PVC Cling Films Market
PVC Cling Films Market (Product Type - Machine Films, Manual or Handheld Films; Thickness - Up to 10microns, 10-15 microns, 15-20 microns, Above 20 microns; Sales Channel - Direct Sales, Indirect Sales; End Use - Dairy Products, Fruits & Vegetables, Bakery & Confectionary, Meat, Poultry, & Seafood, Cosmetics & Healthcare Products, Consumer Goods & Household, Food Service Outlets, Other Industrial Uses) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
- Category : Packaging
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Press Release :
PVC Cling Films Market Analysis: Fruits and Vegetables Account for over 25% Value Share through 2027
The global PVC cling films market was valued at US$ 659.5 Million in 2018 and is projected to expand at a CAGR of 4.5%, during the forecast period.
PVC cling films are thin polyvinyl films used for packaging of food items to keep them fresh for a longer period of time. PVC cling films are sold in the form of rolls in the market. PVC cling films remain tight over the opening of a container without an adhesive. PVC cling films are easy to handle as well as microwave safe. These films contain no plasticizers so they can be reheated and are therefore environment-friendly. PVC cling films, although thin, are highly durable and solid. Durability an important feature of PVC cling films. If the item is dropped, jostled, moved, or tampered in any way, the PVC cling films would still hold up and protect the item.
PVC cling films are cost-effective as compared to other materials like aluminum wraps & foils. These also help to save space by keeping the items organized by consolidating them together. PVC cling films offer flexible packaging solutions, aimed to boost the shelf-life of the product. PVC cling films prevent spoilage in packaged fresh produce products such as meat, fish, and fruits & vegetables. PVC cling films are resistant to oxygen and moisture. Therefore, PVC cling films are widely used in various end-use applications such as packaging of cheese, biscuits, meat and fish, and other products. Various international and local food service outlets use PVC cling films in bulk. Hence, the PVC cling films market is estimated to have a healthy CAGR during the forecast period.
Growing Preference for Ready-to-Eat Meals Is Escalating the Demand for PVC Cling Films
The global PVC cling films market has witnessed strong growth in the past few years owing to the increasing consumer inclination towards ready-made and convenient food products, primarily due to busier lifestyles. The growing demand for PVC cling films will create immense opportunities for packaging manufacturers to grow along with the market. Food companies are looking for packaging manufacturers who are able to offer high-quality and efficient packaging solutions at cheaper costs. This need is fulfilled by PVC cling films. The aforementioned factors are likely to drive the PVC cling films market across the globe. However, aluminum wraps can act as an obstacle in the growth of the PVC cling films market.
Global PVC Cling Films Market: Taxonomy
The global PVC cling films market has been segmented on the basis of product type, thickness, sales channel, end use, and region.
On the basis of thickness, the PVC cling films market study includes up to 10 microns, 10 to 15 microns, 15 to 20 microns, and above 20 microns segments. Of these, PVC cling films of thickness 10 to 15 microns account for the major share of the global PVC cling films market.
The product type considered in the PVC cling films market study includes machine and manual PVC cling films. Of these, the machine PVC cling films segment accounts for the major share of the global PVC cling films market as machine films provide a higher output as compared to manual or handheld films.
On the basis of sales channel, the PVC cling films market has been segmented into two main categories that are direct sales and indirect sales. Of these, the indirect sales segment will grow at a healthy CAGR in the global PVC cling films market.
On the basis of end use, the global PVC cling films market has been segmented into eight segments that are dairy products, fruits and vegetables, bakery & confectionary, meat, poultry, and seafood, cosmetics & healthcare products, consumer goods & households, food service outlets, and other industrial uses. The fruits & vegetables segment in the global PVC cling films market is expected to heavily dominate the market during the forecast period.
Global PVC Cling Films Market: Competitive Landscape
The key manufacturers in the PVC cling films market profiled in this report include– Berry Global Inc., 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. and ITS B.V. Many local and unrecognized players are expected to contribute to the global PVC cling films market during 2018-27.
Global PVC Cling Films Market: Key Developments
Key players in the PVC cling films market are looking forward to expansion through inorganic & organic methods such as mergers & acquisitions, expansions, product launches, etc. For instance,
- In 2018, Berry Global acquired Clopay Plastic Products Company, which is a global supplier of printed breathable films located in the United States.
