Cling Wrap Market - Forecast(2024 - 2030)

Report Code: CMR 28375 Report Format: PDF + Excel

Cling Wrap Market Overview

Cling Wrap market size is forecast to reach US$1.7 billion by 2027, after growing at a CAGR of 5.1% during the forecast period 2022-2027. Cling wrap is a flexible transparent plastic film consisting of plasticizers such as polyvinylidene chloride, low-density polyethylene, polyvinyl chloride, and others with strong and highly persistent adherence to surfaces and to itself. It is usually used to package food items in containers. The cling wrap market is primarily driven by the growth of the food and beverage industry. For instance, in February 2022, Food Drink Europe published Q3 2022 report, EU food, and beverage sector production expanded by 0.8% in Q3 2021 and by 2% in Q2 2021. Moreover, the increasing applications of cling wrap in the personal care industry will also accelerate the cling wrap industry growth during the forecast period. 

COVID-19 Impact 

In the year 2020, the Covid-19 pandemic impacted the supply chain, which resulted in the shortage of raw materials for the manufacturing of cling wrap. The imports and exports of low-density polyethylene, polyethylene in primary forms, polyvinyl chloride, and other materials declined in 2021, owing to the Covid-19 related regulations. For instance, according to the International Trade Centre (ITC), total global exports of polyethylene with a specific gravity of < 0.94, in primary forms in 2019 were US$ 23,767.4 million, and in 2020 it was US$ 21,779.8 million, a 9.1 percent decrease. Likewise, total global exports of polyethylene with a specific gravity of < 0.94 in 2019 were US$ 25,784.9 million, and in 2020 it was US$ 22,863.7 million, a 12.8 percent decrease. Hence, such a decline in the raw materials supply chain negatively impacted the cling wrap market. However, in the year 2021, production activities were boosted across the countries to foster economic growth the countries, which resulted in the growth of the market. Also, it is projected that the Covid-19 pandemic will end by the end of 2022, which will result in cling wrap industry situations before the Covid-19 pandemic. 

Report Coverage 

The report: "Cling Wrap Market–Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cling Wrap Market. 

By Material: Thermosetting Materials (Polyurethane (PU), Polycyanurates, and Others), Thermoplastic Materials (Polyethylene Terephthalate (PET), Low-Density Polyethylene (LDPE), Acrylonitrile Butadiene Styrene (ABS), Ethylene-Vinyl Acetate (EVA), Acrylic, Polyvinyl Chloride (PVC), Polycarbonate (PC), Biaxially Oriented Polypropylene (BOPP), Polyethylene (PE), and Others), and Bio-Based.
By Method: Blow Film, Cast Film, Hand-Wrap, Pre-Stretch Films, Machine Wrap, and Others 
By Application: Food Wrap, Industrial Wrap, Protective Wrap, and Others 
By End-Use Industry: Food and Beverage (Fruits and Vegetables, Poultry, Infant Nutrition, Dairy, Bakery, Confectionary, Fats and Oils, Toppings, Alcoholic Drinks, Non-Alcoholic Drinks, and Others), Medical and Healthcare (Pharmaceuticals and Medical Device), Automotive (Passenger Car, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV)), Building and Construction (Residential, Commercial, Industrial, and Infrastructure), Consumer Goods (Washing Machine, Refrigerator, Computer, and Others), Industrial (Textile, Metallurgy, Rubber, Pulp and Paper, and Others), and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa)) 

Key Takeaways 

  • Asia-Pacific region dominated the cling wrap market, owing to the growing food processing industry in the region. For instance, according to Invest India, India’s food processing industry has grown at an annual growth rate of 11.18% from 2016 to 2020. 
  • Factors such as product protection for an extended time, as well as rising customer demand for high-quality and flexible packaging products such as food and beverage, cosmetics, electronics, and others, are fueling market expansion. 
  • Moreover, the surging adoption of bio-based cling wrap for sustainable packaging is expected to drive the cling wrap market growth during the forecast period. 
  • However, the environmental concerns associated with the materials such as biaxially oriented polypropylene, polyvinyl chloride, and more used during the manufacturing of cling wrap are posing a major restrain for the market growth. 

