market-size-to-reach-usd-8-22-billion-by-2031-rapid-growth-in-food-industry--the-insight-partners-302314014.html [https://www.prnewswire.co.uk/news-releases/cling-films-market-size-to-reach-usd-8-22-billion-by-2031-rapid-growth-in-food-industry--the-insight-partners-302314014.html]
Photo: https://mma.prnewswire.com/media/2520492/The_Insight_Partners_Logo.jpg The Insight Partners
