PET Lidding Films Market Analysis

Global PET Lidding Films Market Overview

PET Lidding Films Market Size was valued at USD 0.64 Billion in 2023. The PET Lidding Films industry is projected to grow from USD 0.68 Billion in 2024 to USD 1.07 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.77% during the forecast period (2024 - 2032). Factors such as rapid industrialization and urbanization, rise in the demand for consumer goods and processed food, and rising trend of innovative and sustainable packaging solutions are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

PET Lidding Films Market Trends

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  The rising number of working populations globally is driving the market growth

  
  

Market CAGR for PET lidding films is being driven by the rising working population. As more people join the workforce, there is an increasing need for easy and time-saving packaging solutions. PET lidding films are an effective packaging  and sealing solution for a varity of food and beverage goods, including ready-to-eat meals, snacks, and beverages. These films are suitable for on-the-go consumption due to their quick peelability, resealability, and high barrier qualities. The working population's convenience-oriented lifestyle has increased demand for such packaging options. The increased working population has also resulted in an increase in meal delivery and takeout services. The trend has been accelerated by the introduction of online platforms and smartphone applications that allow for easy food ordering and delivery. PET lidding films are used to ensure the safety, hygiene, and spill-proof transit of these delivery and takeaway meals. The rising food delivery industry has increased demand for PET lidding films significantly.

Another key reason driving demand for PET Lidding Films is the rising demand for sustainable packaging solutions. As environmental issues gain importance, there is a growing emphasis on eco-friendly packaging options. When compared to alternative packaging materials, PET lidding films have advantages in terms of recyclability, lightweight nature, and energy efficiency. As more individuals become aware of environmental issues, there is a greater need for eco-friendly packaging options. The expanding trend of innovative and sustainable packaging solutions, as well as customers' desire to lessen the environmental impact of packaging, enabling manufacturers and brand owners to shift toward environmentally friendly packaging. Several significant firms are concentrating on manufacturing biodegradable peelable lidding films. This will increase the demand for peelable lidding films. PET lidding films are gaining popularity in the market due to their recyclable and ecological properties.

E-commerce involves the packaging of a diverse range of products in various shapes and sizes. PET lidding films can be customized to fit a variety of package types, including trays, cups, containers, and bottles. PET lidding films are suitable for a wide range of e-commerce product categories due to their flexibility and versatility. They also create a secure seal for packaging containers, ensuring that the items remain intact and safe during the delivery process. The films have tamper-evident features that add an extra layer of security and promote consumer trust. PET lidding films also help to keep products fresh and extend their shelf life during e-commerce transit. These films have exceptional barrier qualities, keeping moisture, oxygen, and other pollutants out of the package and influencing product quality. This is especially true for perishable commodities such as food, beverages, and pharmaceuticals.  In 2022, retail e-commerce revenues accounted approximately USD 5.7 trillion globally. Thus, the growing e-commerce market is driving the PET Lidding Films market revenue.

PET Lidding Films Market Segment Insights

PET Lidding Films Product Type Insights

The PET Lidding Films market segmentation, based on Product Type includes High Barrier Lidding Films, Dual-Ovenable Lidding Films, Resealable/Reclosable Films, Specialty Lidding Films, and Breathable Lidding Films. The high barrier lidding films segment is expected to dominate the market, accounting for 52.3% of market share. High barrier lids provide strong barrier protection, preventing leakage or loss of packaged products throughout transportation, allowing distribution of products to the most remote markets. The high barrier lidding coatings extend the shelf life of the goods, allowing it to dominate the market.

Figure 1: PET Lidding Films Market, by Product Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

PET Lidding Films Application Insights

The PET Lidding Films market segmentation, based on Application includes Trays, Cups, Jars & Bottles, and Others. The trays segment is expected to dominate the market during the forecasted period owing to the increased customer convenience provided by trays with lidding films, as well as the use of trays for packing a diverse range of products across numerous industries, making it the most important application in the worldwide lidding films market. According to a study, 38 out of 100 lidding films are applied on trays.

PET Lidding Films End-Use Insights

The PET Lidding Films market segmentation, based on End-Use includes Food & Beverage, Pharmaceutical, and Others. The food & beverage category is expected to hold a dominant share of the market during the forecasted period because of their excellent preservation capabilities, these films can be chilled, frozen, and microwaved, making them suitable for use as a packing film for prepared meals. PET lidding films are widely used to seal cups, bottles, and containers in the dairy and beverage industries. As the demand for dairy products, juices, and carbonated beverages grows, the food & beverage segment grows significantly.

