What is Cling Wrap Market?
Cling Wrap also known as cling film, food wrap, saran wrap and plastic wrap. Cling wrap is generally used for wrapping food in containers to keep fresh. Cling wrap is retailed in individual rolls or more typically retailed with a roll in a container that has a cutting edge on it. Additionally, it is used for the preservation of food and avoiding it from contaminants. Cling wrap is available in different type of thickness such as above 9 microns, 9 to 12 microns, and up to 9 microns. growing Demand in food delivery will help to boost global cling wrap market.
The market study is being classified by Type (Poly Vinyl Chloride (PVC), Polyethylene (PE), Polyvinylidene Chloride (PVDC) and Polymethylpentene (PMP)), by Application (Food Processing, Food Storage, Household, Supermarkets, Restaurants and Others) and major geographies with country level break-up. According to AMA, the Global Cling Wrap market is expected to see growth rate of 5.8%
DS Smith PLC (United Kingdom), Georgia-Pacific Corporation (United States), Graphic Packaging International (United States), Holmen AB (Sweden), International Paper Company (United States), MeadWestvaco Corp (United States), M-Real Oyj (Germany), Mayr-Melnhof Group (Austria), Oji Paper Co (Japan), Smurfit Kappa Group (Ireland) and RockTenn Company are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Stora Enso Oyj (Finland), Svenska Cellulosa Aktiebolaget (Sweden), UPM-Kymmene Corporation (Finland) and Weyerhaeuser Company (United States).
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cling Wrap market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cling Wrap market by Type, Application and Region.
On the basis of geography, the market of Cling Wrap has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Sweden, Finland, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Low Cost and Durable Product
- Up Surging Demand in Food and Beverages Industry
Market Trend
- Rise Dependency on Online Food Ordering
- Fueling Demand in Chemical, Animal feeds and Pharmaceutical Industries
Restraints
- Lack Resistance of Cling Films to Extreme Weather
- Rough Transport Can Damage
- Extreme Temperature
Opportunities
- Increasing Sales of Packaged Food in Emerging Country
Market Leaders and some development strategies
On 22nd May DS Smith Plc has acquired a high-quality corrugated packaging company Corrugated Container Corporation (CCC).
On 23rd July 2018, DS Smith a leading packaging company has initiated to the production of 100 percent reusable or recyclable packaging by 2025 as well as they are using 100 percent recycled or chain of custody certified papers by 2020.
Analyst Comment
The polyethylene (PE) is classified into low-density polyethylene (LDPE), high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE)
Key Target Audience
Cling Wrap Manufactures, Cling Wrap Suppliers/ Retailers, Research and Development Centers, Private and Government Research Agencies, Potential Investors and Others