Cling Films Market: Global Industry Overview and Forecast (2024-2030) Trends, Dynamics and Segmentation

Cling Films Market Overview:

 

Cling film is a transparent sheet that adheres to it and other smooth surfaces. It is manufactured using polyethene, polyvinylidene chloride (PVC), and polypropylene biaxially oriented polyvinylidene dichloride (PVDC). It is commonly found in various cast and blow cling and is used to pack edible and inedible items. It is largely used to keep flowers fresh, close and secure food, and prevent the burning of refrigerators and row shelves.

 

Cling films have high light, good strength, heat resistance and adhesive properties. Compared to traditional shrinking films, cling films are flexible and can wrap many products together. As a result, they are used in all industries, such as food and beverage, health care, and packaging.

 

Cling Films Market report examines the market's growth drivers and segments (Conductive Material, Application, End-User, and Region). Data has been provided by market participants and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the Cling Films markets, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes Cling Films investor recommendations based on a detailed analysis of the current competitive landscape of the Cling Films market.

 

      

 

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COVID-19 Pandemic on the Cling Films Market:

COVID-19 has harmed the GDP of all countries. The globalization and closure of non-essential industries have led to the global economic downturn. The decline in demand from global customers has led to the global economic downturn and is not expected to recover soon fully.

 

The packaging value chain plays an essential role in finding proven solutions for the future to meet the demands for the sustainability and efficiency of resources that emerge during the covid-19 violence. Demand is expected to increase for packaging used for food additives, fruits and vegetables, frozen & processed foods, meat, seafood, consumer goods, etc. Consumers switch to online grocery shopping and food delivery for high-quality, safe delivery.

 

Industries that help meet basic needs, such as food security and consumer health care, are increasingly affected by the COVID-19 epidemic. With food packaging being the central area of ??operation in the packaging industry, the global $ 900 billion industry is at the forefront every year. The coronavirus outbreak has already led to a sharp decline in the demand for certain types of packaging in recent years while accelerating the growth of others, including e-commerce packaging appearing as a way of life in this new world.

 

Cling Films Market Dynamics:

Driver: Natural polymer-based films that expected to drive the Cling Films market

 

The food industry adopts natural films based on polymer for incorporating foods, including protein-based films and films from cellulose and their derivatives. Protein-based dietary films provide alternative packaging sources that can be used for a balanced diet to reduce food loss, reduce oxygen absorption, reduce lipid migration, improve mechanical management properties and provide physical protection for food, therefore, it cling films market is expected to grow.

 

Restraint: Strict rules on plastic films can limit the market

 

The impact of polymers on the environment acts as a repulsive force in the cling film market. Every year only 10% of plastic is recycled without the amount produced globally. This has resulted in stricter laws against cling films by various regulatory bodies, especially single-use plastic films.

 

Cling Films Market Landscape:

 

The introduction of technology, acquisition and R&D activities are key strategies accepted by players in the Cling Films market. In 2021, the Cling Films market comprised the top five actors accounting for xx% of the share. There are significant players at Berry Global Inc., Anchor Packaging Inc., Intertape Polymer Group, 3M, and ITS BV.

 

Cling Films Market Segment Analysis:

Global Cling Films Market, by Type

 

Polyvinyl Chloride (PVC) is expected to hold the largest share in the Cling Films market by 2030. Polyvinyl Chloride (PVC) adhesive film contributes significantly to food health, as it is one of the most widely used food preservatives. Polyvinyl chloride (PVC) is calculated at a profit of $ 828 million by 2021, with a market share of 68.9% in 2021. The projected component is expected to expand 1.6 times its current market size by 2030.

 

The main advantage of using Polyvinyl Chloride (PVC) cling film is that it forms a bond by adhering itself to the container without glue, which is less expensive. By preventing the growth of microorganisms, it protects the meat and dairy products.

 

The electric car charging cables are covered with PVC and are suitable for use in a warm environment. These cables offer a high level of flexibility and performance. In addition, improvements in PVC cling films are expected to improve the market. The new lightweight PVC film uses a plasticizer based primarily on plant material.

 

Global Cling Films Market, by Form

 

The Cast Cling film had the most significant share in the Cling Films market in 2021. Cast film production equipment also increases value by continuously reducing waste and improving processing costs. These films are thin PVC films which remain flexible at shallow temperatures and provide strong tear resistance with the help of plasticizers. They provide a high level of tear resistance and clarity. Adding food film is less expensive than other food films. Cast cling films can be utilized more than 15% to 20%, thus reducing the packaging costs of each unit and getting more output per application. The actor film process is the most effective way to produce high quality extended wrapping film in the high output stage. New information technology and the creation of new key components of adhesive film lines such as high-speed extruders and new window types allow our customers to position themselves in the highly competitive cling film market.

