The most crucial element of end-user businesses is now packaging. Almost everything that is sold on the market is carefully packaged for a variety of uses. The need for packaging is growing as consumer product safety and product shelf life are both increased.
Because of this, lidding films are now used for product packaging by a variety of end user industries. Despite the fact that there are many different packaging materials, such as plastic or paperboard, lidding films are used by a variety of end user sectors in order to protect the product from contamination.
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The market for lidding films is expected to grow at a 6% value CAGR from 2022 to 2032, according to Future Market Insights. The market is expected to be valued at US$ 19 billion by 2022’s end and US$ 34.02 billion by 2032.
Lidding films are under the umbrella of protective packaging and assist in keeping the goods secure for longer periods of time. Because to this, the majority of producers now rely on lidding films to elegantly package their products. The development of lidding films is being greatly aided by improvements in packing technology and the creation of extremely tensile materials.
Moreover, lidding films offer durable packaging for consumer goods of all shapes and sizes. The market for lidding films is being positively impacted by their use in cargo packing. This is then anticipated to support market expansion.
Global Lidding Films – Key players
Few of the key players in lidding films are Sealed Air Corp, Amcor Limited, E.I. du Pont de Nemours & Co, Bemis Company, Inc., Berry Global, Inc., Winpak Ltd., Plastopil Hazorea Company Ltd, Danafilms Corp., Cosmo Films Ltd, Flexopack SA, Chaozhou Chaoan Keneng Print Co., Ltd., Jiangmen Pengjiang Hualong Packing Materials Co., Ltd, Shantou Weiyi Packaging Co., Ltd., Zhongsu New Materials Technology (Hangzhou) Co., Ltd., Dongying Jiachuan Commerce And Trade Co., Ltd., etc.
Amcor Limited launched a new innovative range of lidding films which are fully recyclable. Cosmo films launched a new range of universal lidding films which can be used for all types of thermoformed plastic containers.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
Global Lidding Films – Market Segmentation
The lidding films can be segmented by the product type, substrate, by application, and by end use industry.
On the basis of product type, the global Lidding Films is segmented into:
- Dual-Ovenable Lidding Films
- Specialty Lidding Films
- High Barrier Lidding Films
- Breathable Lidding Films
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On the basis of substrate, the global Lidding Films is segmented into:
- PE
- PET
- CPET
- APET
- RPET
- PP
- PVC
- HIPS
- Paperboard
- Others
On the basis of application, the global Lidding Films is segmented into:
- Fresh Food
- Frozen Meals
- Meat, seafood & poultry
- Dairy products
- Pet food
- Industrial
- Others
On the basis of end use industry, the global Lidding Films is segmented into:
- Packaging
- Cosmetics & Personal Care
- Pharmaceutical
- Automobiles
- Electrical & Electronics
- Chemical
- Others
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