PET Lidding Films Market Research Report—Global Forecast till 2030

PET Lidding Films Market Research Report: Information by Product Type (High Barrier Lidding Films, Dual-Ovenable Lidding Films, Resealable/Reclosable Films, Specialty Lidding Films, and Breathable Lidding Films), Application (Trays, Cups, Jars & Bottles, and Others), End-Use (Food & Beverage, Pharmaceutical, and Others), and Region(North America, Europe, Asia-Pacific, Rest of the World)- Forecast till 2030

ID: MRFR/PNT/7197-CR | August 2021 | Region: Global | 126 pages

PET Lidding Films Market Overview:


PET Lidding Films Market is expected to reach a market size of USD 995.4 Million by 2025 and expand at 6.7% CAGR during the forecast period.


Lidding films include oriented peel & non-peel seal ovenable lidding polyester films. They are acost-effective solution designed to reduce the many components traditionally used in packaging products. Lidding films are used in dual & non-ovenable applications for a variety of thermoforming, paper-coated trays, peel & non-peel seals, crystalline polyethylene terephthalate & amorphous polyethylene terephthalate tray. It incorporates custom package design, logo, nutrition, facts, bar codes, and tamper-evident protection.


When compared to other traditional packaging products, PET lidding is considered to be dependable and flexible. Due to its enormous barrier resistance property and the enhanced shelf life of the product, PET lids have qualities such as heat resistance, high tensile strength, and stability.The food &beverage industry, which is further attributed to the rising inclination for processed and convenience food, is expected to drive the worldwide PET lidding films market to its highest level of growth.


PET lidding films are extensively used in flexible packaging solutions to cover trays, cups, etc., because of their properties such as heat resistance, high tensile strength, and stability. Because of its high barrier resistance, lidding films increases the shelf life of the product. These films are cost-effective as they are process optimized.


The advantages of PET lidding films enhanced consumer convenience, taste and aroma preservation, extended shelf life, food safety. And the performance gives various barrier properties depending on the product type, easy opening and reclosing, and gives an antifog effectthat protects the film from the condensation of food.


According to the Save Food project, 30 percent of unsold food in industrialized countries is thrown away. Products in trays are becoming an answer to on-the-go lifestyles and diminishing household sizes as mindful consumerism becomes more popular. Multi-layer barrier films for tray lidding are available from lidding films to maintain the quality and freshness of your products.


The expanding need for convenience and processed foods, the booming food & beverage sector, the growing working population, the growing demand for dairy products, and the increased consumption of easily packaged food products are all contributing causes. Increased penetration of franchise food organizations, a developing retail industry, and rising demand for processed food are all contributing to market expansion.


The market growth is mainly driven by continuous technological advancement, increasing demand from the pharmaceutical industry, and extending the shelf life of products. Additionally, the growing penetration of franchising food services is driving the demand for PET lidding films. However, fluctuation in raw material prices may slow the growth of the PET lidding films market.


Some of the factors driving market expansion include an increase in the number of people working, demand for dairy products, and consumption of easily packaged food goods. PET lidding films are also in high demand because of the increased popularity of franchising food services.Lidding films are critical in the preservation of poultry and fish items, extending shelf life, and delaying deterioration. Concerns about health and cleanliness, combined with a steady expansion of the retail sector in emerging economies like China and India, are projected to open up a plethora of prospects for the PET lidding films industry.


The global PET lidding films market in terms of value is estimated to register 6.4% CAGR during the forecast period.


Segmentation:


The increased number of working populations, demand for dairy products, and consumption of conveniently packaged food products are some of the factors to propel the market growth. The global PET lidding films market has been segmented based on material, application, end use, and region.


On the basis ofproduct type, the global market has been segmented into high barrier lidding films, dual-ovenable lidding films, resealable/reclosable films, specialty lidding films, and breathable lidding films. In 2020, the high barrier lidding films segment accounted for the larger market share of 51.1%of the overall PET lidding films market. It is expectedto register a significant CAGR during the projected timeframe.The high barrier lidding coatings help lengthen the product's shelf life, allowing it to dominate the market.


On the basis of application, the global market has been segmented into trays, cups, others, and jars & bottles. In 2020, the trays accounted for the largest market share of 32.5% of the overall PET lidding films market. It is projected to grow at a lucrative CAGR during the forecast period.The trays category had the biggest contribution, followed by the cups segment.


On the basis of end-use, the global market has been segmented into food & beverage, pharmaceutical, and others. In 2020, the food & beverage segment accounted for the largest market share of 71.8 % of the overall PET lidding films market. It is projected to grow at a significant CAGR during the forecast period.The market is expected to be dominated by the food & beverage category, followed by the pharmaceutical segment.


