PUBLISHER: The Insight Partners | PRODUCT CODE: 1535265
PUBLISHER: The Insight Partners | PRODUCT CODE: 1535265
The cling films market size was valued at US$ 5.48 billion in 2023 and is expected to reach US$ 8.22 billion by 2031; it is estimated to register a CAGR of 5.2% from 2023 to 2031.
Cling films is widely used in applications such as healthcare & pharmaceuticals, food, industrial, and consumer goods due to their protective and barrier properties. In healthcare settings, cling films are used for wrapping and sealing medical instruments, supplies, and devices to maintain sterility and prevent contamination. They provide an effective barrier against dust, microbes, and moisture, ensuring that medical items remain clean and safe for use. In the pharmaceutical sector, cling films are employed to package and protect numerous products, including tablets, capsules, and blister packs, safeguarding them from environmental factors such as humidity and oxygen, which can degrade the efficacy of the medications. Additionally, cling films are used in the preparation and handling of sterile products, such as in the compounding of medications, where they help maintain an aseptic environment. They also play a role in wound care, where specialized medical-grade cling films are used as dressings to cover wounds, creating a moist healing environment that promotes faster recovery while protecting the wound from infection. Moreover, cling films are utilized in the wrapping and transport of pharmaceutical ingredients, ensuring their integrity and quality from manufacturing to delivery. Their flexibility, transparency, and strong sealing capabilities make cling films an indispensable tool in maintaining the high standards of hygiene, safety, and efficacy required in the healthcare & pharmaceuticals industry.
Based on material type, the cling films market is segmented into low density polyethylene, biaxially oriented polypropylene, polyvinyl chloride, polyvinylidene chloride, and others. The low density polyethylene segment held the largest share of the market in 2023 and is expected to record the highest CAGR from 2023 to 2031. Low density polyethylene (LDPE) cling film is a versatile and widely used material in domestic and industrial applications. It is made from LDPE, a thermoplastic derived from the polymerization of ethylene, characterized by its low density and high ductility. The material exhibits excellent clarity, flexibility, and stretchability, which makes it ideal to wrap and preserve food items. The clinginess of LDPE cling film ensures a tight seal, which helps maintain the freshness and moisture content of food while preventing contamination and odor transfer. LDPE cling film is also used in packaging non-food items due to its resistance to tearing and punctures, providing a reliable protective barrier. Additionally, its relatively low melting point and ease of processing make it a cost-effective option for manufacturers.
Asia Pacific is estimated to register the fastest CAGR in the global cling films market from 2023 to 2031. The food & beverage market in Asia Pacific is witnessing growth due to the availability of various innovative varieties of processed and packaged food products and growing demand from the millennial population. The foodservice sector in Asia Pacific is rapidly expanding owing to rapid economic growth, improving lifestyles of consumers, growth of the tourism sector, and rising disposable income levels. Countries such as Singapore serve as a logistic hub and host the headquarters for several key buyers of food products in the region. This results in an increased production of food products, which propels the demand for cling films as a packaging material in the food industry.
A few players operating in the global cling films market include Berry Global Group Inc, Adex S.r.l., Anchor Packaging LLC, Cedo Ltd, The Interpublic Group of Companies Inc, MOLCO GmbH, Multiwrap, Dow Inc, POLIFILM, and Mitsubishi Chemical Group Corp. Players operating in the market focus on providing high-quality products to fulfill customer demand. Also, they are focusing on launching new and high-quality products for their customers.
The overall global cling films market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the cling films market.