Lidding Films Market Share Size Increasing Demand Industry Growth Emerging Trends Forecast 2023

Market Scope

The global lidding films market 2020 is anticipated to break its previous records, in terms of growth, expanding at a rate of 6.1% during the evaluation period (2017 to 2023), estimates Market Research Future (MRFR).

Top Boosters and Key Restraints 

In the past couple of years, there has been a notable shift in how a product is manufactured and packaged. Most of the top manufacturers are highly focused on adopting the latest technologies and using them to package their products. Lidding films are used to cover tubs, trays, cups, bowls, etc., since they are highly tensile, resistant to heat and are quite stable. These products are also eco-friendly and come in biodegradable form, which doesn’t have a negative impact on the environment, boosting their demand in the worldwide market.

The global market is also largely influenced by the evolving lifestyle of people in developing regions and the subsequent surge in the product demand. With the expansion of the worldwide population, the need to package fresh food has soared, leading to the emergence of lucrative opportunities for lidding films.

The increasing budget of a number of food service companies and the consequent increase in promotional campaigns for their newly launched products is inducing the growth of the lidding films market. Various food and beverage brands are opting for lidding films for enhancing their brand visibility, leading to tremendous business growth across the globe.

Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/5397

Market Segmentation 

Lidding films market has been extensively analyzed in the report, covering the main segments of material, product, application and end-user. 

The types of materials discussed in the report include Polyvinyl Chloride (PVC), Polypropylene (PP), Polyethylene Terephthalate (PET), Polyethylene (PE), Ethylene Vinyl Alcohol (EVOH), and others. Between these, polypropylene (PP) is the leading segment in the global market and can attain the fastest CAGR in the near future. Majority of the end-users use the PP material since it is highly sustainable, offer higher safety and better graphics, which boosts the product appeal. 

The primary products mentioned in the report are High Barrier Lidding Films, Specialty Lidding Films, Dual-Ovenable Lidding Films and others. High barrier lidding films leading the market, among all the product-based segments, owing to their properties like high performance, attractive packaging and light weight nature.

Various applications of lidding films are cans & bottles, tray, and others. Trays lead the application segment in the global market and can advance at the fastest rate during the appraisal period.

The end users identified in the worldwide market are food & beverage, pharmaceutical, personal care & cosmetics and others.

Regional Outlook 

The lidding films industry is spread across the regions of Europe, North America, Asia Pacific (APAC) and the Rest of the World (RoW).

North America, with the high demand for packaged fresh food and consumer goods, dominates the global market for lidding films. Also, the surge in applications of high barrier lidding films, especially in the United States (U.S), stimulates the market growth. This is also the reason that the U.S. is leading the North American market, other than the presence of a thriving food and beverage industry in the country. 

APAC’s expansion rate in the coming years is anticipated to be the fastest in the global market, on account of the changing lifestyle along with the evolving domestic structure and the subsequent switch to organized retail channels like hypermarkets and supermarkets. Also, the high availability of raw materials coupled with the low labor cost foster significant market growth in the region. India, Japan, Australia, Indonesia and China are in top form, as they together form the largest markets in APAC. However, China has seized the biggest share among these countries, predominately owing to the fast industrial development and rapid growth in urbanization.

Europe ranks among the strongest contenders in the global lidding films market, in view of the fact that the packaging industry is well-established in the region. In addition, the continuous product innovation and development along with the rising preference for alternatives instead of conventional plastic packaging benefits the market. MEA and South America also exhibit positive growth prospects, thanks to the soaring demand for lidding films in the e-commerce sector, which itself is growing at a rapid pace.

Browse complete report @ https://www.marketresearchfuture.com/reports/lidding-films-market-5397

Top Industry Participants 

The top industry participants recognized in the report are Ampac Packaging LLC (U.S.), Impak Films Pty Ltd (Australia), The Mondi Group (Austria), Amcor Limited (Australia), Plastopil Hazorea Company Ltd. (Israel), Berry Plastics Corporation (U.S.), Sealed Air Corporation (U.S.), Toray Plastics (America), Inc (Japan), Schur Flexibles Holding GembH (Austria), Constantia Flexibles Group GmbH (Austria), Wipak Walsrode GmbH & Co. KG (Germany), Uflex Ltd (India), Linpac Packaging Limited (U.K.), Clifton Packaging Group Ltd (U.K.), Bemis Company, Inc. (U.S.), and more.

Company name: Market Research Future

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Truck Rental Market Information by Truck Type (Heavy Commercial Vehicle and Light Commercial Vehicle), Lease Type (Finance Lease and Full-Service Lease), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World)- Forecast till 2024

Market Overview The truck rental market is anticipated to grow rapidly at a CAGR of 15.3%  during the forecast period. The global truck rental market is driven by continuously increasing demand for trucks from different industry verticals and rapid population growth. These factors have helped shape the truck rental market and are expected to boost the growth. Companies in the truck rental market could also face challenges such as hidden operational risks as well as lack of service truck rental providers. The details covered in the global market report cover all the aspects of the industry. truck rental market analysts have also shared growth projections in the report and have suggested truck rental market players to plan growth strategies accordingly. Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7825 Market Segmentation The global truck rental market has been segmented based on truck type and lease type. On the basis of truck type, the market f...
Read more

Logistics Market Share Size Increasing Demand Industry Growth Forecast 2023

  Market Synopsis  As per the research by Market Research Future Reports (MRFR), the global logistics market 2020 is majorly driven by the advancement and development of international trade flow. The Global Logistics Market is estimated to expand at a CAGR of 7.2% during the review period. The expansion in worldwide trade has augmented the market size. Moreover, the trade policies implemented by the government are also assisting in the expansion of the market. Advancements made in shipping, port-services, warehousing, transportation sector have also played a significant role in the expansion of the market. The impeccable expansion of the e-commerce sector is a remarkable element amplifying the expansion of the global logistics market. Moreover, the demands of consumers have magnified due to the increasing demand for international as well as local commodities. The market is growing exponentially due to the robust globalization along with population growth.  However, D...
Read more

Water and Wastewater Pipe Market is Anticipated to Attain 6.53% CAGR Increasing Construction Activities Worldwide Drives Forecast 2024

Market Overview According to Market Research Future (MRFR), the global water and wastewater pipe market is estimated to expand at 6.53% CAGR from 2018 to 2024 (forecast period). This report provides a complete and accurate description of the impact of COVID-19 on the global water and wastewater pipe market. Water and wastewater pipe market is an integral part of the industrial and commercial sectors. As infrastructure development activities increase, there is also a growing demand for water and wastewater pipes. Increased maintenance also allows for effective water management systems. With the rise in global populations and urbanization, the water demand has also risen, resulting in the rapid growth of this market. Industrial toxic waste pollutes drinking water sources, increasing the need for proper water channeling. Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7997 Market Dynamics Increasing residential and commercial construction activities ac...
Read more