Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4,000 Million | USD 7000 Million | 7.25% | 2022 |
FrequentlyAsked Questions
Lidding films are utilized for packaging trays, tubs, bowls, and cups as a result of their toughness, tensile strength, heat resistance, and stability.
The global lidding films market growth over forecast period can be owing to lidding films help in retaining the freshness as well as taste of food for a long duration.
According to a study, the global lidding films industry size was $4,000 million in 2022 and is projected to reach $7,000 million by the end of 2030.
The global lidding films market is anticipated to record a CAGR of nearly 7.25% from 2023 to 2030.
North America is set to dominate the global lidding films industry over the forecasting timeline owing 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.
The global lidding films market is led by 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, and Impak Films Pty Ltd.
The global lidding films market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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