Global High Barrier Lidding Film Market Estimated at US$ 2.3 Billion in 2023, Anticipating Growth to US$ 4.1 Billion by 2033 at 4.6% CAGR | FMI

Businesses are recognizing the need to adapt as consumer knowledge of the significance of eco-conscious decisions rises, not just to comply with legal requirements but also to fit with the preferences of a sustainability-conscious customer base. As a result, the packaging industry's transition to a more environmentally responsible future increasingly depends on eco-friendly lidding films.

Customer Demand for Sustainability Risks High Barrier Lidding Films

As sustainability gains popularity, environmental concerns impact the high barrier lidding film market. Due to their unfavorable environmental effects, plastic packaging materials such as high barrier lidding films are being scrutinized more closely. The industry is pressured to use less plastic and adopt eco-friendly alternatives due to government and consumer advocacy for greener alternatives.

Due to the growing demand for sustainability, the market growth of conventional high barrier films is being constrained. This has forced producers to look at more eco-friendly packaging options and invest in them to meet changing consumer demands and lessen their environmental impact.

“The market is expected to expand rapidly due to the rising need for food packaging solutions that preserve product freshness and improve shelf life. Due to developing sustainability concerns, eco-friendly options may gain popularity and change the business environment.” - Ismail Sutaria (Lead Consultant, Packaging and Materials)

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Key Takeaways

  • The PET segment of the material category is to grab a share of 35.6% by 2033.
  • In the end-use category, the food segment accounts for a market share of 42.1% during the forecast period.
  • By 2033, Italy market is expected to possess a 4.8% share.
  • By 2033, Canada anticipates capturing a 3% market share.
  • The United States high barrier lidding film market is forecast to have an 18.5% market share by 2033.
  • By 2033, Germany is expected to hold 6.8% of the market share.
  • Japan's market share is expected to reach 4.1% by 2033.
  • The market in France may acquire a share of 4.5% until 2033.
  • Until 2033, China may grab a high barrier lidding film market share of 13.9%.
  • The India market is going to continue to hold a share of 5.3% through 2033.
  • Until 2033, the market in the United Kingdom is anticipated to grab a share of 3.3%.
  • The Spain market is going to acquire a share of 4.0% through 2033.
  • The South Korean market is expected to have 1.9% of the market share by 2033.
  • By 2033, Thailand is anticipated to hold 2.1% of the market share.

Competitive Landscape

Leading high barrier lidding film manufacturers make up a modest 10% to 15% of the market, characterized by fragmentation. Prospects for growth include:

  • Establishing a more robust market presence through mergers and acquisitions.
  • Researching untapped markets.
  • Taking advantage of new developments in consumable supplies for cytology and histology.

These developments fuel high barrier lidding film market expansion within the target industry, opening doors for businesses to solidify their positions and increase their market share.

Noteworthy Advancements

  • In July 2021, Bemis worked with several leading rivals in the industry to help determine the future of apparel innovation while demonstrating its dedication to ethical business practices.
  • Kaladex polyethylene naphthalate (PEN) high-performance polyester films for demanding applications to again be available, according to a May 2021 announcement from DuPont Teijin Films.

Essential High Barrier Lidding Film Manufacturers:

  • Bemis Company, Inc.
  • DuPont Teijin Films US Limited Partnership
  • TCL Packaging Ltd
  • Golden Eagle Extrusions, Inc.
  • Sealed Air Corporation
  • Toray Plastics (America), Inc.
  • Schur Flexibles Holding GesmbH
  • Multi-Pastics, Inc.
  • Mondi Group
  • Clifton Packaging Group Ltd

Key Segments:

By Product Type:

  • Cup
  • Tray
  • Top-Web

By Material:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polyvinyl Chloride (PVC)

By End Use:

  • Food and Beverages
  • Pharmaceuticals
  • Cosmetics
  • Consumer Goods

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

 

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