Peelable lidding films are glossy, transparent, have high burst strength, and have thermal resistance properties. Conventional applications of peelable lidding films included medical devices packaging, as they are easy to open and highly preferred for an emergency situation. Later, with modification in the polymers, they were processed in such a way that they could be used as a packaging material for different food products.
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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Peelable lidding films market is expected to grow at a healthy CAGR during the forecast period . The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of Peelable lidding films Market in the coming 10-years.
Key players covered in the report include:
Rockwell Solutions Limited (Sappi Group), Lindamar Industries, Toray Plastics (America), Inc., Bemis Company, Inc., NatureWorks LLC., Amcor limited, 3M Company
Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Food Packaging Equipment
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Peelable lidding films market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Peelable lidding films Demand Analysis by Category
On the basis of material type, peelable lidding films market is segmented into:
• Polyethylene terephthalate (PET)
• Polyethylene (PE)
• Low density polyethylene(LDPE)
• High Density polyethylene(HDPE)
• Polyester (PS)
On the basis of end use, peelable lidding films market is segmented into:
• Food & beverage industry
• Pharmaceuticals
• Cosmetics and personal care
• Homecare
• Others
On the basis of application type, peelable lidding films market is segmented into
• Trays
• Bowls
• Cups
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Key Peelable lidding films Market Takeaways and Projections :
• The U.S. is expected to lead the North America Peelable lidding films market, projecting the fastest growth in the region in forecasting period
• Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
• India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.
Report Benefits & Key Questions Answered :
• Peelable lidding films Historical Market Analysis: The detailed survey by FMI, examines key factors in the Peelable lidding films market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Peelable lidding films market for the forecast period
• Peelable lidding films Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Peelable lidding films market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
• Peelable lidding films Market Trend Analysis: The latest study by FMI on the Peelable lidding films market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Peelable lidding films Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Peelable lidding films market. Competitive information detailed in the Peelable lidding films market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Peelable lidding films market report.