According to Future Market Insights, the lidding films market is anticipated to flourish at a 6% value CAGR from 2022 to 2032. By 2022-end, the market is poised to reach a valuation of US$ 19 Billion, and further to US$ 34.02 Billion in 2032.
Packaging has become the most essential component of end user industries. Nearly everything that is available in the market is neatly packed for various purposes. Ensuring safety of consumer goods along with increasing the shelf-life of products is increasing the dependency on packaging.
This has led to various end user industries using lidding films for packaging products. Despite of using various products for packaging such as plastic or paperboard, the need for keeping the product away from contamination has led to various end user industries using lidding films.
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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.
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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Lidding Films: Global Market Trends
Due to the increased need for food packaging, sales of lidding films have increased, allowing for the extension of product shelf life. This trend is anticipated to continue over the forecast period of 2017–2025. The Asia Pacific area has witnessed a rise in the penetration of retail establishments, which is boosting demand for lidding films.
Additionally, the changing lifestyles of developing nations around the world are positively influencing the lidding film industry and driving up demand. With a growing population comes a greater need for fresh food packing, which has greatly expanded the market for lidding films.
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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