Food Wrap Films Market to Reach $12B by 2026, Driven by Flexible Packaging Demand and Sustainable Innovations
-
The global food wrap films market is expected to reach $12 billion by 2026, growing at a CAGR of 2%.
-
Rising demand for flexible packaging solutions in the food industry is driving market growth.
-
Europe is anticipated to have the largest market share due to cheaper production costs and high sales points.
-
Key players are expanding globally through acquisitions to diversify offerings and collaborate with partners.
-
Sustainable innovations like Berry Global's new circular stretch films are being introduced to achieve better load integrity.