Plastic Wrap Market is forecasted to grow at 5.5% with factors such as increasing consumption of plastic films in the beverage industry.
Plastic wrap market has shown an exceptional penetration in countries such as U.S., Germany and China. Growing usage of films is increasing the penetration in developed countries. In developing countries, recycling and reuse of plastics for innovation and sustainability of plastic wrap products is creating opportunity for the global plastic wrap market.
Plastic wrap Market Scenario
According to Data Bridge Market Research the market for plastic wrap in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is Jinan Zhenhua Plastic Packaging Co., Ltd. which accounts an estimated market share of approximately 35% to 38% in the Asia-Pacific. The company has gained outstanding sale through their industrial product which includes vinyl, polyester, foil and specialty industrial tapes and adhesives. In the first quarter of 2018, Jinan Zhenhua Plastic Packaging Co., Ltd divested a polymer additives compounding business and in May 2018, divested an abrasives glass products business.
- In February 2016, Four Star Plastics launched a new website which will provide potential customers to go in-depth into their website from devices to desktop computers. It will also increase the company’s customer portfolio.
Trends Impacting the Market
Now the question is which other regions Berry Global Inc, Reynolds Consumer Products and The Glad Products Company (A brand of The Clorox Company) are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific plastic wrap market and the market leaders targeting Japan and India to be their next revenue pockets for 2020.
The plastic wrap market is becoming more competitive every year with companies such as Berry Global Inc, Reynolds Consumer Products and The Glad Products Company (A brand of The Clorox Company) as they are the market leaders for plastic wrap. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the plastic wrap market.
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Plastic Wrap Market Development in 2020
- In January, Reynolds Consumer Products has announced that it has launched an initial public offering of shares of its common stock in accordance with a declaration of registration on FormS-1 filed with the United States. Securities and Exchange Commission ('SEC'). The business has sought to list its stock in the Nasdaq Global Select Market under the ticker symbol "REYN". With this expansion, the company increases its public sector revenue for the company.
Scope of the Plastic Wraps Market
Plastic wrap market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East & Africa.
- All country based analysis of plastic wrap market is further analyzed based on further segmentation. On the basis of type, the market is segmented into stretch film, shrink film, metallized film, twist film, release film, twist rope and others. On the basis of material, the market is segmented into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), ethylene-vinyl alcohol copolymer (EVOH), ethylene-vinyl acetate (EVA), nylon and others. On the basis of feature, the market is segmented into moisture proof and water soluble. On the basis of processing type, the market is segmented into casting, multiple extrusion, blow molding and injection molding. On the basis of transparency, the market is segmented into transparent, translucent and opaque. On the basis of hardness, the market is segmented into soft and rigid. On the basis of distribution channel, the market is segmented into e-commerce, convenience store, retail stores, supermarket/hypermarket and others. On the basis of end-user, the market is segmented into food & beverages, pharmaceuticals, personal care and cosmetics, chemical and others.
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Key Pointers Covered in Plastic wrap Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
- Value Chain Analysis
Key Market Competitors Covered in the Report
- Berry Global Inc
- Reynolds Consumer Products
- The Glad Products Company ( A brand of The Clorox Company)
- Polywrap
- AVPack Plastic Manufacturers
- Suzhou Yuxinhong Plastic Packaging Co., Ltd.
- Natural Value Inc.
- Coveris
- Shenzhen Chengxing Packing & Material Co.Ltd
- Four Star Plastics
- AMERICAN MANUFACTURE COMPANY
- S. C. Johnson & Son, Inc.
- Polyvinyl Films, Inc
- ChicWrap
- Jinan Zhenhua Plastic Packaging Co., Ltd
- Hoang Chau Plastic
- Shenzhen Bull New Material Technology Co., Ltd
- Shandong Kangye Plastic Products Co.Ltd
- SHENZHEN XINTENG PACKAGING CO., LIMITED
- XINJIANG RIVAL TECH CO., LTD.
Above are the key players covered in the report, to know about more and exhaustive list of plastic wrap companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-plastic-wrap-market
Research Methodology: Global Plastic wrap Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Printing Industry, Automobile Industry, Household Appliances
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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