According to HTF Market Intelligence, the Cling Wrap market to witness a CAGR of 2.6% during the forecast period (2024-2030).The Latest published a market study on Global Cling Wrap Market provides an overview of the current market dynamics in the Global Cling Wrap space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities.
Some of the players that are in coverage of the study 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).
The global Cling Wrap market size is expanding at robust growth of 2.6%, sizing up market trajectory from USD 898 Million in 2024 to USD 1075.1 Million by 2030.
Get ready to identify the pros and cons of the regulatory framework, local reforms, and its impact on the Industry. Know how Leaders in Global Cling Wrap are keeping themselves one step forward with our latest survey analysis
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Definition
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 whi
Basic Segmentation Details
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)
Cling Wrap Market Trend
- Growing preference for eco-friendly cling wrap alternatives in response to environmental concerns.
Cling Wrap Market Driver
- Increasing awareness about food waste reduction encourages the use of cling wrap to preserve freshness and extend shelf life.
Cling Wrap Market Opportunity
- Opportunities exist for manufacturers to develop and promote sustainable cling wrap alternatives using biodegradable or recyclable materials.
Cling Wrap Market Restraints
- Use of traditional cling wrap materials contributes to plastic pollution and raises environmental concerns.
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Major highlights from the Study along with most frequently asked questions:
1) What so unique about this Global Cling Wrap Assessment?
Market Factor Analysis: In this economic slowdown, impact on various industries is huge. Moreover, the increase in demand & supply gap as a resultant of sluggish supply chain and production line have made market worth observing. It also discusses technological, regulatory and economic trends that are affecting the market. It also explains the major drivers and regional dynamics of the global market and current trends within the industry.
Market Concentration: Includes C4 Index, HHI, Comparative Global Cling Wrap Market Share Analysis (Y-o-Y), Major Companies, Emerging Players with Heat Map Analysis
Market Entropy: Randomness of the market highlighting aggressive steps that players are taking to overcome current scenario. Development activity and steps like expansions, technological advancement, M&A, joint ventures, launches are highlighted here.
Patent Analysis: Comparison of patents issued by each players per year.
Peer Analysis: An evaluation of players by financial metrics such as EBITDA, Net Profit, Gross Margin, Total Revenue, and Segmented Market Share, Assets etc to understand management effectiveness, operation and liquidity status.
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2) Why only few Companies are profiled in the report?
Industry standards like NAICS, ICB etc are considered to derive the most important manufacturers. More emphasis is given on SMEs that are emerging and evolving in the market with their product presence and technological upgraded modes, current version includes players like “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) ” etc and many more.
** Companies reported may vary subject to Name Change / Merger etc.
3) What details will competitive landscape will provide?
A value proposition chapter to gauge Global Cling Wrap market. 2-Page profiles of all listed company with 3 to 5 years financial data to track and comparison of business overview, product specification etc.
4) What all regional segmentation covered? Can specific country of interest be added?
Country that are included in the analysis are In North America, In Latin America, Europe, The Asia-pacific, Middle East and Africa (MEA), What are the main countries covered?, The United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, Korea, Southeast Asia, India, Australia, Brazil, Mexico, Argentina, Chile, Colombia, Egypt, Saudi Arabia, United Arab Emirates, Nigeria & South Africa
** Countries of primary interest can be added if missing.
5) Is it possible to limit/customize scope of study to applications of our interest?
Yes, general version of study is broad, however if you have limited application in your scope & target, then study can also be customize to only those application. As of now it covers applications Food, Healthcare, Consumer Goods, Industrial, Others.
** Depending upon the requirement the deliverable time may vary.
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To comprehend Global Cling Wrap market dynamics in the world mainly, the Global Cling Wrap market is analysed across major global regions. Customized study by specific regional or country can be provided, usually client prefers below
– North America: United States of America (US), Canada, and Mexico.
– South & Central America: Argentina, Chile, Colombia and Brazil.
– Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt and South Africa.
– Europe: the UK, France, Italy, Germany, Spain, NORDICs, BALTIC Countries, Russia, Austria and Rest of Europe.
– Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, and Philippines & Vietnam etc.) & Rest
– Oceania: Australia & New Zealand
Actual Numbers & In-Depth Analysis of Global Cling Wrap Market Size Estimation and Trends Available in Full Version of the Report.
Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
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