This Plastic Wrap Market report is a single point solutions for business to grow, evolve and mature. The real time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims.  The detailed and proprietary statistical models used by the analysts offers insights for making the right decisions in the shortest span of time. this Plastic Wrap Market report offers customized solutions by providing specific but comprehensive information to the organizations.

Data Bridge Market Research analyses that the plastic wrap market was valued at USD 10850.5 million in 2021 and is expected to reach USD 14622.73 million by 2029, registering a CAGR of 3.80 % during the forecast period of 2022 to 2029

Definition

Plastic wrap is a type of packaging that people use to store and transport items. It's usually constructed of recycled, Kraft, or parchment paper, and it goes through a variety of mechanical and chemical processes to achieve the desired weight and colour. Multiwall paper sacks, flat paper, and handled bags are some of the most common types of plastic wrap on the market. In contrast to plastic wraps, these wraps are recyclable, sturdy, lightweight, and highly customizable to meet customers' individual needs.

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Key Growth Drivers:

• Growth in packaging advancement to the end consumers

The development in packaging advancement to improve the food offering to the end customers is expected to drive growth. Plastic wrap preserves the food for contamination and from the bacteria.  

• Growing packaged product adoption

The fast increase of packaged food demand and consumption globally on account of the growing paid population in the international market is additional increasing the need for packaged products sales revenue. The various plastic films use in items such as, personal care products, sunscreen, cosmetics wrapping, dish and laundry detergents and household cleaners will drive the industry.

• Rising environmental concern worldwide

Due to the COVID-19 pandemic, the global sector has been broadly modified due to the increased use of plastic wraps. Plastics and recycled technologies would provide the companies with new growth opportunities. An increase in energy-efficient technology demand from plastic wrap producers and increasing demand from packaging firms for biodegradable plastic packaging materials are other favorable factors that will drive the plastic wrap industry.

• Consumers demand and wrapping solutions

Many estimates claim some features like sustainability, counterfeit protection, flexibility, efficiency, convenience and traceability while involving all these parameters with a minimum price. Plastic wrap is regarded a demand for new clients, and future markets must be anticipated.

The report emphasizes the participation of key entities, notably:

• PolyWrap India (India)
• AVPack Plastic Manufacturers (South Africa)
• Suzhou Yuxinhong Plastic Packaging Co., Ltd. (China)
• Coveris (UK)
• Shenzhen Chengxing Packing & Material Co.Ltd (China)
• Four Star Plastics (US)
• AMERICAN Mfg COMPANY (US)
• The Clorox Company (US)
• Polyvinyl Films, Inc (US)
• ChicWrap (US)
• ECPlaza Network Inc (China)
• Shenzhen Bull New Material Technology Co., Ltd (China)
• SHENZHEN XINTENG PACKAGING CO., LIMITED (China)
• Reynolds Consumer Products (US)
• XINJIANG RIVAL TECH CO.LTD (China)
• Berry Global Inc (US)

Major Points in the Report

• Understanding the entirety of the plastic wrap marketlandscape thoroughly.
• Exploring the leading entities in this sector, delving into their range of products and core approaches.
• Examining the prominent geographical areas where plastic wrap marketdemonstrates significant growth.
• Keeping abreast of the latest shifts and advancements within the industry.
• Identifying specific areas or markets with high potential and promising expansion opportunities.

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Key Market Segmentation

By Type (Stretch Films, Shrink Films, Metallized Films, Twist Film, Release Film, Twist Rope, Others),  Material (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Ethylene, Vinyl Alcohol Copolymer (EVOH), Ethylene-Vinyl Acetate (EVA), Nylon, Others), Feature (Moisture Proof, Water Soluble), Processing Type (Casting, Multiple Extrusion, Blow Molding, Injection Molding), Transparency (Transparent, Translucent, Opaque),  Hardness (Soft and Rigid), Distribution Channel (E-commerce, Convenience Store, Retail Stores, Supermarket/Hypermarket, Others), End-User (Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics, Chemical, Others)

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