Unveiling the Lidding Films Market
In the dynamic landscape of packaging materials, lidding films have emerged as a vital component. These versatile films play a crucial role in preserving the freshness and quality of various food and beverage products. In this article, we delve deep into the Lidding Films Market, exploring its nuances and uncovering valuable insights.
Introduction
The Lidding Films Market has witnessed significant growth in recent years, driven by the demand for efficient and sustainable packaging solutions. This article aims to provide a comprehensive overview of this market, shedding light on its key aspects, including types, applications, manufacturing processes, and future prospects.
As projected by Future Market Insights, the lidding films market is expected to experience a robust 6% value CAGR between 2022 and 2032. By the conclusion of 2022, the market is on track to achieve a value of US$ 19 Billion, with an additional surge to US$ 34.02 Billion by the year 2032.
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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.
Benefits of Lidding Films
Lidding films offer a plethora of benefits that contribute to the advancement of the food packaging industry:
- Extended Shelf Life: The barrier properties of lidding films prevent oxygen and moisture from entering the package, thus prolonging the shelf life of the product.
- Hygiene and Safety: Lidding films create a protective shield, safeguarding the contents from contaminants and ensuring that consumers receive products in their pristine condition.
- Enhanced Branding: These films can be customized with branding and information, making them a powerful tool for marketing and communication with consumers.
- Easy-to-Open Design: Many lidding films come equipped with easy-to-peel features, enhancing user convenience and reducing the risk of spillage.
Due to their strong barrier resistance, lidding films also extend the shelf life of the product. Due to their great tensile strength, lidding films are extremely helpful in cargo packaging. Lidding Films are also process optimised, which contributes to cost effectiveness because the raw material is less expensive.
Global Lidding Films – Market Dynamics:
Lidding Films hold escalation due to upsurge demand for food packaging and this resulted in the expansion of the sales for lidding films so that it can provide extended shelf life to the products and this trend is expected to grow over the forecast period 2022-2032. Lidding Films market have seen an increase in the penetration of retail outlets in Asia Pacific region which are driving the demand for lidding films market. In addition, lidding films market is positively influenced by the change in lifestyle of developing countries across the globe and are fueling in demand.
With the increasing population, the need for packaging of fresh food is increasing which has created a significant opportunity for lidding films. However, lidding films are not able to protect the food products from physical and chemical damage externally which can create a restraint for its market. Furthermore, lidding films have concerns regarding the environmental effects of the use of plastic disposal from the government.
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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.
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
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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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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