- In 2017, POLIFILM GmbH completed the acquisition of the manufacturing plant of Mondi Osterburken and also acquired WMS-Folien GmbH in order to continue its path towards growth and innovation.
- In 2017, Thong Guan Industries, Berhad decided to invest US$ 8.6Mn in expanding the capacity of its Sungani Petani plant, which manufactures PVC cling films and stretch films, to increase the capacity from 65,000 tons to 75,000 tons.
In this report, Transparency Market Research offers a 9-year forecast of the global PVC cling films market between 2018 and 2027. In terms of value, the global PVC cling films market is expected to expand at a CAGR of 4.5% during the forecast period. The study reveals PVC cling films market dynamics in five geographic segments along with a market analysis for the current market environment and future scenario over the forecast period.
PVC Cling Films Market: Report Description
This TMR report studies the global PVC cling films market for the period 2018–2027. The prime objective of this report is to offer insights and key market trends pertaining to the global PVC cling films market that gradually help transform global businesses.
The PVC cling films market numbers have been assessed by carefully scrutinizing the production of PVC cling films, in all five key regions for the current year, as well as the historical performance of the PVC cling films market. Market size and forecast for each segment in the PVC cling films market have been provided in the context of regional markets. All the segmentation for PVC cling films has been considered after appropriate secondary research and revalidation of the data obtained through interviews with key thought leaders in the industry. The PVC cling films market has been forecast based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study on the PVC cling films market. Secondary sources for data on PVC cling films trade include Factiva as well as company annual reports & publications. Detailed trade data has been provided to assess the global PVC cling films market production scenario.
The global PVC cling films market report begins with an executive summary intended to give a clear perspective about the market to the reader. It is then followed by a thorough definition of PVC cling films and the market segmentation describing the scope of the study. This is to outline the significance of PVC cling films as a product, and the impact of their market growth on the industry.
The Porter’s Analysis section ensures a thorough understanding of the level of competition in the PVC cling films market. Porter’s Analysis for the global PVC cling films market has been covered for bargaining power of suppliers and buyers, threat of substitutes and new entrants, and the intensity of competition. This is followed by market dynamics and an overview of the global PVC cling films market, which includes TMR analysis of market drivers, restraints, trends, and opportunities that are affecting the growth of the PVC cling films market.
On the basis of thickness, the PVC cling films market study includes up to 10 microns, 10 to 15 microns, 15 to 20 microns, and above 20 microns segments. Of these, PVC cling films of thickness 10 to 15 microns account for a major share of the global PVC cling films market.
The product types considered in the PVC cling films market study include machine and manual PVC cling films. Of these, the machines PVC cling films segment accounts for the major share of the global PVC cling films market as machine films provide higher output as compared to manual or handheld films.
On the basis of the sales channel, the PVC cling films market has been segmented into two main categories- direct sales and indirect sales. Of these, the indirect sales segment will grow at a healthy CAGR in the global PVC cling films market.
On the basis of end-use, the global PVC cling films market has been segmented into eight segments that are dairy products, fruits and vegetables, bakery & confectionary, meat, poultry, and seafood, cosmetics & healthcare products, consumer goods & household, food service outlets, and other industrial uses. The fruits & vegetables segment in the global PVC cling films market is expected to heavily dominate the market during the forecast period.
The next section of the report highlights the PVC cling films market by region and provides the market outlook for 2018–2027. The report evaluates the present scenario and growth prospects of the regional PVC cling films market for 2018–2027. The next section of the report highlights the PVC cling films market by region and provides the market outlook for 2018–2028. The study investigates the regional year-on-year (Y-o-Y) growth of the PVC cling films market. The key regions assessed in this report include North America, Latin America, Europe, Asia-Pacific (APAC), and the Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional PVC cling films market for 2018–2028.
To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers of PVC cling films and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value across the PVC cling films market. In order to provide an accurate forecast, we started by sizing up the current market, which formed the basis of how the PVC cling films market is expected to develop in the future. To understand the key growth segments in terms of growth and adoption of PVC cling films globally, in the final section of the report, a ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution to the total PVC cling films market. Moreover, it is primarily designed to provide clients an objective and exhaustive list of manufacturers in the PVC cling films market. Detailed comparative assessment of key providers specific to a segment in the PVC cling films market is also included. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors in the PVC cling films market.
The key manufacturers in the PVC cling films market profiled in this report include– Berry Global Inc., 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., and ITS B.V.
Key Segments Covered in the PVC Cling Films Market
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