Market Research on Lidding Films Market 2017 and Analysis to 2027
Recent years have seen a dynamic shift in the manufacturing of the product and its packaging. Lidding Films manufacturers are mainly focusing on upgrading new technology and implementing it in packaging materials. Lidding Films are usually used for covering trays, tubs, bowls, cups, etc. due to the strength it possesses such as high tensile, heat resistance and stability. Lidding Films are also eco-friendly and are available in the biodegradable form which is helpful for protecting environmental. In addition, lidding films also increases the shelf life of the product due to its high barrier resistance. Lidding films are also useful in cargo packaging due to its high tensile strength. Lidding Films are also process optimized which helps in giving a cost effective due to the cheaper raw material.
Lidding Films hold escalation due to upsurge demand for food packaging and this resulted in the expansion of the sales for lidding films so that it can provide extended shelf life to the products and this trend is expected to grow over the forecast period 2017-2025. Lidding Films market have seen an increase in the penetration of retail outlets in Asia Pacific region which are driving the demand for lidding films market. In addition, lidding films market is positively influenced by the change in lifestyle of developing countries across the globe and are fueling in demand. With the increasing population, the need for packaging of fresh food is increasing which has created a significant opportunity for lidding films. However, lidding films are not able to protect the food products from physical and chemical damage externally which can create a restraint for its market. Furthermore, lidding films have concerns regarding the environmental effects of the use of plastic disposal from the government.
The lidding films can be segmented by the product type, substrate, by application, and by end use industry. On the basis of product type, the global Lidding Films is segmented into: Dual-Ovenable Lidding Films, Specialty Lidding Films, High Barrier Lidding Films, Breathable Lidding Films; On the basis of substrate, the global Lidding Films is segmented into: PE, PET- CPET, APET, RPET; PP, PVC, HIPS, Paperboard, Others; On the basis of application, the global Lidding Films is segmented into: Fresh Food, Frozen Meals, Meat, seafood & poultry, Dairy products, Pet food, Industrial, Others; On the basis of end use industry, the global Lidding Films is segmented into: Packaging, Cosmetics & Personal Care, Pharmaceutical, Automobiles, Electrical & Electronics, Chemical, Others; The global lidding films market can be divided into seven major regions which are as follows: North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, Middle East & Africa
North America region is estimated to dominate the lidding film’s market over the forecast period due to demand for packaged food. Europe region is also expected to witness a steady growth for lidding films market throughout the forecast period. In Asia Pacific region, lidding films market is expected to have the highest growth over the forecast period. Furthermore, the market for lidding films in Asia Pacific region is mainly dominated by China and India due to its vast scope for rapid industrialization. Latin America and the Middle East & Africa region are expected to have a steady growth for lidding films market.
Few of the key players in lidding films are Sealed Air Corp, Amcor Limited, E.I. du Pont de Nemours & Co, Bemis Company, Inc., Berry Global, Inc., Winpak Ltd., Plastopil Hazorea Company Ltd, Danafilms Corp., Cosmo Films Ltd, Flexopack SA, Chaozhou Chaoan Keneng Print Co., Ltd., Jiangmen Pengjiang Hualong Packing Materials Co., Ltd, Shantou Weiyi Packaging Co., Ltd., Zhongsu New Materials Technology (Hangzhou) Co., Ltd., Dongying Jiachuan Commerce And Trade Co., Ltd., etc.
Amcor Limited launched a new innovative range of lidding films which are fully recyclable. Cosmo films launched a new range of universal lidding films which can be used for all types of thermoformed plastic containers.
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