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.
The need for making fresh produce last long is the key driver for the sales of the breathable lidding film packaging sector. With the increasing population and decreasing cultivation area, the need for protecting fresh produce to last long provide significant opportunities for the lidding film packaging market in the future.
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The increasing penetration of modern retail outlets in the APEJ region is another factor driving the market. With the increasing influence of Western culture, the lifestyle of the eastern countries is changing which is driving the demand for packed food while influencing the breathable lidding film packaging business.
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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