08.12.2021 05:00

Lidding Films Market Size to Grow by USD 1.36 bn | Amcor Plc and Berry Global Group Inc. Among Key Vendors | Technavio

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NEW YORK, Dec. 7, 2021 /PRNewswire/ -- The rising focus on improving the shelf life of products is one of the drivers for the growth of the lidding films market. The market is expected to grow by USD 1.36 bn from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 6.50%.

Attractive Opportunities in Lidding Films Market by End-user and Geography - Forecast and Analysis 2022-2026

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Lidding Films Market: Driver

The rising focus on improving the shelf life of products is driving the growth of the market. Products with high shelf life can be kept for sale for a longer time, thereby reducing wastage. Perishable products such as food, beverages, and medicines can be easily transported if they have a long shelf life. Lidding films tightly seal the packaging, which keeps air, moisture, and other substances from entering.

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Lidding Films Market: Segmentation Analysis

The lidding films market has been segmented by end-user (food and beverage, pharmaceutical, personal care and cosmetics, and others) and geography (North America, Europe, APAC, South America, and MEA).

The food and beverages segment will have significant market share growth during the forecast period. Factors such as increased agricultural production, improvements in food processing technology, and changing consumer food consumption patterns are driving the growth of this industry in various countries. Exports of food and beverages have also increased in regions such as North America, the Middle East, and Southeast Asia. Rise in production and export of food and beverage increases the demand for high-quality packaging.

North America is expected to account for 45% of the market's growth during the forecast period, with the US being the key market. The changing lifestyle of consumers and the rising consumption of fast food and packaged food will drive the lidding films market growth in the region during the forecast period.

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Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Lidding Films Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.50%

Market growth 2022-2026

USD 1.36 billion

Market structure

Fragmented

YoY growth (%)

5.82

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 45%

Key consumer countries

US, UK, China, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amcor Plc, Berry Global Group Inc., FFP Packaging Ltd, FLAIR Flexible Packaging Corp., Golden Eagle Extrusions, Inc., Impak Films Pty. Ltd., Multi Plastics Inc., Plastopil Hazorea Co. Ltd, UFlex Ltd., and Wipak Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com 
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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SOURCE Technavio

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