views
The global high
barrier lidding film market size is anticipated to reach US$
2.3 billion in 2023. The growth is expected to progress at 4.6%,
reaching a valuation of US$ 4.1 billion by 2033. High barrier
lidding film sales are anticipated to be fueled by their superior performance,
lightweight composition, attractive packaging, and broad consumer appeal.
Evolution of High Barrier Lidding Films with Active and
Intelligent Packaging
Innovative trends that are revolutionizing the industry
contribute to a massive transition in the high barrier lidding film sales.
Technology integration for active and intelligent packaging is now the norm.
High barrier lidding films have sophisticated features like freshness sensors
and time-temperature indicators. These developments are revolutionizing the
safety and quality control of products.
Request a Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-4141
Consumers may check the freshness of perishable goods using
time-temperature indicators, which also helps to prevent food waste. Freshness
sensors watch for changes in packing integrity to avoid contamination and
tampering. Developing high-barrier lidding films improves the customer
experience and satisfies the contemporary market’s strict requirements for
safer and more environmentally friendly packaging solutions. These high barrier
lidding film market trends are positioned to influence the future as they
continue to gain traction.
Emergence of Eco-friendly Product Fuels High Barrier
Lidding Films Demand
The high barrier lidding film demand is seeing an evident
rise in environmentally friendly developments, especially in long-lasting high
barrier lidding films. This expansion is caused by the rising demand for
environmentally friendly packaging options. These cutting-edge lidding films
are created to protect effectively while having the least possible adverse
environmental effects. They frequently use recyclable or biodegradable
materials, which reduces the amount of plastic waste.
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
are impacting 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 under pressure to use
less plastic and adopt eco-friendly alternatives due to government and consumer
advocacy for greener alternatives.
Get in Touch with Our Sales Team to Secure Your Copy of
the Report Now! https://www.futuremarketinsights.com/checkout/4141
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.” Opines
FMI analyst.
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.
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
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of
the Stevie Award, and a member of the Greater New York Chamber of Commerce)
offers profound insights into the driving factors that are boosting demand in
the market. FMI stands as the leading global provider of market intelligence,
advisory services, consulting, and events for the Packaging, Food and Beverage,
Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast
team of over 400 analysts worldwide, FMI provides global, regional, and local
expertise on diverse domains and industry trends across more than 110
countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Comments
0 comment