Lidding Films Market Size
Study Period | 2019 - 2029 |
Market Size (2024) | USD 4.15 Billion |
Market Size (2029) | USD 5.11 Billion |
CAGR (2024 - 2029) | 4.25 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Lidding Films Market Analysis
The Lidding Films Market size is estimated at USD 4.15 billion in 2024, and is expected to reach USD 5.11 billion by 2029, at a CAGR of 4.25% during the forecast period (2024-2029).
Lidding films are flexible materials that are sealed to containers to protect and seal their contents. They are commonly used to close plastic, cardboard, or metal trays and containers for food products such as yoghurt, soup, and meat.
- The demand for packaged and ready-to-eat foods is a major driver, especially in urbanizing and busy consumer markets such as Germany, United Kingdom, and United States. Lidding films play a crucial role in sealing these products to maintain freshness, enhance shelf life, and offer ease of use. The trend toward smaller, on-the-go packaging formats also boosts the demand for lidding films in the food sector.
- According to data from the United States Department of Agriculture (USDA), an increasingly fast-paced society and a rising number of single households drive the demand for convenient ready-to-eat meals in Germany. On-demand grocery delivery platforms are flooding the market in Germany’s major cities, offering food at prices that strongly compete with traditional supermarkets, which drives the food industry in the country.
- The rise of e-commerce and online food delivery services has significantly boosted the demand for secure, durable, and protective packaging globally. Lidding films seal containers for various types of ready-to-eat meals and packaged food, which need to maintain integrity during transportation and delivery.
- However, the lidding films market is a dynamic sector within the packaging industry, faces several challenges as it evolves in response to consumer demand, technological advancements, and environmental concerns. A major challenge is the volatility in raw material costs for lidding films, including polypropylene (PP), polyethylene (PE), and other polymers. This volatility stems from global supply chain disruptions, fluctuating energy costs, and geopolitical issues. These price fluctuations create uncertainty and impact profit margins for both manufacturers and end users.
Lidding Films Market Trends
Food Segment is Expected to Dominate the Market
- The increasing demand for packaged foods is a significant driver of the lidding films market. This trend is fueled by urbanization, busy lifestyles, and rising disposable incomes. As consumers increasingly opt for convenient and shelf-stable food options, the need for lidding films to seal these packages grows. The food industry's expanding use of lidding films indicates a notable shift towards packaging that enhances product shelf life, convenience, and consumer appeal. Lidding films are thin, flexible materials used to seal food containers, typically on trays or cups, providing an airtight and tamper-evident seal.
- The United States Department of Agriculture (USDA) reports that India's retail food sector is experiencing substantial growth, driven by increased household purchasing power, rising awareness of gourmet products, and a growing economy. Modern retail stores and the online and quick commerce segments are expanding rapidly, driving food consumption in the country. The online grocery sector's significant growth highlights a shift in consumer behavior, driven by demand for speed and convenience. This propels the sales and consumption of packaged and processed foods in India, thus driving market growth.
- Manufacturers such as Amcor Group produce specialized lidding films that offer easy-open convenience while protecting the quality and shelf life of various food products, including condiments, pudding, soups, and ready meals. These lidding films incorporate tamper-evident features to assure consumers of product integrity and safety, particularly for frozen meals, dairy, ice-cream products, spreads, and processed fruits and vegetables.
- China's food industry has experienced significant growth over recent decades. This trend is driven by factors such as rapid urbanization, rising disposable incomes, changes in consumer preferences, and the influence of global trends in food and beverage consumption. According to the National Bureau of Statistics of China, the annual revenue of the food and drink service industry in China amounted to approximately USD 731.01 Billion in 2023, representing a 20.50% increase from the previous year.
North America Expected to Hold High Market Share
- The increasing consumer preference for ready-to-eat meals and single-serve or portion-controlled food products drives the demand for lidding films in North America. These products require easy-to-open, tamper-evident packaging, which lidding films provide effectively. The growth of the region's processed and packaged food market is a significant factor contributing to the expansion of the lidding film market. Lidding films are particularly suitable for ready-to-eat meals, snacks, dairy products, and baked goods, as they offer efficient, high-quality packaging solutions that maintain freshness and prevent contamination.
- The United States and Canada are experiencing a rapid increase in packaged food consumption, further fueling the demand for lidding films. Additionally, the growth of e-commerce, especially in the online grocery sector, has increased the need for packaging solutions that can withstand extended transit times and varying environmental conditions. Lidding films, being both lightweight and durable, are well-suited for products that need to maintain freshness during delivery.
- Regional manufacturers, including Amcor Group and Berry Global Inc., offer strong lidding seal solutions that do not require excessive peel force as a lamination component. These companies also provide custom solutions for unique or demanding applications. There is an emerging trend towards lidding films made from recyclable or biodegradable materials, aligning with efforts to reduce single-use plastics. This shift towards more sustainable options is contributing to the increased demand for lidding film products in the North American market.
Lidding Films Industry Overview
The Lidding Films Market exhibits moderate consolidation, with key players including Berry Global Inc., Amcor Group, Mondi Plc, and Winpak Limited. These companies are at the forefront of innovation, focusing on eco-friendly packaging solutions. To capture a larger global market share, these players actively engage in strategies such as research and development, launching new products, forming collaborations and partnerships, and pursuing mergers and acquisitions.
