The Cling Film Market finds significant use across various industries and applications, cling film is widely utilized for food packaging, wrapping, and preservation purposes. It helps extend perishable goods' shelf life, maintain freshness, and prevent contamination. Cling film is also extensively used in the healthcare industry for sterile medical instruments, supplies, and equipment packaging. Additionally, it finds applications in the household sector for covering and storing food leftovers. Cling film's versatility, convenience, and cost-effectiveness make it an essential product in multiple industries, driving its significant use and demand in the market.
According to Data Bridge Market Research, the 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.
“Progress in the food and beverage sector facilitates market growth”
The food and beverage sector's growth is a significant driver of the cling film market. The increased production and consumption of food and beverages create a higher demand for packaging materials, including cling film. Cling film plays a crucial role in food preservation, storage, and contamination protection. As the food and beverage industry expands, with new product launches, increased distribution channels, and changing consumer preferences, the demand for cling film as a packaging solution also grows. The industry's focus on convenience, food safety, and extended shelf life further drives the adoption of cling film in packaging applications, fueling the growth of the cling film market.
What restraints the growth of the global cling film market?
“Supply chain disruptions restraint on the cling film market”
Supply chain disruptions can act as a significant restraint on the cling film market. Cling film production relies on a complex global supply chain that includes raw materials, manufacturing, packaging, and distribution. Any disruption in the supply chain, such as raw material shortages, transportation challenges, or trade restrictions, can lead to delays in the production and distribution of cling film. This can result in limited product availability, increased costs, and potential market instability. Maintaining a resilient and reliable supply chain becomes crucial to mitigate the impact of disruptions and ensure an uninterrupted supply of cling film to meet market demands.
Segmentation: Global Cling Film Market
The cling film market is segmented on the basis of material type, form, thickness, and end-user industry.
- On the basis of material type, the cling film market is segmented into polyethylene, biaxially oriented polypropylene, PVC, PVDC, and other material types.
- On the basis of form, the cling film market is segmented into cast cling film, blow cling film.
- On the basis of thickness, the cling film market is segmented into up to 8 microns, 8 - 14 microns, and above 14 microns.
- On the basis of end-user industry, the cling film market is segmented into food, healthcare, consumer goods, and industrial, other end-user industries.
Regional Insights: North America dominates the Global Cling Film Market
North America dominates the cling film market due to increased expenditure on research and development, leading to improved product capabilities. The region also experiences high food and beverage demand, where cling film is widely used for food preservation and packaging. Additionally, a growing cluster of manufacturers focusing on biodegradable cling films contributes to North America's market dominance.
In Asia-Pacific, the rising usage of cling film in the food packaging sector is driven by the growing trend of on-the-go food products. The region's emerging economies, such as India and China, witness increasing urbanization, which fuels the demand for convenient and portable food packaging solutions. This has resulted in higher adoption of cling film for food packaging purposes in the Asia-Pacific market.
To know more about the study visit, https://www.databridgemarketresearch.com/ar/reports/global-cling-film-market
Recent Developments in the Global Cling Film Market
- In April 2020, Berry Global invested around USD 30 million to increase the capacity of its ultra-high performance (UHP) machines and hand stretch films manufacturing in nine North American facilities. This expansion aimed to enhance manufacturing capacity and meet the growing demand for stretch films.
- In June 2021, Amcor's Flexibles North American unit installed a seven-layer blown film plant to produce AmPrima PE Plus heat-resistant and ultra-clear films. These films offer environmentally friendly packaging solutions that can be recycled curbside or through existing in-store drop-off locations. They are prequalified for the How2Recycle® label, simplifying the development process for clients and promoting sustainability.
The Prominent Key Players Operating in the Global Cling Film Market Include:
- 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)
- Nan Ya Plastics Corporation (China)
Above are the key players covered in the report, to know about more and exhaustive list of global cling film market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Cling Film Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
