Global Food Wrap Films Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Food Wrap Films Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global food wrap films market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food wrap films market report has been segmented on the basis of material type, end user, and region.
Food wrap films are the form of protective covering that are used to wrap food products in order protect them from contamination, keep food fresh, and enhance the shelf life of the food. It is used for short-term preservation of prepared food. Food wrap films are used to package confectioneries such as chocolate and to wrap processed food such as meat & sea-food in order to keep them fresh for an extended period. Food warp films helps in maintaining the benefits of food processing and enables food to travel safely over long distances.
Key factors expected to drive growth of the global food wrap films market is increasing demand for on-the-go food. In addition, rising disposable income, growing population, growing food and beverage expenditure are among some other factors expected to drive growth of the global food wrap films market. Furthermore, increasing demand for flavoring range of food and beverage products, rising consumption of food products, and easy availability of food wrap films are among some other factors expected to increasing demand for target market over the forecast period. However, high cost as compared to other packing material is expected to hamper the growth of the global food wrap film market over the forecast period to certain extent. In addition, environmental concerns associated with the harmful effects of conventional plastic materials which are not biodegradable and is a potential threat to the environment is another factor expected to hamper the growth of the target market to a certain extent.
Major manufacturers are focus on production of various food wrap products, due to changing consumer preference towards healthy and hygienic food and beverages products. Established players in the global food wrap films market are collaborating with other local players, in order to enhance their product offering as well are expand their geographical footprint. These are the trend observed in the target market, currently. For instance, in September 2011, Reynolds Group Holdings Limited acquired Graham Packaging Company Inc., which is the US-based company in order to enhance their product offering as well as expand global footprint.
The market in North America is expected to dominate the global food wrap films market, owing to increasing demand for ready-to-go food and beverages products in countries in the region. In contrast, the market in Asia Pacific is expected to be an emerging market for the global food wrap films market, and is expected to register highest CAGR in during the forecasted period. This is attributed to increasing consumer health concerns coupled with rising disposable income in the region. Moreover, the markets in Europe, Latin America and Middle East & Africa are expected to register moderate growth revenue over the forecast period.
GLOBAL FOOD WRAP FILMS MARKET SEGMENTATION:
Segmentation by material type:
Segmentation by end use:
- Food Service
- Food Processing
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Reynolds Group Holding Limited
- Mondi Group
- Mitsubishi Chemical Holdings Limited
- Amcor Limited
- United Company RUSAL Plc
- Hindalco Industries Limited
- Berry Global, Inc.
- Georgia-Pacific LLC
- Huhtamaki Oyj
- Thong Guan Industries Berhad
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