Lidding Films Market Leaders
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Amcor Group
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Mondi Plc
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Berry Global Inc.
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Winpak Limited
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Constantia Flexibles Holding GmbH
*Disclaimer: Major Players sorted in no particular order
Lidding Films Market News
- August 2024: Sudpack, a United States-based film manufacturer, has launched a sustainable packaging solution, PET floatable lidding films, that can be cleanly recycled. The new product line serves as sustainable packaging options for sliced meats, ham, and cheese, without compromising on performance and processing reliability.
- March 2024: Parkside Flexibles, a United States-based company, launched its latest flexible packaging innovation, Popflex lidding film, providing a recyclable product for fresh produce packers and growers. The film is laser-scored using patented ParkScribe technology to create an integral opening flap that end users can press down, pop open, and peel back, creating a satisfyingly simple opening experience for consumers.
Lidding Films Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Consumption of Packaged and Ready-to-Eat Foods
5.1.2 Rise in E-Commerce Food Retail Industry
5.2 Market Challenge
5.2.1 Fluctuating Cost of Raw Materials
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
7.1 By Product Type
7.1.1 Dual-Ovenable Lidding Films
7.1.2 Specialty Lidding Films
7.1.3 High-Barrier Lidding Films
7.1.4 Other Product Types
7.2 By Material Type
7.2.1 Polypropylene (PP)
7.2.2 Polyvinyl Chloride (PVC)
7.2.3 Polyethylene (PE)
7.2.4 Polyethylene Terephthalate (PET)
7.2.5 Other Materials
7.3 By End-User Industry
7.3.1 Food
7.3.2 Beverage
7.3.3 Pharmaceutical
7.3.4 Personal Care & Cosmetics
7.3.5 Other End-User Industries
7.4 By Geography***
7.4.1 North America
7.4.1.1 United States
7.4.1.2 Canada
7.4.2 Europe
7.4.2.1 Germany
7.4.2.2 France
7.4.2.3 Italy
7.4.2.4 Spain
7.4.3 Asia
7.4.3.1 China
7.4.3.2 India
7.4.3.3 Japan
7.4.4 Australia and New Zealand
7.4.5 Latin America
7.4.5.1 Brazil
7.4.5.2 Mexico
7.4.6 Middle East and Africa
7.4.6.1 Saudi Arabia
7.4.6.2 United Arab Emirates
7.4.6.3 South Africa
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Amcor Group
8.1.2 Mondi Plc
8.1.3 Constantia Flexibles Holding GmbH
8.1.4 Winpak Limited
8.1.5 Berry Global Inc.
8.1.6 Uflex Limited
8.1.7 Schur Flexible Packaging Corporation
8.1.8 TCL Packaging
- *List Not Exhaustive
8.2 Heat Map Analysis
8.3 Competitor Analysis - Emerging vs. Established Players
9. RECYCLING & SUSTAINABILITY LANDSCAPE
10. FUTURE OUTLOOK
Lidding Films Industry Segmentation
The lidding films are specifically designed to keep the product inside fresh and safe. The film seals the container, protecting the product inside from air, moisture, and germs. As lidding films minimize moisture and oxygen ingress, they substantially extend the shelf life of perishable products. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The lidding films market is segmented by product type (Dual-Ovenable Lidding Films, Specialty Lidding Films, High-Barrier Lidding Films and Other Product Types), by material type (Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene (PE), Polyethylene Terephthalate (PET) and Other Materials), by end-user industry (Food, Beverage, Pharmaceutical, Personal Care & Cosmetics and Other End-User Industries), and by geography (North America, Europe, Asia Pacific, South America and Middle East and Africa), The market sizing and forecasts are provided in terms of value (USD) for all the above segments.
By Product Type | |
Dual-Ovenable Lidding Films | |
Specialty Lidding Films | |
High-Barrier Lidding Films | |
Other Product Types |
By Material Type | |
Polypropylene (PP) | |
Polyvinyl Chloride (PVC) | |
Polyethylene (PE) | |
Polyethylene Terephthalate (PET) | |
Other Materials |
By End-User Industry | |
Food | |
Beverage | |
Pharmaceutical | |
Personal Care & Cosmetics | |
Other End-User Industries |
By Geography*** | ||||||
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Australia and New Zealand | ||||||
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Lidding Films Market Research FAQs
How big is the Lidding Films Market?
The Lidding Films Market size is expected to reach USD 4.15 billion in 2024 and grow at a CAGR of 4.25% to reach USD 5.11 billion by 2029.
What is the current Lidding Films Market size?
In 2024, the Lidding Films Market size is expected to reach USD 4.15 billion.
Who are the key players in Lidding Films Market?
Amcor Group, Mondi Plc, Berry Global Inc., Winpak Limited and Constantia Flexibles Holding GmbH are the major companies operating in the Lidding Films Market.
Which is the fastest growing region in Lidding Films Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Lidding Films Market?
In 2024, the North America accounts for the largest market share in Lidding Films Market.
What years does this Lidding Films Market cover, and what was the market size in 2023?
In 2023, the Lidding Films Market size was estimated at USD 3.97 billion. The report covers the Lidding Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Lidding Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Lidding Films Industry Report
Statistics for the 2024 Lidding Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Lidding Films analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.