PVC Cling Film Market Size
PVC Cling Film Market is projected to observe exponential growth over 2024-2032, driven by the strong demand for packaged foods and hygiene products during as well as post the COVID-19 crisis. The film's ability to provide an effective and protective barrier against contaminants while preserving the freshness and shelf life has increased its demand.
Also, as people get busier and eat on the go more often, the need for packaging that is both useful and easy to use grows. According to a PYMNTS Study from June 2023, which surveyed more than 2,300 U.S. adults, about 57% of respondents, or about 96 million people, bought ready-to-eat meals. The capacity to fit tightly into different forms and surfaces while keeping the quality of food items is in line with what consumers want in terms of convenience.
PVC Cling Film Market Trends
In the packaging sector, there is more and more focus on eco-friendly and sustainable options. As people become more mindful of the environment, manufacturers are looking into and creating PVC cling film solutions that are better for the environment and easier to recycle. New ways of making film, such as adding antimicrobial qualities and improving barrier functions, meet the changing needs of a wide range of sectors.
PVC Cling Film Market Analysis
The machine film category is predicted to have a large market through 2032 since it is efficient and cost-effective for packaging in factories. More and more businesses need automated packaging solutions, especially those that need a lot of conventional packaging. Machine films are made to work with automatic wrapping machines, which makes wrapping more consistent and accurate, lowers labor expenses, and makes the whole operation run more smoothly.
The seafood market is expected to increase quickly until 2032, thanks to more money being put into aquaculture. For example, NOAA Sea Grant gave out around $14 million in federal money in September 2022 to help improve the aquaculture industry across the country. The fact that fisheries and aquaculture can help with food security and nutrition issues while also creating jobs, especially for young people, will help the industry flourish.
The North American market is likely to grow quickly between 2024 and 2032 because beef exports are going up. According to Beef2Live, the U.S. exported 2.56 billion pounds of beef in 2023. This increased the need for packing materials that are strong and won't tear. In addition, new developments in PVC cling film technology, like better barrier qualities and more innovative film compositions, make the film more useful and adaptable. The growing need for easy-to-use and adaptable packaging solutions in several fields, such as food and beverage, medicines, and domestic uses, will drive expansion in the regional market.
PVC Cling Film Market Share
- Klöckner Pentaplast Group
- Berry Global, Inc.
- Sigma Stretch Film
- Thong Guan Industries Bhd
- Mitsubishi Chemical Holdings
- POLIFILM GmbH
- Intertape Polymer Group
- Pactiv Evergreen Inc.
- Tronoplast Technologies, Inc.
- CeDo Ltd.
are some of renowned companies in the PVC cling film industry. These companies are focusing on innovative product launches and partnerships to reinforce their presence in the global market.
PVC Cling Film Industry News
- In April 2022, Sigma Stretch announced the expansion of the manufacturing capacity of its stretch film to encompass all five of its production facilities throughout North America and Canada.
What Information does this report contain?
Historical data coverage 2018 to 2023; Growth Projections 2024 to 2032.
Expert analysis industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts major segments covering applications, top products and geographies.
Competitive landscape reporting market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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