Plastic Wrap Market is forecasted to grow at 5.5% with factors such as increasing consumption of plastic films in the beverage industry.
Plastic wrap market has shown an exceptional penetration in countries such as U.S., Germany and China. Growing usage of films is increasing the penetration in developed countries. In developing countries, recycling and reuse of plastics for innovation and sustainability of plastic wrap products is creating opportunity for the global plastic wrap market.
According to Data Bridge Market Research the market for plastic wrap in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is Jinan Zhenhua Plastic Packaging Co., Ltd. which accounts an estimated market share of approximately 35% to 38% in the Asia-Pacific. The company has gained outstanding sale through their industrial product which includes vinyl, polyester, foil and specialty industrial tapes and adhesives. In the first quarter of 2018, Jinan Zhenhua Plastic Packaging Co., Ltd divested a polymer additives compounding business and in May 2018, divested an abrasives glass products business.
Trends Impacting the Market
Now the question is which other regions Berry Global Inc, Reynolds Consumer Products and The Glad Products Company (A brand of The Clorox Company) are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific plastic wrap market and the market leaders targeting Japan and India to be their next revenue pockets for 2020.
The plastic wrap market is becoming more competitive every year with companies such as Berry Global Inc, Reynolds Consumer Products and The Glad Products Company (A brand of The Clorox Company) as they are the market leaders for plastic wrap. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the plastic wrap market.
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Plastic wrap market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East & Africa.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of plastic wrap companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-plastic-wrap-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Plastic Wrap Market – Industry Trends and Forecast to 2027
Europe Plastic Wrap Market – Industry Trends and Forecast to 2027
Asia-Pacific Plastic Wrap Market – Industry Trends and Forecast to 2027
Middle East and Africa Plastic Wrap Market – Industry Trends and Forecast to 2027
North America Plastic Wrap Market – Industry Trends and Forecast to 2027