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Cling Wrap Market Overview
COVID-19 Impact
In the year 2020, the Covid-19 pandemic impacted the supply chain, which resulted in the shortage of raw materials for the manufacturing of cling wrap. The imports and exports of low-density polyethylene, polyethylene in primary forms, polyvinyl chloride, and other materials declined in 2021, owing to the Covid-19 related regulations. For instance, according to the International Trade Centre (ITC), total global exports of polyethylene with a specific gravity of < 0.94, in primary forms in 2019 were US$ 23,767.4 million, and in 2020 it was US$ 21,779.8 million, a 9.1 percent decrease. Likewise, total global exports of polyethylene with a specific gravity of < 0.94 in 2019 were US$ 25,784.9 million, and in 2020 it was US$ 22,863.7 million, a 12.8 percent decrease. Hence, such a decline in the raw materials supply chain negatively impacted the cling wrap market. However, in the year 2021, production activities were boosted across the countries to foster economic growth the countries, which resulted in the growth of the market. Also, it is projected that the Covid-19 pandemic will end by the end of 2022, which will result in cling wrap industry situations before the Covid-19 pandemic.
Report Coverage
The report: "Cling Wrap Market–Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cling Wrap Market.
By Material: Thermosetting Materials (Polyurethane (PU), Polycyanurates, and Others), Thermoplastic Materials (Polyethylene Terephthalate (PET), Low-Density Polyethylene (LDPE), Acrylonitrile Butadiene Styrene (ABS), Ethylene-Vinyl Acetate (EVA), Acrylic, Polyvinyl Chloride (PVC), Polycarbonate (PC), Biaxially Oriented Polypropylene (BOPP), Polyethylene (PE), and Others), and Bio-Based.
By Method: Blow Film, Cast Film, Hand-Wrap, Pre-Stretch Films, Machine Wrap, and Others
By Application: Food Wrap, Industrial Wrap, Protective Wrap, and Others
By End-Use Industry: Food and Beverage (Fruits and Vegetables, Poultry, Infant Nutrition, Dairy, Bakery, Confectionary, Fats and Oils, Toppings, Alcoholic Drinks, Non-Alcoholic Drinks, and Others), Medical and Healthcare (Pharmaceuticals and Medical Device), Automotive (Passenger Car, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV)), Building and Construction (Residential, Commercial, Industrial, and Infrastructure), Consumer Goods (Washing Machine, Refrigerator, Computer, and Others), Industrial (Textile, Metallurgy, Rubber, Pulp and Paper, and Others), and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa))
Key Takeaways
- Asia-Pacific region dominated the cling wrap market, owing to the growing food processing industry in the region. For instance, according to Invest India, India’s food processing industry has grown at an annual growth rate of 11.18% from 2016 to 2020.
- Factors such as product protection for an extended time, as well as rising customer demand for high-quality and flexible packaging products such as food and beverage, cosmetics, electronics, and others, are fueling market expansion.
- Moreover, the surging adoption of bio-based cling wrap for sustainable packaging is expected to drive the cling wrap market growth during the forecast period.
- However, the environmental concerns associated with the materials such as biaxially oriented polypropylene, polyvinyl chloride, and more used during the manufacturing of cling wrap are posing a major restrain for the market growth.
Figure: Asia-Pacific Cling Wrap Market Revenue, 2021-2027 (US$ Billion)
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Cling Wrap Market Segment Analysis – By Application
The food wrap segment held the largest share in the cling wrap market in 2021 and is forecasted to grow at a CAGR of 5.6% during the forecast period 2022-2027. Cling wraps are utilized to protect food from insects and microbiological contamination, and dust, to keep it fresh, and to reduce the risk of food waste by extending its shelf life. Consumers are increasingly adopting packaged products with a longer shelf life due to rising health consciousness and awareness about the importance of eating fresh food. For instance, according to the Associated Chamber of Commerce and Industry of India, in 2019, India's food packaging industry was valued at INR710 million (about US$10.37 million), and in 2020 it was INR730 million (about US$10.53 million), an increase of about 2.8%. Thus, the growth of the food packaging market is resulting in the growing application of food wraps, which is accelerating the market growth.
Cling Wrap Market Segment Analysis – By End-Use Industry
The food and beverage segment held the largest share in the cling wrap market in 2021 and is forecasted to grow at a CAGR of 6.1% during the forecast period 2022-2027. For the food and beverage industry, it is crucial to increase the shelf life of the products. Since wring wrap ensures superior packaging durability, it is often utilized by the food and beverage industry. The production of vegetables, fruits, bakeries, and other product products is surging because of the factors such as increasing disposable income, growing demand for fresh food, and more. For instance, according to the European Union, in 2020 the production of fruits in the European Union countries was about 36.8 million metric tons, and out of this apples and pears production was the highest at 14.3 million metric tons, which was about 38.9% of the production of the total fruit. Hence, as the production of fresh food is surging the demand for cling wrap is growing. This is propelling the cling wrap market growth.
