Lidding Films Market - Forecasts from 2019 to 2024

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 introduction of eco-friendly lidding films is anticipated to create growth opportunities for the lidding films market. However, the government regulations regarding the use of plastics is 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.

Drivers

Rising demand for customer friendly packaging.

Increasing demand for products with longer shelf life.

Growing food & beverage sector.

Restraints

Government regulations regarding 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.

Segmentation

The lidding films market has been analyzed through the following segments:

By Material

Polyethylene
Polypropylene
Aluminium
PET
Polyamide
PVC
Others

By End-User

Food and Beverage
Pharmaceuticals
Cosmetics
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others