Global lidding film market is expected to grow at a compound annual growth rate of 5.01% to reach a market size of US$3,262.763 million by 2024 from US$2,433.333 million in 2018.
Lidding films are used for covering food products stored in containers to extend their shelf life and avoid contamination. These are light in weight and suitable for packaging. The major industries driving the market for lidding films are food & beverage, pharmaceutical, and cosmetics among other items. The increasing food & beverage industry
is expected to augment the market growth for lidding films. Further technological innovations like the introduction of eco-friendly lidding films are anticipated to create growth opportunities for the lidding films market. However, government regulations regarding the use of plastics are expected to hamper the market growth. Asia-Pacific is expected to be a prominent region owing to the increasing food & beverage sector in the region. North America and Europe are also anticipated to hold a significant share in the market during the forecast period.
Rising demand for customer-friendly packaging.
Increasing demand for products with longer shelf life.
Growing food & beverage sector.
Government regulations regarding the use of plastics.
The major players profiled in the lidding films market include Sealed Air Corporation
, Toray Plastics (America) Inc., ProAmpac, Plastopil Ltd, Berry Global Inc., Multi-Plastics Inc., and Golden Eagle Extrusions Inc., among others.
Lidding Films Market Scope:
| Market size value in 2018
|| US$2,433.333 million
| Market size value in 2024
|| US$3,262.763 million
| Growth Rate
|| CAGR of 5.01% from 2018 to 2024
| Base year
| Forecast period
| Forecast Unit (Value)
|| USD Million
| Segments covered
|| Material, End-User, And Geography
| Regions covered
|| North America, South America, Europe, Middle East and Africa, Asia Pacific
| Companies covered
||Sealed Air Corporation, Toray Plastics (America) Inc., ProAmpac, Plastopil Ltd, Berry Global Inc., Multi-Plastics Inc., Golden Eagle Extrusions, Inc., Sappi Rockwell Solutions Limited, Cosmo Films, Ltd., RPC bpi Group, KM Packaging Services Ltd., TCL Packaging Ltd.
| Customization scope
|| Free report customization with purchase
The lidding films market has been analyzed through the following segments:
Food and Beverage
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the lidding film market size by 2024?
A1. The global lidding film market is expected to reach a market size of US$3,262.763 million in 2024.
Q2. What is the size of the global lidding film market?
A2. The lidding film market was valued at US$2,433.333 million in 2018.
Q3. What are the growth prospects for the lidding film market?
A3. The global lidding film market is expected to grow at a CAGR of 5.01% during the forecast period.
Q4. What factors are anticipated to drive the lidding film market growth?
A4. The major industries driving the market for lidding films are food & beverage, pharmaceutical, and cosmetics among other items.
Q5. Which region holds the largest market share in the lidding film market?
A5. Asia-Pacific is expected to be a prominent region owing to the increasing food & beverage sector in the region.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. LIDDING FILMS MARKET BY MATERIAL
6. LIDDING FILMS MARKET BY END-USER
6.1. Food and Beverage
7. LIDDING FILMS MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Sealed Air Corporation
9.2. Toray Plastics (America) Inc.
9.4. Plastopil Ltd
9.5. Berry Global Inc.
9.6. Multi-Plastics Inc.
9.7. Golden Eagle Extrusions Inc.
9.8. Sappi Rockwell Solutions Limited
9.9. Cosmo Film Ltd.
9.10. RPC bpi Group
9.11. KM Packaging
9.12. TCL Packaging Ltd.
LIST OF FIGURES
LIST OF TABLES
Sealed Air Corporation
Toray Plastics (America) Inc.
Berry Global Inc.
Golden Eagle Extrusions, Inc.
Sappi Rockwell Solutions Limited
Cosmo Films, Ltd.
RPC bpi Group
KM Packaging Services Ltd.
TCL Packaging Ltd.