PET Lidding Films Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific PET Lidding Films market will dominate this market due to the rapid industrialization and urbanization, and easy availability of affordable raw materials in the nations. As a result, Asia Pacific holds 45.80% market share in the PET Lidding Films market. Further, the China PET Lidding Films market held the largest market share, and the Indian PET Lidding Films market was the fastest growing market in the region.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: PET LIDDING FILMS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America PET Lidding Films market is expected to hold significant market share According to World integrated trade solution, the United States is the largest food products exporter. It exports USD 88 million thousand worth of food products, accounting for 3.07% of total exports, for which the country requires safe packaging solutions, thus driving the demand for PET lidding films in the region. Further, the US PET Lidding Films market held the largest market share, and the Canada PET Lidding Films market was the fastest growing market in the European region.

The European PET Lidding Films Market is expected to grow at the fastest CAGR from 2023 to 2032, due to factors such as increased investments in packaging, food and beverage items, and pharmaceutical products. The medical sector in the region has grown dramatically. As a result, the pharmaceutical industry's demand for PET lidding films has increased significantly. Moreover, Germany’s PET Lidding Films market held the largest market share, and the UK PET Lidding Films market was the fastest growing market in the European region.

PET Lidding Films Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the PET Lidding Films market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, PET Lidding Films industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the PET Lidding Films industry to benefit clients and increase the market sector. In recent years, the PET Lidding Films industry has offered some of the most significant advantages to the Food & Beverage industry. Major players in the PET Lidding Films market, including Uflex LTD (India), Plastopil (Israel), Wipak Walsrode Gmbh & Co. Kg (Germany), Impak Films Pty. Ltd (Australia), Amcor PLC (Australia), Mondi (Austria), Berry INC (US), Sealed Air Corporation (US), Clifton Packaging Group Limited (UK) and Others, are attempting to increase market demand by investing in research and development operations.

Amcor plc is a packaging manufacturer known for its range of flexible and rigid packaging solutions. It was founded in 1896, and is headquartered in Zurich, Switzerland. As of 2022, Amcor plc has around 220 manufacturing sites globally that employs over 44,000 employees in 43 countries. Net sales for June 2022 accounted for USD 11,151 Million. The company operates in three major segments: Flexibles, Rigid Packaging, and Other. It offers various lidding films, including PET-based options. Amcor plc frequently innovates and introduces new products to meet evolving market needs.

Berry Group, Inc. is a leading manufacturer and supplier of innovative packaging and engineered materials based in the United States. The company operates in various sectors, including packaging, consumer, and industrial markets. Berry was founded in 1967 as Imperial Plastics, a small plastic packaging manufacturer. Its revenue as at October 2022 stood at USD 14,495. Berry Global, Inc. employs 46,000 people and has a strong presence with manufacturing facilities, offices, and distribution centers located across North America, South America, Europe, Asia, and Australia.

Key Companies in the PET Lidding Films market include

• Uflex LTD (India)


• Plastopil (Israel)


• Wipak Walsrode Gmbh & Co. Kg (Germany)


• Impak Films Pty. Ltd (Australia)


• Amcor PLC (Australia)


• Mondi (Austria)


• Berry INC (US)


• Sealed Air Corporation (US)


• Clifton Packaging Group Limited (UK) 

PET Lidding Films Industry Developments

August 2021 - Amcor plc launched healthcare lidding technology for combination healthcare goods such as devices containing an active pharmaceutical ingredient, which serves as the foundation of medicine. This technology guarantees machinability and integrity following sterilization, as well as patient-friendly peel opening.

April, 2022 - Berry Group, Inc. has announced a $70 million investment to promote ongoing expansion in consumer packaging films, primarily for food, and beverage and e-commerce applications.

PET Lidding Films Market Segmentation

PET Lidding Films Product Type Outlook

• High Barrier Lidding Films


• Dual-Ovenable Lidding Films


• Resealable/Reclosable Films


• Specialty Lidding Films


• Breathable Lidding Films

PET Lidding Films Application Outlook

• Trays


• Cups


• Jars & Bottles


• Others

PET Lidding Films End-Use Outlook

• Food & Beverage


• Pharmaceutical


• Others

PET Lidding Films Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America