PUBLISHER: The Insight Partners | PRODUCT CODE: 1741983
PUBLISHER: The Insight Partners | PRODUCT CODE: 1741983
The Europe cling films market was valued at US$ 1,391.61 million in 2023 and is expected to reach US$ 2,105.08 million by 2031; it is estimated to register a CAGR of 5.3% from 2023 to 2031.
Soaring Demand from Healthcare and Pharmaceutical Industries Drives Europe Cling Films Market
The healthcare and pharmaceutical industries stand at the forefront of innovation and precision, demanding solutions for packaging that ensure the safety and integrity of products. With increasing advancements in medical technology and a surging aging population, there is a rising requirement for efficient and reliable packaging options to ensure the integrity and safety of medical devices, surgical instruments, and pharmaceutical products. Cling films play a crucial role in this context, providing a sterile barrier that helps prevent contamination and maintain product quality throughout the supply chain. In the healthcare sector, cling films are also extensively used for packaging sterile medical supplies such as bandages, gauze pads, and catheters. These films help maintain the sterility of these items, reducing the risk of infections and ensuring patient safety. Moreover, cling films are employed in packaging surgical instruments and medical equipment, providing a protective barrier against dust, moisture, and other contaminants.
In the pharmaceutical industry, cling films are utilized for packaging tablets, capsules, and other dosage forms. These films help protect the medication from moisture, light, and air exposure, which can degrade the efficacy of the product. Additionally, cling films are used for blister packaging, where individual doses of medication are sealed in pockets, ensuring accurate dosing and tamper-evident packaging. Thus, the growing healthcare and pharmaceutical industries across the world, owing to factors such as increasing population, surging healthcare expenditure, and rising prevalence of chronic diseases, propel the demand for cling films.
Europe Cling Films Market Overview
The cling films market in Europe witnesses remarkable growth owing to the growing penetration of cling films across the food and healthcare & pharmaceuticals industries owing to its tamper resistance and extending shelf life factors. According to the European Commission, the food industry is the largest manufacturing field in Europe, propelling the demand for food packaging products such as cling films. According to the European Union, the region has the second-largest pharmaceutical industry in the world. This leads to an increased production of pharmaceuticals in the region and creates global export opportunities. Such factors propel the demand for cling films for packaging food and pharmaceutical products in Europe.
Europe Cling Films Market Revenue and Forecast to 2031 (US$ Million)
Europe Cling Films Market Segmentation
The Europe cling films market is categorized into material type, form, end use, and country.
Based on material type, the Europe 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 Europe cling films market share in 2023.
In terms of form, the Europe cling films market is bifurcated into cast cling film and blow cling film. The cast cling film segment held a larger Europe cling films market share in 2023.
By end use, the Europe cling films market is divided into food, healthcare and pharmaceuticals, consumer goods, industrial, and others. The industrial segment held the largest Europe cling films market share in 2023.
By country, the Europe cling films market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe cling films market share in 2023.
Berry Global Group Inc, Adex S.r.l., Cedo Ltd, The Interpublic Group of Companies Inc, MOLCO GmbH, Dow Inc, POLIFILM, and Mitsubishi Chemical Group Corp. are some of the leading companies operating in the Europe cling films market.