PVC Segment to Dominate North America Cling Film Market during 2019–2027
According to The Insight Partners market research study on “North America Cling Film Market Forecast to 2027 – COVID-19 Impact and Analysis – By Material Type (Polyethylene, Biaxially Oriented Polypropylene, PVC, PVDC, and Others), Form (Cast Cling Film and Blow Cling Film), Thickness (Upto 9 Microns, 9-12 Microns, and Above 12 Microns), and End-User Industry (Food Industry, Healthcare, Consumer Goods, and Industrial),” is expected to reach US$ 607.43 million by 2027 from US$ 374.84 million in 2018 and is expected to grow at a CAGR of 5.5% from 2019 to 2027. The report provides trends prevailing in the North America Cling Film Market along with the drivers and restraints pertaining to the market growth. An increase in the demand for packaged and ready to eat food is the primary factor driving the North America Cling Film Market. However, strict regulatory restrictions and environmental concerns relating to cling films may hinder cling films' growth in North America. Besides, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In North America region, the US has the highest number of confirmed coronavirus cases than Canada and Mexico. This is expected to impact the chemical and materials industry in the region. Due to the COVID-19 outbreak, the supply chain is expected to get affected and may negatively impact the North America Cling Film Market.
The North America Cling Film Market is segmented into material type, form, thickness, and end-user industry. Based on material type, the North America Cling Film Market is categorized into polyethylene, biaxially oriented polypropylene, PVC, PVDC, and others. In 2018, the PVC segment dominated the market. The North America Cling Film Market based on form has been segmented cast cling film and blow cling film. The North America Cling Film Market was dominated by the cast cling film segment. On the basis of thickness, the North America Cling Film Market is segmented into Up to 9 Microns, 9-12 Microns, and Above 12 Microns. The 9-12 microns segment held a substantial share during the forecast period. Based on end-user industry, the North America Cling Film Market is segmented into food industry, healthcare, consumer goods, and industrial. The consumer goods segment is the fastest-growing segment with the highest CAGR during the forecast period.
Anchor Packaging LLC, Berry Global Inc., DowDupont, Harwal Group, and Intertape Polymer Group are among the leading companies in the North America Cling Film Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Berry Global announced investment to increase production capacity of Ultra High Performance (UHP) Machine and Hand Stretch Films. This investment is allocated for the new lines and upgrades to existing assets in nine of the Company’s North American locations which currently manufacture cling stretch film.
The Report Segments The North America Cling Film Market As Follows:
North America Cling Film Market, by Material Type
- Polyethylene
- Biaxially Oriented Polypropylene
- PVC
- PVDC
- Others
North America Cling Film Market, by Form
- Cast Cling Film
- Blow Cling Film
North America Cling Film Market, by Thickness
- Upto 9 Microns
- 9-12 Microns
- Above 12 Microns
North America Cling Film Market, by End-User Industry
- Food Industry
- Healthcare
- Consumer Goods
- Industrial
North America Cling Film Market, by Country
- US
- Canada
- Mexico
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