Figure: Asia-Pacific Cling Wrap Market Revenue, 2021-2027 (US$ Billion)


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Cling Wrap Market Segment Analysis – By Application 

The food wrap segment held the largest share in the cling wrap market in 2021 and is forecasted to grow at a CAGR of 5.6% during the forecast period 2022-2027. Cling wraps are utilized to protect food from insects and microbiological contamination, and dust, to keep it fresh, and to reduce the risk of food waste by extending its shelf life. Consumers are increasingly adopting packaged products with a longer shelf life due to rising health consciousness and awareness about the importance of eating fresh food. For instance, according to the Associated Chamber of Commerce and Industry of India, in 2019, India's food packaging industry was valued at INR710 million (about US$10.37 million), and in 2020 it was INR730 million (about US$10.53 million), an increase of about 2.8%. Thus, the growth of the food packaging market is resulting in the growing application of food wraps, which is accelerating the market growth. 

Cling Wrap Market Segment Analysis – By End-Use Industry 

The food and beverage segment held the largest share in the cling wrap market in 2021 and is forecasted to grow at a CAGR of 6.1% during the forecast period 2022-2027. For the food and beverage industry, it is crucial to increase the shelf life of the products. Since wring wrap ensures superior packaging durability, it is often utilized by the food and beverage industry. The production of vegetables, fruits, bakeries, and other product products is surging because of the factors such as increasing disposable income, growing demand for fresh food, and more. For instance, according to the European Union, in 2020 the production of fruits in the European Union countries was about 36.8 million metric tons, and out of this apples and pears production was the highest at 14.3 million metric tons, which was about 38.9% of the production of the total fruit. Hence, as the production of fresh food is surging the demand for cling wrap is growing. This is propelling the cling wrap market growth.

Cling Wrap Market Segment Analysis – By Geography 

Asia-Pacific region is the dominating region as it holds the largest share in the cling wrap market in 2021 up to 39%. The Asia-Pacific economy is driven by the growth of the sectors like food and beverage, personal care, and more such industries in the region. The factors such as increasing food security, increasing population, and other factors are resulting in surging production of food and beverage in the Asia-Pacific region. For instance, according to the Food and Agriculture Organization (FAO) states India and China are the main producers of vegetables and fruits in terms of volume. In 2019, China produced 588.26 million metric tons of fresh vegetables, while India produced 132.03 million metric tons. Moreover, according to the Association of Southeast Asian Nations (ASEAN), bakery products such as cookies, biscuits, and more are the largest segment within the food and beverages category of Thailand. It was valued at US$8.9 billion in 2020, the market is expected to register a growth of 1.2% annually until 2025. Therefore, the growing food & beverage industry of the Asia-Pacific region is fueling the demand for cling wrap, which in turn is boosting the market growth. 

Cling Wrap Market Drivers 

Increasing Adoption of Bio-Based Products

The research and development related to bio-based products are increasing due to their being highly environmentally sustainable. In addition to this, the benefit of a less resource-intensive production process and making better use of all-natural resources makes them ideal for application in the mass production of cling wrap. Hence, the demand for bio-based cling wrap is surging, this is encouraging cling wrap manufacturers to launch bio-based cling wrap products. For instance, in August 2021, Compostic, a home-compostable plastic alternative manufacturer based in New Zealand, launched Home-Compostable Cling Wrap products in the United States. In July 2020, Dow and Thong Guan launched sustainable plastic stretch cling films derived from renewable feedstock in the Asia Pacific region. Hence, the surging adoption of bio-based products is resulting in its growing application in cling wraps, which is further benefiting the cling wrap market growth.

