- 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
- U.S. plastic wrap market captured the largest revenue share of 78.5% in 2024 within North America, driven by high consumption of packaged and ready-to-eat food products, along with widespread adoption in residential and commercial kitchens
- Canada is expected to witness the highest compound annual growth rate (CAGR) in the North America plastic wrap market due to increasing demand for convenient food packaging solutions, growing awareness regarding food preservation, and rising adoption of eco-friendly and sustainable wrap alternatives
- 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
