Lidding Films Market, to grow at ~5.81% CAGR, during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Lidding Films Market” that contains the information from 2022 to 2030.

Lidding Films Market Highlights

Flexible packaging films include lidding films. In general, they are produced from flexible packaging materials including paper, foils, polyethylene, polyester, and others. Lidding films come in lock-tight and simple-peel varieties. The consumer can rather easily peel the film from the container while using easy peel, as the name would imply.  During the forecast period of 2022 to 2030, an increase in the demand for food packaging is anticipated to accelerate market expansion. Increased demand for processed foods, changes in global developing nations' lifestyles, consumer trust in online food purchases over traditional grocery items, and the environmentally friendly properties of biodegradable lidding films and caps are all anticipated to play major roles in the market's expansion for lidding films. The simple accessibility of raw resources and the affordability of labor are the main drivers of market expansion.  

Market Synopsis

According to the MRFR analysis, the Global Lidding Films Market size is projected to reach USD  6.051billion by 2030 at a CAGR of 5.81%.

Lidding Films Market is expected to grow at a CAGR of 5.81% over the forecast duration 2022-2030. The market for high barrier lidding film is primarily being driven by the increasing demand for packaged goods and beverages around the world. The market for high barrier lidding film is being stimulated by consumers' increasing preference for fresh and ready-to-eat food goods that are packaged in attractive cups and trays under low oxygen modified atmosphere packaging.     

The global lidding films market was valued at USD 3.64 billion in 2021 and expected to reach USD 6.051billion by 2030, registering a CAGR of 5.81% over the forecast duration. North America accounts for the largest market share (38.57%) followed by Europe (29.42%) and Europe (22.73%). Asia Pacific is expected to register the highest CAGR (6.76%) followed by North America (5.90%) over the forecast duration 2022-2030.

This industry has had a range of effects from the COVID-19 epidemic. Travel restrictions and operating limitations have a negative effect on market expansion. However, packaged meals and beverages are experiencing a surge in the market due to the rising demand for vital food goods and shelf-stable foods. The market for anti-fog lidding films, vacuum packaging, trays, protective films, PVC films, and shelf life-extending modified atmospheric packaging is benefiting from the rise in demand for grocery and dairy products. The market is thriving because of considerable government actions like immunization campaigns. Several industrial sectors are strategically intending to invest in cutting-edge items to increase income considering the economic recovery. Therefore, it is anticipated that the demand for anti-fog lidding films will increase at a positive and steady rate in the coming years due to the opening of several growth markets in the region, an increase in the demand for packaged foods, the development of vaccines, and initiatives taken by various governments to support economic and industrial growth.

Competitive Landscape

The global lidding films market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. Intense competition, frequent changes in government policies, and regulations are key factors that impact market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. The vendors must provide cost-efficient and high-quality lidding films to sustain their presence in an intensely competitive market environment.

The leading players such as Amcor plc, Berry Global, Inc., Mondi plc, Sealed Air Corporation, Uflex Ltd, are dominating the market due to their advanced product offerings, high industry experience, and geographic reach. These players may establish their presence worldwide through strategic partnerships and acquisitions during the forecast period. Players with access to better technologies can develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment in the market is likely to intensify further due to the technological advancements.

Segmentation

By Product Type

• Dual-ovenable lidding films: Dual ovenable lidding films are frequently suggested for packing meat and other perishables due to their high barriers against air, moisture, and bacteria. To efficiently reach consumers, manufacturers are collaborating with retailers and distributors. Sales of dual ovenable lidding film will increase because emerging economies are enabling direct investments from industrialized nations in the wholesale sector.


• Specialty lidding films: The market has expanded positively because of rising awareness of and use of improved functional films in sealing and packing procedures that provide hygiene and strict preservation measures. Manufacturers are constantly working to create premium lidding films that adhere to FDA rules. Lidding film companies are offering new substitutes including flexible nature, peelable, re-sealable, anti-fog, and custom-printed films.


• High barrier lidding films: The purpose of the high barrier lidding film is to keep the products secure and increase their shelf life. To safeguard product integrity and maintain quality in the case of permeation by water, taste, oxygen, gas, aroma, and light, high barrier lidding films are employed in the packaging business. High barrier lidding films have become more popular due to their benefits, including their light weight, excellent performance, and attractive packaging.


• Breathable lidding films: Designed as a weld or peelable seal, these films are perfect for the packaging of fresh-cut tomatoes and onions or any other product that needs increased breathability. Always in stock and always available for custom slitting. Designed as a weld or peelable seal, these films are perfect for the packaging of fresh-cut tomatoes and onions or any other product that needs increased breathability. Always in stock and always available for custom slitting.

By Material Type

• Polypropylene (PP): polypropylene, a synthetic resin built up by the polymerization of propylene. One of the important family of polyolefin resins, polypropylene is molded or extruded into many plastic products in which toughness, flexibility, light weight, and heat resistance are required.


• Polyvinyl Chloride (PVC): Polyvinyl chloride or vinyl (PVC) is a polymer in which more than half of the content by weight consists of chlorine. PVC is produced by polymerization of the vinyl chloride monomer. PVC comes in two basic forms: Rigid and flexible.


• Polyethylene (PE): Polyethylene (PE), light, versatile synthetic resin made from the polymerization of ethylene. Polyethylene is a member of the important family of polyolefin resins. It is the most widely used plastic in the world, being made into products ranging from clear food wrap and shopping bags to detergent bottles and automobile fuel tanks. It can also be slit or spun into synthetic fibers or modified to take on the elastic properties of a rubber.


