The global breathable lidding film packaging market is poised for remarkable growth, with its value anticipated to reach USD 1,180 million by 2033, according to Future Market Insights. The market is set to grow at a CAGR of 7.2% over the forecast period, from USD 598.82 million in 2023. Historical data from 2018 to 2022 reveals a steady growth rate, with the industry expanding at a CAGR of 4.7%.
The surging popularity of ready-to-eat foods in developed nations like the United States and Germany, coupled with the rising demand for packaged food, is a key driver of the breathable lidding film packaging market.
These films, equipped with micro-perforations, regulate the oxygen transmission rate to extend the shelf life of fresh produce, significantly reducing product expiry rates. By tailoring the oxygen flow based on product type and storage conditions, these films ensure longer-lasting freshness, fueling substantial demand across the food packaging industry.
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Breathable lidding films play a vital role in reducing food waste, thereby enhancing profit margins for retailers and food packagers. With this innovative solution, producers and retailers can ensure higher efficiency in inventory management while meeting consumer demands for fresher, longer-lasting packaged food.
Key Takeaways
- The breathable lidding film packaging business had a valuation of USD 558.6 million in 2022.
- The breathable lidding film packaging business was expanding at a CAGR of 4.7% between 2018 to 2022.
- North America’s breathable lidding film packaging market expanded at a share of 29% in 2022.
- Europe’s breathable lidding film packaging market accounted for a 30% share in 2022. Growth is ascribed to the kind of life people currently lead and to consumer and packaging industry practices that are in line with customer demands.
Competitors Winning Strategies
Investing in research and development operations creates innovative breathable lidding film packaging with improved qualities. This aids producers in differentiating their goods and gaining a market advantage.
Manufacturers of breathable lidding film packaging have the opportunity to comprehend particular needs and provide tailored solutions by working with food producers and merchants.
Key Players
- Eastern Web Handling, Inc.
- Golden Eagle Extrusions, Inc.
- Teinnovations Inc.
- Flexopack
- Bollore Inc.
- Syntech NZ Ltd.
- Hubei Hawking Packaging Material Co., Ltd
- Shamrock Packaging Group
- Hui Zhou Hadway Foil Packaging Co., Ltd.
- Green Packaging Material (Jiangyin) Co., Ltd.
Recent Developments:
- In July 2021, Camvac Limited developed the latest commercial post-consumer recycled (PCR) grade PET barrier film named ExtraPET PCR. This new development joins Camvac’s existing ExtraPET film range which is used primarily within the food and converter marketplace and positions itself within Camvac’s growing Camvert range of sustainable packaging solutions.
- In September 2020, flexible packaging and lidding films provider KM Packaging expanded its product portfolio with the introduction of new mono-polymer material lidding films. Developed for recyclability, the new mono-polymer material lidding films have been produced using polypropylene (PP).
Key segments
By Material Type:
- Plastic
- LDPE
- PP
- Paper
- Woven Sacks
By Substrate:
- CPET-based
- APET-based
- PP-based
- PVC-based
- PE-based
- Others
By Seal Type:
- Peel Seal
- Semi-Weld
- Weld Seal
- Others
By End Use:
- Bakery & Confectionery Products
- Produced Grain
- Produced Vegetables
- Produced Fruits
- Dried Fruits
- Other Food Products
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About Future Market Insights (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.
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