Pune, 7, Dec, 2022: The report published by Maximize Market research, on PVC Cling Film market, covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market research expects, the market to growth from USD 761.62 Mn. in 2021 to 1116.71 Mn. in 2029 at a CAGR of 4.9%, Asia Pacific expected to witness highest growth.
PVC Cling Film Market Scope and Research Methodology
The report presents the past and current trends of the PVC cling film market with the forecasted market size. The analysis of the PVC Cling Film market is provided at regional, local and global level. Drivers, restraints, challenges and opportunities of the PVC Cling Film market in the report, makes it an investor’s guide.
For the easy understanding, segment wise analysis PVC cling film market is provided by the report. The segments are based on Type, Thickness, Sales Channel, End-Use, and Region. The report provides an in-depth analysis of the PVC Cling Film market which contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies.
To estimate the market size, the bottom-up approach has been used. Key Players in the pvc cling film market which includes market leaders, followers, and new entrants are included in the report. Data collected is a mixture of both primary and secondary research methods. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. SWOT analysis was conducted to know the strengths and weaknesses of the PVC Cling Film market whereas PORTER, PESTEL analysis was conducted to understand the potential impact of micro-economic factors on the PVC Cling Film market.
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PVC Cling Film Market Overview
Polyvinyl chloride (PVC) is originally used to make plastic wrap. It is the most commonly used component in the world. A low permeability to water vapor and oxygen of PVC aids in the preservation of freshness of food. PVC is cost-effective and highly adaptable material which accounts for around 5% of the global plastic packaging market.
PVC Cling Film Market Dynamics
PVC is difficult to recycle material. Transmission of plasticizers from PVC into food is raising concerns. Firms such as Unilever and Marks & Spencer have stopped using PVC from their packaging due to its disadvantages and accessible alternatives. PVC is banned or limited in several towns and countries across the world.
PVC recycling is expensive. Recycled PVC is preferred by the manufacturers in manufacturing sheets and films. Laws and policies that aims to reduce the use of non-biodegradable packaging may limit the market growth during the forecast period.
PVC Cling Film Market Regional Insights
North America region has the largest market share because of rising of manufacturers who focus on biodegradable cling films, rising expenditure on R&D and increasing demand from the food and beverage sector.
Almost half of the European recycling is account by the Germany and the United Kingdom. Even though 771,000 tons of PVC is recycled the small portion of 12% of PVC products are made in EU each year. In 2020, USA was the largest exporter of the polyvinyl chloride while India was the top importer of it.
PVC Cling Film Market Segmentation
- Machine Films
- Manual or Handheld Films
- Upto 10 microns
- 10 to 15 microns
- 15-20 microns
- Above 20 microns
By Sales Channel
- Direct Sales
- Indirect Sales
- Dairy Products
- Fruits & Vegetables
- Bakery & Confectionary
- Meat, Poultry, and Seafood
- Cosmetics & Healthcare Products
- Consumer Goods & Household
- Food Service Outlets
PVC Cling Film Market Key Competitors Include:
- Berry Global
- Mitsubishi Chemical Holdings Corp
- Klöckner Pentaplast Group
- Reynolds Group Holding Limited.
- Sigma Stretch Film Corp.
- Intertape Polymer Group Inc.
- Harwal Group
- POLIFILM GmbH
- Anchor Packaging Inc.
- Integrated Packaging Group
- Thong Guan Industries Berhad
- CeDo Ltd.
- Fine Vantage Limited
- Wrapex Limited
- Tronoplast Technologies Inc.
- Multi Wrap (PTY) LTD
- BENKAI Co., Ltd.
- Statpack Industries Ltd.
- Adex S.r.l.
- ITS B.V.
Key questions answered in the PVC Cling Film Market are:
- What is PVC Cling Film?
- What is the forecast period for the PVC Cling Film Market?
- What is the nature of competition in PVC Cling Film industry in developed and developing economies?
- What are the segments covered in the PVC Cling Film Market report?
- Who are the key players in the PVC Cling Film Market?
- What are the opportunities for new market entrants?
- Who are the market leaders in PVC Cling Film industry in Europe
- Who are the market leaders in PVC Cling Film industry in USA and Canada
- Who are the market leaders in PVC Cling Film Market in India, China, Japan and South Korea?
- What are the factors affecting growth in the PVC Cling Film Market?
- Who held the largest market share in PVC Cling Film Market?
- What are the factors for the growth of Asia-Pacific region in PVC Cling Film Market?
- What is expected to drive the growth of the PVC Cling Film market in the forecast period?
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- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Thickness, Sales Channel and End-Use
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading research firm, has also published the following reports:
Plastic Films and Sheets Market: Plastic Films and Sheets Market size was valued at US$ 125.3 Bn. in 2021 and the total Plastic Films & Sheets revenue is expected to grow at 4.5% from 2022 to 2029, reaching nearly US$ 178.19 Bn. Plastic films and sheets are commonly used in textile packaging, food packaging, and other particular applications such as tents and outdoor equipment.
Soft Touch Lamination Film Market: Soft Touch Lamination Film Market size was valued at US$ 2.7 Bn. in 2021 and the total revenue is expected to grow at 6.55% through 2022 to 2029, reaching nearly US$ 4.48 Bn. The printing industry’s increasing use of double-sided laminated films is likely to boost demand for soft touch lamination films in the near future. Another important aspect that is expected to boost the global market is the rising demand for one-sided lamination films in packaging applications.
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