Cling Film Market Trends, Business Opportunities, Strategies, Key Players Analysis and Forecast 2029

Cling Film Market

With the increase demand from the pharmaceuticals and food and beverages sector globally, there has been a significant rise in the adoption of cling films. They exhibit various advantageous properties, which increases its usage across end users resulting in increased traction for the market.

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. "PVC films" accounts for the material type segment in the cling film market owing to its durability.

Cling film (also known as plastic wrap, food wrap, saran wrap, and stretch film) is a thin transparent plastic film that sticks to surfaces and to itself and is used to wrap food in containers. Cling films are high-quality food wrap films that keep food fresh, protect it from insects and microbiological contamination, and reduce the risk of food waste by extending its shelf life.

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Some of the major players operating in the cling film market are 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), and Nan Ya Plastics Corporation (China) among others

Global Cling Film Market Scope

The cling film market is segmented on the basis of material type, form, thickness and end-user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material Type

Polyethylene
Biaxially Oriented Polypropylene
PVC
PVDC
Other Material Types
On the basis of material type, the cling film market has been segmented into polyethylene, biaxially oriented polypropylene, PVC, PVDC and other material types. PVC films are estimated to register highest growth within the segment owing its durability.

Form

Cast Cling Film
Blow Cling Film
The cling film market has also been segmented on the basis of form into cast cling film and blow cling film.

Thickness

Up to 8 microns
8 - 14 microns
Above 14 microns
On the basis of thickness, the cling film market is segmented into up to 8 microns, 8 - 14 microns and above 14 microns.

End-User Industry

Food
Healthcare
Consumer Goods
Industrial
Other End-user Industries
On the basis of end-user industry, the cling film market is segmented into food, healthcare, consumer goods, industrial and other end-user industries.

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Cling Film Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Growth In Food And Beverage Sector

The significant growth in the food and beverage industry across the globe is estimated to carve a way for the growth of the market. The cling films basically wrap food items to prevent them from insect, dust and microbial contamination and minimize the risks of spoilage and wastage.

The widespread utilization of polymer-based cling films for packaging, will further propelled the growth rate of cling film market. These films also improve mechanical handling properties, prevent the loss of moisture from the food and minimize lipid migration and oxygen absorption, which will drive market value growth. The utilization of these films in pharmaceutical and healthcare sector as first aid bandages due to its impermeable surface which avoids any infection or moisture absorption are other market growth determinants.

Furthermore, various product innovations by the market players such as the development of biodegradable and compostable cling film variants extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, rising awareness about the benefits of cling film will further expand the future growth of the cling film market.

Various Disadvantages Will Limit the Growth in the Long Run

Low resistance to extreme weather conditions, rough transport and the extreme temperature will create hindrances for the growth of the cling film market.

Supply Chain Disruptions Will Pose a Threat to the Market

With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of packaging solutions. Also, the fluctuations in the prices of raw materials will prove to be a demerit for the cling film market. Therefore, this will challenge the cling film market growth rate.

This cling film market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cling film market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-cling-film-market

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