PVC Cling Film Market to gain ground as demand in food packaging soars

Global Market Insights, Inc., announces an ongoing comprehensive report on the "PVC cling film market".

PVC cling film has become a major revenue generating product as it is an economic and hygienic way to protect and wrap food. PVC cling films are being highly sought-after to preserve food and do away with food waste. FAO estimates that the global volume of food wastage stands at 1.6 billion tons of primary product equivalents.

The COVID-19 pandemic has left a raging impact worldwide, severely affecting business operations. Despite the grim current scenario, analysts predict that post the slowdown of the crisis, the market is likely to witness lucrative growth prospects. This report delivers a detailed evaluation of how COVID-19 has impacted the industry, the global economic downturn, and the latest trends characterizing the market at present.

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Cling films are predominantly used for packaging and in a stretch-wrap process. PVC cling films, as such, have become a sustainable choice for fresh food packages, having the functional, environmental and technical performance.
Given that they reduce the environmental impact by boosting shelf life and reducing food waste, investment is likely to witness an upward trend.
Global Market Insights, Inc., has projected PVC cling film market to expand robustly.

PVC cling films set the trend in food industry

Plastic food packaging film has revolutionized the food industry on the heels of its preserving and protective qualities through strong tear resistance and use of plasticizers. One of the striking features is that these cling films are being perceived as a cost-effective equipment for food preservation.

With foodservice and hospitality sectors wasting millions of tons of food every year, PVC cling films have been providing a positive solution by helping boost shelf life and preserve food.

Currently being one of the most prevalently used materials for food storage, PVC cling films have been setting the trend among stakeholders.

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Growth drivers of PVC cling film market are

Increased traction for cling films as a major contributor to food safety, especially protecting dairy and meat products have propelled PVC cling film industry share. Mega trend for ready-to-eat food, as such, has been instilling confidence among stakeholders to expand their portfolios.

Sedentary lifestyle adopted across the globe, including North America, Europe and Asia Pacific and the inclination towards food takeaway may augur well for the manufacturers of PVC cling film.

Key players of PVC cling film market are

Berry Global Inc., Sigma Stretch Film, Mitsubishi Chemical Holdings, Intertape Polymer Group, Kl?ckner Pentaplast Group, Reynolds Group Holding Limited., POLIFILM GmbH, Thong Guan Industries Berhad, Tronoplast Technologies Inc., CeDo Ltd., etc.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.