 

Global Cling Films Market, by End User

 

Food packaging is the leading category in the cling film market, followed by the consumer goods sector. Food imports represent a 51.8% market share with a CAGR of 5.2% over 2030. Cling film has emerged as the best solution for packaging processed foods, including meat, seafood, confectionery, processed dairy products, fruits and vegetables, ready-to-eat foods, etc. Meat cling film packaging is expected to reach the US $ 312.4 million by 2030 with a ten-year total annual growth rate (CAGR) of 6.3%.

 

In the food industry, PVC films are excellent wrapping materials as they are thin and elastic and can be used to any smooth surface without any adhesive materials. The demand for the cling films market has also seen strong growth in the healthcare industry. With the growth of health care investment, the country’s demand for food films is likely to benefit in the coming years. Health and wellness also promote a variety of eating habits.

 

Cling Films Market Regional Insights:

North America dominates the Cling Films market with more than 34%, followed by Europe and the Asia Pacific. Alone, the US market predicts a 4.4% growth rate for 2024-2030 and is projected to hold a market share of 81.2% by 2023 in the North American market. The US contributes significantly to North America in the production of food packaging; therefore, the country is expected to become the major driving factor for the growth of the cling films market in the forecasted period.

 

The cling film market continues to overgrow, driven by economic growth, cost, the changing lifestyle of consumers and the growing number of major players in the country. According to a report published by Plastics Europe, North America is a leading trading partner in the European cling films market.

 

The Asia Pacific region has significantly reduced its energy prices and increased its competition. This has had a profound effect on the availability of immature products, thus supporting productivity levels. India is growing slowly, with many small companies and large companies ready to expand their reach globally. India is one of the fastest-growing markets for food film due to the proliferation of food aid centres. Therefore, the use of cling films in India is expected to increase by a promising growth rate of 6.3% over the years of forecasting.

 

As the food industry multiplies in the Asia Pacific region due to the changing health of consumers, increasing government efforts and raising awareness of personal health and hygiene support the growth of the cling film market. Growth in the cling films market is expected due to economic development, lower labour costs, and lower producer set costs.

 

The objective of this report is to present an in-depth analysis of the Cling Films Market to industry stakeholders. The report provides the recent trends in the Cling Films Market and how these factors will impact on new business investment and market enhancement during the forecast period. The report also provides an understanding of the potential of the Cling Films Market and the competitive structure of the market by analyzing market leaders, market fans, and regional players.

 

The quality and quantity data provided in the Cling Films Market report assist the readers to understand which market Conductive Materials, regions are expected to grow in value, market factors, and key opportunity areas, which will impact industry growth and predictable market growth with respect to time. The report includes the competitive status of key competitors in the industry and their recent developments in the Cling Films Market. The report also provides a comprehensive set of factors such as company size, market share, market growth, revenue, production capacity, and profits of key players in the Cling Films Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Cling Films Market is easy for a new player to gain an edge in the market, do they come and go in the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political factors that help in analyzing how much a government can impact the Market. Economic variables assist in the calculating economic performance drivers that can affect the Market. Analyzing the impact of the overall environment and the impact of environmental concerns on the Cling Films Market is aided by legal factors.

 

Cling Films Market Scope:

Cast Cling Market
Market Size in 2023	USD 32.34 Bn.
Market Size in 2030	USD 39.7 Bn.
CAGR (2024-2030)	3.0%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By End User Food Healthcare Consumer Goods Industrial
	By Type Polyethene Biaxially Oriented Polypropylene PVC PVDC
	By Foam Cast Cling Blow Cling
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Cling Films Market Key Players:

 

• Berry Global Group, Inc. (US)
• Intertape Polymer Group (Canada)
• Gruppo Fabbri Vignola S.p.A (Itlay)
• Kalan SAS (France)
• Fine Vantage Limited (Hong Kong)
• Rotofresh - Rotochef s.r.l. (Italy)
• Manuli Stretch S.p.A. (Italy)
• Klöckner Pentaplast Europe GmbH & Co. KG (Luxemborg)
• Adex S.r.l. (Italy)
• MOLCO GmbH (Germany)
• Wrapex Limited (UK)
• Multi Wrap (PTY) LTD (South Africa)
• Anchor Packaging (US)
• Pragya Flexifilm Industries (India)
• 3M Company (US)