Lidding Films Market by End-user and Geography - Forecast and Analysis 2022-2026

The lidding films market share is expected to increase by USD 1.36 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.50%.

This lidding films market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (food and beverage, pharmaceutical, personal care and cosmetics, and others) and geography (North America, Europe, APAC, South America, and MEA). The lidding films market report also offers information on several market vendors, including Amcor Plc, Berry Global Group Inc., FFP Packaging Ltd, FLAIR Flexible Packaging Corp., Golden Eagle Extrusions, Inc., Impak Films Pty. Ltd., Multi Plastics Inc., Plastopil Hazorea Co. Ltd, UFlex Ltd., and Wipak Group among others.

What will the Lidding Films Market Size be During the Forecast Period?

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Lidding Films Market: Key Drivers and Trends

The rising focus on improving the shelf life of products is notably driving the lidding films market growth, although factors such as stringent regulations on the manufacture of plastic packaging may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lidding films industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Lidding Films Market Driver

One of the key factors driving growth in the lidding films market share is the rising focus on improving the shelf life of products. The increase in the shelf life of products helps manufacturers keep them for sale for a longer time, thereby reducing the wastage of the product. The increase in shelf life also aids in the transportation and export of perishable products such as food, beverages, and medicines to different places without any damage. Lidding films help prevent spoilage of food products by creating a tight seal that keeps air, moisture, and other substances from entering the packaging. In the case of lidding films, shelf-life extension is achieved using modified atmosphere packaging (MAP). The use of MAP allows the air in the package to be replaced with a different, fixed mixture of gases, while the use of lidding films prevents the gas from leaking out of the package. The rise in the availability of such products with added features is likely to increase the demand for lidding films during the forecast period.

Key Lidding Films Market Challenge

The stringent regulations on the manufacture of plastic packaging will be a major challenge for the growth of the lidding films market vendors. Regulatory organizations such as the US Environmental Protection Agency (EPA) have implemented various stipulations for the market. To be used for packaging operations, packaging companies must comply with the following regulations and standards in different countries: The US EPA has established the Organic Chemicals, Plastics, and Synthetic Fibers (OCPSF) Effluent Guidelines and Standards (40 CFR Part 414). The British Retail Consortium (BRC) and the Institute of Packaging (IoP) have collaboratively created the BRC/IoP Global Standards for Packaging and Packaging Materials. Such stringent regulations can increase the entry barrier in the market and hinder market growth.

This lidding films market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Lidding Films Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Amcor Plc
• Berry Global Group Inc.
• FFP Packaging Ltd
• FLAIR Flexible Packaging Corp.
• Golden Eagle Extrusions, Inc.
• Impak Films Pty. Ltd.
• Multi Plastics Inc.
• Plastopil Hazorea Co. Ltd
• UFlex Ltd.
• Wipak Group

 

This statistical study of the lidding films market encompasses successful business strategies deployed by the key vendors. The lidding films market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The lidding films market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Lidding Films Market?

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45% of the market's growth will originate from North America during the forecast period. The US is the key market for lidding films in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.

The changing lifestyle of customers and the increasing consumption of fast food and packaged food will facilitate the lidding films market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Lidding Films Market?

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The lidding films market share growth by the food and beverages segment will be significant during the forecast period. The potential growth in the sales of packaged food is generating the demand for lidding films around the globe. Factors such as increased agricultural production, improvements in food processing technology, and changing consumer food consumption patterns have paved the way for the growth of the food and beverage industry in various countries. Food and beverage exports have also increased, mainly to countries in North America, the Middle East, and Southeast Asia. Increasing food and beverage production and their growing export are expected to increase the demand for high-quality packaging, which is necessary to ensure that food products reach their destinations in a secure and hygienic manner. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the lidding films market size and actionable market insights on post COVID-19 impact on each segment.

 

Lidding Films Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.50%
Market growth 2022-2026	$ 1.36 billion
Market structure	Fragmented
YoY growth (%)	5.82
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 45%
Key consumer countries	US, UK, China, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Amcor Plc, Berry Global Group Inc., FFP Packaging Ltd, FLAIR Flexible Packaging Corp., Golden Eagle Extrusions, Inc., Impak Films Pty. Ltd., Multi Plastics Inc., Plastopil Hazorea Co. Ltd, UFlex Ltd., and Wipak Group
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Lidding Films Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive lidding films market growth during the next five years
• Precise estimation of the lidding films market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the lidding films industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of lidding films market vendors

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