Food wrap films are designed for commercial applications in order to protect and enhance fresh food. It is an Ideal packing type for supermarkets, butchers, bakeries, takeaway bars, cafeterias, and delicatessens.
The global food wrap films market is expected to register significant growth in the forecoming years. Major factors driving growth of the global food wrap films markets are, rising disposable income coupled with growing food and beverages expenditure. In addition, growing population, increasing demand for on-to-go products, are the other factors expected to drive the growth of the target market over the forecast period.
The global food wrap films market report has been segmented on the basis of material type, end user, and region.
On the basis of material type, the global food wrap films market has been segmented into aluminum, plastic, and paper.
On the basis of end use, the global food wrap films market has been segmented retail, food service, and food processing.
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On the basis of region, the global food wrap films markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, North America food wrap films market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to increasing demand for ready-to-eat products coupled with rising disposable income in country in the region. However, Asia Pacific food wrap films market is projected to register highest CAGR in the next five years, due to changing lifestyle and increased health awareness among consumers in the region.
Key players operating in the global food wrap films market includes Reynolds Group Holding Limited, Mondi Group, Mitsubishi Chemical Holdings Limited, Amcor Limited, United Company RUSAL Plc, Hindalco Industries Limited, Berry Global, Inc., Georgia-Pacific LLC, Huhtamaki Oyj, and Thong Guan Industries Berhad.