The global die-cut lids market is anticipated to attain a market worth of US$ 712.4 million in 2022 and register a CAGR of 5.3% to reach US$ 1,194.0 million by 2032, according to research from Future Market Insights. By the end of 2022, the top 3 countries are expected to control 30–35% of the global die-cut lids market, according to estimates of market revenues.
According to the material segment, metal is anticipated to account for the largest share of the worldwide die-cut lids market because of its advantages, including durability, waterproofness, recyclable nature, and affordability. By the conclusion of the forecast period, metal is anticipated to account for 70% of the world’s die-cut lids.
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Die cut lids market – Dynamics
Over the past few decades, the food and beverage industry have shown a continuous growth across the globe translating into increasing demand for allied products like die cut lids throughout the forecast period. Die cut lids besides providing primary protection to the food is also consumer friendly when it comes to opening of the packaged food.
The die cut lids are designed in a way that they are easily pulled off adding to the user friendly nature of the product aiding to its globally increasing demand. One of the several factors that is expected to drive the die cut lid market includes its applicability on various packages made of polypropylene, polyethylene terephthalate, glass, ceramic, etc.
This characteristic feature has encouraged the food and beverage industry to make use of the die cut lid in their packaging solution resulting in increasing demand of the die cut lids thereby creating more opportunities for the die cut market over the forecast period.
Die cut lids market – Region-wise outlook
The global die cut lids marketis segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Asia Pacific with the two emerging economies, India and China is anticipated to dominate the die cut lids market. Over the past few decades, India and China have shown a concentrated growth in food and beverage industry translating into increasing demand for the die cut lids in these regions throughout the forecast period.
North America is expected to follow Asia Pacific in terms of demand for the die cut lids between 2017 and 2027 owing to its established economy. Latin America is expected to witness relatively slower growth in die cut lids market between 2017 and 2027 owing to its g stagnant economy. However, European countries and Middle East and Africa are anticipated to witness a sluggish growth in the market of die cut lids throughout the forecast period due to the prevailing relatively stagnant economy in these regions.
Die cut lids market – Key Players
The key players in the die cut lids market include Quantum Packaging Limited, Winpak, Ltd., Constantia Flexibles Group GmbH, Amcor Limited, Watershed packaging Ltd, Swan Packaging, Inc., Bemis Company, Inc., Clondalkin Group Holdings B.V.,
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, types, technology and applications.
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
On the basis of material type, Die-cut lids market is segmented into:
- Paper
- Plastic
- PET
- Metals
- Aluminium
On the basis of product type, Die cut lids market is segmented into:
- Printed
- Non-printed
- Embossed
- Unembossed
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