Lidding Films Market 2022 Highlights on Future Development, Top Trends and Leading Players Analysis by 2028

The lidding films market is expected to grow exponentially by 2028, exceeding previous growth records in value with a CAGR of 5% over the forecast period (2021-2028). 

The global market for lidding films is thriving and is expected to grow during the forecast period. The increase in demand for food packaging is expected to boost market growth from the year 2021 to 2028. The rising demand for processed foods, consumers’ preference for online food products over grocery products, changes in lifestyles of the developing countries around the world, and the biodegradable eco-friendliness of the lidding films are all expected to be the driving factors of the lidding films market. The easy availability of raw materials and low labour costs are the primary factors responsible for market growth. 

The forecasting period increases due to an increase in the food and pharmaceutical industries. Aside from the food packaging and pharmaceutical industries, many other industries contribute to the growth of the Lidding Films Market, including cosmetics and personal care. MAP replaces the air in the package with a different, fixed mixture of gases while lidding films prevent the gas from leaking out. The increased availability of such products with enhanced features is expected to boost demand for lidding films during the forecast period.

Global demand for lidding films increased at a negative rate. Because of the COVID-19 pandemic, but because the food and pharmaceutical industries are the largest and third-largest end-use industries for lidding films, demand is expected to skyrocket in the coming year. Furthermore, reopening supermarkets and other retail facilities are expected to boost the global lidding films market.

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Market segmentation: 

The worldwide lidding films market is segmented by products, material type, applications, and end-user. 

By product:

• Dual ovenable lidding films
• High barrier lidding films
• Speciality lidding films
• Breathable
• Die-cut

By material type

• Polypropylene
• Polyethylene
• Polyvinyl chloride
• Ethylene-vinyl alcohol
• Polyethylene terephthalate

By application

• Cups
• Cans and bottles
• Trays
• Others

By end-users

• packaging
• restrictions
• cosmetics and personal care
• electricity and electronics 
• car

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Regional analysis:

The Market for Lidding Films is categorised into North America, Europe, the Asia Pacific, and the rest of the world (RoW).

North America dominates the Lidding Films Market. North America leads the market due to increased packaging usage and rapid growth in this region’s food and beverage industries. The main reason for North America’s growth in the Lidding Films Market is countries like the United States. The United States dominates the Lidding Films Market.

The Asia Pacific region is expected to experience tremendous growth during the market’s forecasting period. The availability of raw materials in countries such as China, India, and Australia is the primary reason for the growth of the Asia Pacific Lidding Films Market. Furthermore, rapid urbanisation is one of the drivers driving market growth in the Asia Pacific region.

Key Players

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

Recent advancements:

• Berry Global Company invested USD 70 million in the growth and development of packaging for industries such as E-Commerce, food and beverages in April 2021.
• Constania Flexibles group GmbH announced a collaboration with Propak in June 2021.
• In collaboration with Johnson and Johnson, Amcor Plc introduced healthcare lidding technology in August 2021.

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