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Lidding Film Food Packagings are extensively used to cover tubs, trays, cups, bowls, and others owing to their heat resistance, high tensile strength, and stability. Due to these properties, they are also used in cargo packaging.
Segmental Analysis
The Lidding Film Food Packagings market is segmented on the basis of product, material, application, and end user.
By product, the market is segmented into dual-ovenable Lidding Film Food Packagings, specialty Lidding Film Food Packagings, high barrier Lidding Film Food Packagings, and others. Among these, high barrier Lidding Film Food Packagings will lead the market due to certain benefits like high performance, lightweight, and attractive packaging.
Based on application, the market includes tray, cups, cans & bottles, and others. Among these, trays dominate the market and will register the fastest CAGR.
By end use, the market comprises pharmaceutical, food & beverage, personal care & cosmetics, and others.
Regional Frontiers
Geographically, the Lidding Film Food Packagings market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).
The Asia Pacific will expand at the fastest rate owing to the booming packaging industry. With rapid urbanization and industrialization, especially in developing economies like India and China, the Lidding Film Food Packagings market is estimated to flourish. The high availability of raw materials, coupled with the low labor cost, has enabled the market to reach out to the consumers. In this region, China acquires the largest share due to the developing industries and urbanization.
Europe is a prominent region for the Lidding Film Food Packagings market as the packaging industry holds a strong ground here. The increased demand and fast rate of product development and innovation have encouraged the market growth. The Lidding Film Food Packagings market offers greener alternatives to conventional plastic packaging.
Industry Updates
On August 2018, KM Packaging developed mono-PET film range by using K Peel advanced Lidding Film Food Packaging solutions. The range is a seal and peel solution which has been specifically designed for pressed and pulp board trays.
Competitive Dashboard
The top players operating in the global Lidding Film Food Packagings market are Bemis Company, Inc. (U.S.), Amcor Limited (Australia), The Mondi Group (Austria), Ampac Packaging LLC (U.S.)
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