Expanding Bakery Industry

Bakery products such as cookies, dry baked products, and more need tight sealed food packaging to keep the packed bakery products fresh. Cling wraps tightly wrapped from the bottom to the top effectively seals out air that stales baked products, unwanted moisture that promotes mold growth, and other noxious aromas that may be floating around your fridge. Thus, making cling wraps ideal for bakery products. The factors such as increasing consumer preference for convenience food, nutritional values, and more are resulting in the surging bakery industry. For instance, according to the China Chain Store Association, the bakery and dessert franchises are growing in China. In the year 2019, in tier 1 and 2 cities of China bakery and dessert shop franchises grow by 95% and in tier 3 and 4 cities in China, it was 43%. Also, according to the Federation of Bakers Ltd, in the year 2020, the U.K morning and snacks bakery production was 1.09 billion, and in 2021 it was 1.18 billion units, an increase of 7.6%. Therefore, the expanding bakery industry is resulting in the surging demand for wraps to maintain the packed food freshness, this is driving the cling wrap market growth. 

Cling Wrap Market Challenges 

Environment Concerns Regarding Material Use 

The materials such as polyvinylidene chloride, low-density polyethylene, and more have advantages of higher wrap durability, owing to this the shelf life of cling wrap enhances. However, as a result of mass production related to plastic-based cling wrap, plastic landfills are expanding. According to UN Environment, just 9% of plastic is recycled, with the remainder ending up in landfills, dumps, and the natural environment. Governments have established norms and procedures for wrap recycling, which is impacting the cling wrap. For example, the Devolved Administrations, and the UK government are both committed to environmental conservation and have shown a strong desire to adopt extended producer responsibility for the packaging, which would oblige producers to cover the whole cost of disposing of the rubbish they make. All of these factors are creating a significant impediment to the cling wrap market's expansion. 

Cling Wrap Industry Outlook 

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the cling wrap market. cling wrap top 10 companies are: 

  1. 3M 
  2. ADEX S.r.l. 
  3. Alliance Plastics 
  4. All American Poly 
  5. Amcor PLC 
  6. Anchor Packaging 
  7. Berry Global Inc. 
  8. Deriblok S.P.A. 
  9. HIPAC S.P.A. 
  10. Inteplast Group 

Recent Developments

  • In January 2022, an Italian packaging films manufacturer launched the sustainable Compostable Cling Film also known as Cling Wrap. Such product launches are benefiting the market growth. 
  • In August 2021, Compostic, a New Zealand-based certified home-compostable plastic alternative manufacturer, launched Home-Compostable Cling Wrap in the United States.
  • In March 2021, Bacofoil, a packaging product producer based in the United Kingdom, launched greener cling film (also known by the name cling wrap). 

Relevant Reports 

Cling Films Market - Forecast 2021 - 2026 

Report Code: CMR 93442 

PVC Cling Film Market - Forecast 2021 - 2026 

Report Code: CMR 21991 

Packaging Film Market – Forecast (2022 - 2027) 

