PVC Cling Film Market growth outlook with industry review and forecast 2019-2025

PVC Cling Film Market Growth Outlook with Industry
Review and Forecast 2019-2025: Global Market Insights, Inc.
Global Market Insights, Inc. has recently added a report on PVC Cling Film Market which
provides a succinct analysis of the market size, revenue forecast, and the regional landscape
of this industry.
The report also highlights the major challenges and current growth strategies adopted by
the prominent companies that are a part of the dynamic competitive spectrum of this
business sphere.
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.
Since they manifest superior qualities such as chemical resistance, reliability, durability, light
weight and ability to sustain physical damage, they are widely used by meat, poultry and
seafood processing industry for packaging and handling. Growing consumer demand for
cling films for household purpose and growing demand for packaged food in countries such
as China, India and Mexico shall drive the PVC cling film market size over the forecast
timespan.
Market research reports: Key analytical components
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Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/pvc-clingfilm-market
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 films
market during the forecast timespan.
North America PVC cling films 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.
Some of the key manufacturers of PVC cling films 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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