Growing need for packaging material that leads to high productivity and less stress on machines had led to an ever increasing demand for lidding foil market. Lidding foils are used to give a consummate conclusion to the container as well as assurance from external impacts. Lidding foils are also preferred due to their smooth and robust peel which is well suited for clean room environments. Lidding foils provide barrier protection which is approximately five times better than other lidding material. Not only this, they also offer many advantages to the packaging machinery operators as they run more efficiently on the packaging lines providing fewer hang ups and rejects as compared to their counterparts.
Market Analysis and Insights: Global Lidding Foil Market
Due to the COVID-19 pandemic, the global Lidding Foil market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Die Cut Lidding Foil accounting for % of the Lidding Foil global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Pharmaceutical segment is altered to an % CAGR throughout this forecast period.
North America Lidding Foil market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Lidding Foil include Winpak, Amcor, Constantia Flexibles, Raviraj Foils Limited, Wisesorbent Technology, Tekni-Plex, Sonoco, Assan Aluminyum and Symetal, etc. In terms of revenue, the global 3 largest players have a % market share of Lidding Foil in 2021.
Global Lidding Foil Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Lidding Foil Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Die Cut Lidding Foil
Roll Stock Lidding Foil
Segment by Application
Pharmaceutical
Food and Beverage
Others
By Company
Winpak
Amcor
Constantia Flexibles
Raviraj Foils Limited
Wisesorbent Technology
Tekni-Plex
Sonoco
Assan Aluminyum
Symetal
Fukuda Metal Foil & Powder
NGPL Paper Pack
Raviraj Foils Limited
Gravure Packaging Products
Caprihans India Limited
Carcano Antonio SpA
Ispak Ambalaj
Sergusa Solutions Pvt. Ltd
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina