Global PVC Cling Film market is set to register a CAGR of nearly 4.8% during the period from 2020 to 2026.
PVC Cling Film Market
The global PVC Cling Film market is set to register a CAGR of nearly 4.8% during the period from 2020 to 2026. The report offers an assessment and analysis of the PVC Cling Film market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
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 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 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.
The global PVC cling film market is segmented as follows:
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 4.8% 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.