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Cling Wrap Market to See Drastic Growth – Post 2024 | 3M, Berry Global, Multi Wrap

Cling Wrap Market

The Latest Study Published by HTF MI Research on the “Cling Wrap Market’’ evaluates market size, trend and forecast to 2030. The Cling Wrap market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information about the competitors. Some of the Major Companies covered in this Research are 3M (United States), Anchor Packaging LLC, (United States), Berry Global Inc.(United States), CeDo Ltd. (United Kingdom), Dow.(United States), Intertape Polymer Group (Canada), Jindal Poly (India), Klöckner Pentaplast (Germany), Mitsubishi Chemical Corporation (Japan), MOLCO GmbH (Germany), Multi Wrap (Pty) Ltd. (South Africa), Amcor plc (Switzerland), Benkai Co., Ltd. (Taiwan), Multi Wrap (PTY) LTD (South Africa), Fine Vantage Limited (Hong Kong).

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According to HTF Market Intelligence, the Global Cling Wrap market to witness a CAGR of 2.6% during forecast period of 2024-2030. Global Cling Wrap Market Breakdown by Application (Food, Healthcare, Consumer Goods, Industrial, Others) by Material Type (Polyethylene, Biaxially Oriented Polypropylene, Polyvinyl Chloride (PVC), Polyvinylidene Chloride (PVDC), Others) by Form (Cast Cling Film, Blow Cling Film) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 898 Million.

The “Cling Wrap Market” refers to the industry involved in the production, distribution, and sale of cling wrap, also known as plastic wrap or food wrap. Cling wrap is a thin plastic film typically made from polyethylene or PVC that is used to cover and protect food items, leftovers, and other perishable goods. It adheres to itself and to various surfaces through static electricity or other cling properties, creating an airtight seal to help preserve freshness and prevent food spoilage.

On 4th February 2023, Berry Global Group Inc. has introduced an advanced iteration of its established stretch hood film, incorporating at least 30% recycled plastic material. This initiative aims to assist businesses in fulfilling sustainability goals while also aligning with existing and future plastics packaging regulations in the United Kingdom and Europe. On 8th January 2023, Amcor plc has unveiled its latest PrimeSeal and DairySeal Recycle-Ready Thermoforming Films designed for meat and dairy products, offering superior packaging functionality and improved sustainability. The innovative packaging is capable of withstanding temperatures up to 90°C and contains minimal Ethylene-Vinyl Alcohol Copolymer (EVOH) content, all while maintaining the shelf life of perishable goods. Suitable for fresh and processed meat, fish, and hard cheese, it enhances packaging circularity.

 

Market Drivers

  • Increasing awareness about food waste reduction encourages the use of cling wrap to preserve freshness and extend shelf life.

Market Trend

  • Growing preference for eco-friendly cling wrap alternatives in response to environmental concerns.

Opportunities

  • Opportunities exist for manufacturers to develop and promote sustainable cling wrap alternatives using biodegradable or recyclable materials.

Market Restraints:

  • Use of traditional cling wrap materials contributes to plastic pollution and raises environmental concerns.

Major Highlights of the Cling Wrap Market report released by HTF MI

Global Cling Wrap Market Breakdown by Application (Food, Healthcare, Consumer Goods, Industrial, Others) by Material Type (Polyethylene, Biaxially Oriented Polypropylene, Polyvinyl Chloride (PVC), Polyvinylidene Chloride (PVDC), Others) by Form (Cast Cling Film, Blow Cling Film) and by Geography (North America, South America, Europe, Asia Pacific, MEA)


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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

  • The Middle East and Africa(South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
  • North America(United States, Mexico & Canada)
  • South America(Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
  • Europe(Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
  • Asia-Pacific(Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Informational Takeaways from the Market Study: The report Cling Wrap matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.

Key Development’s in the Market: This segment of the Cling Wrap report fuses the major developments of the market that contains confirmations, composed endeavours, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.

Some of the important question for stakeholders and business professional for expanding their position in the Cling Wrap Market:

Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2023?
Q 2. What are the business threats and Impact of latest scenario over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Cling Wrap movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Cling Wrap Market in 2023 and beyond?
Q 5. Who are the significant players confronting and developing in Cling Wrap Market?

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Cling Wrap Market Study Coverage:

  • It includes major manufacturers, emerging player’s growth story, and major business segments of Cling Wrap market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
  • Cling Wrap Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
  • Cling Wrap Market Production by Region
  • Cling Wrap Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
  • Key Points Covered in Cling Wrap Market Report: Overview, drivers and barriers
  • Cling Wrap Market Competition by Manufacturers
  • Cling Wrap Market Capacity, Production, Revenue (Value) by Region (2024-2030)
  • Cling Wrap Market Supply (Production), Consumption, Export, Import by Region (2024-2030)
  • Cling Wrap Market Manufacturers Profiles/Analysis
  • Cling Wrap Market Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
  • Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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