Market Size of Cling Films Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 11.34 Billion |
| Market Size (2029) | USD 14.04 Billion |
| CAGR (2024 - 2029) | 4.35 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cling Films Market Analysis
The Cling Films Market size is estimated at USD 11.34 billion in 2024, and is expected to reach USD 14.04 billion by 2029, growing at a CAGR of 4.35% during the forecast period (2024-2029).
COVID-19 negatively impacted the market in 2020 due to the global lockdowns and strict rules that forced several sectors to close their manufacturing hubs. However, the market was estimated to reach pre-pandemic levels and was expected to grow steadily.
The preference for hygienic food packaging and packaged food will boost demand during the forecast period. The increasing demand from healthcare sector is also expected to drive the market growth.
However, low resistance to extreme weather conditions and rising global regulations on cling film usage are anticipated to restrain the market growth.
The application of bio-based cling films for sustainable food packaging is expected to act as an opportunity for market growth in the future.
The Asia-Pacific region is anticipated to witness the highest growth rate during the forecast period.
