Market Overview:
The global plastic wrap market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food service and food processing applications, and the growing trend of using plastic wraps for retail applications. In terms of type, PE is expected to dominate the market during the forecast period, followed by PVC and PVDC. In terms of application, food service is expected to be the fastest-growing segment during the forecast period. North America dominates the global plastic wrap market with a share of more than 30%, followed by Europe and Asia Pacific.
Product Definition:
A thin, transparent plastic film used to wrap food. It is important for keeping food fresh and preventing it from drying out or becoming contaminated.
PE:
Polyethylene is a widely used polymer in the plastic wrap market. It is a tough, durable, and soft material that can be recycled and reused. This makes it an ideal choice for use in various applications such as food packaging, consumer goods packaging among others.
PVC:
Polyvinyl Chloride or PVC is a thermoplastic polymer with the formula (CH2)nCl. It has a very high degree of stiffness, excellent chemical & temperature resistance and good flexibility. All these properties make it suitable for various applications in packaging, construction and electrical industries.
Application Insights:
The retail application dominated the global plastic wrap market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth on account of increasing consumer spending at retail stores across the globe. Plastic wraps are used for packaging various food products such as fruits, vegetables, confectionery items and snacks among others which are sold through convenience stores and supermarkets at a reasonable price to consumers.
Plastic wraps help in keeping foods fresh for a longer period of time by preventing direct contact with other foods or liquids inside a grocery bag or container thereby avoiding contamination from one item to another during transportation or storage facilities.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of plastic production owing to cheap labor costs, which has resulted in manufacturers shifting their plants from developed countries such as U.S., Germany, Japan, and China to developing economies including India, Thailand, Vietnam among others.
The growing population coupled with rising disposable income levels is anticipated to boost demand for packaged food products across Asia Pacific especially in emerging markets of India and China over the forecast period. This will result into an increased demand for plastic wrap application in packaging needs thereby driving industry growth across this region during the projected time frame.
Growth Factors:
- Increasing demand from food and beverage industry
- Rising disposable income of consumers in developing countries
- Proliferation of convenience stores and supermarkets
- Growing popularity of take-away food services
- Technological advancements in packaging materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Wrap Market Research Report
By Type
PE, PVC, PVDC
By Application
Retail, Food Service, Food Processing, Others
By Companies
3M, FlexoTech, Sonoco, Paragon Films, Plastic Film Corporation, Polywrap, NAN YA, Wiman Corporation, American Manufacture Company, AVPack Plastic, Stretch Tite, Norflex, FlexoTech, Linear Plastics and Packaging, Shrinkpackaging
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Wrap Market Report Segments:
The global Plastic Wrap market is segmented on the basis of:
Types
PE, PVC, PVDC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Food Service, Food Processing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- FlexoTech
- Sonoco
- Paragon Films
- Plastic Film Corporation
- Polywrap
- NAN YA
- Wiman Corporation
- American Manufacture Company
- AVPack Plastic
- Stretch Tite
- Norflex
- FlexoTech
- Linear Plastics and Packaging
- Shrinkpackaging
Highlights of The Plastic Wrap Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PE
- PVC
- PVDC
- By Application:
- Retail
- Food Service
- Food Processing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Wrap Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic wrap is a type of plastic sheeting that is used to cover food. It can be used as a barrier between the food and air, or it can be heat-sealed around the food to keep it fresh.
Some of the major players in the plastic wrap market are 3M, FlexoTech, Sonoco, Paragon Films, Plastic Film Corporation, Polywrap, NAN YA, Wiman Corporation, American Manufacture Company, AVPack Plastic, Stretch Tite, Norflex, FlexoTech, Linear Plastics and Packaging, Shrinkpackaging.
The plastic wrap market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Wrap Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plastic Wrap Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic Wrap Market - Supply Chain
4.5. Global Plastic Wrap Market Forecast
4.5.1. Plastic Wrap Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic Wrap Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plastic Wrap Market Absolute $ Opportunity
5. Global Plastic Wrap Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plastic Wrap Market Size and Volume Forecast by Type
5.3.1. PE
5.3.2. PVC
5.3.3. PVDC
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plastic Wrap Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plastic Wrap Market Size and Volume Forecast by Application
6.3.1. Retail
6.3.2. Food Service
6.3.3. Food Processing
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plastic Wrap Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plastic Wrap Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plastic Wrap Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plastic Wrap Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plastic Wrap Demand Share Forecast, 2019-2026
9. North America Plastic Wrap Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plastic Wrap Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plastic Wrap Market Size and Volume Forecast by Application
9.4.1. Retail
9.4.2. Food Service
9.4.3. Food Processing
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plastic Wrap Market Size and Volume Forecast by Type
9.7.1. PE
9.7.2. PVC
9.7.3. PVDC
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plastic Wrap Demand Share Forecast, 2019-2026
10. Latin America Plastic Wrap Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plastic Wrap Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plastic Wrap Market Size and Volume Forecast by Application
10.4.1. Retail
10.4.2. Food Service
10.4.3. Food Processing
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plastic Wrap Market Size and Volume Forecast by Type
10.7.1. PE
10.7.2. PVC
10.7.3. PVDC
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plastic Wrap Demand Share Forecast, 2019-2026
11. Europe Plastic Wrap Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plastic Wrap Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plastic Wrap Market Size and Volume Forecast by Application
11.4.1. Retail
11.4.2. Food Service
11.4.3. Food Processing
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plastic Wrap Market Size and Volume Forecast by Type
11.7.1. PE
11.7.2. PVC
11.7.3. PVDC
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By ountry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plastic Wrap Demand Share, 2019-2026
12. Asia Pacific Plastic Wrap Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plastic Wrap Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plastic Wrap Market Size and Volume Forecast by Application
12.4.1. Retail
12.4.2. Food Service
12.4.3. Food Processing
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plastic Wrap Market Size and Volume Forecast by Type
12.7.1. PE
12.7.2. PVC
12.7.3. PVDC
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plastic Wrap Demand Share, 2019-2026
13. Middle East & Africa Plastic Wrap Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plastic Wrap Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plastic Wrap Market Size and Volume Forecast by Application
13.4.1. Retail
13.4.2. Food Service
13.4.3. Food Processing
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plastic Wrap Market Size and Volume Forecast by Type
13.7.1. PE
13.7.2. PVC
13.7.3. PVDC
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plastic Wrap Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plastic Wrap Market: Market Share Analysis
14.2. Plastic Wrap Distributors and Customers
14.3. Plastic Wrap Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. FlexoTech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sonoco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Paragon Films
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Plastic Film Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Polywrap
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NAN YA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wiman Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. American Manufacture Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AVPack Plastic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Stretch Tite
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Norflex
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. FlexoTech
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Linear Plastics and Packaging
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shrinkpackaging
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
