Food Wrap Film Market Segmentation, Market Players, Trends 2023
Browse Market Research Report @ http://www.transparencymarketresearch.com/food-wrap-film-market.html
The Dow Chemicals developed the first plastic wrap in 1933 and the company commercialized the product as ‘saran plastic wrap’ in 1949. Initially, food wrap films were made of polyvinyl chloride; however, now, there are number of alternative materials available for the manufacturing of this film. Currently, majority of the consumers are increasingly focusing on using food wrap films, which are approved by the government-authorized bodies such as FDA, for food contact. The most commonly used raw materials for the production of food wrap films are polyolefin, low-density polyethylene, polypropylene, etc. Besides, there has been a significant rise in the usage of biodegradable materials for food packaging. Researchers and manufacturers, in collaboration, are trying to modify conventional plastic and innovate new materials for ensuring and maintaining safe and hygienic food packaging practices. Food wrap films made out of these new materials are ideal for direct food contact, in view of their various beneficial features, such as they offer resistance to external environment, are suited for freezer and cold storage use, are smoke and odor free, and are also durable.
Evolving life style of consumers, increasing health and environmental awareness, and supportive environmental policies implemented by various governments across the globe are the major factors responsible for the increasing global demand for food wrap films and, thereby, their market growth. Owing to its value added applications, right from protection of food products to their safe distribution and transportation, the market for food wrap films is expected to witness new investments and growth opportunities, especially in the developing countries. Besides, the food wrap films market is expected to continue to grow steadily in developed nations, wherein consumers need the product regularly for garbage storage and handling. The main growth drivers for the market are private consumers, retailers, and local packaging firms, which are focusing more on delivering the product in the local market.
Fill the form to gain deeper insights on this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10931
However, presence of big and small retailers and increasing consumer preference for using cheap local products has created a highly competitive environment for big brands in the food wrap films market.
The global food wrap film market is segmented based on material type, product type and end user. By material, the global food wrap film market is segmented into conventional plastic and biodegradable plastic. By type, the market is segmented into shrink film, stretch film, coated film, non-coated film, and others. By end user,the market is segmented into private consumers and industrial consumers.
By geography, the global food wrap film market has been classified into seven key regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, the Middle East & Africa, and Japan. The global food wrap film market is anticipated to expand at a double digit CAGR over the forecast period. Asia Pacific market is expected to be the most attractive market for food wrap film packaging due to rise in end use applications of the packaging type in the region. As of 2016, China is the largest food wrap film market in Asia Pacific, followed by India, and the market in these countries is expected to grow rapidly in the near future. North America, followed by Western Europe, are the other prominent regions projected to hold a promising future growth potential in the food wrap film market by the end of 2026.
Some of the key players in the global food wrap film market are US Packaging and Wrapping LCC, DM Packaging, Jhaveri Flexo India Ltd., Specialty Polyfilms Pvt. Ltd., Xiongxian Liya Packing Material Co., Ltd., Suzhou Innovation Packaging Materials Co. Ltd., Ricken Technos Corp., Mpact Limited, CeDo Ltd., and PrintPac Inc.
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Food Wrap Film Market Segmentation, Market Players, Trends 2023 here
News-ID: 585847 • Views: 149
More Releases from Transparency Market Research
Pad Printing Machine Market - Provides Veritable Information on Size, Growth Tre …
Pad Printing Machine Market: An Overview Need for an effective printing machine which can lay down simple one colored image or complex multicolor graphics to about every object helped in the introduction of pad printing machine. It is used to transfer a 2-D image via a silicon padon to a 3-D object on any type of surface like flat, spherical, irregular or cylindrical. Pad printing machine also prints photos or other
Varnished Cambric Tape Market - Company Strategy, Product Portfolio and Recent D …
Varnished cambric tape Market: An Overview The growth of renewable power generation will be an elementary factor to push the demand for the electrical wires and cables market across the globe, the countries are focusing more on power generation through renewable resources available in comparison with conventional (coal, thermal, etc.) power generation methodology, the transmission and distribution of electrical infrastructure is not only required to be completely developed in developed economies
Hip Flask Market | Reporting and Evaluation of Recent Industry Developments & Bu …
Hip Flask Market: An Overview Similar to the mobile, the hip flask started to appear in the form it was recognized today in the 18th century, the primarily hip flask was mainly used by the well-born people of high social class especially in the past. Initially, the hip flask was made of malleable metal alloy (Pewter), silver, gold, copper, and glass, but nowadays hip flask is also available in stainless steel
Cargo Pit Tape Market - Research Forecast, Revenue Opportunities And Sales Volum …
Cargo Pit Tape Market: An Overview The most important element in packaging is quality of adhesive to be used in packaged items to maintain the same quality throughout the supply chain till the time it reaches the destination safely. There are many types of packaging tapes available in the market with different applications. Polypropylene Tape: it’s economical, durable, and reliable and resistant to breaking or tearing during the shipping. Printed Fragile Tape: It
More Releases for Food
Norway Baby food 2018
The Norway Baby Food Markets research report introduces a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry- approved market data. Within the near future, the Norway Baby Food Market is expected to lead in terms of rate of growth. The report shows a detailed picture of the market by way of study, synthesis, and summation of information from multiple sources. The report
Organic Baby Food
Future Market Insights (FMI) has released a new report titled, “Organic Baby Food Market - BRIC Industry Analysis and Opportunity Assessment 2015-2020”. According to the report, the global organic baby food market is expected to account for US$ 5.6 Bn by 2020, registering a CAGR of 10.5% during the forecast period. On the other hand, the BRIC organic baby food market is projected to reach US$ 3,528.7 Mn at a
Food Marketing Conference 2018
Earlier nutrition market was concentrated of products for treatment of malnutrition condition but now due to innovations in the healthcare sector and due rising awareness among the people the market for nutritional products like healthy supplements, organic food and functional food has increased. The transitional change in the lifestyle of people and due to the rising number of people suffering from various chronic ailments has led the public to intake
Organic baby food
WELCOME TO BUB’S DELIGHT 100% ORGANIC FOOD FOR YOUR BABY OR TODDLER – FREE DELIVERY – Bub’s Delight was passionately founded by French chef Julien Audibert, who recognised a need for fresh, organic food for babies and toddlers in a market unfortunately flooded with ‘quick fix’ meals containing often low nutrition values for the good ones, and chemicals and nasties for the others. The idea that we feed our young children, food that we
Milk Food Limited
"Milk Food Limited - Company Profile & Financial Analysis" contains in depth information and data about the company and its operations. You will find information on the business structure, areas of operation, products and services offered by the company. It also comprises SWOT analysis, key ratios, historical financial data and insider’s view on financial stability and industrial ranking with financial forecasts for two- year period. This report is a decisive resource
Packaged Food in Croatia
Packaged food has never been much influenced by the economy given its essential nature. But, just as consumers have been reluctant to sharply reduce their purchases of packaged food during the hardest economic times, they are inert in increasing their consumption now that disposable income is rising. Consumer habits are hard to change when it comes to food, because food is a basic household necessity. Euromonitor International’s Packaged Food in Croatia