PET Lidding Films Market Size, Share, and Industry Analysis By Type (High-Barrier Lidding Films, Dual-Ovenable Lidding Films, Breathable Lidding Films, Resealable Films, Specialty Lidding Films, and Others), By Application (Trays, Cups, Bottles & Cans, and Others), By End-use Industry (Food & Beverages {Meat, Poultry, & Seafood, Dairy Products, Processed & Frozen Food, Ready-to-eat Meals, Fresh Produce, Others}, Pharmaceuticals, Personal Care & Cosmetics, and Others), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI110198 | Status : UpcomingPET lidding films are packaging films used to cover and protect packaged products from damage. These lidding films are utilized for several food applications, such as fresh & frozen meals, fresh meat and seafood packaging, dairy products, oatmeal cups, pet food, and others. The rising technological advancements and using recycled materials for PET lidding films encourage market growth.
- For instance, in March 2024, Parkside introduced recyclable lidding film for fresh produce packaging. The film is manufactured with rPET with a minimum of 30% PCR content and addresses two major pain points for fresh produce packers and growers, which include recyclability and consumer convenience.
An increase in the demand for processed, frozen, and ready-to-eat food and the rising demand for customer-friendly and eco-friendly packaging solutions induces the PET lidding films market. The film withstands a diversity of temperatures, such as frozen foods and microwave/oven-safe reheating, owing to which they are gaining immense demand from the food sector.
The rapidly growing environmental concerns regarding the hazardous effect of plastic packaging is the major factor hampering the market growth. Moroever, as these films are manufactured with PET material, they are difficult to recycle, limiting the market expansion.
The advent of the COVID-19 pandemic hampered major industries worldwide. However, the food and pharmaceutical industries experienced scalable growth, leading to a high demand for lidding films. The growing online food delivery trends during the period boosted the global PET lidding films market growth.
SEGMENTATION
By Type | By Application | By End-use Industry | By Geography |
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KEY INSIGHTS
The report covers the following key insights:
- Recent Advancements in the Global PET Lidding Films Market
- Key Industry Trends
- Regulatory Landscape for the Global PET Lidding Films Market
- Key Industry Developments (Mergers, Acquisitions, and Partnerships)
- Impact of COVID-19 on the Global PET Lidding Films Market
ANALYSIS BY TYPE
Based on type, the market is segmented into high-barrier lidding films, dual-ovenable lidding films, breathable lidding films, resealable films, specialty lidding films, and others.
The high-barrier lidding films segment dominates the market. These lidding films are becoming increasingly popular worldwide owing to their excellent performance, lightweight design, and eye-catching package aesthetics, further ensuring the food products' safety, shelf-life, and longevity.
ANALYSIS BY APPLICATION
Based on application, the market is segmented into trays, cups, bottles & cans, and others.
The trays segment dominates the global PET lidding films market. The PET lidding films generate a secure seal over the trays that preserves the safety, freshness, and quality of meat, poultry, seafood, dairy products, ready-to-eat meals, salads, pre-packaged meals, and other food products. The rising demand for packaging trays from the food industry also propels the segment growth.
ANALYSIS BY END-USE INDUSTRY
Based on end-use industry, the market is segmented into food & beverages, pharmaceuticals, personal care & cosmetics, and others.
The food & beverages segment holds the largest market share. The notable rising demand for PET lidding films for maintaining the freshness, quality, and safety of various food products such as meat, seafood, fresh fruits & vegetables, ready-to-eat meals, and several others is impelling the segment growth.
REGIONAL ANALYSIS
The PET lidding films market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounts for the largest market share. The U.S. is the largest food products exporter, owing to the country's exponential demand for lidding films. Furthermore, the rising consumption of meat and ready-to-eat meals in the region also fosters market growth.
Asia Pacific market will experience excellent growth due to the increasing utilization of lidding films in the pharmaceutical and food sectors.
Europe is the third-leading region and is expected to foresee noteworthy growth. The rising focus of consumers and manufacturers on sustainability and an increase in the demand for eco-friendly packaging solutions aid the market growth in Europe.
Latin America and the Middle East & Africa markets will witness moderate growth over the forthcoming years due to the ongoing sustainability trends and development in the food & beverage sectors.
KEY PLAYERS COVERED
The report includes the profiles of key players such as Klöckner Pentaplast, Constantia Flexibles, Amcor plc, Berry Global Inc., KM Packaging Services Ltd., WINPAK Ltd., PLASTOPIL, Cosmo Films Ltd, Coveris Holdings, and Sealed Air.
KEY INDUSTRY DEVELOPMENTS
- In May 2022, Camvac announced the launch of two products at Packaging Innovations in Birmingham, U.K. The products include Camplus Extra MDO PE, a high-barrier metalized MDO PE in single web form and laminate structure, and ExtraPET PCR, a high-barrier lidding film with over 30% post-consumer recycled (PCR) content.
- In April 2021, Terphane, a leader in PET films and a significant global player, demonstrated its new Sealphane lidding films at the CPMA Fresh Week virtual event. Terphane’s Sealphane PET films cater to the growing demand for multi-use and tamper-evident lidding solutions with a tray and lidding film package.
- In February 2019, KM Packaging declared the launch of an innovative and new ambient retort lidding solution, especially for the pet food sector. The two films are manufactured to withstand the high temperatures of up to 123 degrees Celsius used in retort sterilization. They are crucial in extending the shelf-life of ambient pet food products.
- Global
- 2023
- 2019-2022