Global Market Insights, Inc present the report on global PVC Cling Film Market
evaluates the growth trends of the industry through historical study and
estimates future prospects based on comprehensive research. The report
extensively provides the market share, growth, trends and forecasts for the
period 2019-2025.
PVC Cling Film Market size is expected to
see high growth during forecast period owing to rising demand from food and
beverage industry along with intensifying urbanization worldwide and subsequent
rising need for on-the-go food products. Product is manufactured by extrusion
process in which granules of PVC plastics are melted and forced through a die
to form bubble. The bubble is then collapsed between metal rollers to form thin
film. Product is extensively used in food industry for wrapping and protecting
food items from foreign particles and organisms.
Product is primarily used in food and
beverage packaging to prevent contact with microorganisms for elongated period,
resulting in improved shelf life. They stick to the container without any
adhesives, thus providing flexible packaging solutions to the user. PVC cling
films finds applications in different areas such as packaging of cheese,
biscuits, meat, fish, vegetables, fruits, etc.
This is due to its ability to preserve the
food for longer period of time. The product is cost effective as compared to
other packaging materials such as aluminum wraps and foils. In addition,
various food outlets such as restaurants, coffee shops, fast food chains use
the product in bulk quantity. These factors will create lucrative opportunity
for PVC cling film market during the forecast timespan.
Product is free from plasticizers and can
be reheated and used in microwave and is therefore gaining popularity among the
working class. Product’s high quality and effective packaging solutions at low
cost will drive the product demand in the forecast timespan. However, there are
some health and environment concerns associated with the product and product is
not recyclable. Increasing regulations on single use plastics coupled with
growing awareness among people regarding environmental impact will have
negative impact on product demand. Additionally, rising demand of aluminum
films and foils can act as setback for product manufactures.
North America PVC cling film market is among
the largest which is due to high demand of ready to eat meals and increased
food outlets in the U.S. Asia Pacific is anticipated to dominate the market in
the forecast period. The region shall witness significant growth in product
demand due to rising population in India and China along with improving
economic conditions in the region.
Europe has significant market growth
potential owing to well-established food industry. However, stringent
regulations in the region can hamper the product demand during forecast period.
In Latin America, the market growth can be associate with changing consumer
preference and increasing disposable income in the region. Middle East &
Africa have significant growth potential during the forecast period, owing to
significant population rise and propelling food & beverage industry.
Some of the key manufacturers of PVC cling
film market include Berry Global Inc., Sigma Stretch Film, Mitsubishi Chemical
Holdings, Intertape Polymer Group, Klöckner Pentaplast Group, Reynolds Group
Holding Limited., POLIFILM GmbH, Thong Guan Industries Berhad, Tronoplast
Technologies Inc., CeDo Ltd., etc. In order to sustain in the business environment,
companies are incorporating strategic acquisitions & mergers as growth
strategy. For instance, Berry Global Group acquired RPC group Plc, one of the
Europe’s largest supplier of plastic packaging for USD 6.5 billion in 2019.
About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
Contact Us:
Contact
Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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