Die-cut Lids Market Strong Development By Major Eminent Players, Emerging Technology Trends

The global die-cut lids market features a moderately consolidated at present, but could witness entry of several new participants rendering the market to be competitive, says a new report by Transparency Market Research (TMR). In the highly competitive market, players are strategizing on organic and inorganic growth to strengthen their footprint in emerging markets. Players are focused to leverage their core business strengths to bring new products to the market with reduced turnaround time. Efforts for the design and technological aspects of packaging is also the focus of companies in the market to tap opportunities in emerging markets.

Some of the leading companies operating in the global die-cut lids market are Amcor Limited, Winpak Ltd., Bemis Inc., Sealed Air Corporation, CLONDALKIN GROUP, Constantia Packaging, and Watershed Packaging.

TMR estimates that the global die-cut lids market is expected to be valued at US$852.2 mn by 2025 increasing from a valuation of US$515.2 mn in 2016 at a CAGR of 5.9% between 2017 and 2025. The die-cut lids market is expected to rise at a CAGR of 5.2% between 2017 and 2025 in terms of volume.

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Asia Pacific to Emerge as Attractive Regional Market

The material type segments of the global die-cut lids market are paper, plastic, aluminum, and others. Of these, aluminum is expected to be the most attractive segment and account for 68.8% of the market by the end of 2017. Food products is expected to display the leading growth rate over the forecast period with the segment accounting for 80.4% of the market by the end of 2017. The report studies the global die-cut lids market with respect to the regional markets of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is anticipated to be the most attractive market displaying a CAGR of 7.0% between 2017 and 2025.