Lidding film sales in the United States totaled US$ 721.7 million in 2022 and are set to exhibit Y-o-Y growth of 4.2% in 2023. Over the forecast period, lidding film demand in the United States is predicted to increase at a CAGR of 4.9%.
As per the latest lidding film industry analysis, demand for lidding films in the United States is set to rise steadily. Total revenue in the country is projected to increase from US$ 755.4 million in 2023 to US$ 1,222.3 million by 2033.
The food segment accounted for more than 64% share in value at the end of 2022. With an estimated share of more than 26%, the PE segment leads within the material category.
Attributes | Key Insights |
---|---|
United States Lidding Film Sales in 2022 | US$ 721.7 million |
Estimated United States Lidding Film Revenue (2023) | US$ 755.4 million |
Projected Value (2033) | US$ 1,222.3 million |
Value CAGR (2023 to 2033) | 4.9% |
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United States Revenue to Expand 1.6X through 2033
Revenue in the United States is expected to expand over 1.6X through 2033, amid a 2.1% increase in estimated CAGR compared to the historical one. This is due to rising demand for packaged food products, growing popularity of flexible packaging, and the escalating need to extend the shelf life of food and pharmaceutical items.
Food Industry to Remain Leading Consumer of Lidding Films
As per the latest report, the United States food sector is projected to remain the leading end user of lidding films during the forecast period. This is attributable to growing demand for ready-to-eat meals, snacks, and other food items and rising emphasis on protecting and extending the life of food items.
The spending on packaged food products and pharmaceuticals is rising significantly across the United States. This is due to changing lifestyles and eating habits, increasing disposable income, and growing incidence of lifestyle diseases. Driven by this, demand for packaging like lidding films is set to rise steadily.
High Barrier Lidding Films to Sweep United States
The high barrier lidding films are expected to remain dominant category despite the rising popularity of dual-ovenable and specialty lidding films. This is attributable to widening usage of these films across diverse industries due to their ability to provide excellent protection to packed content.
High barrier lidding films are versatile and offer optimal protection against moisture and other environmental factors that can degrade pharmaceutical products. This makes them ideal for ensuring the safety and efficacy of food items and pharmaceuticals.
Manufacturers Using Sustainable Materials to Stay Ahead
Leading manufacturers are focusing on using sustainable materials for producing lidding films. For instance, they use renewable resources like plant-based polymers (such as PLA - polylactic acid) and bio-based raw materials derived from agricultural waste to develop biodegradable and compostable films.
Growing popularity of sustainable lidding films is expected to boost revenue in the United States. Adoption of sustainable materials will also help companies to comply with environmental regulations.
Overview of the Lidding Films in the United States
Lidding films are made by extruding a thin layer of plastic material onto a substrate, such as paper or foil. The plastic material can be a variety of different types, such as polyethylene (PE), polypropylene (PP), or polyester (PET).
The substrate provides support and structure to the lidding film and additional properties, such as barrier protection or printability. Lidding films are utilized to package a wide variety of products, including food, pharmaceuticals, and medical devices.
Lidding films can provide packaged items protection, preservation, and tamper-evident features. As a result, they are used in packaging products like dairy items, ready-to-eat meals, and other perishable products.
Rising demand for lidding films from food & beverage, personal care, and pharmaceutical industries is expected to boost sales in the United States. Subsequently, growing focus on extending the shelf life of sensitive food & pharmaceutical items will likely fuel lidding film demand.
Lidding film sales in the United States grew a CAGR of 2.8% between 2018 and 2022. Total revenue reached US$ 721.7 million in 2022. For the assessment period, a CAGR of 4.9% has been predicted for the United States.
Historical CAGR (2018 to 2022) | 2.8% |
---|---|
Forecast CAGR (2023 to 2033) | 4.9% |
Sales of lidding films in the United States increased at a CAGR of around 2.8% during the historic period. Total value at the end of 2022 reached US$ 721.7 million. This was due to several factors, including:
COVID-19 Impact
The COVID-19 pandemic’s impact led to an increased demand for convenience and packaged foods, simultaneously emphasizing food safety. This prompted manufacturers and suppliers, especially the food industry, to use packaging solutions like lidding films.
Manufacturers emphasized providing protective and environmentally friendly packaging options, enabling hassle-free purchasing and consuming food products. Driven by this, sales of lidding films rose at a steady pace between 2018 and 2022.
Rise of E-commerce Platforms
The growing use of e-commerce platforms in the United States also translated into increasing requirements for lidding films. These films witnessed high demand from the food, personal care, and cosmetics industries, and the trend is expected to continue through 2033.
