According to Future Market Insights research, during the estimated period, the peelable lidding films market is fixed to enjoy an estimation of US$ 3.6 Billion in 2023, and further increase at a CAGR of 4.7% to reach US$ 5.4 Billion by the year 2033. The peelable lidding film sales are anticipated to bolster with the top 5 providers holding 15-20% of the global peelable lidding films market in 2022.
Based on the material, Polyethylene (PE) segment is expected to remain the leading segment for the global peelable lidding films market. The same segment is estimated to account for around 24% of the market value share by the end of 2023.
| Attribute | Details |
|---|---|
| Market Size 2023 | US$ 3.6 Billion |
| Market Size 2033 | US$ 5.4 Billion |
| Value CAGR (2023 to 2033) | 4.7% |
| Collective Value Share: Top 5 Companies (2022A) | 40 to 45% |
The global peelable lidding films market holds around 1-3% of the global packaging films market worth US$ 144 Billion in 2022.
The peelable lidding films market is expected to experience positive growth during the forecast period. A new projection of FMI forecasts that peelable lidding film sales will rise from 2023 to 2033 and are projected to generate an attractive incremental growth opportunity of US$ 2.1 Billion.
The increased consumption of ready-to-eat food products is the major factor propelling the demand for the peelable lidding films market across the globe. The peelable lidding films market is projected to grow 1.6x the current market value from 2023 to 2033.
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The global peelable lidding films market witnessed a CAGR of 2.5% from 2018 to 2022 and reached US$ 3.4 million in 2022.
Innovation and technological advancement are likely to be critical success factors in the peelable-lidding films market. Food, personal care & cosmetics, and pharmaceutical manufacturers prefer peelable lidding films owing to their high barrier properties and flawless print finish on films, further driving the growth of the peelable lidding films market across the globe.
The rising trend of innovative and sustainable packaging solutions and customers’ inclination to reduce the impact of the packaging on the environment enables manufacturers and brand owners to move towards environment-friendly packaging. Several major players are focusing on producing peelable lidding films that are biodegradable. This will bolster the demand for the peelable lidding films market.
Peelable lidding films offer high-performance and efficient packaging, allowing manufacturers to support the widespread consumer demand for eye-catching, appealing solutions. It maximizes the added value of the package through glossy appearance and an attractive appearance on the retail shelf to grab the consumer’s attention. The growing consumer preference for highly eye-catching, glossy packaging solutions and premium final pack presentation presents robust growth opportunities.
Food packaging is a crucial element in the food industry nowadays, with food safety gaining high importance in consumers’ minds. The rise in demand for processed and convenient food packaging due to changes in lifestyles as well as the growing trend of online food product ordering is expected to be the major factor in the growth of the peelable lidding films market. The growing demand for convenience and fresh food will drive the market for peelable lidding films. With the rapid growth of single-use food and beverage packaging consumption, peelable lidding films have become an essential element in the food packaging industry. Peelable lidding films are used for lidding fresh fruits & vegetables, processed meat, salads & sandwiches, dairy products, and desserts. With the flourishing demand for these products, the demand for peelable lidding films is rising.
Furth more, consumers are shifting toward supermarkets, hypermarkets, and organized retail channels for their grocery and everyday food requirements, which results in the expansion of the global peelable lidding films market. Thus, the peelable lidding films market is expected to witness substantial growth due to increasing consumption of on-the-go food products in developed as well as developing economies due to the fast-paced lifestyles of consumers.
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The high barrier lidding films segment is projected to be the most attractive product in the global peelable lidding market. High barrier lidding films are anticipated to remain the leading segment, holding around 52.5% of the peelable lidding films market by 2033. The excellent barrier protection provided by high barrier peelable lidding films helps in product protection and quality preservation. During the transit, it prevents wastage of products, thus the manufacturers can supply their products to distant markets.
The food end-use industry offers lucrative growth opportunities in the peelable lidding films market. As more than 60% of peelable lidding films have been acquired by the food industry because of their great preservation properties they can be chilled or frozen and microwaved also due to which these films can be used as a packaging film for prepared meals. As peelable lidding films maintain flavor, and color and also maintains the taste of the food products. Mostly peelable lidding films are used in the tray and cup-style food packaging presentations. Due to developed plastic technology, there have been new applications for peelable films applied to the food industry. The food segment is anticipated to remain the leading segment, holding around 61.9% of the global peelable lidding films market by 2033.
The USA is estimated to register a CAGR of nearly 3.6% from 2023 to 2033. Food industries are the end-user segments that offer lucrative growth opportunities in the peelable-lidding films market. As the food packaging industry is one of the major industries in the world, they have enormous demand.
