Increased consumption of processed foods & beverages, and innovation in packaging, drive the Global Lidding Films Market

Market Research Future published a half-cooked research report on Global Lidding Films Market that contains the information from 2017 to 2023. Global lidding films is expected to grow with the CAGR of approximately 6.1% from 2017 to 2023.

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Lidding films are usually used for covering trays, tubs, bowls, cups, etc. due to their high tensile strength, heat resistance, and stability. Lidding films are also eco-friendly and are available in a biodegradable form, which is helpful for protecting environmental. The market is driven by various factors such as increased consumption of processed foods & beverages, and innovation in packaging. The higher disposable income in developing countries increases the purchasing power. Hence, consumer dependence on processed, pre-cooked and packed foods, here, will increase. As a result the market has been impacted, positively. However, growing environmental concerns regarding the biodegradability is negatively affecting the market.

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 applications of the market and is expected to have the highest CAGR during the forecast period.

The global lidding films market is projected to grow at CAGR of 6.1% during the forecast period.

North America region dominates the lidding films market.

On the basis of regions, global lidding films market is segmented as North America, Europe, Asia Pacific and Rest of the World (RoW). North America region dominates the market. High demand for the packaged food in the region, drives the growth of the market. U.S. accounted for the largest market share in North America. Continuously growing pharmaceuticals market in North America region have a positive influence on the growth of the market.

Asia Pacific region is expected to have a phenomenally high growth in demand for lidding films. A high and still increasing urban population in this region is expected to ramp up its demand for several types of packaging in the consumer goods industry, providing plenty of opportunities for players in the global lidding films market. China, Japan, India, Australia and Indonesia are the major markets in Asia Pacific region. China accounts for the largest market share in the Asia Pacific, mainly due to the rapid growth in urbanization and industrial development.

Europe is another major market for lidding films. Countries such as Germany, France and U.K. have very high healthcare expenditure. Rising consumer demand in preventive health, and increased spending by the government on healthcare are some factors driving the growth of the market.

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The prominent players in the global lidding films market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Ampac Packaging LLC (U.S.), The Mondi Group (Austria), Sealed Air Corporation (U.S.), Constantia Flexibles Group GmbH (Austria), Berry Plastics Corporation (U.S.), Wipak Walsrode GmbH & Co. KG (Germany), Toray Plastics (America), Inc (Japan), Uflex Ltd (India), Schur Flexibles Holding GembH (Austria), Clifton Packaging Group Ltd (U.K.), Plastopil Hazorea Company Ltd. (Israel), Linpac Packaging Limited (U.K.), and Impak Films Pty Ltd (Australia).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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