At 3.0% CAGR, South & Central America Cling Films Market is Projected to be Worth US$ 296.75 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, 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, registering a CAGR of 3.0% from 2023 to 2031. Growing focus on eco-friendly cling films and rising demand for functional cling films are among the critical factors attributed to drive the South & Central America cling films market growth.

Consumers and businesses are increasingly prioritizing sustainability in their purchasing decisions as environmental awareness rises. This shift in consumer behavior is positively influencing manufacturers to innovate and offer cling film products that are made from recycled materials, compostable, and biodegradable. Moreover, governments and environmental organizations across the world are implementing stringent regulations and incentives to reduce plastic waste and promote the use of sustainable materials. This regulatory push encourages manufacturers to develop eco-friendly products and boosts consumer confidence in these alternatives. As a result, the cling films market is expected to experience a surge in demand for environmentally responsible products in the future, paving the way for a sustainable future in packaging material in various industries.

On the contrary, availability of substitutes hamper the growth of South & Central America cling films market.

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 38.8% market share in 2023, amassing US$ 91.11 million. It is projected to garner US$ 122.43 million by 2031 to register 3.8% CAGR during 2023–2031.

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 72.9% share of South & Central America cling films market in 2023, amassing US$ 171.11 million. It is anticipated to garner US$ 204.43 million by 2031 to expand at 2.2% CAGR during 2023–2031.

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 36.1% share of South & Central America cling films market in 2023, amassing US$ 84.85 million. It is projected to garner US$ 108.93 million by 2031 to expand at 3.2% CAGR from 2023 to 2031.

Based on country, the South & Central America cling films market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 54.9% share of South & Central America cling films market in 2023. It was assessed at US$ 128.96 million in 2023 and is likely to hit US$ 168.27 million by 2031, registering a CAGR of 3.4% during 2023–2031.

Key players operating in the South & Central America cling films market are Berry Global Group Inc, Dow Inc, POLIFILM, and Mitsubishi Chemical Group Corp., among others.

• In November 2023, Berry Global Group Inc announced the expansion of its cling film product line by launching an additional product named Omni Xtra polyethylene cling film. These films find application in the packaging of fruits, vegetables, meat, poultry, and bakery products.
• In September 2023, POLIFILM in partnership with Klöckner & Co SE and Becker Stahl-Service GmbH to expand its protective films product portfolio including cling films and its and customer base globally.

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