Protective and air tight sealing is becoming necessary across various sectors, like food and healthcare. To these sectors, PVC cling wrap is an ideal option to maintain product safety and comply with all regulations. A 2.10% CAGR is probably going to be experienced by the PVC cling wrap market from 2024 to 2034.
Innovations like antimicrobial formulations, integration of smart tags, and recyclable materials will people the market towards a valuation of USD 657.8 million, which is almost a 1.5x growth since 2023.
Report Attribute | Details |
---|---|
Market Value in 2023 | USD 436.7 million |
Market Value for 2024 | USD 494.4 million |
Forecast Value for 2034 | USD 657.8 million |
CAGR from 2024 to 2034 | 2.10% |
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The PVC cling wrap market expanded at a 2.90% CAGR, according to packaging specialists at Future Market Insights, who monitored the growth trajectory from 2019 to 2023. With stable progress, the demand will loom down to a 2.10% CAGR throughout the next ten years, from 2024 to 2034.
Historical CAGR from 2019 to 2023 | 2.90% |
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Forecast CAGR from 2024 to 2034 | 2.10% |
The emergence of recyclable alternatives to cling wrap is an innovation in the United States. These wraps offer a sustainable alternative for food packing, addressing environmental issues.
Manufacturers address customer demand for ecofriendly packaging solutions and help reduce plastic waste using recyclable materials. The development represents an industry move towards more environmentally sensitive practices and aligns with sustainability efforts.
An example of an American company offering recyclable PVC cling wrap is Glad, a division of The Clorox Company. Glad provides various ecologically sustainable food preservation options, such as recyclable PVC cling wraps. These wraps are made to be more environmentally friendly while offering the same convenience and utility as conventional PVC cling wraps.
Manufacturers are Attracting Consumers with various kinds of Customization Options
The customization trend, which meets particular consumer requirements and preferences, is a niche driver in the PVC cling wrap market. This is providing cling wrap solutions that are customized for specialized uses like artisanal food packaging or marketing campaigns.
These solutions can include unique sizes, thicknesses, or printed graphics. Manufacturers may efficiently target specialized sectors, distinguish their offers, and foster brand loyalty among discriminating consumers by offering customized options.
Growing Restrictions towards Plastic Usage to Impede the Market Trajectory
The market is constrained, mostly because of growing ecological concerns over plastic consumption. Public awareness of plastic pollution and legislative efforts to limit the use of single use plastics. Market share is also at risk due to the move towards ecofriendly packaging substitutes such as biodegradable wraps.
Profitability is also impacted by variable raw material prices and economic swings. Concerns about the health effects of chemicals leaking into food from PVC wraps might impede market expansion.
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This section provides a detailed analysis of two particular market segments for the PVC cling wrap, the dominant manufacturing process and the significant end use. The two main segments discussed below are machine wraps and food sector.
Manufacturing Process | Machine Wraps |
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Market Share in 2024 | 73.30% |
The efficiency and affordability of machine wraps in large scale production processes make them a promising addition to the PVC cling wrap market. These wraps are made to work with automated packaging equipment, which will expedite the packaging procedure and boost output.
Market players are drifting towards them due to their uniform thickness and superior seal, guaranteeing dependable functioning. This makes them perfect for high volume packaging sectors like food manufacturing and distribution.
End Use | Food |
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Market Share in 2024 | 53.40% |
These wraps are expected to be utilized extensively in the food sector owing to their adaptability, low cost, and potent freshness preservation properties. By creating an airtight seal, they prolong the shelf life of food by avoiding deterioration.
Their transparency makes sealed products easily visible, improving convenience for both customers and merchants. Due to these qualities, PVC cling wraps are essential for food storage and preservation in various food industry applications, with a 53.40% market share in 2024.
This section will detail the PVC cling wrap markets in key countries, including the United States, Canada, Germany, the United Kingdom, and South Korea. The below section will emphasize the reasons that are pushing growth in each of the regions.
Countries | CAGR from 2024 to 2034 |
---|---|
The United States | 1.6% |
Canada | 1.3% |
Germany | 1% |
The United Kingdom | 1.3% |
South Korea | 1.9% |
The development of antimicrobial cling wrap formulations is a growing market niche for PVC cling wrap in the United States, with a 1.6% CAGR through 2034. The fungal growth and bacteria on the surface of the wrap can be effectively prevented with these wraps, ensuring food safety.
