Global Food Wrap Films Market is expected to grow at a CAGR of 2.3% during the forecast period. Global Food Wrap Films Market is expected to reach US$ 13188 Mn by 2029. Food wrap films are used to wrap food products to protect them from contamination, keep food fresh and enhance the shelf life of the food. Food wrap films are generally used for short-term preservation of prepared food. Besides, they are also used to package confectioneries like chocolate and to wrap processed food such as meat & sea-food to keep them fresh for an extended period. Furthermore, food wrap films are used to pack ready-to-eat food items. The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived.To Know About The Research Methodology :- Request Free Sample Report
Global Food Wrap Films Market Dynamics:
Rise in demand for food-on-the-go has been a major driver for the food wrap film industry. Food packaging requires wrapping to maintain the temperature. The barrier properties of the aluminum and high barrier plastics such as EVOH and polyamide isolate the food products from the environmental factors such as moisture, odor and atmospheric gases. The fast-paced life of people in developing and developed countries require better packaging of food items so that food can be consumed anytime irrespective of the time the food was prepared. The barrier properties of food wrap films against oxygen, moisture, and odor help it to provide higher shelf life to the food products. The food wrap films are the environmental concerns associated with the harmful effects of conventional plastic materials which are not biodegradable and is a potential threat to the environment. The toxic effect associated with plasticizers in PVC based food wrap films is hazardous for an individual. LDPE based food wrap films may contain harmful chemicals such as diethylhexyl adipate (DEHA). The direct contact of food with aluminum-based food wrap films might cause memory loss, dementia and other adverse effects on the health of the consumer. These factors decrease the demand for food wrap films in the market.Global Food Wrap Films Market Trends:
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 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 market, currently.Segment Analysis:
Global Food Wrap Films Market, by Material Type:
The aluminum segment is dominating the global market for food wrap films, over 70% market share in 2019. This is mainly due to the fact that any food when made can be kept in that same hot condition if it is wrapped using aluminum. While plastic and paper food wrap films hold second and third positions in the market, respectively. Moreover, plastic food wrap films are projected to take over a major market share of the aluminum segment and will show the fastest CAGR over the forecast period. Paper films will continue with their marginal market share over the forecast period. In terms of end use types, food service has the highest market share and will continue to dominate this segment in the forecast period. This is mainly due to the fact that working class tends to eat more of fast food and ready-to-eat food especially during their working hours. This helps them in saving time over making any healthy food dish for their lunch.Global Food Wrap Films Market, by Region:
North America is expected to dominate the global market, due to increasing demand for ready-to-go food and beverages products in countries in the region. The market in Asia Pacific is expected to be an emerging market for the global food wrap 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 Scope: Inquire before buying
Food Wrap Films Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $11247Mn. Forecast Period 2023 to 2029 CAGR: 2.3% Market Size in 2029: US $ 13188 Mn. Segments Covered: by Material Type Aluminum Plastic Paper by End use Retail Food Service Food Processing Food Wrap Films Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Food Wrap Films Market Key Players:
1.Amcor 2.Berry 3.Mondi Group 4.Georgia-Pacific 5.Hindalco Industries 6.Huhtamaki 7.Mitsubishi Chemical Holdings 8.Reynolds Group 9.Thong Guan Industries 10.Rudraksh Packaging 11.Riken Technos 12.Melitta 13.Unnati Group 14.Nan Ya Plastics 15.Polyvinyl Films Frequently Asked Questions: 1. Which region has the largest share in Global Food Wrap Films Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Food Wrap Films Market? Ans: The Global market is growing at a CAGR of 2.3% during forecasting period 2023-2029. 3. What is scope of the Global Food Wrap Films Market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Food Wrap Films Market size in 2022? Ans: The Global market was valued at US$11247 Bn. In 2022. 5. What is the study period of this Market? Ans: The Global market is studied from 2022 to 2029.
Global Food Wrap Films Market
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Food Wrap Films Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Food Wrap Films Market 3.4. Geographical Snapshot of the Food Wrap Films Market, By Manufacturer share 4. Global Food Wrap Films MarketOverview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Food Wrap Films Market 5. Supply Side and Demand Side Indicators 6. Global Food Wrap Films Market Analysis and Forecast, 2022-2029 6.1. Global Food Wrap Films Market Size & Y-o-Y Growth Analysis. 7. Global Food Wrap Films Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 7.1.1. Aluminum 7.1.2. Plastic 7.1.3. Paper 7.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 7.2.1. Retail 7.2.2. Food Service 7.2.3. Food Processing 8. Global Food Wrap Films Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Food Wrap Films Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 9.1.1. Aluminum 9.1.2. Plastic 9.1.3. Paper 9.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 9.2.1. Retail 9.2.2. Food Service 9.2.3. Food Processing 10. North America Food Wrap Films Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Food Wrap Films Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 12. Canada Food Wrap Films Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 13. Mexico Food Wrap Films Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 14. Europe Food Wrap Films Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 15. Europe Food Wrap Films Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Food Wrap Films Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 17. France Food Wrap Films Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 18. Germany Food Wrap Films Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 19. Italy Food Wrap Films Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 20. Spain Food Wrap Films Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 21. Sweden Food Wrap Films Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 22. CIS Countries Food Wrap Films Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 23. Rest of Europe Food Wrap Films Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 24. Asia Pacific Food Wrap Films Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 25. Asia Pacific Food Wrap Films Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Food Wrap Films Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 27. India Food Wrap Films Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 28. Japan Food Wrap Films Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 29. South Korea Food Wrap Films Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 30. Australia Food Wrap Films Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 31. ASEAN Food Wrap Films Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 32. Rest of Asia Pacific Food Wrap Films Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 33. Middle East Africa Food Wrap Films Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 34. Middle East Africa Food Wrap Films Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Food Wrap Films Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 36. GCC Countries Food Wrap Films Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 37. Egypt Food Wrap Films Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 38. Nigeria Food Wrap Films Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 39. Rest of ME&A Food Wrap Films Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 40. South America Food Wrap Films Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 41. South America Food Wrap Films Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Food Wrap Films Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 43. Argentina Food Wrap Films Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 44. Rest of South America Food Wrap Films Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Material Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End use, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Food Wrap Films Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile - Amcor 45.3.1. Company Overview 45.3.2. Financial Overview 45.3.3. Geographic Footprint 45.3.4. Product Portfolio 45.3.5. Business Strategy 45.3.6. Recent Developments 45.4. Berry 45.5. Mondi Group 45.6. Georgia-Pacific 45.7. Hindalco Industries 45.8. Huhtamaki 45.9. Mitsubishi Chemical Holdings 45.10. Reynolds Group 45.11. Thong Guan Industries 45.12. Rudraksh Packaging 45.13. Riken Technos 45.14. Melitta 45.15. Unnati Group 45.16. Nan Ya Plastics 45.17. Polyvinyl Films 46. Primary Key insights.