Global cling films market is expected to grow at a compound annual growth rate of 3.93% to reach a market value of US$1,007.513 million by 2024 from US$799.475 million in 2018. Cling films are transparent plastic films that adheres to the surface without heating. Cling films are permeable to oxygen and water vapor helping in retaining the freshness of the product.
The increasing demand for cling films in the food and beverage
sector owing to its properties of preventing the product from contaminants and increasing the shelf life is expected to drive the market for cling films. Further increasing demand for hygienic packaging is anticipated to boost the demand for these solutions. The key industries driving the market for cling films are food, healthcare and consumer goods among others. Geographically the Asia-Pacific region is projected to hold a significant market share owing to the increasing number of food outlets and increasing preference for online food ordering. However, the low resistance of cling films to extreme weather is expected to hamper the market growth to an extent.
Rising food & beverage industry.
Increasing demand for hygienic packaging.
Government rules and regulations regarding use of plastic.
Low resistance to extreme weather.
The major players profiled in the cling films market include Berry Global Inc.
, ADEX Cling, Intertape Polymer Group, The Dow Chemical Company, Multi Wrap (PTY) Ltd, Anchor Packaging Inc., Benkai CO., Ltd, MolcGmbh, CeDLtd, Rotofresh - Rotochef s.r.l. ITS B.V., and Statpack Industries Limited.
The cling films market has been analyzed through the following segments:
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the cling films market size by 2024?
A1. The global cling films market is expected to reach a total market size of US$1,007.513 million by 2024.
Q2. What are the growth prospects for cling films market?
A2. The cling films market is expected to grow at a CAGR of 3.93% during the forecast period.
Q3. What is the size of global cling films market?
A3. Cling Films market was valued at US$799.475 million in 2018.
Q4. What factors are anticipated to drive cling films market growth?
A4. The increasing demand for cling films in the food and beverage sector owing to its properties of preventing the product from contaminants and increasing the shelf life is expected to drive the market for cling films.
Q5. Which region holds the largest market share in the cling films market?
A5. The Asia-Pacific region is projected to hold a significant share in the cling films market owing to the increasing number of food outlets and increasing preference for online food ordering.