Research Nester published a report titled “High Barrier Lidding Films Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the high barrier lidding films market in terms of market segmentation by product type, by material used, by end-use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
The packaging is important while selling a food product for protecting it from contamination and increasing its shelf life. High barrier lidding films are designed to provide a safe condition to food products by acting as barriers. They preserve food quality and product integrity as packages made with plastic are permeable to gases, vapor, aromas, flavor, and additives. The market is predicted to witness high growth during the forecast period, i.e., 2020-2028. The market is segmented by product type, material used, end-use industry, and region. Among end use segmentation, the food & beverage industry segment is estimated to carry the largest market share during the forecast period as a result of the budding prevalent consumption of packaged food & beverage.
Regionally, the high barrier lidding film market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. North America and European countries dominate the global market share of high barrier lidding films given huge demand and supply in the regions. Furthermore, the escalating demand for packaged food & beverages and the presence of supermarkets and hypermarkets in almost all the cities in the region further stimulating the market growth.
Owing to increasing demand for packaged food & beverages, rising consumption of personal care products, and cosmetics along with the development in pharmaceutical infrastructure majorly in countries such as South Korea, India, and China, the Asia-Pacific is estimated to grow as the most profitable region.
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In Latin America, and the Middle East & Africa region, the demand for high barrier lidding films is driven by the growing demand for convenience food & beverages with increased shelf life and rising demand for pre-cut meat.
Personal Care, Cosmetics and Pharmaceutical Industry to Boost the Demand for High Barrier Lidding Films
With a significant rise in demand for high- quality cosmetics and personal care products, the market is anticipated to showcase remarkable growth during the forecast period.
Additionally, as a result of increasing awareness for healthy lifestyles and growing disposable incomes in developing nations, high barrier lidding films are involved in the packaging of healthcare and medical products.
However, recycling constraints, sensitivity to degradation, high cost, and consumers preferring eco-friendly products are some of the key factors that might hamper the growth of the market.
This report also provides the existing competitive scenario of some of the key players of the high barrier lidding films market which includes company profiling of Bemis Company, Inc., DuPont Teijin Films U.S Limited Partnership, TCL Packaging (NSE: TCPLPACK), Golden Eagle Extrusions, Inc., Sealed Air Corporation (NYSE: SEE), Toray Plastics, Inc. (TYO: 3402), Schur Flexibles Holding GesmbH, Multi-Plastics, Inc., Mondi Group (LON: MNDI), Clifton Packaging Group Ltd., KM Packaging Services Ltd.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the high barrier lidding films market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future. CLICK TO DOWNLOAD SAMPLE REPORT
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