The global cling film market value is expected to surge from USD 1,291.5 million in 2023 to USD 2,197.6 million by 2033. Over the forecast period, demand for cling films is set to rise at a CAGR of 5.5%. The worldwide cling film industry was valued at USD 1,244.2 million at the end of 2022.
Key Factors Driving Growth in the Cling Film Market Include
Cling Film Market Trends Shaping Growth Include
Attributes | Key Insights |
---|---|
Estimated Cling Film Market Size (2023) | USD 1,291.5 million |
Projected Cling Film Market Revenue (2033) | USD 2,197.6 million |
Value CAGR (2023 to 2033) | 5.5% |
Collective Value Share: Top 5 Countries (2022A) | 50% to 55% |
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Global sales of cling films recorded a CAGR of 3.0% during the historical period, with an overall valuation totaling USD 1,244.2 million at the end of 2022. In the assessment period, global cling film demand is poised to surge at a 5.5% CAGR. By 2033, the worldwide cling film market size will likely total USD 2,197.6 million.
Historical CAGR (2018 to 2022) | 3.0% |
---|---|
Forecast CAGR (2023 to 2033) | 5.5% |
The growing usage of cling films for packing food items in containers to keep them fresh for an extended period is a key factor driving market growth. From keeping food fresh and eliminating the risk of contamination to preventing messy spills, these thin plastic films have become versatile tools.
Cling films are sold as rolls in boxes and thus remain tight over the opening of a container without adhesive. Rising applications of cling wrap packaging across diverse industries, including food, healthcare, and consumer goods, will boost cling film market sales.
Cling film, being a plastic food packaging coating, is preferred as it significantly contributes to the safety and hygiene of the food items. It also prevents food products from contaminants, thereby extending their shelf life.
Cling films are considered a cost-effective way for food presentation. These films have acceptably low-permeability to water vapor and oxygen, extending the product's shelf life or increasing the freshness of the wrapped food articles.
The growing demand for flexible food packaging solutions is expected to boost sales of cling film rolls. Subsequently, expanding the food wrap industry and increasing the usage of cling films for preservation purposes will foster growth.
Leading companies are concentrating on developing biobased cling films to counter regulations. This is expected to bode well for the target market during the assessment period.
Particular | Value CAGR |
---|---|
H1 | 5.1% (2022 to 2032) |
H2 | 5.3% (2022 to 2032) |
H1 | 5.5% (2023 to 2033) |
H2 | 5.7% (2023 to 2033) |
Rising Demand for Ready-to-eat Meals Driving the Cling Film Market Growth
Leading restaurants and food and beverage stores are now identifying the benefits of cling films as more and more people use them for their business. Most companies manufacturing these cling films offer them wholesale, making them available at extremely cheap and affordable prices. Getting them in bulk also allows users to store their food items in a more efficient and organized manner.
Cling films are widely used for preparing meals in restaurants and also for catering purposes. These films are used to make sous vide cooking, which is one type of cooking that is ideal for chicken and steak items while preserving their tenderness and flavors. This enhanced cooking flexibility makes professional chefs recommend cling film for a large variety of preparations.
Several countries in Asia have witnessed rapid growth in urbanization. For instance, as per the World Bank, the urban population in China increased by almost 15% between 2012 to 2022. This growth has led to increased adoption of on-the-go food consumption habits among consumers, creating prospects for the target market.
The increasing number of single-person households and the fast-paced lifestyles have led to many people preferring ready-to-eat meals. This is creating demand for cling films, and the trend is expected to continue through 2033.
Country | CAGR (2023 to 2033) |
---|---|
United States | 4.9% |
Canada | 6.9% |
Germany | 4.6% |
France | 4.3% |
United Kingdom | 3.4% |
Spain | 4.5% |
Russia | 6.4% |
China | 7.5% |
India | 7.3% |
Japan | 3.7% |
India’s cling film market size is predicted to reach USD 152.1 million by 2033. Over the assessment period, sales of cling films in India are projected to soar at a 7.3% CAGR, owing to factors like:
India is witnessing rapid population growth, rising disposable incomes, and changing dietary habits. This, in turn, is triggering the growth of the food and beverage industry.
For instance, as per the National Restaurant Association of India (NRAI), India’s food services industry is set to thrive at 11.19% CAGR through 2028, totaling USD 79.65 billion. This will create growth prospects for packaging solutions such as cling wrap packaging.
There also has been a growing interest in on-the-go and pre-packaged meals in the country. This is expected to drive demand for convenient, easy-to-use packaging solutions, including cling films or freshness sealing films, through 2033.
As per the latest cling film industry analysis, China is expected to dominate the Asia Pacific Excluding Japan cling film market, holding a share of 41.8% in 2033. Over the forecast period, demand for cling films in China is expected to rise at a 7.5% CAGR.
By 2033, China's cling film market value is projected to total USD 224.8 million, driven by factors like:
China leads from the forefront when it comes to innovation in packaging solutions. Leading China-based cling film manufacturers are innovating to develop new products with enhanced features such as anti-microbial properties, improved cling, and microwave-safe properties. This will improve China’s cling film market share through 2033.
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The below section provides deeper insights into top segments and their respective values & shares in the cling film market. This information can help companies act accordingly, use popular materials, and develop cling wraps for specific end-use applications.
Material Type | PVC |
---|---|
Value CAGR | 5.2% |
Polyvinyl chloride (PVC) is the most widely used material for manufacturing cling films. This is due to its features, such as excellent sealing and adhesive properties, flexibility, barrier properties, durability, and cost-effectiveness.
