Cling films are the plastic coatings found in the food packaging. Cling films has globally transformed the packaging in food and beverages market, owing to the increasing need for innovative packaging solutions in the food & beverage industry. Cling films are the soft plastic wraps of polyvinylidene chloride (PVC). Cling film coating is preferred as it majorly contributes to the health and hygiene of the food article, also preventing it from contaminants and preserving it. Furthermore, the cling films are considered as a cost effective way for food presentation. The global cling films market is expected to register a healthy growth rate during the forecast period.
The PVC Cling Film market can be divided into Dairy products, Meat, Fruits and vegetables, Bakery & confectionary, Poultry and others according to application among which Meat accounted for the largest market share. In 2019, Meat accounted for 32.47% of the market share, followed by Fruits and vegetables.
PVC cling film can usually be divided into cast cling film and blow moulded cling film.In the production of cast film, the resin is extruded through a linear die and bleeds out onto large diameter cooling rolls. Depending on the original thickness of the extrusion, the resulting film is sometimes wound faster than the extrusion rate and the film thins to the target specification. The production cost of cast film is much lower than that of blown film and the productivity per man hour is higher than that of cast film. Cast cling film adheres naturally to the sides, allowing the trays to stick together. These films are very transparent and easily stretchable, even when applied to the tray, which can cause movement. The superior benefits of cast cling films are excellent load retention, high film puncture resistance and tear resistance. They offer significant performance and cost savings, which makes them suitable for a variety of applications such as food packaging, healthcare packaging and consumer goods packaging, thereby increasing the demand for cast cling films over the forecast period. The blown cling film is manufactured using blow extrusion process (Blow Process). It is tougher and more resilient than cast cling film. It can take higher loads as compared to cast cling film. But blown cling film has poor clarity and is more expensive than cast cling film.
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PVC Cling Film Market Analysis
According to our research, the PVC Cling Film market has a total revenue of 755.5MUSD back in 2015, and increased to 864.6MUSD in 2019. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of PVC Cling Film markets can be 977.9 MUSD by 2025. PVC Cling Film industry concentrate rate is moderate. The top three companies are Signify, LEDVANCE, TUNGSRAM Group with the revenue market share of 10.82%, 9.93%, 8.59% in 2019.
North America is the largest revenue market with a market share of 27.07% in 2015 and 26.07% in 2019, a decrease of 1%. 2019, Europe has the second largest market share at 25.13%. Growing economy, increasing downstream demand and technological innovation advancements in these areas will boost the PVC cling film market.
Asia Pacific is likely to see the highest growth in demand for cling film, as their use in food packaging is increasing in emerging economies, including China, India and Indonesia. In terms of cling film demand, China is likely to lead the Asia Pacific region. With the growing trend of packaged foods, the demand for cling film in the country has increased significantly. They are mainly used for the packaging of fruits, vegetables, sandwiches and raw meat, as the films help to preserve food and protect against contaminants. The demand for cling film is also witnessing rapid growth in the healthcare sector. With increased investment in healthcare, the cling film market in the country is likely to benefit in the coming years. Hence, considering the above factors, Asia Pacific is likely to witness the highest growth rate during the forecast period.
The growth of the PVC Cling Film market is driven by the downstream demand market. As the Europe economy develops, growing market demand plays an active role in the expansion of the PVC Cling Film market. Higher product quality and more affordable products will be one of the growth opportunities in this market in the future. At the same time, competition in new regions may become more intense. This may become a factor hindering market growth.
Influence of COVID-19 Outbreak on PVC Cling Film Industry Development
During the epidemic, the governments of many countries promulgated the "Stay at home" order. People cannot travel freely. Therefore, they need to stock up a lot of food at home. The demand for ready-to-eat food has risen, and the requirement for food preservation time is higher. Therefore, the demand for PVC cling film is also rising. Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal. Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal. The epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized enterprises in the market will shrink and the share of head enterprises will increase.
The epidemic will promote automated production in the industry, enabling manufacturers to hire more high-tech talents and multi-skilled compound workers, reduce dependence on labor, and better respond to labor fluctuations. At the same time, more and more attention will be paid to the intelligentization of logistics and the enhancement of the anti-risk ability of the supply chain.
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