Particular | Value CAGR |
---|---|
H1 | 5.1% (2022 to 2032) |
H2 | 5.4% (2022 to 2032) |
H1 | 4.5% (2023 to 2033) |
H2 | 4.6% (2023 to 2033) |
Lidding Film Sales Forecast in the United States
Lidding film demand in the United States is forecast to thrive at a steady CAGR of 4.9% during the assessment period. According to the latest United States lidding film industry analysis, total revenue in the country is predicted to reach US$ 1,222.3 million by 2033.
Several factors are expected to drive lidding film demand in the United States during the assessment period. These include:
Convenience
Consumer preferences for convenience have prompted a shift towards ready-to-eat and packaged food products. This is necessitating efficient and eco-friendly packaging solutions like sustainable lidding films.
Americans are more concerned when it comes to convenience. Their fast lifestyle creates room for products like ready-to-eat and frozen ones, which require packaging solutions like lidding films.
Convenience will continue to play a critical role in boosting lidding film sales in the United States. The stringent regulations and quality standards in the food sector have also made secure, tamper-evident packaging a necessity, with lidding films providing a reliable solution.
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The increasing trend of online food delivery services heightens the need for packaging that preserves freshness and ensures hygienic delivery. This is expected to drive demand for lidding films in the United States food.
Lidding film demand is also increasing due to the popularity of grocery shopping across the country and the growing emphasis on consumer convenience. Americans are showing a keen inclination towards purchasing products for online groceries.
Online grocery shopping is experiencing sustained growth and significant investments from several stakeholders. For instance, in December 2021, the U.S. Department of Agriculture (USDA) announced a $5 million grant to expand the SNAP online grocery shopping platform. This will create growth opportunities for manufacturers of lidding films.
Growing Usage in Non-food Industries:
Industries like pharmaceutical and personal care are also witnessing growing demand for packaging films owing to stringent compliance and hygiene requirements. The versatility and cost-effectiveness of such films also encourage their adoption in a wide range of non-food industries.
Challenges Faced by Lidding Film Manufacturers in the United States
The below section highlights the prediction for the high barrier lidding films segment, which is expected to hold a prominent share based on product type. It is poised to exhibit a CAGR of 4.1% through 2033.
Based on material type, PE segment is expected to lead the United States. It will likely progress at 4.8% CAGR during the assessment period.
Top Segments (Product) | Projected Value (2033) |
---|---|
High Barrier Lidding Films | US$ 449.08 million |
Dual-ovenable Lidding Films | US$ 317.80 million |
Based on the product, the high barrier lidding films segment is anticipated to hold around 36.7% share by the end of 2033. This is owing to rising usage of high barriers lidding films in the thriving pharmaceutical industry in the United States.
High barrier lidding films provide appropriate protection against moisture, oxygen, and other environmental factors that can degrade pharmaceutical products. This makes them essential for ensuring the safety and efficacy of these products.
High-barrier lidding films also meet the stringent regulations imposed by the U.S. Food and Drug Administration (US FDA), further pushing their demand upwards. Hence, growing adoption of high barrier lidding films to package pharmaceutical products like tablets, capsules, and liquids will drive their sales through 2033.
Rising demand for high barrier packaging films from the food industry will further boost the target segment. As per the latest American lidding film industry analysis, high barrier lidding films segment is set to thrive at 4.1% CAGR, totaling a valuation of US$ 449.08 million by 2033.
Dual-ovenable lidding films are also expected to witness high demand due to increasing usage in the food & beverage industry. These films are widely used to package prepared meals, frozen foods, and other products that require to be heated in a microwave or oven.
Dual-ovenable lidding film demand will likely rise at 5.9% CAGR during the forecast period. The target segment is predicted to total a valuation of US$ 317.80 million by 2033.
Material Type | PE |
---|---|
Predicted Value (2033) | US$ 321.5 million |
Lidding films are generally made from materials liek PE, PET, PP, PVC, polyamide, EVOH, aluminum, and others. Among these, polyethylene (PE) remains the most preferred material used by manufacturers for producing lidding films.
The PE segment is poised to exhibit a CAGR of 4.8% during the forecast period, totaling a valuation of US$ 321.5 million by 2033. This is due to excellent barrier properties, flexibility, cost-effectiveness, transparency, and good heat sealability of PE.
PE lidding films offer several advantages, including excellent barrier protection and versatility. Polyethylene prices in the United States have remained low since last year, making them one of the most cost-effective raw materials for manufacturing lidding films.