According to World integrated trade solution, states that the USA is the largest exporter of food products. The USA exports US$ 88 million thousand of the food product at a share of 3.07%. As the largest exporter of food products, the country requires safe packaging solutions. Peelable lidding films are the most prominent packaging solution for food products. The USA is setting a platform for the peelable lidding films market amid rising demand from the country. FMI analysis states that the USA peelable lidding films market is estimated to create an incremental opportunity from 2023 to 2033.
Germany is expected to drive the demand for peelable lidding films is expected to grow the market at the rate of 3.0% CAGR in the forecast period. Most of the polypropylene film manufacturing companies are in Germany where polypropylene is one of the leading materials of peelable lidding films because Germany offers a highly developed form of polypropylene film in terms of research, infrastructure, domestic & global market, and production facilities. Polypropylene film has many opportunities due to many packaging applications such as food, and it is used in medical applications.
According to International Life Sciences Institute (ILSI) Europe, polypropylene is one of the lowest-cost packaging materials. Polypropylene is also glossy and transparent, giving an attractive sparkle to the pack. It is suited to the task of over-wrapping a tray containing foods where there is a reasonable requirement for a water barrier to prevent the food from drying out for its shelf life of a few days.
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The key players operating in the peelable lidding films market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. The key players are trying to adopt a merger & acquisition strategy to expand their resources and are developing new sustainable and innovative products to meet customer needs. Also, the players are focusing on upgrading their facilities to cater to the demand. Some of the recent key developments by the leading players are as follows
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.7% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Material, End Use |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | The USA, Canada, Germany, Italy, France, The United Kingdom, Spain, Russia, Poland, Turkey, South Africa, GCC Countries, Japan, South Korea, India, China, Australia, New Zealand |
| Key Companies Profiled | Clondalkin Group Holdings B.V.; Flair Flexible Packaging Corporation; Plastopil Hazorea Company Limited; Schur Flexibles Holding GesmbH; LINPAC Packaging Limited; Winpak Limited; Berry Global Group Inc.; KM Packaging Services Limited; TCL Packaging Limited; Flexopack SA; FFP Packaging Solutions Limited; Golden Eagle Extrusions Inc.; Multi-Plastics Inc.; Sappi Rockwell Solutions Limited; Amber Packaging Industries L.L.C.; Constantia Flexibles Group GmbH; Uflex Limited; Impak Films Pty. Limited |
| Customization & Pricing | Available upon Request |
In 2021, the value of the global peelable lidding films market was US$ 3.4 billion.
During the forecast period, the peelable lidding films market is anticipated to expand at a CAGR of 4.7%.
The global peelable lidding films market is expected to reach US$ 5.4 billion by the end of 2033.
During the forecast period, food segment is likely to be the fastest growing end use segment in the peelable lidding films market.
Berry Global Group Inc., Sonoco Products Company, Clondalkin Group Holdings B.V., Flair Flexible Packaging Corporation, Plastopil Hazorea Company Limited, Schur Flexibles Holding GesmbH, LINPAC Packaging Limited, Winpak Limited, are some of the key players operating in the peelable lidding films market.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Material 6.3. End Use 7. Global Market Analysis and Forecast, By Product Type 7.1. Dual Ovenable Lidding Films 7.2. Specialty Lidding Films 7.3. High Barrier Lidding Films 7.4. Breathable Lidding Films 7.5. Die-Cut Lidding Films 8. Global Market Analysis and Forecast, By Material 8.1. Polypropylene (PP) 8.2. Polyethylene (PE) 8.3. Polyvinyl Chloride (PVC) 8.4. Polyamide (PA) 8.5. Ethylene Vinyl Alcohol (EVOH) 8.6. Aluminium 8.7. Others (Polystyrene (PS), Polyethylene Terephthalate (PET), etc.) 9. Global Market Analysis and Forecast, By End Use 9.1. Food 9.2. Beverages 9.3. Pharmaceutical 9.4. Personal Care & Cosmetics 9.5. Other Consumer Goods 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Middle East & Africa 10.7. Oceania 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Type, Material, and End Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Clondalkin Group Holdings B.V. 20.2. Flair Flexible Packaging Corporation 20.3. Plastopil Hazorea Company Limited 20.4. Schur Flexibles Holding GesmbH 20.5. LINPAC Packaging Limited 20.6. Winpak Limited 20.7. Berry Global Group Inc. 20.8. KM Packaging Services Limited 20.9. TCL Packaging Limited 20.10. Flexopack SA 20.11. FFP Packaging Solutions Limited 20.12. Golden Eagle Extrusions Inc. 20.13. Multi-Plastics Inc. 20.14. Sappi Rockwell Solutions Limited 20.15. Amber Packaging Industries L.L.C. 20.16. Constantia Flexibles Group GmbH 20.17. Uflex Limited 20.18. Impak Films Pty. Limited
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Peelable lidding films Market
