Lidding Films Market

Lidding Films Market Value And Growth Rate Analysis:

From US$2,933.33 million in 2021, the global lidding film market is predicted to increase at a compound yearly growth rate of 5.91 per cent to reach US$3,962.763 million by 2027.

Lidding Films Market Scenario:

Lidding films feature a glossy finish, are clear, have a high burst strength, and are thermally resistant. Medical device packaging is one of the most common uses for peelable lidding films, as they are simple to open and highly preferred in an emergency. They were afterwards treated in such a way that they could be utilized as a packaging material for various food goods, thanks to modifications in the polymers. Lidding films are preferred by consumers due to their convenience advantages. These films have an oxygen barrier. As a result, they form a protective coating that also helps to lengthen the shelf life of food. Microwaveable, cooled, or frozen peelable lidding films are available. As a result, they're employed in a variety of industries, including food, pharmaceuticals, cosmetics, and personal care.

Lidding Films Market Growth:

The exponential rise in demand for packaged food goods, as well as the expanding market attractiveness of ready-to-eat foods, is predicted to fuel demand for lidding films around the world.

Lidding Films Market Drivers:

The global food business has experienced strong expansion, particularly in rising economies like China, India, and Brazil.

Customized food packaging is gaining traction, and sales of lidding films are likely to increase during the forecast period. Lidding films are one type of packaging that has evolved to meet the needs of the food business. The growing dairy business is driving up demand for lidding films. Manufacturers are pushing toward safe and appealing packaging solutions to market and extend the shelf life of their products. Furthermore, lidding sheets protect products from moisture, light, and oxygen while also preserving their freshness. The rising use of lidding films by small and medium-sized manufacturers forces producers to increase output to meet the increased demand. Furthermore, increased demand attracts more industry players to manufacture lidding films, which results in the worldwide lidding films market expanding.

Nonetheless, a shift in consumer preferences around the world has been a key driver in the lidding films market's significant growth over the last decade. Customers are increasingly turning to coordinated retail channels, such as stores and hypermarkets, for everyday needs, because of their fast-paced lifestyles, which has had a significant impact on the lidding films industry. In particular, the development of the coordinated retail area, which has emerged as a large channel available for the purchase of purchaser items, is counted upon to aid the development of emerging countries.

Lidding Films Market Restraints:

Despite the benefits of lidding films, the market's growth is being hampered by a few factors. This includes the negative effects of lidding films on the environment, government regulations, and consumer perceptions.

All production activity and supply networks were affected because of the COVID-19 pandemic, as provincial governments imposed a complete restriction on any form of transportation to prevent the virus from spreading further. Only the production and distribution of food and beverages, as well as pharmaceutical supplies, were permitted under stringent supervision. In the same year, demand for worldwide lidding films fell, but because the food and pharmaceutical industries are the largest and third-largest end-use industries for lidding films, demand is predicted to skyrocket in the following year. Furthermore, the reopening of supermarkets and other retail outlets is expected to give the much-needed impetus for the worldwide lidding films industry to grow.

Recent Developments in the Lidding Films Market:

C-P Flexible Packaging has introduced a biodegradable coffee pod lidding film for single-serve coffee makers that is BPI (Biodegradable Products Institute) approved.

Lidding Films Market Segmentation: 

By Product Type:

• Dual Ovenable

• Speciality

• High Barrier

• Breathable

• Die-cut

According to the product type section, high barrier lidding films are the most popular product type, with a market share of 53% expected in 2021. High barrier lids provide strong barrier protection, preventing leakage or loss of packaged products during transit, allowing businesses to distribute their products to even the most remote markets.

By Material Type:

• PE [Polyethylene]

• Polyethylene Terephthalate [PET]

• Polypropylene [PP]

• Polyvinyl Chloride [PVC]

• Polyamide

• Ethylene Vinyl Alcohol [EVOH]

• Aluminium

• Others

Polypropylene (PP) is the most often used material type by lidding filmmakers all over the world. Its versatility, recyclability, and high-resistance properties make it more popular than other materials. Between 2022 and 2027, global sales of Polypropylene (PP) lidding films are predicted to expand at a CAGR of 6%.

By Application:

• Cups

• Trays

• Cans & Bottles

• Jars

• Others

Based on application, the trays category is expected to be the most profitable, with trays accounting for 38 of every 100 lidding films used. The increased customer convenience provided by trays with lidding films, as well as the use of trays for packing a wide range of products across numerous industries, make it the most popular application of lidding films globally.

By End-Use:

• Food Industry
• Pharmaceutical Industry
• Personal Care & Cosmetics
• Industries

The food business, which uses the majority of the lidding films produced, is anticipated to emerge as the most lucrative end-use industry, with a total incremental opportunity of US$ 1.03 billion during the forecast period.

Lidding Films Market Regional Analysis: 

• Europe

The European region is predicted to lead the total lidding films market in terms of value and volume. The production of solutions that are suited for high-pressure pasteurisation (HPP) processes is being bolstered by lidding film manufacturers. Lidding solutions that provide better oxygen and moisture barriers after HPP processing with the help of unique film composition construction are in high demand in this region. Thereby, boosting the demand for lidding films in this region.

• Asia Pacific

During the projected period, the Asia Pacific lidding films market is expected to grow at a CAGR of 7.2 per cent. The rising use of lidding films by small and medium-sized manufacturers forces producers to increase output to meet the increased demand. Furthermore, increased demand attracts more industry players to manufacture lidding films, which results in the APAC lidding films market expanding.

• North America

In the North American region, shifting consumer tastes toward on-the-go foods, snacks, dairy products, and other consumables are likely to drive sales of lidding films. Manufacturers in the North American region are concentrating their efforts to improve the qualities of peelable lidding films through partnership activities. This is expected to propel the market of lidding films forward in this region.

• Latin America
• The Middle East and Africa

Lidding Films Market Key Players:

1. Constantia Flexibles Group GmbH

2. UFlex Ltd

3. Amcor Plc

4. Berry Global Inc.

5. Winpak Ltd

6. LINPAC Packaging Limited

7. Schur Flexibles Holding GmbH

8. Plastopil Hazorea Company Ltd

9. Flair Flexible Packaging Corporation