Global Polyethylene Terephthalate (PET) Lidding Films Market, By Type (High Barrier Lidding Films, Dual-Ovenable Lidding Films, Resealable/Reclosable Films, Specialty Lidding Films, Breathable Lidding Films), Seal (Peel-able Seal Top, Permanent Seal Top), Products (Meat Products, Prepared Meals, Dairy Products, Frozen Food), Application (Trays, Cups, Jars and Bottles, Others), End-Use (Food and Beverage, Pharmaceutical, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Polyethylene Terephthalate (PET) Lidding Films Market
Polyethylene terephthalate (PET) lidding films market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 5.5% in the above-mentioned forecast period.
Polyethylene terephthalate (PET) lidding films are clear, strong, and lightweight plastic that is widely used for packaging foods and beverages especially convenience-sized soft drinks, juices and water. They generally possesses such as high tensile, heat resistance and stability. They are eco-friendly and are available in the biodegradable form which is helpful for protecting environmental.
The factors such as the rise in demand for food packaging, rapid industrialization and urbanization, change in lifestyle of developing countries across the globe coupled with reliability of consumers to the online food products than the grocery products are driving the growth in the market value. Moreover, the rise in the demand for processed food, expansion of customer friendly packaging along with the eco-friendly nature of the biodegradable lidding films and caps further induce the demand for the market in the forecast period of 2022 to 2029. Easy availability of raw materials and low labor cost along with other determinants such as the growing awareness and adoption of advanced functional films in sealing and packaging processes, ensuring hygiene and stringent measures of preservation are projected to boost the market value. However, the various stringent government regulations will create hindrances for the market growth rate. The slowing down of supply chain due to restrictions caused by COVID-19 is also projected to affect market negatively, thus resulting in restricting the growth of the market.
Furthermore, the rise in demand for consumer goods and packaged food coupled with rise in the applications for high barrier lidding film packaging which generate profitable opportunities for the growth of the market in the forecast period of 2022 to 2029. On the flip side, the shortage of raw materials are projected to generate various challenges for the market’s growth rate.
This polyethylene terephthalate (PET) lidding films market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on polyethylene terephthalate (PET) lidding films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyethylene Terephthalate (PET) Lidding Films Market Scope and Market Size
Polyethylene terephthalate (PET) lidding films market is segmented on the basis of type, seal, products, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the lidding films market is segmented into high barrier lidding films, dual-ovenable lidding films, resealable/reclosable films, specialty lidding films and breathable lidding films.
- On the basis of seal, the lidding films market is segmented into peel-able seal top and permanent seal top.
- Based on products, the lidding films market is segmented into meat products, prepared meals, dairy products and frozen food.
- On the basis of application, the lidding films market is segmented into trays, cups, jars and bottles and others.
- On the basis of end-use, the lidding films market is segmented into food and beverage, pharmaceutical and others.
Polyethylene Terephthalate (PET) Lidding Films Market Country Level Analysis
The polyethylene terephthalate (PET) lidding films market is analyzed and market size insights and trends are provided by type, seal, products, application and end-use as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the polyethylene terephthalate (PET) lidding films market and will continue to flourish its trend of dominance during the forecast period due to the high demand for consumer goods and packaged food within the region in the forecast period of 2022 to 2029. Asia-Pacific, on the other hand is projected to show lucrative growth due to the rapid industrialization and urbanization in developing countries such as China and India across the region will boost the growth of the market.
The country section of the polyethylene terephthalate (PET) lidding films market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyethylene Terephthalate (PET) Lidding Films Market Share Analysis
The polyethylene terephthalate (PET) lidding films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyethylene terephthalate (PET) lidding films market.
Some of the major players operating in the polyethylene terephthalate (PET) lidding films market report are Constantia Flexibles, Uflex Limited, Amcor plc, Berry Global Inc., WINPAK LTD., PLASTOPIL, FLAIR Flexible Packaging Corporation, Multi-Plastics, Inc., Golden Eagle Extrusions, Inc., FFP Packaging Ltd, Impak Films Pty. Ltd., FLEXOPACK SA, Cosmo Films Ltd, Tilak Polypack Pvt. Ltd., TCL Packaging, Mondi, Toray Plastics (America), Inc., Clifton Packaging Group Limited, Sealed Air and Dow among others.