Food
packaging plays an important role in keeping the food quality
safe while handling and transportation. Food wrapping film is one of
the most commonly available and preferred solution for food
packaging. It is referred to by various names, such as saran wrap,
plastic film and cling film. These films are mostly used to seal food
items inside the container, in order to keep them fresh for a longer
period. It protects the food products from contamination caused by
microorganisms, air, and moisture, and helps prevent food spilling
and leakage.
The Dow Chemicals
developed the first plastic wrap in 1933 and the company
commercialized the product as ‘saran plastic wrap’ in 1949.
Initially, food wrap films were made of polyvinyl chloride; however,
now, there are number of alternative materials available for the
manufacturing of this film. Currently, majority of the consumers are
increasingly focusing on using food wrap films, which are approved by
the government-authorized bodies such as FDA, for food contact. The
most commonly used raw materials for the production of food wrap
films are polyolefin, low-density polyethylene, polypropylene, etc.
Besides, there has been a significant rise in the usage of
biodegradable materials for food packaging. Researchers and
manufacturers, in collaboration, are trying to modify conventional
plastic and innovate new materials for ensuring and maintaining safe
and hygienic food packaging practices. Food wrap films made out of
these new materials are ideal for direct food contact, in view of
their various beneficial features, such as they offer resistance to
external environment, are suited for freezer and cold storage use,
are smoke and odor free, and are also durable.
Evolving life style
of consumers, increasing health and environmental awareness, and
supportive environmental policies implemented by various governments
across the globe are the major factors responsible for the increasing
global demand for food wrap films and, thereby, their market growth.
Owing to its value added applications, right from protection of food
products to their safe distribution and transportation, the market
for food wrap films is expected to witness new investments and growth
opportunities, especially in the developing countries. Besides, the
food wrap films market is expected to continue to grow steadily in
developed nations, wherein consumers need the product regularly for
garbage storage and handling. The main growth drivers for the market
are private consumers, retailers, and local packaging firms, which
are focusing more on delivering the product in the local market.
However, presence of
big and small retailers and increasing consumer preference for using
cheap local products has created a highly competitive environment for
big brands in the food wrap films market.
The global food wrap
film market is segmented based on material type, product type and end
user. By material, the global food wrap film market is segmented into
conventional plastic and biodegradable plastic. By type, the market
is segmented into shrink film, stretch film, coated film, non-coated
film, and others. By end user,the market is segmented into private
consumers and industrial consumers.
Get Free Sample
Report Copy :
By geography, the
global food wrap film market has been classified into seven key
regions, namely North America, Latin America, Eastern Europe, Western
Europe, Asia-Pacific excluding Japan, the Middle East & Africa,
and Japan. The global food wrap film market is anticipated to expand
at a double digit CAGR over the forecast period. Asia Pacific market
is expected to be the most attractive market for food wrap film
packaging due to rise in end use applications of the packaging type
in the region. As of 2016, China is the largest food wrap film market
in Asia Pacific, followed by India, and the market in these countries
is expected to grow rapidly in the near future. North America,
followed by Western Europe, are the other prominent regions projected
to hold a promising future growth potential in the food wrap film
market by the end of 2026.
Some of the Key
Players in the global food wrap
film market are US Packaging and Wrapping LCC, DM Packaging, Jhaveri
Flexo India Ltd., Specialty Polyfilms Pvt. Ltd., Xiongxian Liya
Packing Material Co., Ltd., Suzhou Innovation Packaging Materials Co.
Ltd., Ricken Technos Corp., Mpact Limited, CeDo Ltd., and PrintPac
Inc.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
About Us :
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
No comments:
Post a Comment