ID: MRFR/PNT/3954-HCR | 185 Pages | Published By Pradeep Nandi on March 2023
Lidding Films Market is projected to be worth USD 6.7 Billion by 2028, registering a CAGR of 5% during the forecast period (2021 - 2028).
$6.9 Billion
5%
North America
2021-2028
Lidding Films Market Scenario:
Lidding films market has been forecast to demonstrate an exponential growth by 2028, surpassing its previous growth records in terms of value with a CAGR of 5% during the estimated period (2021-2028).The global market of lidding films is booming and expected to gain prominence over the forecast period.
The growth in the forecasting period is because of the increase in the food industries and the pharmaceutical industries. Apart from the food packaging and the pharmaceutical industries, many industries also boost the growth of the Lidding Films Market some markets are personal care, cosmetics.
COVID Analysis
The spread of the pandemic has caused a great barrier to the growth of the Lidding Films Market Size. As the food packaging and the pharmaceutical industries are the main growth for the Market. During the spread of the pandemic, many governments have announced the lockdown to avoid the increase of positive cases. Because of this announcement, the food industry was at a great loss because of the lack of transportation and unavailability of labours. Though there is a demand for food and beverage products during the lockdown due to the unavailability of transport the manufacturer companies cannot able to fulfil the user's demand.
But later on after the relaxation of the restrictions for the Hotel, Restaurants and Cafe, the growth was regained. During the loss, the pharmaceutical company is one which provided the essential products and supported for surviving in the Lidding Films Market.
Market Dynamics
Cumulative growth analysis
The overall growth of Lidding Films Market Analysis is gradual and steady for the growth in the food packaging and the pharmaceutical companies. Even in the recent days due to the growth of the food packaging for preserving the foods and to preserve the beverages, the main growth is been happening. To boost up the growth many country governments are promoting this with the eco-friendly packages which are been attracted by the customers in the recent days.
Value chain analysis
The growth in the Lidding Films Market Forecast is expected and the growth is tremendous. Due to the increase in the demand for the packaging product. Because of the need, the key players are coming up with new innovative ideas. There are also new Lidding Films Market Trends which is being followed in the recent days. As there is much awareness which is created by the people and also by the government to safeguard the environment the manufacturing companies are working with new innovative ideas like manufacturing eco-friendly packing materials.
Market segment overview
To talk about the dominating product the high barrier lidding films is dominating the market.
In recent days polypropylene is dominating the industry and this is also expected to dominate the industry in the forecasting period.
North America – US, Canada
Latin America – Mexico, Brazil, Peru, Chile and Others
Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg
Eastern Europe – Poland, Russia
Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand
The Middle East and Africa – GCC, Southern Africa, North Africa
Competitive landscape
Due to the increase in the demand the key players are working with different strategies and also with different aspects. By using the new techniques manufacturing companies are trying to attract customers. They are preferring to produce packaging products that contain degradable and environmentally friendly products for the packaging. After the pandemic growth due to the increase in the demand so manufacturing companies are working hard to increase their market value.
Regional analysis
The Lidding Films Market has expecting to get growth in the forecasting period. Many regions are expected to get the growth in the forecasting period. Some regions are North America, Europe, the Asia Pacific region and the rest of the world.
North America is the region that is dominating the Lidding Films Market. because of the increase in the usage of packaging and the rapid growth in the food and beverages industry in this region, North America is leading the market. The main reason for the growth of North America in the Lidding Films Market, countries like the US is the main reason. The US is the country that holds the largest share in the Lidding Films Market.
Asia Pacific region is the region that is expected to get tremendous growth in the forecasting period of the Market. The main reason for the growth of the Lidding Films Market in the Asia Pacific region is the availability of the raw materials in the countries like China, India and Australia. And the rapid growth of urbanisation is also one of the drivers which boost the growth of the Market in the Asia Pacific region.
Key players
Recent developments
Market overview
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: Significant Value |
CAGR | 5% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period |  2022 to 2030 |
Historical Data | 2019Â &Â 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product , Material, Application and End-user |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | 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). |
Key Market Opportunities |
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Key Market Drivers | Growing industrialization and urbanization |
The lidding films market is poised to mark 5% CAGR.
The players participating in the lidding films market are Amcor Limited (Australia), Ampac Packaging LLC (U.S.), Bemis Company, Inc. (U.S.), The Mondi Group (Austria), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (U.S.), Berry Plastics Corporation (U.S.), Toray Plastics (America), Wipak Walsrode GmbH & Co. KG (Germany), Uflex Ltd (India), Clifton Packaging Group Ltd (U.K.), Linpac Packaging Limited (U.K.), Schur Flexibles Holding GembH (Austria), Plastopil Hazorea Company Ltd. (Israel), and Impak Films Pty Ltd (Australia).
The segments of the lidding films market, based on material, are Polypropylene (PP), Ethylene Vinyl Alcohol (EVOH), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), and Others.
The polypropylene (PP) segment is expected to dominate the lidding films market.
APAC is expected to be the fastest growing region based segment.