Global PET Lidding Films Market Overview
According to SPER Market Research, the Global PET Lidding Films Market is estimated to reach USD 1.15 billion by 2032 with a CAGR of 6.94%.
They typically have properties like strong tensile strength, heat resistance, and stability. They are biodegradable and environmentally friendly, which aids in environmental preservation. Films that can be used to reseal containers once they have been opened are also manufactured of PET. They are frequently applied to food and drink. By inhibiting the entry or exit of moisture, gas, and light, resealable films contribute to the preservation of products' freshness. The use of PET lidding films in the pharmaceutical industry is one of their main uses. They can be used for both either direct or indirect food contact and provide items with a high level of barrier protection.
Medicines frequently need to be transported or stored for an extended period of time, so that high barrier lidding films are frequently employed. Another important use for PET lidding films is in the personal care and cosmetics industries. They can be used for both the direct and the indirect food contact and provide items with a high level of barrier protection. Because personal care and cosmetics items frequently need to be transported or stored for an extended period of time, high barrier lidding films are frequently employed. Global PET Lidding Films Sales Market is divided among Pharmaceutical, Personal Care & Cosmetics, Food & Beverage, and Others based on Application.
Impact of COVID-19 on the Global PET Lidding Films Market
Due to a historic low in global trade, the COVID-19 pandemic had a detrimental effect on the market. Additionally, during the lockdown, the economy caused foreign currencies to fluctuate, which reduced demand for services. The elements that are causing the market value to increase include the rising popularity of food packaging, increased urbanization and industrialization, changes in the way of life in developing nations around the world, and customer trust in online food products over traditional grocery items. Also, the expansion of customer-friendly packaging as well as the eco-friendliness of biodegradable lidding films and caps, as well as the rise in demand for processed foods.
The market value is expected to increase as a result of the easy accessibility of raw materials, the affordability of labor, as well as other factors like rising consumer awareness of and adoption of advanced fully functioning films in wrapping and plastic wrapping processes, ensuring hygiene, and strict preservation regulations. To the contrary, the market growth rate would be hampered by the multiple onerous government regulations. It is also anticipated that the market will be significantly impacted by the supply chain slowdown brought on the COVID-19 regulations, which will impede the market's expansion.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product Type, By End use, By Application
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Amcor Plc, Berry Global Inc., Clifton Packaging Group Limited, Constantia Flexibles, Cosmo Films Ltd, Ffp Packaging Ltd, Flair Flexible Packaging Corporation, Golden Eagle Extrusions, Inc., Impak Films Pty. Ltd., Mondi, Multi-Plastics, Inc., Plastopil, Sealed Air And Dow., Tcl Packaging, Tilak Polypack Pvt. Ltd., Toray Plastics (America), Inc., Uflex Limited, Winpak Ltd.
|
Target Audience
- Government and Research Organization
- Consulting Companies in film coating Industry
- Raw Material Suppliers
- Research Consultants
- Investors and Shareholders
- Coating industry players
Global PET Lidding Films Market Segmentation:
1. By Product Type:
- High Barrier Lidding Films
- Dual-Ovenable Lidding Films
- Resealable/Re-closable Films
- Specialty Lidding Films
- Breathable Lidding Films
2. By Application:
3. By End Use:
- Food & Beverage
- Pharmaceutical
- Others.
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global PET Lidding Films Market (FY’2019-FY’2032)
- Overview of Global PET Lidding Films Market
- Segmentation of Global PET Lidding Films Market by Product Type (High Barrier Lidding Films, Dual-Oven able Lidding Films, Resealable/Re-closable Films, Specialty Lidding Films, Breathable Lidding Films)
- Segmentation of Global PET Lidding Films Market by application (Trays, Cups, Jars, Bottles, Others)
- Segmentation of Global PET Lidding Films Market by End use (Food & Beverage, Pharmaceutical, Others)
- Statistical Snap of Global PET Lidding Films Market
- Growth Analysis of Global PET Lidding Films Market
- Problems and Challenges in Global PET Lidding Films Market
- Competitive Landscape in the Global PET Lidding Films Market
- Impact of COVID-19 and Demonetization on Global PET Lidding Films Market
- Details on Recent Investment in Global PET Lidding Films Market
- Competitive Analysis of Global PET Lidding Films Market
- Major Players in the Global PET Lidding Films Market
- SWOT Analysis of Global PET Lidding Films Market
- Global PET Lidding Films Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global PET Lidding Films Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global PET Lidding Films Market, Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global PET Lidding Films Market
7. Global PET Lidding Films Market, By Product Type, 2019-2032 (USD Million)
7.1 High Barrier Lidding Films
7.2 Dual-Ovenable Lidding Films
7.3 Resealable/Re-closable Films
7.4 Specialty Lidding Films
7.5 Breathable Lidding Films
8. Global PET Lidding Films Market, By Application, 2019-2032 (USD Million)
8.1 Trays
8.2 Cups
8.3 Jars
8.4 Bottles
8.5 Others.
9. Global PET Lidding Films Market, By End Use, 2019-2032 (USD Million)
9.1 Food & Beverage
9.2 Pharmaceutical
9.3 Others.
10. Global PET Lidding Films Market, By Region, 2019-2032 (USD Million)
10.1 Global PET Lidding Films Market Size and Market Share by Region (2019-2025)
10.2 Global PET Lidding Films Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11.Company Profiles
11.1 Amcor Plc.
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Berry Global Inc.
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Clifton Packaging Group Limited
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Constantia Flexibles
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Cosmo Films Ltd.
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Ffp Packaging Ltd.
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Flair Flexible Packaging Corporation
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Golden Eagle Extrusions, Inc.
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Impak Films Pty. Ltd.
11.9.1 Financial outlook
11.9.2 Product summary
11.9.3 Recent developments
11.10 Mondi
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Multi-Plastics, Inc.
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 Plastopil
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
11.13 Sealed Air And Dow.
11.13.1 Company details
11.13.2 Financial outlook
11.13.3 Product summary
11.13.4 Recent developments
11.14 Tilak Polypack Pvt. Ltd.
11.14.1 Company details
11.14.2 Financial outlook
11.14.3 Product summary
11.14.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
