Lidding Film Food Packaging Market Analysis And Demand With 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.
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.)
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.
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