The global breathable lidding film packaging market is expected to accumulate USD 1,180 million in value by 2033. During the forecast period, a CAGR worth 7.2% has been projected for the market, with an expected closing value worth USD 598.82 million in the current year 2023. During the 2018 to 2022 historical period, the industry grew at a value CAGR worth 4.7%.
The mounting popularity of ready-to-eat food in developed countries like the United States & Germany and the growing demand for packaged food boost the demand for breathable lidding film packaging. Breathable lidding film increases the shelf life of fresh produce by controlling the oxygen transmission rate for packaging through micro-perforations, thus reducing the expiry rate of the product. According to the product and the storage conditions, it helps the product to last longer creating a huge demand for breath.
The use of breathable lidding film is expected to decrease the loss of the food hence improving the profits for the retailers and food packaging market. Market research expert of Future Market Insight forecasts that in the coming days, several new start-ups further strengthen the breathable lidding film packaging market competition.
| Attributes | Details |
|---|---|
| Breathable Lidding Film Packaging Market CAGR (2023 to 2033) | 7.2% |
| Breathable Lidding Film Packaging Market Size (2023) | USD 598.82 million |
| Breathable Lidding Film Packaging Market Size (2033) | USD 1,180 million |
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Key trends influencing the breathable lidding film packaging industry
Growing demand for fresh produce
The need for making fresh produce last long is the key driver for the sales of the breathable lidding film packaging sector. With the increasing population and decreasing cultivation area, the need for protecting fresh produce to last long provide significant opportunities for the lidding film packaging market in the future.
Proliferation of modern eateries
The increasing penetration of modern retail outlets in the APEJ region is another factor driving the market. With the increasing influence of Western culture, the lifestyle of the eastern countries is changing which is driving the demand for packed food while influencing the breathable lidding film packaging business.
Export of packaged Food
Adoption of an extensive variety of cuisines, such as Japanese, Indian, Mexican, Chinese, and Spanish. Therefore, consumers are gradually opting for packaged food for a different cuisine experience, furthering the sales of food service outlets, thus burgeoning the demand for breathable lidding film packaging in the region.
Limitation of the Product
Breathable lidding films are unable to protect the products from chemicals and physical damage from the external environment. Such disadvantages are key limitations for the breathable lidding film packaging sector in the high-end products sector.
Minimizing Plastic Wastage
Moreover, the incidence of plastic bans in several countries is likely to restrict the market expansion of breathable lidding film packaging. Despite these restraints, and the ability to increase the shelf life of the products with breathable lidding film, the market is expected to grow vertically upwards.
North America is the second-leading region, accounting for nearly 29% share of the market in 2022.
The market growth is attributed to the swelling need for consumer goods and packaged food and the availability of supermarkets and hypermarkets in the region. The United States and Canada are key contributors to the regional market.
The United States is home to a diverse global population with high demand for different types of packaged food. The need for making fresh produce last long has provided the far-reaching impetus to innovations in breathable lidding films. In the United States, half of the fresh produce is wasted due to the short shelf life of the fresh produce.
Principal Consultant
In 2022, the Europe region acquired nearly 30% share in the breathable lidding film packaging and is projected to maintain impressive growth throughout the forecast period, states Future Market Insights.
Europe is expected to lead the breathable lidding film packaging sector owing to the current lifestyle and the consumer’s and packaging manufacturers’ practices being aligned with the market needs. Europe has commanded the world in the progression of biopolymers, with bio-based plastics obtained from sustainable resources like agricultural waste, rather than petrochemicals.
The region’s success is demonstrated in several packaging segments which include films and carbonated soft drink bottles. As a result, several production facilities are now impending commercial-level production. This is one of the significant driving factors for the growth of breathable lidding film packaging in the region.
Fate of Breathable Lidding Film Packaging Start-ups in a rapidly evolving Market
Besides, the fast-moving lifestyle of modern day citizens and augmenting popularity of ready-to-eat food products are helping the manufacturers of breathable lidding film packaging to gain new grounds in the global market.
Additionally, world’s mounting curb against single-use plastics, paper-based packaging makers are emerging as natural winners. This has been supported by several leading food brands and retailers, including Nestlé, Unilever, and Carrefour. These companies are exploring ambitious corporate sustainability goals by minimizing the usage of plastics in their packaging.
The swelling dispersion of start-ups in the Breathable Lidding Film Packaging industry has improved the product quality and upsurges global sales. Besides, to gain a competitive edge, new start-ups are working on novel developments and launching new products such as:
Recent Developments:
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The market is valued at USD 598.82 million in 2023.
Bollore Inc. and Flexopack are the key market players.
The bakery & confectionery products industry is likely to remain preferred through 2033.
Players opt for collaborations, mergers, and partnerships.
The United States, Canada, and the United Kingdom dominate the Asian market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Plastic 5.1.1. LDPE 5.1.2. PP 5.2. Paper 5.3. Woven Sacks 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Substrate 6.1. CPET-based 6.2. APET-based 6.3. PP-based 6.4. PVC-based 6.5. PE-based 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Seal Type 7.1. Peel Seal 7.2. Semi-Weld 7.3. Weld Seal 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Bakery & Confectionery Products 8.2. Produced Grain 8.3. Produced Vegetables 8.4. Produced Fruits 8.5. Dried Fruits 8.6. Other Food Products 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Eastern Web Handling, Inc. 19.2. Golden Eagle Extrusions, Inc. 19.3. Teinnovations Inc. 19.4. Flexopack 19.5. Bollore Inc. 19.6. Syntech NZ Ltd. 19.7. Hubei Hawking Packaging Material Co., Ltd 19.8. Shamrock Packaging Group 19.9. Hui Zhou Hadway Foil Packaging Co., Ltd. 19.10. Green Packaging Material (Jiangyin) Co., Ltd. 20. Assumptions & Acronyms Used 21. Research Methodology
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Breathable Lidding Film Packaging Market