PE lidding films are used for packaging a wide range of food products, including fresh produce, frozen foods, dairy products, meat & poultry, etc. They also find applications across industries like pharmaceuticals.
The EVOH segment, however, is poised to witness a higher CAGR of 6.8% over the forecast period. The demand for EVOH or Ethylene Vinyl Alcohol is rising owing to its transparency and chemical resistance properties.
EVOH-based lidding films have grown popular in the food industry for packaging oxygen-sensitive products such as meat and cheese. This high usage of EVOH lidding films in the food industry will improve share of the target segment.
The United States landscape is highly competitive, with several key players holding a dominant share. Prominent lidding film companies in the United States include Amcor Plc, Sonoco Product Company, Berry Global, Inc., and Mondi PLC.
Key manufacturers of lidding films in the United States are concentrating on increasing their production capacity to meet the increasing end user demand. They are exploring alternative packaging materials and designs to reduce environmental impact. Besides this, companies are adopting strategies like acquisitions, mergers, partnerships, and facility expansions to strengthen their presence.
Recent Developments:
Attribute | Details |
---|---|
Estimated Value (2023) | US$ 755.4 million |
Projected Size (2033) | US$ 1,222.3 million |
Anticipated Growth Rate (2023 to 2033) | 4.9% CAGR |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Metric Tonnes | Revenue in US$ Million, Volume in Metric Tonnes and CAGR from 2023 to 2033 |
Segments Covered | Product Type, Material Type, Application, End Use |
Key Companies Profiled | Amcor Plc; Sonoco Product Company; Graphic Packaging International, LLC; Sealed Air Corporation; Berry Global Inc; Novolex Holdings, LLC; Klöckner Pentaplast Group; Profol GmbH; Dunmore; ProAmpac Holdings Inc.; Toray Plastics; Plastopil BV.; Mondi Plc; Momar Industries; Dupont Teijin Films U.S.; Dow Inc. |
Revenue in the United States is set to reach US$ 755.4 million in 2022.
Lidding film sales in the United States are expected to total US$ 1,222.3 million by 2033.
Demand in the United States is forecast to rise at 4.9% CAGR through 2033.
Rising usage of lidding films for branding and promotional purposes is a key growth driver.
Lidding film is a packaging film used to cover trays, containers, and other forms of packaging.
Top 3 players in the United States are Amcor Plc, Sonoco Product Company, and Berry Global, Inc.
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Heat Mapping/Product Mapping
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Sustainable Trends
3.3. Technological Trends
3.4. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USP’s / Features
4.3. Strategic Promotional Strategies
5. Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Metric Tonnes) Analysis, 2017 to 2022
5.2. Current and Future Market Volume (Metric Tonnes) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
5.4. Total Installed Base
6. Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Weighted Average Pricing Analysis Benchmark
7. Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2022
7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Global Packaging Materials Market Overview
8.2. United States Retail Market Outlook
8.3. Forecast Factor
8.4. Macro-Economic Factors
8.5. Value Chain Analysis
8.5.1. Exhaustive List of Raw Material Suppliers
8.5.2. Exhaustive List of Lidding Films Converters/Manufacturers
8.5.3. Exhaustive List of End Users/Customers
8.6. Cased-based Scenario – Impact Assessment
8.6.1. Current Statistics
8.6.2. Short-Mid-Long Term Outlook
8.6.3. Likely Rebound
8.7. Market Dynamics
8.7.1. Drivers
8.7.2. Restraints
8.7.3. Opportunity Analysis
8.8. Supply Demand Analysis
9. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume (Metric Tonnes) Analysis, By Product, 2017 to 2022
9.3. Current and Future Market Size (US$ Million) and Volume (Metric Tonnes) Analysis and Forecast, By Product, 2023 to 2033
9.3.1. Dual-Ovenable Lidding Films
9.3.2. Speciality Lidding Films
9.3.3. High Barrier Lidding Films
9.3.4. Breathable Lidding Films
9.3.5. Die-Cut Lidding Films
9.4. Market Attractiveness Analysis, By Product
10. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume (Metric Tonnes) Analysis, By Material, 2017 to 2022
10.3. Current and Future Market Size (US$ Million) and Volume (Metric Tonnes) Analysis and Forecast, By Material, 2023 to 2033
10.3.1. PE
10.3.2. PET
10.3.2.1. APET
