Cling Film Market Is Projected to Reflect 5.1% CAGR | Informative Study and Earn...
source link: https://www.einpresswire.com/article/612823259/cling-film-market-is-projected-to-reflect-5-1-cagr-informative-study-and-earnings-forecast-2023-2033
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Cling film is a thin plastic wrapping used to store and preserve food items, as well as for other purposes. It is widely used in the food industry due to its airtight seal, cost-effectiveness and convenience. The global cling film market has been growing at a steady rate over the past few years due to the increasing demand for convenient packaging solutions from consumers. This trend is expected to continue in the forecast period with an estimated CAGR of 5.1%.
The major drivers of the cling film market are changing lifestyles, rapid urbanization and increasing disposable incomes. Rising health consciousness among consumers has also contributed significantly towards the growth of this segment. Furthermore, technological advances such as barrier films with improved oxygen transmission rates have augmented market prospects further. On the other hand, environmental concerns such as excessive plastic waste generation are impeding market growth in some regions of the world.
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