Lidding film sales in the United States totaled USD 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 USD 755.4 million in 2023 to USD 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 | USD 721.7 million |
| Estimated United States Lidding Film Revenue (2023) | USD 755.4 million |
| Projected Value (2033) | USD 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 USD 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% |
Principal Consultant
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 USD 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 USD 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 | USD 449.08 million |
| Dual-ovenable Lidding Films | USD 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 USD 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 USD 317.80 million by 2033.
| Material Type | PE |
|---|---|
| Predicted Value (2033) | USD 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 USD 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) | USD 755.4 million |
| Projected Size (2033) | USD 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 USD 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 USD 755.4 million in 2022.
Lidding film sales in the United States are expected to total USD 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 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2033 6. Market - Pricing Analysis 7. Market Demand (in Value or Size in USD Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product 9.1. Dual-Ovenable Lidding Films 9.2. Speciality Lidding Films 9.3. High Barrier Lidding Films 9.4. Breathable Lidding Films 9.5. Die-Cut Lidding Films 10. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material 10.1. PE 10.2. PET 10.2.1. APET 10.2.2. CPET 10.3. PP 10.4. PVC 10.5. Polyamide 10.6. EVOH 10.7. Aluminum 10.8. Others 11. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 11.1. Cups 11.2. Trays 11.3. Cans & Bottles 11.4. Jars 11.5. Others 12. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 12.1. Food 12.2. Pharmaceutical 12.3. Personal Care & Cosmetics 12.4. Other Industries 13. Cross Section Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Amcor Plc 15.2. Sonoco Product Company 15.3. Graphic Packaging International, LLC 15.4. Sealed Air Corporation 15.5. Berry Global Inc 15.6. Novolex Holdings, LLC 15.7. Klöckner Pentaplast Group 15.8. Profol GmbH 15.9. Dunmore 15.10. Plastopil BV. 15.11. Mondi Plc 15.12. Momar Industries 15.13. Dupont Teijin Films USA 15.14. Dow Inc. 16. Assumptions and Acronyms Used 17. Research Methodology
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Industry Analysis of Lidding Film in the United States
