Lidding Films Market Size to Surpass USD 6.7 Billion by 2028 at 5% CAGR
Lidding Films Market Information By Product, Material, End-User, Application, And Region — Forecast till 2028”, the market is estimated to grow at a 5% CAGR to reach USD 6.7 Billion by 2028.
Asia Pacific Predicted To Be The Quickest Developing Area For The Global Lidding Films Market
Based on regions, the global lidding films market has been divided into Asia Pacific, Europe, North America, and RoW. North America rules the market. Rising requirement for packaged food and consumer goods in this area powers the growth of the global market. In addition to this, rising applications for lidding film packaging with high barrier in this area is also powering the market growth.
Asia Pacific is predicted to be the quickest developing area for the market. Rapid development in Asia Pacific packaging sector is the primary factor power the market growth. Increasing urbanization and industrialization in developing nations such as India and China is also driving market growth. In addition to this, the low labor cost and accessibility of raw materials together creates a positive effect on the growth of the market. Japan, China, Australia, India, and Indonesia are the main markets in Asia Pacific. China adds up for the biggest share of the market in the Asia Pacific area, majorly owing to industrial growth and rapid development in urbanization.
Europe is one more main region for lidding films market. It is predicted to add considerably in the coming years. The packaging sector has a solid foothold in Europe, due to a high requirement paired with swift rates of product development and innovation. The European lidding films market is also being pushed towards offering greener options to traditional plastic packaging. Middle-East & Africa and South America regions are also predicted to show a positive development due to increasing requirement from the e-commerce industry during the forecast period.
The major players in the global market for lidding films comprise -
- Linpac Packaging Limited
- Amcor Limited
- Ampac Packaging LLC
- Bemis Company
- Sealed Air Corporation
- The Mondi Group
- Berry Plastics Corporation
- Constantia Flexibles Group GmbH
- Toray Plastics (America)
- Wipak Walsrode GmbH & Co. KG
- Schur Flexibles Holding GembH
- Uflex Ltd
- Plastopil Hazorea Company Ltd.
- Clifton Packaging Group Ltd
- Impak Films Pty Ltd.
The global lidding films market is segmented as follows:
By Product
- Dual-Ovenable Lidding Films
- Specialty Lidding Films
- High Barrier Lidding Films
- Others
By Material
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Ethylene Vinyl Alcohol (EVOH)
- Others
By Application
- Cups
- Tray
- Cans & Bottles
- Others
By End-user
- Food & Beverage
- Pharmaceutical
- Personal Care & Cosmetics
- Others
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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