• Polyethylene Terephthalate (PET): Polyethylene terephthalate which is also abbreviated as PET / PETE is mainly used to manufacture the packaging material for food products such as fruit and drinks containers. It is lightweight, transparent, and available in some color. It is a member of the ester family so also called as polyester. It is a recyclable thermoplastic polymer with good strength, ductility, stiffness and hardness, therefore, can be processed through vacuum forming, injection molding, compression molding and blow molding.


• Ethylene Vinyl Alcohol (EVOH): Ethylene vinyl alcohol (EVOH) is a formal copolymer of ethylene and vinyl alcohol. Ethylene vinyl alcohol (EVOH) is one of the best known flexible thermoplastic oxygen barrier materials in use. It is especially important for refrigerated and shelf-stable foods where oxygen deteriorates the quality of packaged products and reduces their shelf life.

By End-User Type

• Food: The most typical applications for lidding films include sealing food items such dairy goods like sour cream and cottage cheese in plastic containers, paperboard pints, or trays. Canned soups, meats, microwaveable meals, and other foods packaged in rigid containers are examples of other products that may be wrapped in lidding films.


• Beverages: In beverages industry Lidding films are most used to seal plastic containers, paperboard pints, or trays for food items such as dairy products like sour cream and cottage cheese.


• Pharmaceutical: The peelable lidding films' beneficial qualities make them appropriate for use as packaging material in the food industry. Many of the peelable lidding films are used in the food industry. Peelable lidding films provide excellent preservation qualities and are simple to clean and reclose. They are therefore utilized in the pharmaceutical business as packaging film.


• Personal care & cosmetics: The lidding films' beneficial qualities make them appropriate for use as packaging material in the cosmetic industry. Lidding films provide excellent preservation qualities and are simple to clean and reclose. They are therefore utilized in the cosmetic & personal care business as packaging film.

By End-User Type

• Cups: Lidding Film is typically used as a closure for plastic trays, cups, or containers that hold products like meat. cheese, yogurt, soup, and many other food products.


• Trays: Sealing a tray with a lidding film prolongs the shelf life of the food, ensures no leaking on the way home and seals each compartment separately from the other.


• Cans & Bottles: Lidding films are most used to seal plastic containers, paperboard pints, or bottles for food items such as dairy products like sour cream and drinks.

By Region

• North America: One of the biggest marketplaces for lidding films worldwide is North America, which is followed by Europe. Significant product advances, the industrialization of packaging in the region, and the active involvement of the U.S. and Canadian markets all contribute to the region's success. To sustain customer applications, suppliers are utilizing various material combinations. Film manufacturers receive value-added packaging solutions from fully integrated flexible packaging producers. It is becoming a leading region in the global market thanks to suppliers of cutting-edge flexographic and gravure printing presses and extrusion lines for film production. These suppliers have technical capabilities in machinery and materials. They also have close partnerships with East Asian companies and material suppliers.


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• Europe: Europe is one of the prominent regions in the PET lidding films market in 2020, owing to factors such as the increased investments by the companies in packaging food & beverage and pharmaceutical products. The region has witnessed tremendous growth in the medical sector. This has increased the need for PET lidding films in the pharmaceutical industry. The food & beverage industry holds the largest share of the domestic market due to the increasing dependency on packaged food and beverages in the region. Europe comprises Germany, the UK, France, Spain, and the rest of Europe. The region holds the largest share of the PET lidding films market. It is home to several major companies, such as Mondi Group and Wipak Walsrode GmbH & Co. KG, which support the growth of the market for PET lidding films.


• Asia- Pacific: The demand from the expanding processed and packaged food industry in East Asia is a primary driver of the market for specialty lidding films. The demand for medium-term outlooks seems to be growing in emerging countries. The region is distinguished by a fierce competitive base, which includes both local players and well-known brands. Japan and China, for example, are important market influencers. Another important component influencing the supply chain is the accessibility of raw materials. The area is renowned for having many producers working on movie productions. Production capacity is expected to increase in East Asia in the next years as businesses continue to investigate exciting opportunities in the specialized lidding film industry.


• Middle East & Africa: Mitsubishi Chemical Holdings Corporation, TOPPAN PRINTING CO., LTD., Sumitomo Printing Co., Ltd., and others are key players that are currently operating in this sector more actively in order to achieve the high value of market share and lead the fastest market growth in the Middle East and Africa in the coming years while investing a significant sum in technological advancement that further increases the efficiency of the barrier films. Additionally, many market participants have benefited from adopting efficient work strategies and policies after carefully examining the relevant market factors and key strengths of both current and potential investors. These strategies and policies have proven to be profitable for boosting market growth and generating income in the Middle East and Africa over the course of the anticipated period.


• South America: Numerous consumers are gravitating toward packaged foods due to increased disposable income and changing dietary preferences. This trend will help to increase consumer interest in tinned foods, which is predicted to fuel market expansion along with rising pre-packaged food consumption. This factor, in turn, is expected to drive the demand for the market in the region over the forecast duration. Although the increasing demand for food goods with longer shelf lives, the use of barrier films to store gases, the growing necessity of multi-layer packaging, and many other factors are the main drivers for the market's expansion more favorably. As a result, it is projected that in the near future, South America would have a more positive growth in the market for barrier films.