Consumer demand for more hygienic food packaging is rising in places like hospitals, commercial kitchens, and residences where cleanliness standards are stringent. These wraps meet that requirement.
These wraps are popular in Canada owing to their unusual ability to withstand frigid conditions, gaining a 1.3% CAGR through 2034. The severe winters in Canada need dependable food storage options that maintain efficacy even in subfreezing temperatures.
PVC cling wraps have a clear advantage over other packaging materials because of their capacity to stick firmly even in chilly conditions. They appeal to Canadian customers because of this distinctive trait, which promotes greater acceptance and market expansion.
These wraps are becoming increasingly prevalent in Germany owing to their remarkable ability to preserve food, which aligns with the country's value of quality and freshness in cooking. The ability of the wraps to seal and maintain a variety of foods, such as cheeses, meats, and baked products, is in line with German consumer need for a wide selection of preserved and fresh foods.
Quality and adaptability are prioritized, which helps explain why this wrap is becoming progressively more popular in German homes and the food business. Such a factor is aiding the industry to acquire a 1% CAGR during the forecast period.
Due to their unique qualities, PVC cling wraps are in demand in the United Kingdom. For example, their innovative cling technology offers better adherence and a tight seal around food products.
This special quality reduces air exposure, keeping food fresher longer than regular wraps. PVC cling wraps are becoming increasingly popular in British households and culinary enterprises since British customers value the longer shelf life and less food waste they provide, ensuring a 1.3% CAGR through 2034.
PVC cling wrap is used in industries other than food in South Korea, garnering a 1.9% CAGR through 2034. They are frequently used in households to store and wrap various goods, such as toiletries, household goods, and personal stuff.
These cling wraps are used in the healthcare industry to package medical equipment and supplies, demonstrating their adaptability and extensive use in various sectors nationwide.
The application of smart packaging technology is one distinct perspective in the PVC cling wrap market. This entails adding elements to the wrap, such as RFID tags or QR codes, so that customers can use smartphone apps to track freshness and expiry dates or obtain comprehensive product information.
This innovative approach improves transparency and customer confidence while giving manufacturers useful details on supply chain optimization and consumption trends.
By providing customers with improved functionality and convenience and opening up new opportunities for market differentiation and competitive advantage, integrating such technologies can transform the PVC completely cling wrap market. The key players in this market include:
Key Developments by Market Players
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 2.10% from 2024 to 2034 |
Market value in 2024 | USD 494.4 million |
Market value in 2034 | USD 657.8 million |
Base Year for Estimation | 2023 |
Historical Data | 2019 to 2023 |
Forecast Period | 2024 to 2034 |
Quantitative Units | USD million for value |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Thickness, Manufacturing Process, End Use, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Berry Global Group Inc.; Klockner Pentaplast; Intertape Polymer Group; Pactiv Evergreen; Specialty America Inc.; Sigma Stretch Film; Cedo Ltd; Integrated Packaging; MOLCO GmbH; Manuli Stretch S.p.A. |
Customisation Scope | Available on Request |
The PVC cling wrap market is to garner a 2.10% CAGR from 2024 to 2034.
By 2024, the global PVC cling wrap market will reach USD 494.4 million.
By 2034, the PVC cling wrap market is poised to reach USD 657.8 million.
The PVC cling wrap industry in the United States to advance at a 1.60% CAGR during the forecast period.
The machine wraps will be widely used to manufacture these wraps, with a 73.30% market share in 2024.
By 2024, these wraps will probably be used by the food sector, with a 53.40% market share in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness 5.1. Up to 10 microns 5.2. 10 to 15 microns 5.3. 15 to 20 microns 5.4. Above 20 microns 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Manufacturing Process 6.1. Machine Films 6.2. Manual or Handheld Films 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Food 7.1.1. Dairy Products 7.1.2. Fruits & Vegetables 7.1.3. Bakery & Confectionery 7.1.4. Meat, Poultry & Seafood 7.1.5. Other Food Products 7.2. Pharmaceuticals 7.3. Personal Care & Cosmetics 7.4. Home Care 7.5. Other Industrial 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Berry Global Group, Inc. 18.2. Klockner Pentaplast 18.3. Intertape Polymer Group 18.4. Pactiv Evergreen 18.5. Specialty America Inc. 18.6. Sigma Stretch Film 18.7. Cedo Ltd 18.8. Integrated Packaging 18.9. MOLCO GmbH 18.10. Manuli Stretch S.p.A. 19. Assumptions & Acronyms Used 20. Research Methodology
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