10.3.2.2. CPET
10.3.3. PP
10.3.4. PVC
10.3.5. Polyamide
10.3.6. EVOH
10.3.7. Aluminum
10.3.8. Others
10.4. Market Attractiveness Analysis, By Material
11. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) and Volume (Metric Tonnes) Analysis, By Application, 2017 to 2022
11.3. Current and Future Market Size (US$ Million) and Volume (Metric Tonnes) Analysis and Forecast, By Application, 2023 to 2033
11.3.1. Cups
11.3.2. Trays
11.3.3. Cans & Bottles
11.3.4. Jars
11.3.5. Others
11.4. Market Attractiveness Analysis, By Application
12. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Million) and Volume (Metric Tonnes) Analysis, By End Use, 2017 to 2022
12.3. Current and Future Market Size (US$ Million) and Volume (Metric Tonnes) Analysis and Forecast, By End Use, 2023 to 2033
12.3.1. Food
12.3.2. Pharmaceutical
12.3.3. Personal Care & Cosmetics
12.3.4. Other Industries
12.4. Market Attractiveness Analysis, By End Use
13. Cross Section Analysis
13.1. United States Cross Section Analysis End use by product
14. Market Structure Analysis
14.1. Market Analysis by Tier of Companies (Lidding Films Manufacturers)
14.2. Market Share Analysis of Top Players
14.3. Market Presence Analysis
15. Competition Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Competition Deep Dive/ Portfolio Analysis (Global Based/Operating Key Market Players)
15.3.1. Amcor Plc
15.3.1.1. Overview
15.3.1.2. Product Portfolio
15.3.1.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.1.4. Sales Footprint
15.3.1.5. Strategy Overview
15.3.2. Sonoco Product Company
15.3.2.1. Overview
15.3.2.2. Product Portfolio
15.3.2.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.2.4. Sales Footprint
15.3.2.5. Strategy Overview
15.3.3. Graphic Packaging International, LLC
15.3.3.1. Overview
15.3.3.2. Product Portfolio
15.3.3.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.3.4. Sales Footprint
15.3.3.5. Strategy Overview
15.3.4. Sealed Air Corporation
15.3.4.1. Overview
15.3.4.2. Product Portfolio
15.3.4.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.4.4. Sales Footprint
15.3.4.5. Strategy Overview
15.3.5. Berry Global Inc
15.3.5.1. Overview
15.3.5.2. Product Portfolio
15.3.5.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.5.4. Sales Footprint
15.3.5.5. Strategy Overview
15.3.6. Novolex Holdings, LLC
15.3.6.1. Overview
15.3.6.2. Product Portfolio
15.3.6.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.6.4. Sales Footprint
15.3.6.5. Strategy Overview
15.3.7. Klöckner Pentaplast Group
15.3.7.1. Overview
15.3.7.2. Product Portfolio
15.3.7.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.7.4. Sales Footprint
15.3.7.5. Strategy Overview
15.3.8. Profol GmbH
15.3.8.1. Overview
15.3.8.2. Product Portfolio
15.3.8.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.8.4. Sales Footprint
15.3.8.5. Strategy Overview
15.3.9. Dunmore
15.3.9.1. Overview
15.3.9.2. Product Portfolio
15.3.9.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.9.4. Sales Footprint
15.3.9.5. Strategy Overview
15.3.10. ProAmpac Holdings Inc.
15.3.10.1. Overview
15.3.10.2. Product Portfolio
15.3.10.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.10.4. Sales Footprint
15.3.10.5. Strategy Overview
15.3.11. Toray Plastics
15.3.11.1. Overview
15.3.11.2. Product Portfolio
15.3.11.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.11.4. Sales Footprint
15.3.11.5. Strategy Overview
15.3.12. Plastopil BV.
15.3.12.1. Overview
15.3.12.2. Product Portfolio
15.3.12.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.12.4. Sales Footprint
15.3.12.5. Strategy Overview
15.3.13. Mondi Plc
15.3.13.1. Overview
15.3.13.2. Product Portfolio
15.3.13.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.13.4. Sales Footprint
15.3.13.5. Strategy Overview
15.3.14. Momar Industries
15.3.14.1. Overview
15.3.14.2. Product Portfolio
15.3.14.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.14.4. Sales Footprint
15.3.14.5. Strategy Overview
15.3.15. Dupont Teijin Films USA
15.3.15.1. Overview
15.3.15.2. Product Portfolio
15.3.15.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.15.4. Sales Footprint
15.3.15.5. Strategy Overview
15.3.16. Dow Inc.
15.3.16.1. Overview
15.3.16.2. Product Portfolio
15.3.16.3. Profitability by Market Segments (Product/Material/Application/End Use/Region)
15.3.16.4. Sales Footprint
15.3.16.5. Strategy Overview
*The above list is indicative in nature and is subject to change during the course of research
16. Assumptions and Acronyms Used
17. Research Methodology
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