Food Packaging Plastic Wrap Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 7.2 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
In 2022, the global food packaging plastic wrap market was valued at USD 4.5 billion and is projected to reach USD 6.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.5% from 2024 onwards. The Asia Pacific region leads this market, accounting for approximately 40% of the total revenue in 2023, driven by increasing demand for packaged food products and expanding urbanization in countries like China and India. North America follows with a 35% share, while Europe contributes around 25%. Opportunities for growth in the food packaging plastic wrap market are substantial. The rising consumer demand for convenience and food safety has led to increased use of plastic wraps that offer excellent moisture and oxygen barriers, preserving the freshness of various food items. Additionally, the growing awareness of environmental sustainability is driving innovation towards biodegradable and recyclable plastic wraps, aligning with global sustainability goals. Advancements in material science, such as the development of bio based plastics, present further prospects for market expansion.
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NAN YA Plastics
Glad
Asahi Kasei
Sphere
Saran
Miaojie
Maryya
Melitta
Wentus GmbH
Polyvinyl Films
Koroplast
Prowrap
Sedat Tahir
Cleanwrap
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Food Packaging Plastic Wrap Market
Standard Plastic Wrap
Stretch Film
Cling Wrap
Microwave-Safe Plastic Wrap
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Biodegradable Plastics
Food Service Industry
Retail
Household
Healthcare
Single Layer
Multi-Layer
Extra Thick
Standard Thickness
Fresh Produce Packaging
Meat and Poultry Packaging
Bakery Products Packaging
Ready-to-Eat Meals Packaging
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Food Packaging Plastic Wrap Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Food Packaging Plastic Wrap Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Food Packaging Plastic Wrap Market, By Type
6. Global Food Packaging Plastic Wrap Market, By Application
7. Global Food Packaging Plastic Wrap Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Food Packaging Plastic Wrap Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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