Insights into Cling Films Market Trends: Market Analysis and Key Competitors 2023-2028

According to IMARC Group's latest report, titled "Cling Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the global cling films market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

A cling film, or cling wrap, is a thin, clear plastic used to cover containers or wrap food. It is made using low-density polyethylene, polyvinylidene chloride (PVC), polyvinylidene dichloride (PVDC), and biaxially oriented polypropylene. The films have high tensile strength, transparency, heat resistance, and adhesive properties and are available in cast and blow cling variants. It is primarily used for packaging edible and non-edible items to seal and secure food items and prevent freezer burns. Currently, it is witnessing huge demand across the healthcare, food and beverage (F&B), and packaging industries.

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Cling Films Market Trends:

The rising working populace has significantly surged the demand for on-the-go food products, which represents one of the primary factors creating a positive outlook for the market. Moreover, the rapidly expanding F&B industry and the surging product demand for packing frozen meat and seafood products are bolstering the market growth. Additionally, key market players are introducing biodegradable and compostable cling films to address environmental concerns and increase their consumer base, which is accelerating the market growth. Apart from this, the increasing product application to wrap medical devices, rising demand for packaged food products, easy product availability in online retail stores, and inflating consumer expenditure power are positively contributing to the market growth.

Cling Films Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global cling films market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these Key Players Include:

3M Company
ADEX S.r.l.
Anchor Packaging
Berry Global Inc.
CeDo Ltd.
Dow Inc.
DuPont de Nemours Inc.
Harwal Group of Companies
Intertape Polymer Group
Jindal Poly Films
Klöckner Pentaplast
Mitsubishi Chemical Corporation
MOLCO GmbH
Multi Wrap (Pty) Ltd
Nan Ya Plastics Corporation.

Key Market Segmentation:

The report has segmented the global cling films table market on the basis of material type, form, thickness and end use industry.

Breakup by Material Type:

Polyethylene
Biaxially Oriented Polypropylene
PVC
PVDC
Others

Breakup by Form:

Cast Cling Film
Blow Cling Film

Breakup by Thickness:

Up to 9 Micron
9 to 12 Micron
Above 12 Micron

Breakup by End Use Industry:

Food
Healthcare
Consumer Goods
Others

Breakup by Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa 

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Key Highlights of the Report:                                                           

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.