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Lidding Film Food Packaging Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

Summary

Lidding Film Food Packaging Market Size, 6.1% CAGR, Growth, Analysis, by Product (Dual-Ovenable Lidding Film Food Packaging, Specialty Lidding Film Food Packaging, High Barrier Lidding Film Food Packaging and Others), by Material (Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene (PE), Polyethylene Terephthalate (PET), Ethylene Vinyl Alcohol (EVOH), and Others), by Application (Cups, Tray, Cans & Bottles, and others), by End-user (Food & Beverage, Pharmaceutical, Personal Care & Cosmetics, and Others) and Region – Forecast To 2023

Market Highlights

Lidding Film Food Packaging are usually used for covering trays, tubs, bowls, cups, etc. due to their high tensile strength, heat resistance, and stability, due to which they are also useful in cargo packaging. Lidding Film Food Packaging increase the life of the product due to its high barrier resistance. Lidding Film Food Packaging also are process optimized, which makes them cost effective. Lidding Film Food Packaging market have seen an increase in the penetration of retail outlets in Asia Pacific, which drives the demand for Lidding Film Food Packaging. Additionally, with the increasing population, the need for packaging of fresh food is increasing which has created a significant opportunity for Lidding Film Food Packaging. Moreover, Lidding Film Food Packaging manufacturers are focusing on upgrading new technology and implementing it in packaging materials. This also has the positive influence on the growth of the market. However, Lidding Film Food Packaging have concerns regarding the environmental effects of the use of plastic disposal from the government is the major factor that hinder the market growth.

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Global Lidding Film Food Packaging market is projected to grow at a CAGR of 6.1% during the forecast period.

Key Players

The prominent players in the global Lidding Film Food Packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Ampac Packaging LLC (U.S.), The Mondi Group (Austria), Sealed Air Corporation (U.S.), Constantia Flexibles Group GmbH (Austria), Berry Plastics Corporation (U.S.), Wipak Walsrode GmbH & Co. KG (Germany), Toray Plastics (America), Inc (Japan), Uflex Ltd (India), Schur Flexibles Holding GembH (Austria), Clifton Packaging Group Ltd (U.K.), Plastopil Hazorea Company Ltd. (Israel), Linpac Packaging Limited (U.K.), and Impak Films Pty Ltd (Australia).

Market Research Analysis

The Global Lidding Film Food Packaging Market has been segmented based on technology, product, end-user, and region. On the basis of end-user, the market has been segmented as food & beverage, pharmaceutical, personal care & cosmetics, and others. Food & Beverage dominates the application segment of the market and is expected to have the highest CAGR during the forecast period. Increasing population along with growing demand for food and beverages drives the growth of the market. The food products packaged using these films contain less preservatives than canned food products. This has increased their acceptance among health-conscious consumers. Transparent barrier packaging film is a preferred material for the packaging of meat, sausages, vegetable, and some beverages in the food industry. Pharmaceutical application is expected to contribute significantly during the forecast period.

On the basis of material, the market has been segmented into Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene (PE), Polyethylene Terephthalate (PET), Ethylene Vinyl Alcohol (EVOH), and Others. Polypropylene (PP) dominates the material segment of the market and is expected to be the fastest growing material segment. On the basis of application, the market is segmented as Cups, Tray, Cans & Bottles, and others. The trays segment dominates the application segment of the market and is expected to have the highest CAGR during the forecast period.

Scope of the Report

This study provides an overview of the global market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Lidding Film Food Packaging market by its technology, product, end-user and region.

By Product

Dual-Ovenable Lidding Film Food Packaging

Specialty Lidding Film Food Packaging

High Barrier Lidding Film Food Packaging

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

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