PET Lidding Films Market Size- By Product Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

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.

Global PET Lidding Films Market Segmentation:

By Product Type: Based on the Product Type, Global PET Lidding Films Market is segmented as; High Barrier Lidding Films, Dual-Oven able Lidding Films, Resealable/Re-closable Films, Specialty Lidding Films, Breathable Lidding Films.

By Application: Based on the Application, Global PET Lidding Films Market is segmented as; Trays, Cups, Jars, Bottles, Others

By End-user: Based on the End user, Global PET Lidding Films Market is segmented as; Food & Beverage, Pharmaceutical, Others

By Region: Based on the Region, Global PET Lidding Films Market is segmented as; Asia-Pacific, Europe, North America, South America, LAMEA.

Product Code: PACK2305

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