Packaging materials, specifically in the food industry have seen a revolution in recent years. Various types of packaging films such as bio-based films and lidding films are being extensively used in the food packaging industry. Introduction of new materials for packaging and new technology is changing the dynamics of the food packaging market. In order to keep food fresh, manufacturers in the food packaging industry coming up with new and innovative packaging materials.
Apart from food packaging industry, lidding films find a lot of application in the production of daily use items such as cups and bowls. Lidding films provide extended shelf life to food materials packed inside them. Busy lifestyle of consumers in developing countries is leading to an increased usage of lidding films. Due to the short shelf life of packaging materials, a lot of food is wasted. Lidding films are a solution to the problem. Lidding films increase the shelf life of food packed inside the packaging by maintaining oxygen transmission rate of the product and decreasing the expiry rate.
Because of the presence of a comparatively cheaper raw material, lidding films are less costly than other alternatives. This factor is likely to boost the demand for lidding films. Lidding films are eco-friendly and bio-degradable and hence are increasingly replacing semi-synthetic and synthetic films. Governments of various countries have made strict regulations regarding the use of semi-synthetic and synthetic films. Semi-synthetic and synthetic films have adverse effects on food when they come in contact with the food so the governments of these countries are urging against the use of such films. Thus, lidding films are garnering a lot of popularity because of their environment-friendly nature. Other attractive qualities of lidding films that are boosting the growth of Lidding Films market include high stability, high heat resistance, and high tensile strength. Lidding films also find applications in cargo packaging industry. Dual ovenable lidding films are a type of lidding films. Dual ovenable lidding films can be heated in ovens and microwaves to heat up the food. All these factors are estimated to be responsible for the growth of Lidding Films market in the forecast period from 2017 to 2027.
One of the factors that are restraining the Lidding Films market is that lidding films are not able to protect the food from chemical and physical damage.
Nowadays, consumers have an on-the-go and very busy lifestyle and constantly look for convenience. Consumers nowadays prefer ready-to-eat food or packaged foods as compared to traditional home cooked meals only because of the shortage of time for cooking. This is a great opportunity for growth in the Lidding Films market.
Global Lidding Films market is segmented into three types based on product type, end-user, and regions.
Based on the product type, Global Lidding Films market is segmented into- Breathable Lidding Films, Dual-Ovenable Lidding Films, High Barrier Lidding Films and Specialty Lidding Films.
Based on the end-user type, Global Lidding Films market is segmented into- Food packaging industry, Medical and Pharmaceutical industry, Chemical industry, Cosmetics & Personal Care, Electrical & Electronics and Automobile industry.
On the basis of regions, Global Lidding Films market is segmented into- Latin America, North America, Middle East and Africa (MEA), Western Europe, Eastern Europe, Asia Pacific Except Japan (APEJ) and Japan.
North America is the region with the highest demand for packaged food globally. North America is likely to be the dominant region in the Lidding Films market. Increase in the presence of retail outlets such as supermarkets and hypermarkets in Asia Pacific region is the reason attributed to the forecasted growth of Lidding Films Market in this region. Asia Pacific region is estimated to grow at a high CAGR during the forecast period from 2017 to 2027. Another reason attributed to the growth of Lidding Films market in the Asia Pacific region is increased industrialization activities in countries such as China and India. Latin America, Eastern Europe, Western Europe and MEA regions are estimated to have moderate growth rates in Lidding Films market in the forecast period. Increase in the per capita spending on food and beverages in the Japan region is likely to boost the growth of Lidding Films market in this region.