Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 824.76 Million | USD 1145.75 Million | 3.72% | 2023 |
According to Zion Market Research, the global PVC Cling Film Market was worth USD 824.76 Million in 2023. The market is forecast to reach USD 1145.75 Million by 2032, growing at a compound annual growth rate (CAGR) of 3.72% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the PVC Cling Film industry over the next decade.
PVC cling films are a kind of thin PVC films that are utilized for packing food products and thereby retaining their freshness for a long timeframe. Moreover, these films can be easily handled and even safe to use in microwave ovens. Apparently, these products are environmentally friendly along with being thin and durable. In addition to this, these cling films contribute notably towards the safety of food items and protect foods like meat & dairy items. It possesses high as well as low-temperature resistance and helps food items to be stored for an elongated timeline, thereby increasing their shelf life.
The surge in the popularity of ready-made diets, as well as convenient food items due to hectic work schedules, will steer the growth of the market over the forthcoming years. Additionally, firms in the food sector are searching for packaging producers offering high-quality and effective packaging at reasonable charges, thereby creating a huge demand for PVC cling films. The key benefit offered by polyvinyl cling films is that the product forms a seal by clinging itself to the vessel without using adhesive.
Moreover, these films are cost-efficient. However, the easy availability of substitute products like aluminum wraps will impact the sales of PVC clings films in the near future. Nevertheless, the wide use of PVC cling films in the packaging of fish, cheese, and biscuits will not only create lucrative growth avenues for the market but can counter the negative impact of the hindrances on the market growth in the foreseeable future.
The study provides a decisive view of the PVC cling film market by segmenting the market based on by type, by thickness, by distribution channel, by applications and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By type segment analysis includes manual film, machine film, others.
By thickness segment analysis includes up to 10 microns, between 10–15 microns, between 15–20 microns, above 20 microns.
By distribution channel segment analysis includes direct sales, indirect sales.
By application segment analysis includes industrial, household, others.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | PVC Cling Film Market |
Market Size in 2023 | USD 824.76 Million |
Market Forecast in 2032 | USD 1145.75 Million |
Growth Rate | CAGR of 3.72% |
Number of Pages | 110 |
Key Companies Covered | Mitsubishi Plastics Inc., Ergis S.A., Scientex Berhad, LINPAC Group Limited, Alpfilm, Folien GmbH Monheim, Decofilm S.p.A., Allen Plastic Industries Co. Ltd., Mirel Vratimov A.S., and Eurofilms Extrusion Ltd |
Segments Covered | By Type, By Thickness, By Distribution Channel, By Applications And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The expansion of the market in Asia Pacific over the estimated timeframe is owing to large-scale product penetration in densely populated countries like India and China. In addition to this, the huge presence of key product manufacturers in the region will further contribute to the regional market size over the ensuing years.
Key players profiled in the report are-
The global PVC cling film market is segmented as follows:
By type:
By thickness:
By distribution channel:
By applications:
By Region
FrequentlyAsked Questions
Surge in popularity of ready-made diet as well as convenient food items due to hectic work schedule will steer the growth of the market over the forthcoming years.
The CAGR of the industry is expected to be nearly 3.72% during the forecast timespan.
Asia Pacific region will contribute sizably towards the global market revenue over the estimated timeline.
The key market participants include Mitsubishi Plastics Inc., LINPAC Group Limited, Alpfilm, Decofilm S.p.A., Allen Plastic Industries Co. Ltd., Mirel Vratimov A.S., Folien GmbH Monheim, Scientex Berhad, Ergis S.A., and Eurofilms Extrusion Ltd.
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