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.
The lidding films market is set to witness varying degrees of growth across different regions. North America is expected to emerge as the dominant force in this market over the forecast period, primarily driven by the high demand for packaged food, which often relies on lidding films for sealing and preserving freshness. In Europe, a consistent and steady growth trajectory is anticipated in the lidding films market.
The real spotlight, however, shines on the Asia Pacific region, where the market is projected to experience the most rapid growth. This surge is primarily attributed to countries like China and India, which offer extensive opportunities for rapid industrialization, leading to increased use of lidding films in various sectors. Meanwhile, Latin America and the Middle East & Africa are also expected to show stable growth in the lidding films market, though at a slightly slower pace. This global landscape underlines the versatility and importance of lidding films across various industries and regions.
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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.
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.
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.
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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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