- The demand for plastic wrap for food packaging is poised for growth due to its crucial role in preserving food freshness
- As consumers increasingly opt for convenience and ready-to-eat meals, plastic wrap serves as a reliable solution, offering a protective barrier against moisture, air, and contaminants. For instance, in the busy urban lifestyle, pre-cut fruits and vegetables packaged with plastic wrap provide convenience without compromising on freshness, driving market expansion
- North America dominated the plastic wrap market with the largest revenue share of 42.58% in 2024, fueled by high consumption of packaged foods, strong logistics infrastructure, and demand for sustainable packaging solutions
- Asia-Pacific plastic wrap market is projected to grow at the fastest CAGR of 11.69% from 2025 to 2032, fueled by rapid urbanization, rising middle-class populations, and increasing consumption of packaged goods
- The Stretch Films segment dominated the plastic wrap market with the largest revenue share of 38.5% in 2024, owing to its widespread use in packaging and pallet unitization across food, beverage, and logistics sectors