Report Code: CMR 0174

For more Chemicals and Materials Market reports, please click here

1. Cling Wrap Market: Market Overview
   1.1 Definitions and Scope
2. Cling Wrap Market- Executive Summary 
    2.1 Key Trends by Material 
    2.2 Key Trends by Method
    2.3 Key Trends by Application 
    2.4 Key Trends by End-Use Industry 
    2.5 Key Trends by Geography
3. Cling Wrap Market– Comparative analysis
    3.1 Market Share Analysis- Major Companies 
    3.2 Product Benchmarking- Major Companies 
    3.4 Top 5 Financials Analysis 
    3.5 Patent Analysis- Major Companies 
    3.6 Pricing Analysis (ASPs will be provided) 
4. Cling Wrap Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis: 
        4.1.1 Investment 
        4.1.2 Revenue 
        4.1.3 Product portfolio 
        4.1.4 Venture Capital and Funding Scenario 
5. Cling Wrap Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview 
    5.2 New Business and Ease of Doing Business Index 
    5.3 Successful Venture Profiles 
    5.4 Customer Analysis – Major companies 
6. Cling Wrap Market- Market Forces 
    6.1 Market Drivers 
    6.2 Market Constraints 
    6.3 Porters Five Force Model 
        6.3.1 Bargaining Power of Suppliers 
        6.3.2 Bargaining Powers of Buyers 
        6.3.3 Threat of New Entrants 
        6.3.4 Competitive Rivalry 
        6.3.5 Threat of Substitutes
7. Cling Wrap Market– Strategic Analysis 
    7.1 Value/Supply Chain Analysis 
    7.2 Opportunity Analysis 
    7.3 Product/Market Life Cycle 
    7.4 Distributor Analysis – Major Companies 
8. Cling Wrap Market-By Material (Market Size –US$ Million/Billion)
    8.1 Thermosetting Materials 
        8.1.1 Polyurethane (PU) 
        8.1.2 Polycyanurates 
        8.1.3 Others 
    8.2 Thermoplastic Materials 
        8.2.1 Polyethylene Terephthalate (PET) 
        8.2.2 Low-Density Polyethylene (LDPE) 
        8.2.3 Acrylonitrile Butadiene Styrene (ABS) 
        8.2.4 Ethylene-Vinyl Acetate (EVA) 
        8.2.5 Acrylic 
        8.2.6 Polyvinyl Chloride (PVC) 
        8.2.7 Polycarbonate (PC) 
        8.2.8 Biaxially Oriented Polypropylene (BOPP) 
        8.2.9 Polyethylene (PE) 
        8.2.10 Others 
    8.3 Bio-Based
9. Cling Wrap Market-By Method (Market Size –US$ Million/Billion) 
    9.1 Blow Film 
    9.2 Cast Film 
    9.3 Hand-Wrap 
    9.4 Pre-Stretch Films 
    9.5 Machine Wrap 
    9.6 Others 
10. Cling Wrap Market-By Application (Market Size –US$ Million/Billion) 
    10.1 Food Wrap 
    10.2 Industrial Wrap 
    10.3 Protective Wrap 
    10.4 Others 
11. Cling Wrap Market-By End-Use Industry (Market Size -US$ Million/Billion) 
    11.1 Food and Beverage 
        11.1.1 Fruits and Vegetables 
        11.1.2 Poultry 
        11.1.3 Infant Nutrition 
        11.1.4 Dairy 
        11.1.5 Bakery 
        11.1.6 Confectionary 
        11.1.7 Fats and Oils 
        11.1.8 Toppings 
        11.1.9 Alcoholic Drinks 
        11.1.10 Non-Alcoholic Drinks 
        11.1.11 Others 
    11.2 Medical and Healthcare
        11.2.1 Pharmaceuticals 
        11.2.2 Medical Device
    11.3 Automotive 
        11.3.1 Passenger Car 
        11.3.2 Light Commercial Vehicle (LCV) 
        11.3.3 Heavy Commercial Vehicle (HCV) 
    11.4 Building and Construction 
        11.4.1 Residential
        11.4.2 Commercial 
        11.4.3 Industrial 
        11.4.4 Infrastructure
    11.5 Consumer Goods 
        11.5.1 Washing Machine 
        11.5.2 Refrigerator 
        11.5.3 Computer 
        11.5.4 Others 
    11.6 Industrial 
        11.6.1 Textile 
        11.6.2 Metallurgy 
        11.6.3 Rubber 
        11.6.4 Pulp and Paper 
        11.6.5 Others 
    11.7 Others 
12. Cling Wrap Market-By Geography (Market Size -US$ Million/Billion) 
    12.1 North America 
        12.1.1 USA 
        12.1.2 Canada 
        12.1.3 Mexico 
    12.2 Europe 
        12.2.1 UK 
        12.2.2 Germany 
        12.2.3 France 
        12.2.4 Italy 
        12.2.5 Netherlands 
        12.2.6 Spain 
        12.2.7 Russia 
        12.2.8 Belgium 
