South & Central America Cling Films Market Forecast to 2031 - Regional Analysis

Description

List of Tables

The South & Central America cling films market was valued at US$ 234.79 million in 2023 and is expected to reach US$ 296.75 million by 2031; it is estimated to register a CAGR of 3.0% from 2023 to 2031.

Rising Demand for Functional Cling Films Fuels South & Central America Cling Films Market

Consumers increasingly seek products that offer enhanced performance features such as superior sealing capabilities, extended freshness, and increased durability. Thus, manufacturers are driven to innovate and develop advanced cling film solutions. In December 2023, Berry Global launched a new version of Omni Xtra polyethylene cling film for fresh food applications. The film provides a high-performance alternative to traditional polyvinyl chloride (PVC) cling films. Moreover, the increasing inclination toward convenience and versatility in food packaging contributes to the demand for functional cling films. With busy lifestyles and the rise of meal prepping, consumers are looking for packaging that can withstand various conditions such as refrigeration, freezing, and microwave heating. Functional cling films that meet these demands enhance user experience and expand the scope of their applications. By addressing these evolving consumer needs, functional cling films are expected to gain a broader customer base. Therefore, the rising demand for functional cling films would offer lucrative opportunities for the cling films market during the forecast period.

South & Central America Cling Films Market Overview

The South & Central America cling films market is driven by the rapidly growing food production industry in the region. Countries such as Brazil, Argentina, Chile, and others are major contributors to the South & Central American food industry. This is owing to the rising population and increasing disposable income of the consumers. The region witnesses an increased export of food products from countries such as Brazil, Chile, and others. According to the International Trade Administration, Chile is a major exporter of fruits, salmon, poultry, and other products requiring cling film packaging. Thus, the growing food industry in South & Central America drives the demand for cling films in the region.

South & Central America Cling Films Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Cling Films Market Segmentation

The South & Central America cling films market is categorized into material type, form, end use, and country.

Based on material type, the South & Central America cling films market is segmented into low density polyethylene, biaxially oriented polypropylene, polyvinyl chloride, polyvinylidene chloride, and others. The low density polyethylene segment held the largest South & Central America cling films market share in 2023.

In terms of form, the South & Central America cling films market is bifurcated into cast cling film and blow cling film. The cast cling film segment held a larger South & Central America cling films market share in 2023.

By end use, the South & Central America cling films market is divided into food, healthcare and pharmaceuticals, consumer goods, industrial, and others. The industrial segment held the largest South & Central America cling films market share in 2023.

By country, the South & Central America cling films market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America cling films market share in 2023.

Berry Global Group Inc, Dow Inc, POLIFILM, and Mitsubishi Chemical Group Corp. are some of the leading companies operating in the South & Central America cling films market.

Product Code: TIPRE00018159

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 3.2.6 Limitations and Assumptions:

4. South & Central America Cling Films Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Threat of Substitutes:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Bargaining Power of Suppliers:
- 4.2.5 Competitive Rivalry:
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors or Suppliers
- 4.3.4 End-Use Industry

5. South & Central America Cling Films Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rapid Growth in Food Industry
- 5.1.2 Soaring Demand from Healthcare and Pharmaceutical Industries
5.2 Market Restraints
- 5.2.1 Availability of Substitutes
5.3 Market Opportunities
- 5.3.1 Rising Demand for Functional Cling Films
5.4 Future Trends
- 5.4.1 Growing Focus on Eco-Friendly Cling Films
5.5 Impact of Drivers and Restraints:

6. Cling Films Market - South & Central America Market Analysis

6.1 South & Central America Cling Films Market Revenue (US$ Million), 2021-2031
6.2 South & Central America Cling Films Market Forecast Analysis

7. South & Central America Cling Films Market Analysis - by Material Type

7.1 Low Density Polyethylene
- 7.1.1 Overview
- 7.1.2 Low Density Polyethylene: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Biaxially Oriented Polypropylene
- 7.2.1 Overview
- 7.2.2 Biaxially Oriented Polypropylene: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Polyvinyl Chloride
- 7.3.1 Overview
- 7.3.2 Polyvinyl Chloride: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Polyvinylidene Chloride
- 7.4.1 Overview
- 7.4.2 Polyvinylidene Chloride: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Cling Films Market Analysis - by Form

8.1 Cast Cling Film
- 8.1.1 Overview
- 8.1.2 Cast Cling Film: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Blow Cling Film
- 8.2.1 Overview
- 8.2.2 Blow Cling Film: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Cling Films Market Analysis - by End Use

9.1 Food
- 9.1.1 Overview
- 9.1.2 Food: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Healthcare and Pharmaceuticals
- 9.2.1 Overview
- 9.2.2 Healthcare and Pharmaceuticals: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Consumer Goods
- 9.3.1 Overview
- 9.3.2 Consumer Goods: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Industrial
- 9.4.1 Overview
- 9.4.2 Industrial: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)

10. South & Central America Cling Films Market - Country Analysis

10.1 Overview
10.2 South and Central America
- 10.2.1 South and Central America: Cling Films Market Breakdown, by Key Countries, 2023 and 2031 (%)
  - 10.2.1.1 South and Central America: Cling Films Market - Revenue and Forecast Analysis - by Country
  - 10.2.1.2 Brazil: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.1.2.1 Brazil: Cling Films Market Breakdown, by Material Type
    - 10.2.1.2.2 Brazil: Cling Films Market Breakdown, by Form
    - 10.2.1.2.3 Brazil: Cling Films Market Breakdown, by End Use
  - 10.2.1.3 Argentina: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.1.3.1 Argentina: Cling Films Market Breakdown, by Material Type
    - 10.2.1.3.2 Argentina: Cling Films Market Breakdown, by Form
    - 10.2.1.3.3 Argentina: Cling Films Market Breakdown, by End Use
  - 10.2.1.4 Rest of South and Central America: Cling Films Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.1.4.1 Rest of South and Central America: Cling Films Market Breakdown, by Material Type
    - 10.2.1.4.2 Rest of South and Central America: Cling Films Market Breakdown, by Form
    - 10.2.1.4.3 Rest of South and Central America: Cling Films Market Breakdown, by End Use

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 New Product Launch
12.3 Collaboration
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Berry Global Group Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Dow Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 POLIFILM
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Mitsubishi Chemical Group Corp
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments

14. Appendix

14.1 About The Insight Partners