Report : Asia Pacific Cling Film Market Forecast to 2027 - COVID-19 Impact and Regional 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)
According to a new market research study on “Asia Pacific 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$ 428.22 million by 2027 from US$ 254.72 million in 2018 and is expected to grow at a CAGR of 6.0% from 2019 to 2027. The report provides trends prevailing in the Asia Pacific Cling Film Market along with the drivers and restraints pertaining to the market growth. Durability and cost effectiveness of cling films is the primary factor driving the Asia Pacific Cling Film Market. However, strict regulatory restrictions and environmental concerns relating to cling films may hinder cling films' growth in Asia Pacific. Besides, The COVID-19 outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns imposed by governments. Chemical and material is one of the significant sectors suffering severe disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. India has the highest number of COVID-19 confirmed cases in Asia Pacific. The supply chain is disrupted due to the pandemic, which is hindering the country's chemical and material industry. Besides, the restrictions on overall manufacturing processes, research, and development activities are also restraining the growth of the Asia Pacific Cling Film Market.
The Asia Pacific Cling Film Market is segmented into material type, form, thickness, and end-user industry. Based on material type, the Asia Pacific Cling Film Market is categorized into polyethylene, biaxially oriented polypropylene, PVC, PVDC, and others. In 2018, the PVC segment dominated the market. The Asia Pacific Cling Film Market based on form has been segmented cast cling film and blow cling film. The Asia Pacific Cling Film Market was dominated by the cast cling film segment. On the basis of thickness, the Asia Pacific 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 Asia Pacific 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., Harwal Group, and Intertape Polymer Group are among the leading companies in the Asia Pacific 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.
The Report Segments The Asia Pacific Cling Film Market As Follows
Asia Pacific Cling Film Market, by Material Type
- Polyethylene
- Biaxially Oriented Polypropylene
- PVC
- PVDC
- Others
Asia Pacific Cling Film Market, by Form
- Cast Cling Film
- Blow Cling Film
Asia Pacific Cling Film Market, by Thickness
- Upto 9 Microns
- 9-12 Microns
- Above 12 Microns
Asia Pacific Cling Film Market, by End-User Industry
- Food Industry
- Healthcare
- Consumer Goods
- Industrial
Asia Pacific Cling Film Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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