        12.2.9 Rest of Europe 
    12.3 Asia-Pacific 
        12.3.1 China 
        12.3.2 Japan 
        12.3.3 India 
        12.3.4 South Korea 
        12.3.5 Australia and New Zealand 
        12.3.6 Indonesia 
        12.3.7 Taiwan 
        12.3.8 Malaysia 
        12.3.9 Rest of APAC 
    12.4 South America 
        12.4.1 Brazil 
        12.4.2 Argentina 
        12.4.3 Colombia 
        12.4.4 Chile 
        12.4.5 Rest of South America 
    12.5 Rest of the World 
        12.5.1 Middle East 
            12.5.1.1 Saudi Arabia 
            12.5.1.2 UAE 
            12.5.1.3 Israel 
            12.5.1.4 Rest of Middle East 
         12.5.2 Africa 
            12.5.2.1 South Africa 
            12.5.2.2 Nigeria 
            12.5.2.3 Rest of Africa 
13. Cling Wrap Market – Entropy 
    13.1 New Product Launches 
    13.2 M&As, Collaborations, JVs and Partnerships 
14. Cling Wrap Market–Industry / Segment Competition landscape Premium Premium 
    14.1 Company Benchmarking Matrix – Major Companies 
    14.2 Market Share at Global Level - Major companies 
    14.3 Market Share by Key Region - Major companies 
    14.4 Market Share by Key Country - Major companies 
    14.5 Market Share by Key Application - Major companies 
    14.6 Market Share by Key Product Type/Product category- Major companies 
15. Cling Wrap Market – Key Company List by Country Premium Premium 
16. Cling Wrap Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments 
    16.1 Company 1 
    16.2 Company 2 
    16.3 Company 3 
    16.4 Company 4 
    16.5 Company 5 
    16.6 Company 6 
    16.7 Company 7 
    16.8 Company 8 
    16.9 Company 9 
    16.10 Company 10 and more 
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Cling Wrap Market, by Type Market 2019-2024 ($M)
2.Global Cling Wrap Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Cling Wrap Market, by Type Market 2019-2024 (Volume/Units)
4.Global Cling Wrap Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Cling Wrap Market, by Type Market 2019-2024 ($M)
6.North America Cling Wrap Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Cling Wrap Market, by Type Market 2019-2024 ($M)
8.South America Cling Wrap Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Cling Wrap Market, by Type Market 2019-2024 ($M)
10.Europe Cling Wrap Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Cling Wrap Market, by Type Market 2019-2024 ($M)
12.APAC Cling Wrap Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Cling Wrap Market, by Type Market 2019-2024 ($M)
14.MENA Cling Wrap Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Cling Wrap Market Revenue, 2019-2024 ($M)
2.Canada Global Cling Wrap Market Revenue, 2019-2024 ($M)
3.Mexico Global Cling Wrap Market Revenue, 2019-2024 ($M)
4.Brazil Global Cling Wrap Market Revenue, 2019-2024 ($M)
5.Argentina Global Cling Wrap Market Revenue, 2019-2024 ($M)
6.Peru Global Cling Wrap Market Revenue, 2019-2024 ($M)
7.Colombia Global Cling Wrap Market Revenue, 2019-2024 ($M)
8.Chile Global Cling Wrap Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Cling Wrap Market Revenue, 2019-2024 ($M)
10.UK Global Cling Wrap Market Revenue, 2019-2024 ($M)
11.Germany Global Cling Wrap Market Revenue, 2019-2024 ($M)
12.France Global Cling Wrap Market Revenue, 2019-2024 ($M)
13.Italy Global Cling Wrap Market Revenue, 2019-2024 ($M)
14.Spain Global Cling Wrap Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Cling Wrap Market Revenue, 2019-2024 ($M)
16.China Global Cling Wrap Market Revenue, 2019-2024 ($M)
17.India Global Cling Wrap Market Revenue, 2019-2024 ($M)
18.Japan Global Cling Wrap Market Revenue, 2019-2024 ($M)
19.South Korea Global Cling Wrap Market Revenue, 2019-2024 ($M)
20.South Africa Global Cling Wrap Market Revenue, 2019-2024 ($M)
21.North America Global Cling Wrap Industry By Application
22.South America Global Cling Wrap Industry By Application
23.Europe Global Cling Wrap Industry By Application
24.APAC Global Cling Wrap Industry By Application
25.MENA Global Cling Wrap Industry By Application