Regional Analysis:


By region, the PET lidding films market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.


Global PET Lidding Films Market, by Region, 2020
PET Lidding Films Market, by Region 2020
Source: MRFR analysis


The global PET lidding Films market is expected to witness high growth during the forecast period owing to the growing packaging industry across the globe. Due to the stable industrial and economic growth rate coupled with increasing investment in the packaging, the market for PET lidding Films is likely to positively impact the demand for PET lidding Films over the forecast period.


By region, the PET lidding films market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.


Europe is one of the prominent regionsin the PET lidding films market in 2020, owing to factors such as the increased investments by the companies in packagingfood & beverage and pharmaceutical products. The region has witnessed tremendous growth in the medical sector. This has increased the need for PET lidding films in the pharmaceutical industry. The food & beverage industry holds the largest share of the domestic market due to the increasing dependency on packaged food and beverages in the region.


Europe comprises Germany, the UK, France, Spain, and the rest of Europe. The region holds the largest share of the PET lidding films market. It is home to several major companies, such as Mondi Group and Wipak Walsrode GmbH & Co. KG, which support the growth of the market for PET lidding films.


In Germany, PET lidding films are gaining popularity owing to the growing awareness and preference for fresh food items among consumers. Additionally, the increasing focus on controlling the quality of food items by increasing their shelflife has prompted food packaging manufacturers to come up with new packaging solutions for food packaging, including PET lidding films.


During the projected period, Europe is expected to lead the PET lidding films market, followed by North America. This is due to an increase in the consumption of pre-packaged meals, which is fueling market expansion in the region.


Germany is one of the EU's top processed food manufacturers. The increase in per capita disposable income of individuals in the region, the rise in demand for convenience food, and growing awareness of packaged food among consumers are driving the growth of the PET lidding films market in the country. The packaging market is customer-oriented and is driven by the increase in demand for extended product shelflife.


Moreover, governing authorities are taking initiatives to develop smart packaging for food products to cut down on food wastage and packaging waste. Such factors are expected to drive the market for PET lidding films in Germany during the forecast period.


Synopsis:


The global PET lidding films market has been segmented based on material, application, end use, and region.The expansion of the food & beverage industry and increased demand for processed & convenience food are the major factors driving the market growth.


Key Competitors:


The growth of the market vendors depends on the market conditions, government support, and industry development. Thus, they should focus on improving their products and expanding their market presence. Amcor PLC (Australia), Berry Global Inc (US), Sealed Air Corporation(US), Mondi (Austria), Uflex Ltd.(India), being the leading players, held nearly 28.46% of the market share in 2020. Vendors contend in terms of cost, product quality, and reliability. It is crucialfor these players to offer cost-effective and superior products and services to succeed in the competitive market environment.


Plastopil (Israel), Wipak Walsrode GMBH & CO. KG (Germany), Clifton Packaging Group Limited(UK), Impak Films PTY. LTD (Australia) are some of the other key players operating in the global PET lidding films market.


Market Segmentation



  • ByProduct TypeHigh Barrier Lidding Films, Dual-Ovenable Lidding Films, Resealable/Reclosable Films, Specialty Lidding Films, and Breathable Lidding Films.

  • By ApplicationTrays, Cups, Jars & Bottles, and Others.

  • By End Use –Food & Beverage, Pharmaceutical, and Others.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 995.4 Million
  • 2030 : Significant value
  •   CAGR   6.7% CAGR (2022-2030)
      Base Year   2021
      Forecast Period    2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product type, Application, End-use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Uflex LTD (India), Plastopil (Israel), Wipak Walsrode Gmbh & Co. Kg (Germany), Impak Films Pty. Ltd (Australia). Amcor PLC (Australia), Mondi (Austria), Berry Global INC (US), Sealed Air Corporation (US) and Clifton Packaging Group Limited (UK)
      Key Market Opportunities

  • Government norms against plastic packaging
  • Fluctuation in raw material price
  •   Key Market Drivers

  • Convenience food and growth of the food & beverage industry
  • Rise in demand for dairy products


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    Frequently Asked Questions (FAQ) :


    Global PET lidding films market is projected to grow at approximately 6.7 % CAGR during the assessment period (2019-2025).

    The valuation of the global PET lidding films market is estimated to increase to USD 995.4 MN by the end of 2025.

    Food & beverageis the largest end-user segment in the global PET lidding films market.

    Europe holds the largest sharein the global PET lidding films market, followed by North Americaandthe Asia Pacific, respectively.

    Amcor PLC (Australia), Plastopil (Israel), Mondi (Austria), Uflex LTD (India), Sealed Air Corporation (US), and Berry Global INC (US), are some of the top players operating in the global PET lidding films market.