Cling Wrap Market Segment Analysis – By Geography
Asia-Pacific region is the dominating region as it holds the largest share in the cling wrap market in 2021 up to 39%. The Asia-Pacific economy is driven by the growth of the sectors like food and beverage, personal care, and more such industries in the region. The factors such as increasing food security, increasing population, and other factors are resulting in surging production of food and beverage in the Asia-Pacific region. For instance, according to the Food and Agriculture Organization (FAO) states India and China are the main producers of vegetables and fruits in terms of volume. In 2019, China produced 588.26 million metric tons of fresh vegetables, while India produced 132.03 million metric tons. Moreover, according to the Association of Southeast Asian Nations (ASEAN), bakery products such as cookies, biscuits, and more are the largest segment within the food and beverages category of Thailand. It was valued at US$8.9 billion in 2020, the market is expected to register a growth of 1.2% annually until 2025. Therefore, the growing food & beverage industry of the Asia-Pacific region is fueling the demand for cling wrap, which in turn is boosting the market growth.
Cling Wrap Market Drivers
Increasing Adoption of Bio-Based Products
The research and development related to bio-based products are increasing due to their being highly environmentally sustainable. In addition to this, the benefit of a less resource-intensive production process and making better use of all-natural resources makes them ideal for application in the mass production of cling wrap. Hence, the demand for bio-based cling wrap is surging, this is encouraging cling wrap manufacturers to launch bio-based cling wrap products. For instance, in August 2021, Compostic, a home-compostable plastic alternative manufacturer based in New Zealand, launched Home-Compostable Cling Wrap products in the United States. In July 2020, Dow and Thong Guan launched sustainable plastic stretch cling films derived from renewable feedstock in the Asia Pacific region. Hence, the surging adoption of bio-based products is resulting in its growing application in cling wraps, which is further benefiting the cling wrap market growth.
Expanding Bakery Industry
Bakery products such as cookies, dry baked products, and more need tight sealed food packaging to keep the packed bakery products fresh. Cling wraps tightly wrapped from the bottom to the top effectively seals out air that stales baked products, unwanted moisture that promotes mold growth, and other noxious aromas that may be floating around your fridge. Thus, making cling wraps ideal for bakery products. The factors such as increasing consumer preference for convenience food, nutritional values, and more are resulting in the surging bakery industry. For instance, according to the China Chain Store Association, the bakery and dessert franchises are growing in China. In the year 2019, in tier 1 and 2 cities of China bakery and dessert shop franchises grow by 95% and in tier 3 and 4 cities in China, it was 43%. Also, according to the Federation of Bakers Ltd, in the year 2020, the U.K morning and snacks bakery production was 1.09 billion, and in 2021 it was 1.18 billion units, an increase of 7.6%. Therefore, the expanding bakery industry is resulting in the surging demand for wraps to maintain the packed food freshness, this is driving the cling wrap market growth.
Cling Wrap Market Challenges
Environment Concerns Regarding Material Use
The materials such as polyvinylidene chloride, low-density polyethylene, and more have advantages of higher wrap durability, owing to this the shelf life of cling wrap enhances. However, as a result of mass production related to plastic-based cling wrap, plastic landfills are expanding. According to UN Environment, just 9% of plastic is recycled, with the remainder ending up in landfills, dumps, and the natural environment. Governments have established norms and procedures for wrap recycling, which is impacting the cling wrap. For example, the Devolved Administrations, and the UK government are both committed to environmental conservation and have shown a strong desire to adopt extended producer responsibility for the packaging, which would oblige producers to cover the whole cost of disposing of the rubbish they make. All of these factors are creating a significant impediment to the cling wrap market's expansion.
Cling Wrap Industry Outlook
Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the cling wrap market. cling wrap top 10 companies are:
- 3M
- ADEX S.r.l.
- Alliance Plastics
- All American Poly
- Amcor PLC
- Anchor Packaging
- Berry Global Inc.
- Deriblok S.P.A.
- HIPAC S.P.A.
- Inteplast Group
Recent Developments
- In January 2022, an Italian packaging films manufacturer launched the sustainable Compostable Cling Film also known as Cling Wrap. Such product launches are benefiting the market growth.
- In August 2021, Compostic, a New Zealand-based certified home-compostable plastic alternative manufacturer, launched Home-Compostable Cling Wrap in the United States.
- In March 2021, Bacofoil, a packaging product producer based in the United Kingdom, launched greener cling film (also known by the name cling wrap).
Relevant Reports
Report Code: CMR 93442
Report Code: CMR 21991
Report Code: CMR 0174
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global Cling Wrap Market, by Type Market 2023-2030 ($M)2.Global Cling Wrap Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Cling Wrap Market, by Type Market 2023-2030 (Volume/Units)
4.Global Cling Wrap Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Cling Wrap Market, by Type Market 2023-2030 ($M)
6.North America Cling Wrap Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Cling Wrap Market, by Type Market 2023-2030 ($M)
8.South America Cling Wrap Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Cling Wrap Market, by Type Market 2023-2030 ($M)
10.Europe Cling Wrap Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Cling Wrap Market, by Type Market 2023-2030 ($M)
12.APAC Cling Wrap Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Cling Wrap Market, by Type Market 2023-2030 ($M)
14.MENA Cling Wrap Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)