According to a recent market study by Future Market Insights (FMI), the global cling film market is expected to exhibit positive growth in the coming years. The study projects a 3.0% increase in revenue in 2021, and between 2021 and 2031, the market valuation is anticipated to double, reaching approximately US$1.9 billion. FMI predicts a steady growth trajectory for the cling film market, with a compound annual growth rate (CAGR) of 5.0% over the next decade, extending until 2031.
The growth of the cling film market can be attributed to several factors. First, there is a growing consumer demand for packaged and convenient goods, which drives the need for effective food storage solutions. Cling film is widely used in households, restaurants, and the food processing and packaging industries to extend the shelf life of food products, enhance freshness, and prevent spoilage.
Furthermore, the market’s expansion is influenced by increasing consumer awareness of food safety and storage practices. Consumers are becoming more conscious of the importance of proper food handling and storage to maintain hygiene and minimize food waste, which drives the adoption of cling film as a practical solution.
The cling film market comprises various materials, with low-density polyethylene (LDPE), polyvinyl chloride (PVC), and linear low-density polyethylene (LLDPE) being the primary types. Among these materials, PVC is the most commonly used for cling film production due to its desirable attributes such as clarity, strength, and flexibility.
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However, environmental concerns related to plastic cling film have emerged, leading to a rising demand for sustainable alternatives. Plastic cling film contributes to pollution and has a long degradation period in landfills, prompting consumers and businesses to seek eco-friendly options. Beeswax wraps and silicone food covers are among the alternatives gaining popularity as they offer a more sustainable approach to food storage.
Key Takeaways from the Cling Film Market Study
- Polyvinyl chloride accounted for revenue totaling of US$ 828 million in 2021. It is cost-effective and suitable for recycling processes.
- Cling film products up to 9 microns in thickness is estimated to increase 1.7 times by the end of 2031, attributed to clear and transparent packaging for food product displays.
- Germany leads Western Europe accounting for 26% of the value share by 2031, owing to relatively higher production capacity.
- China will continue to dominate APEJ holding over 40% of the market through 2031, supported by a large base of end users and manufacturers.
Competitive Landscape
- Berry Global Group, Inc.
- Intertape Polymer Group (IPG)
- Gruppo Fabbri Vignola S.p.A
- Kalan SAS
- Fine Vantage Limited
- Rotofresh – Rotochef s.r.l.
- Manuli Stretch S.p.A.
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Market Benefits in Cling Film Market:
- The report offers a comprehensive analysis of the global Cling Film market, including current trends and future projections, to provide valuable insights into potential investment opportunities.
- Thorough analysis of key market players and their strategies enables a clear understanding of the competitive landscape in the industry.
- The market’s trends are thoroughly examined based on various applications, aiding in a comprehensive understanding of industry developments.
- A quantitative analysis of the market from 2021 to 2031 provides stakeholders with valuable data to capitalize on existing market opportunities.
Cling Film Market Insights: Country-wise Overview
The cling film market is witnessing growth and investment opportunities in various countries around the world. Here’s a brief overview of the market trends in different regions:
- U.S.: The U.S. cling film market is expected to grow at a rate of 4.4% from 2021 to 2031. It holds a dominant market share of 81.2% in North America. Factors such as economic growth, changing consumer lifestyle, and the presence of key players contribute to the market’s expansion. Additionally, the U.S. benefits from reduced energy prices, ensuring raw material availability and supporting production levels.
- India: The Indian cling film market is experiencing steady growth, driven by the expansion of food service centers and the rising consumption of cling film. The country offers promising opportunities due to its rapidly growing food industry, government initiatives, and increasing awareness of personal health and hygiene. India’s economic development, low labor costs, and affordable setup for manufacturers make it an attractive market for investment.
- China: China presents a lucrative market for cling film manufacturers, with a projected market share of over 40% in the Asia Pacific (excluding Japan) region. The evolving healthcare industry in China contributes to increased sales. With North America and Europe already established as leading markets, key players are looking to expand their presence in China to tap into new profit opportunities.
- Russia: Cling film demand in Russia is expected to grow at a CAGR of nearly 5.9%. Import restrictions have stimulated domestic production, leading to competitive prices in both local and international markets. The rise in food packaging factories, high consumer demand for fresh foods, and an improved standard of living are driving factors for the cling film market’s growth in Russia.
- Australia & New Zealand: Australia is a rapidly growing manufacturer in the cling film market, expected to hold a market share of 11.6% in the Asia Pacific (excluding Japan) region by 2031. Stringent government regulations and high living standards of consumers support the adoption of cling film in Australia and New Zealand, leading to steady market growth
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Cling Film Market by Category
By Material type:
- Polyethylene
- Low Density Polyethylene (LDPE)
- High Density Polyethylene (HDPE)
- Linear Low Density Polyethylene (LLDPE)
- Bi-axially Oriented Polypropylene (BOPP)
- Polyvinyl Chloride
- Polyvinylidene Chloride
- Others
By Thickness:
- Up to 9 micron
- 9 to 12 micron
- Above 12 micron
By End Use:
- Food
- Meat
- Seafood
- Baked Foods
- Dairy Products
- Fruits & Vegetables
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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