Cling Films Market Size Forecast to Reach $1.54 Billion by 2025


Posted October 12, 2020 by rohitkurup99

"The use of bio based cling films for sustainable food packaging is likely to act as an opportunity for Cling Films Market growth in the future."

 
Cling Films Market size is forecast to reach $1.54 billion by 2025, after growing at a CAGR of 5% during 2020-2025. Cling Films industry is projected to augment due to increasing demand for hygienic food packaging. The use of bio based cling films for sustainable food packaging is likely to act as an opportunity for market growth in the future.

Key Takeaways
North America dominates the Cling Films market owing to increasing demand from the food & beverages sector in the region.
Manufacturers are looking forward to produce biodegradable cling films will further augment the Cling Films market during forecast period.
The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications in Cling Films Market and their specific segmented revenue.

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Geography – Segment Analysis
North America dominates the Cling Films market with a share of more than 34%, followed by Europe and Asia Pacific. Cling film is a thin plastic film typically used as a wrap for sealing food to keep them fresh over a longer period of time. However, PE cling film type also has attracted market due to its distinctive characteristics. Packaging is playing a responsible role in the food industry. Packaging that doesn’t affect the taste of the contents is extremely important to the food industry. One technological trend meat manufacturers in U.S. are finding exciting is a product with a film that opens during cooking which allows the meat to brown after a pre-determined period of time. In U.S., snack food manufacturers are using biodegradable and recycled materials for packaging, meat and related product manufacturers are using active packaging to sense when meat is past its expiration.

Drivers – Cling Films Market
Natural polymer based cling films will drive the Cling Films market

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Cling Films market. In 2019, the market of Cling Films has been consolidated by the top five players accounting for xx% of the share. Major players in the Berry Global Inc., Anchor Packaging Inc., Intertape Polymer Group, 3M, and ITS B.V, and others.

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Categories Business , Manufacturing , Reports
Tags cling films market , cling films market forecast , cling films market growth , cling films market report , cling films market share , cling films market size
Last Updated October 12, 2020