Cling Film Trends and Forecast
The future of the global cling film market looks promising with opportunities in the food, healthcare, consumer good, and industrial markets. The global cling film market is expected to reach an estimated $1.5 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising interest in hygienic food packaging, growing utilization of bio-based cling films, and escalating necessity of minimizing food spoilage.Cling Film by Segment
The study includes a forecast for the global cling film by material type, form, end use, and region.Cling Film Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
- Polyethylene
- Biaxially Oriented Polypropylene
- Polyvinyl Chloride (PVC)
- Polyvinylidene Chloride (PVDC)
- Others
Cling Film Market by Form [Shipment Analysis by Value from 2018 to 2030]:
- Cast Cling Film
- Blow Cling Film
Cling Film Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Food
- Healthcare
- Consumer Goods
- Industrial
- Others
Cling Film Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Cling Film Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cling film companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cling film companies profiled in this report include:- 3M
- ADEX
- Alliance Plastics
- All American Poly
- Amcor
- Anchor Packaging
- Berry Global
- Deriblok
- HIPAC
- Inteplast
Cling Film Market Insights
The publisher forecasts that polyvinyl chloride will remain the largest segment over the forecast period due to its significant usage as food storage materials to maintain food health.Within this market, food will remain the largest segment due to increasing use of cling film in this sector to enhance food's shelf life and keep it fresh for longer periods of time, which will cut down on food waste.
North America will remain the largest region over the forecast period due to rising demand for ready-to-eat food products and existence of major packaging manufacturers in the region.
Features of the Global Cling Film Market
- Market Size Estimates: Cling film market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Cling film market size by material type, form, end use, and region in terms of value ($B).
- Regional Analysis: Cling film market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different material types, forms, end uses, and regions for the cling film market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cling film market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the cling film market size?Answer: The global cling film market is expected to reach an estimated $1.5 billion by 2030.
Q2. What is the growth forecast for cling film market?
Answer: The global cling film market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the cling film market?
Answer: The major drivers for this market are rising interest in hygienic food packaging, growing utilization of bio-based cling films, and escalating necessity of minimizing food spoilage.
Q4. What are the major segments for cling film market?
Answer: The future of the cling film market looks promising with opportunities in the food, healthcare, consumer good, and industrial markets.
Q5. Who are the key cling film market companies?
Answer: Some of the key cling film companies are as follows:
- 3M
- ADEX
- Alliance Plastics
- All American Poly
- Amcor
- Anchor Packaging
- Berry Global
- Deriblok
- HIPAC
- Inteplast
Answer: The publisher forecasts that polyvinyl chloride will remain the largest segment over the forecast period due to its significant usage as food storage materials to maintain food health.
Q7. In cling film market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising demand for ready-to-eat food products and existence of major packaging manufacturers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the cling film market by material type (polyethylene, biaxially oriented polypropylene, polyvinyl chloride (PVC), polyvinylidene chloride (PVDC), and others), form (cast cling film and blow cling film), end use (food, healthcare, consumer goods, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Cling Film Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M
- ADEX
- Alliance Plastics
- All American Poly
- Amcor
- Anchor Packaging
- Berry Global
- Deriblok
- HIPAC
- Inteplast
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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