Lidding Films Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2030

Lidding Films Industry Prospective:

The global lidding films market size was evaluated at $4,000 million in 2022 and is slated to hit $7,000 million by the end of 2030 with a CAGR of nearly 7.25% between 2023 and 2030.

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Lidding Films Market: Overview

Lidding films are utilized for packaging trays, tubs, bowls, and cups as a result of their toughness, tensile strength, heat resistance, and stability. Rapidly altering lifestyles coupled with changing economic structures has resulted in escalating demand for organized retail activities and this will steer the product penetration in hypermarkets and supermarkets. The surge in the investment for branding of newly introduced items by food service firms will drive product demand in the years to come.

Key Insights

• As per the analysis shared by our research analyst, the global lidding films market is projected to expand annually at the annual growth rate of around 7.25% over the forecast timespan (2023-2030)
• In terms of revenue, the global lidding films market size was evaluated at nearly $4,000 million in 2022 and is expected to reach $7,000 million by 2030.
• The global lidding films market is anticipated to grow rapidly over the forecast timeline owing to the growing need for improving the shelf life of food and reducing contamination of food products.
• In terms of material, the polypropylene (PP) segment is slated to register the highest CAGR over the forecast period.
• Based on product, the specialty lidding films segment is projected to record a massive surge in the coming years.
• Based on end-user, the food & beverages segment is projected to lead the segmental space in the upcoming years.
• Region-wise, the North American lidding films industry is projected to register the fastest CAGR over the forecast timeline.

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Lidding Films Market: Growth Factors

Escalating demand for enhancing the shelf life of food products to embellish the growth of the market globally

The growth of the global lidding films market over the forecast timespan is due to a rise in the need for food packaging. Moreover, a prominent increase in the surge of product sales will augment the global market size in the ensuing years. Furthermore, the global market progression is favorably influenced by to rapidly changing life patterns of people in emerging economies. The growing need for improving the shelf life of food and reducing contamination of food products will steer the global market trends. A massive requirement for fresh foods along with a rapidly increasing population has translated into a huge requirement for packaging, thereby promoting the expansion of the global market.  

Moreover, lidding films help in retaining the freshness as well as taste of food for a long duration and this will embellish the expansion of the lidding films market globally over the forecast timespan. New product launches are projected to steer the expansion of the global market in the years ahead. For instance, in June 2023, Parkside, a UK-based flexible packaging firm, introduced a slew of sustainable lidding films to address issues such as the sustainability of packaging in the country. The move will boost the growth of the market in the UK.  In February 2019, KM Packaging Services Limited, a global films & food packaging firm, introduced two innovative K Peel Ambtort lidding films to fulfill the complex requirements of the global pet food sector. The initiative will boost the expansion of the global market.

Lidding Films Market: Restraints

Huge prices of raw components hinder the global industry elevation over the forecast period

Lidding films cannot protect food from physical or chemical damage and this can prove to be detrimental to the global lidding films market growth in the foreseeable future. High raw material costs can further deter the growth of the global industry in the coming years.

Lidding Films Market: Opportunities

Rising use of the product by small & medium-scale firms to open new facets of growth for the global market

Surging acceptance of lidding films by small & medium-scale firms is likely to help the global lidding films market explore new panoramas of growth. Apart from this, a large number of manufacturers are focusing on the production of bio-degradable lidding films, thereby erecting a strong growth foundation for the global market. Huge demand for eco-friendly products leading to the manufacture of green packaging products due to consumer preference for them is likely to spike the global market demand.  

Lidding Films Market: Challenges

Escalating prices of products can prove to be a huge challenge to global industry expansion by 2030

High costs of lidding film packaging along with a rise in the export duties of products can result in lesser demand for them in the emerging economies. This factor can prove to be a bigger challenge for the global lidding films industry elevation.

Lidding Films Market: Segmentation

The global lidding films market is sectored into material, product, end-user, application, and region.                                    

In terms of material, the lidding films market across the globe is segregated into polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), ethylene vinyl alcohol (EVOH), and other segments. Furthermore, the polypropylene (PP) segment, which acquired nearly 55% of the global market proceeds in 2022, is projected to record the fastest CAGR over the forecast timeframe. Moreover, the segmental expansion over the coming eight years can be a result of its better sustainability, safety, and graphics. In addition to this, escalating customer demand for sustainable packaging & recyclable solutions to boost the segmental surge.  

Based on the product, the global lidding films industry is divided into specialty lidding films, dual-ovenable lidding films, high barrier lidding films, and other segments. Moreover, the specialty lidding films segment, which led the product segment in 2022, is set to dominate the segmental expansion over the projected timespan. The growth of the segment over the assessment period can be subject to high barrier features of the product along with its ability to be used in sauce, soup, and dip packaging.

Based on the end-user, the lidding films market globally is sectored into personal care & cosmetics, pharmaceutical, food & beverage, and others segments. Furthermore, the food & beverage segment, which dominated the global market share in 2022, is projected to boost the global market progression by 2030. The growth of the segment in the coming eight years can be attributed to a rise in the use of lidding films by supermarket stores for packaging food products to increase their longevity. Apart from this, a rise in product usage in sealing of food products such as sour cream, cottage cheese, meats, canned soups, and meals will steer the segmental expansion.  

Based on the application, the global lidding films industry is bifurcated into cans & bottles, trays, cups, and other segments.

Lidding Films Market: Report Scope

Lidding Films Market: Regional Insights

Asia-Pacific is projected to set a strong grip on the global lidding films market in the upcoming years

Asia-Pacific, which accounted for nearly 40% of the global lidding films market share in 2022, will be the leading region in the coming eight years. Moreover, the regional market elevation over the forecast timeline can be attributed to swift industrialization in countries such as China and India. Apart from this, the easy availability of raw components along with lower labor costs is predicted to leverage the expansion of the regional market. In addition to this, growing product demand in food packaging activities in Australia, Japan, and Indonesia will steer the growth of the market in the region.  

North American lidding films industry is set to register the highest gains in the forecast timeframe. The growth of the industry in the region in the forecast timespan can be subject to the presence of industry behemoths in countries such as the U.S. and Canada. Furthermore, a prominent awareness among the people about food safety and longevity in the region has stimulated the growth of the industry in the region.

Lidding Films Market: Competitive Space

The global lidding films market profiles key players such as:

• Plastopil Hazorea Company Ltd.
• Toray Plastics (America) Inc.
• Uflex Ltd
• Linpac Packaging Limited
• Schur Flexibles Holding GembH
• Clifton Packaging Group Ltd
• Amcor Limited
• Constantia Flexibles Group GmbH
• The Mondi Group
• Ampac Packaging LLC Bemis Company Inc.
• Wipak Walsrode GmbH & Co. KG
• Sealed Air Corporation
• Berry Plastics Corporation
• Impak Films Pty Ltd.

The global lidding films market is segmented as follows:

By Material

• Polyvinyl Chloride (PVC)
• Polypropylene (PP)
• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Ethylene Vinyl Alcohol (EVOH)
• Others

By Product Type

• Specialty Lidding Films
• Dual-Ovenable Lidding Films
• High Barrier Lidding Films
• Others

By End-User

• Pharmaceutical
• Food & Beverages
• Personal Care & Cosmetics
• Others

By Application

• Trays
• Cups
• Cans & Bottles
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa