Press release
Asia-Pacific Plastic Wrap Market is Expected to Grow a CAGR of 5.20% During 2023 to 2030
Asia-Pacific Plastic Wrap Market
Increasing penetration of e-retail is a major factor which is likely to enhance the market growth globally. Moreover, the demand for the packaged will grow because the world population is anticipated to surge from 7.3 billion in 2015 to 9.7 billion in 2050, which is projected to increase the demand for plastic packaging such as plastic wrap. Furthermore, "polyethylene (PE)" is expected to be the fastest growing material segment because it is becoming popular as a substitute of PVC owing to the increasing environmental concerns with the chloride which has associated with PVC plastic wrap.
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Some of the major players operating in the plastic wrap market are:
Polywrap India (India)
AVPack Plastic Manufacturers (South Africa)
Suzhou Yuxinhong Plastic Packaging Co., Ltd. (China)
Natural Value Inc. (U.S.)
Coveris (U.K.)
Shenzhen Chengxing Packing & Material Co.Ltd (China)
Four Star Plastics (U.S.)
AMERICAN MANUFACTURE COMPANY (U.S.)
The Clorox Company (U.S.)
Asia-Pacific Plastic Wrap Market Scope
Type
Stretch Films
Shrink Films
Metallized Films
Twist Film
Release Film
Twist Rope
Others
Material
Polypropylene (PP)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Ethylene Vinyl Alcohol Copolymer (EVOH)
Ethylene-Vinyl Acetate (EVA)
Nylon
Others
Processing Type
Casting
Multiple Extrusion
Blow Molding
Injection Molding
Distribution Channel
E-commerce
Convenience Store
Retail Stores
Supermarket/Hypermarket
Others
End-User
Food and Beverages
Pharmaceuticals
Personal Care and Cosmetics
Chemical
Others
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