Lidding Films Market trends Key Current and Future Trends, Regional Forecast 2028

 Market Analysis 

The global lidding films market is likely to grow at a 6.1% CAGR in the forecast period 2021- 2028, according to the latest Market Research Future (MRFR) analysis. Lidding films are used to cover trays, cups, bowls, and tubs owing to their stability, heat resistance, and high tensile strength for which they are also useful in cargo packaging. These films boost the life of the product owing to its high barrier resistance. They are process optimized that makes them cost effective. 

Various factors are fuelling the global lidding films market share. As per the recent MRFR market estimates, such factors include increasing demand for food packaging, change in lifestyle of developing countries, growing population, the need for packaging of fresh food, increasing preference towards ready to eat food, rise in online retail sites, growing use of online products, increasing use during COVID-19 pandemic, and eco-friendly nature of biodegradable caps and lidding films. 

 On the contrary, ban on plastics in different countries, shortage of raw materials, volatile prices, and the inability of lidding films to protect food from chemical and physical damage may limit the global lidding films market growth over the forecast period. 

Market Segmentation 

The MRFR report throws light on an inclusive segmental analysis of the global lidding films market based on end user, application, product, and material.

 By material, the global lidding films market trends is segmented into ethylene vinyl alcohol (EVOH), polyethylene terephthalate (PET), polyethylene (PE), polyvinyl chloride (PVC), polypropylene (PP), and others. Of these, the PP segment will lead the market over the forecast period. 

 By product, the global lidding films market is segmented into high barrier lidding films, specialty lidding films, dual-ovenable lidding films, and others. Among these, the high barrier lidding films segment will dominate the market over the forecast period. 

 By application, the global lidding films market is segmented into cans and bottles, tray, cups, and others. Of these, trays will spearhead the market over the forecast period. 

 By end user, the global lidding films market is segmented into personal care and cosmetics, pharmaceutical, food & beverage, and others. Among these, food and beverage will have the lions share in the market over the forecast period. 

Regional Analysis 

By region, the global lidding films market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, North America will rule the market over the forecast period. Increasing need for packaged food and consumer goods, and increasing application for high barrier lidding film packaging are adding to the global lidding films market growth over the forecast period. 

In the APAC region, the global lidding films market is predicted to grow at a fast pace over the forecast period. Rapid growth in the packaging industry, growing urbanization and industrialization in India and China, the availability of low labor cost and raw materials, and industrial development in China are adding to the global lidding films market growth in the region. Indonesia, Australia, India, Japan, and China have the utmost market share. 

In Europe, the global lidding films market is predicted to have healthy growth over the forecast period. The booming packaging industry, high demand for lidding films, speedy rates of development and product innovation, and the region being pushed to offer greener alternatives to conventional plastic packaging are adding to the global lidding films market growth in the region.  

In South America and the MEA, the global lidding film suppliers are predicted to have stable growth in the forecast period for the burgeoning need from the e-commerce sector. 

Key Players 

The prominent players profiled in the global lidding films market report include Impak Films Pty Ltd (Australia), Linpac Packaging Limited (U.K.), Plastopil Hazorea Company Ltd. (Israel), Clifton Packaging Group Ltd (U.K.), Schur Flexibles Holding GembH (Austria), Uflex Ltd (India), Toray Plastics (America), Inc (Japan), Wipak Walsrode GmbH & Co. KG (Germany), Berry Plastics Corporation (U.S.), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (U.S.), The Mondi Group (Austria), Ampac Packaging LLC (U.S.), Bemis Company, Inc. (U.S.), and Amcor Limited (Australia), among others. 

Industry Updates 

April 2021- Berry Gardens and Coveris have launched a recycled lidding film with more than 30% PCR content. 

Comments

Post a Comment

Popular posts from this blog

Germany Polyarylsulfone Market | 2024: Production and Overview, Sales Revenue Forecast to 2032

 The Germany Polyarylsulfone (PAS) market stands at a significant juncture, poised for steady growth and innovation. Polyarylsulfones, a class of high-performance thermoplastics, have garnered attention across a spectrum of industries due to their exceptional properties such as high thermal stability, mechanical strength, and chemical resistance. Within Germany, this market segment is experiencing a surge driven by diverse factors including technological advancements, increasing demand from key end-user industries, and growing awareness regarding the benefits of these materials. One of the primary drivers behind the growth of the polyarylsulfone market in Germany is the robust demand from the healthcare sector. Polyarylsulfones find extensive applications in medical devices and equipment due to their biocompatibility, sterilizability, and resistance to various chemicals used in healthcare settings. With the aging population and rising healthcare expenditures in countries like the Un
Read more

Polyurethane Foam Market Exclusive Trends and Growth Opportunities Analysis to 2032

 The Polyurethane Foam Market has experienced significant growth in recent years, driven by its versatile properties and wide-ranging applications in industries such as construction, automotive, furniture, bedding, packaging, and electronics. Polyurethane foam is a type of synthetic foam that is produced by combining polyols and isocyanates. It is known for its exceptional cushioning, insulation, and structural properties. One of the key factors contributing to the growth of the polyurethane foam market is its extensive use in the construction industry. Polyurethane foam is widely used as insulation material in buildings and homes due to its excellent thermal insulation coatings efficiency and energy-saving properties. It helps in reducing heat transfer, maintaining indoor temperatures, and minimizing energy consumption for heating and cooling. Additionally, polyurethane foam is used for soundproofing applications, providing acoustic insulation and reducing noise transmission betwe
Read more

Structural Insulated Panels Market Latest Report on the Current Trends and Future Opportunities

 Introduction: The Structural Insulated Panels Market is experiencing rapid growth as a sustainable and energy-efficient solution in the construction industry. SIPs are prefabricated building panels consisting of a foam core sandwiched between two rigid facings, typically oriented strand board (OSB). This article explores the key trends driving the growth of the structural insulated panels market and their contribution to sustainable construction practices and energy efficiency. Increasing Emphasis on Energy Efficiency: One of the primary drivers of the structural insulated panels market is the growing emphasis on energy-efficient building solutions. SIPs offer superior thermal insulation properties compared to traditional construction materials. The foam core in SIPs provides excellent insulation, reducing heat transfer and minimizing energy-efficient windows consumption for heating and cooling. As energy efficiency regulations become more stringent and building owners prioritize
Read more