Global Market Insights, Inc present the report on global PVC Cling Film Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025.
PVC Cling Film Market size is expected to see high growth during forecast period owing to rising demand from food and beverage industry along with intensifying urbanization worldwide and subsequent rising need for on-the-go food products. Product is manufactured by extrusion process in which granules of PVC plastics are melted and forced through a die to form bubble. The bubble is then collapsed between metal rollers to form thin film. Product is extensively used in food industry for wrapping and protecting food items from foreign particles and organisms.
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Product is primarily used in food and beverage packaging to prevent contact with microorganisms for elongated period, resulting in improved shelf life. They stick to the container without any adhesives, thus providing flexible packaging solutions to the user. PVC cling films finds applications in different areas such as packaging of cheese, biscuits, meat, fish, vegetables, fruits, etc.
This is due to its ability to preserve the food for longer period of time. The product is cost effective as compared to other packaging materials such as aluminum wraps and foils. In addition, various food outlets such as restaurants, coffee shops, fast food chains use the product in bulk quantity. These factors will create lucrative opportunity for PVC cling film market during the forecast timespan.
Product is free from plasticizers and can be reheated and used in microwave and is therefore gaining popularity among the working class. Product’s high quality and effective packaging solutions at low cost will drive the product demand in the forecast timespan. However, there are some health and environment concerns associated with the product and product is not recyclable. Increasing regulations on single use plastics coupled with growing awareness among people regarding environmental impact will have negative impact on product demand. Additionally, rising demand of aluminum films and foils can act as setback for product manufactures.
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North America PVC cling film market is among the largest which is due to high demand of ready to eat meals and increased food outlets in the U.S. Asia Pacific is anticipated to dominate the market in the forecast period. The region shall witness significant growth in product demand due to rising population in India and China along with improving economic conditions in the region.
Europe has significant market growth potential owing to well-established food industry. However, stringent regulations in the region can hamper the product demand during forecast period. In Latin America, the market growth can be associate with changing consumer preference and increasing disposable income in the region. Middle East & Africa have significant growth potential during the forecast period, owing to significant population rise and propelling food & beverage industry.
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Some of the key manufacturers of PVC cling film market include Berry Global Inc., Sigma Stretch Film, Mitsubishi Chemical Holdings, Intertape Polymer Group, Klöckner Pentaplast Group, Reynolds Group Holding Limited., POLIFILM GmbH, Thong Guan Industries Berhad, Tronoplast Technologies Inc., CeDo Ltd., etc. In order to sustain in the business environment, companies are incorporating strategic acquisitions & mergers as growth strategy. For instance, Berry Global Group acquired RPC group Plc, one of the Europe’s largest supplier of plastic packaging for USD 6.5 billion in 2019.
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