Global Cling Film market will reach 997 million US$ by the end of 2023

Publisher: QYResearch

Published Date: 2019/5/5

Cling Film are typically consisting of a thin plastic film used as a wrap for sealing food to keep them fresh over a longer period of time. The most common cling film are PE and PVC.

According to plastic type, it can be classified as PE cling film, PVC cling film, PVDC Cling Film and so on.

PVC cling film are the most commonly one in the cling film market. In 2017, 63.6% cling film are PVC cling film. However, PE cling film type also has attracted market due to its distinctive characteristics.

Global production of cling film increased from 228 in 2013 to 239 in 2017. Production of cling film mainly distributes in North America, Europe and Asia-Pacific. The total three regions contribute 92% output globally.

The raw material used to make cling film are PE, PVC, PVDC and PMP. The price will vary according to the proportion of fiber and matrix.

We tend to believe this industry is a promising industry. However, impacted by the increasing demand and technology restriction, it is estimated that the cling film industry will face more uncertainties. Market participants estimate that global market of cling film will be worthy of 267 K MT in 2023, with the CAGR of 2.3% during the period of 2017 to 2023.

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