Cling film manufacturers are keen to use PVC to make cling wraps owing to its unique characteristics. For instance, PVC is stickier and more resistant to moisture than PE. The growing popularity of PVC cling films will likely boost the target segment.
PVC is also relatively inexpensive compared to other polymers, such as polyvinylidene chloride (PVDC) and polyethylene (PE). This makes PVC-based cling firms affordable for both consumers and manufacturers.
Attractive benefits like cost-effectiveness, clinging properties, and barrier properties are making PVC the go-to packaging material for producing effective cling films. Consumers are also shifting their preference from solutions like polyethylene cling films towards PVC cling films.
As a result, the PVC segment is anticipated to occupy a market share of about 68.6% in 2023. Over the forecast period, it is expected to expand with a CAGR of 5.2%.
End-use | Food |
---|---|
Value CAGR | 5.7% |
Food & beverage companies extensively utilize cling film to wrap and preserve food, locking out moisture and protecting against other types of contamination. Several households also utilize cling films for food preparation and assembly purposes.
Manufacturers also use cling films as secondary packaging material for packaged retail foods. Growing demand for ready-to-eat food products globally will positively impact sales of cling films, as they are widely used in these products. Similarly, the rising need for flexible food packaging is set to benefit the target segment.
As per the latest report, the food segment is anticipated to contribute to about 53.1% of the total cling film sales by 2033. The target segment is set to exhibit a CAGR of 5.7% during the forecast period.
The global cling film market is highly competitive, with the top players accounting for only 10% to 20% of the global share. In order to maintain their position and gain a competitive edge, key manufacturers of cling films are implementing several strategies. These include new product launches, strengthening distribution networks, partnerships, mergers, and acquisitions.
With a highly competitive packaging industry, the pressure is on cling film manufacturers to innovate and improve their products constantly. This is driving advancements in cling film technology. These actions are not only helping the key players maintain their market share but are also creating a ripple effect that is shaping the entire industry.
Companies are constantly introducing plastic wrap solutions like wrap and seal films to expand their customer base. To meet bulk industrial demand, they are also increasing their industrial cling film capacities.
Recent Cling Wrap Packaging Market Developments:
Attribute | Details |
---|---|
Estimated Market Value (2023) | USD 1,291.5 million |
Projected Market Value (2033) | USD 2,197.6 million |
Expected Growth Rate (2023 to 2033) | 5.5% CAGR |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million, Volume in tons, and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | By Material Type, By Thickness, By End-use, By Region |
Key Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Europe; Oceania; Middle East & Africa |
Key Companies Profiled | Berry Global Group, Inc.; Intertape Polymer Group (IPG); Gruppo Fabbri Vignola S.p.A; Kalan SAS; Fine Vantage Limited; Rotofresh - Rotochef s.r.l.; Manuli Stretch S.p.A.; Klöckner Pentaplast; Adex S.r.l.; MOLCO GmbH; CeDo Ltd; Prowrap Group (Wrapex Limited); 3M Company; Benkai Co., Ltd.; Multi Wrap (PTY) LTD; Anchor Packaging; Anhui Jumei Biological Technology Co., Ltd; Pragya Flexifilm Industries; Reynolds Consumer Products Inc. |
The global cling film market size is anticipated to reach USD 1,291.5 million in 2023.
The cling film market value is set to reach USD 2,197.6 million in 2033.
The global market exhibited a 3.0% CAGR over the last four years.
Demand for cling films is projected to expand at a 5.5% CAGR through 2033.
The food segment will likely hold a prominent revenue share by 2033.
Around 1.2 billion meters of cling film is used in the United Kingdom every year.
Cling film is mostly used for sealing food items in containers.
Plastic wrap or Saran wrap.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market - Pricing Analysis 5.1. Regional Pricing Analysis 5.2. Global Average Pricing Analysis Benchmark 6. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Market Background 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Material Type 8.1. PE 8.1.1. LDPE 8.1.2. LLDPE 8.1.3. HDPE 8.2. BOPP 8.3. PVC 8.4. PVDC 8.5. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Thickness 9.1. Up to 9 Microns 9.2. 9 to 12 Microns 9.3. Above 12 Microns 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End use 10.1. Food 10.1.1. Meat 10.1.2. Seafood 10.1.3. Baked Foods 10.1.4. Dairy Products 10.1.5. Fruits & Vegetables 10.1.6. Ready to Eat Meals 10.1.7. Others 10.2. Healthcare 10.3. Consumer Goods 10.4. Industrial 10.5. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. Asia Pacific Excluding Japan 11.6. Japan 11.7. Middle East and Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Asia Pacific Excluding Japan Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Japan Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Country wise Market Analysis 2023 & 2033 20. Market Structure Analysis 21. Competition Analysis 21.1. Berry Global Group, Inc. 21.2. Intertape Polymer Group (IPG) 21.3. Gruppo Fabbri Vignola S.p.A 21.4. Kalan SAS 21.5. Fine Vantage Limited 21.6. Rotofresh - Rotochef s.r.l. 21.7. Manuli Stretch S.p.A. 21.8. Klöckner Pentaplast 21.9. Adex S.r.l. 21.10. MOLCO GmbH 21.11. CeDo Ltd 21.12. Prowrap Group (Wrapex Limited) 21.13. 3M Company 21.14. Benkai Co., Ltd. 21.15. Multi Wrap (PTY) LTD 21.16. Anchor Packaging 21.17. Anhui Jumei Biological Technology Co., Ltd 21.18. Pragya Flexifilm Industries 21.19. Reynolds Consumer Products Inc. *The above list is indicative in nature and is subject to change during the course of research 22. Assumptions and Acronyms Used 23. Research Methodology
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