According to forecasts, the breathable lidding film packaging market is expected to be US$ 598.82 million in 2023 and US$ 1,180 million by 2033.
Modern breathable lidding film packaging with improved characteristics has been created due to the advancements in film production technology. These films adapt to the unique needs of various food products by providing increased barrier protection, mechanical strength, and breathability.
The demand for fresh and quick food alternatives among consumers has fueled the expansion of the breathable lidding film packaging industry. Breathable films help keep perishable goods fresh and high-quality, satisfying customer expectations.
Governments and regulatory authorities are pushing for strict food safety regulations and environmentally friendly packaging methods. As a result, breathable lidding film packaging has seen a surge in use since it satisfies both environmental and safety standards.
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Market Challenges
Integrating breathable lidding film packaging with their current packaging equipment is difficult for certain producers. Adoption by the market is likely to be hindered by the need for further expenditures or revisions. For small and medium-sized businesses, the initial cost needed to deploy breathable lidding film packaging is substantial. As a result, market adoption could be more constrained.
Regional Aspect
Outside the food and beverage sector, the global breathable lidding film packaging market is anticipated to have huge development. This is due to the rise of the pharmaceutical and cosmetic sectors in emerging nations like China and India.
A diversified international population lives in the United States, with great demand for various packaged foods. The desire to extend the shelf life of fresh fruit has given rise to advancements in breathable lidding film packaging.
Key Takeaways
- The breathable lidding film packaging business had a valuation of US$ 558.6 million in 2022.
- The breathable lidding film packaging business was expanding at a CAGR of 4.7% between 2018 to 2022.
- North America’s breathable lidding film packaging market expanded at a share of 29% in 2022.
- Europe’s breathable lidding film packaging market accounted for a 30% share in 2022. Growth is ascribed to the kind of life people currently lead and to consumer and packaging industry practices that are in line with customer demands.
Competitors Winning Strategies
Investing in research and development operations creates innovative breathable lidding film packaging with improved qualities. This aids producers in differentiating their goods and gaining a market advantage.
Manufacturers of breathable lidding film packaging have the opportunity to comprehend particular needs and provide tailored solutions by working with food producers and merchants.
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Recent Developments:
- ExtraPET PCR, the newest commercial-grade post-consumer recycled (PCR) PET barrier film, was created in July 2021 by Camvac Ltd. This innovation complements Camvac’s ExtraPET film line, which is already popular in the food and converter industries. It also puts itself within Camvac’s expanding Camvert line of environmentally friendly packaging options.
- Flair Flexible Packaging released upgraded PLATINUM+ thermoforming sheets to increase effectiveness and reduce costs in May 2020. The market for lidding films will benefit from this expansion potential.
Key segments
By Material Type:
- Plastic
- LDPE
- PP
- Paper
- Woven Sacks
By Substrate:
- CPET-based
- APET-based
- PP-based
- PVC-based
- PE-based
- Others
By Seal Type:
- Peel Seal
- Semi-Weld
- Weld Seal
- Others
By End Use:
- Bakery & Confectionery Products
- Produced Grain
- Produced Vegetables
- Produced Fruits
- Dried Fruits
- Other Food Products
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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