PET Lidding Films Market Size- By Product Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global PET Lidding Films Market Overview
According to SPER Market Research, the Global PET Lidding Films Market is estimated to reach USD 1.15 billion by 2032 with a CAGR of 6.94%. They typically have properties like strong tensile strength, heat resistance, and stability. They are biodegradable and environmentally friendly, which aids in environmental preservation. Films that can be used to reseal containers once they have been opened are also manufactured of PET. They are frequently applied to food and drink. By inhibiting the entry or exit of moisture, gas, and light, resealable films contribute to the preservation of products' freshness. The use of PET lidding films in the pharmaceutical industry is one of their main uses.
Impact of COVID-19 on the Global PET Lidding Films MarketDue to a historic low in global trade, the COVID-19 pandemic had a detrimental effect on the market. Additionally, during the lockdown, the economy caused foreign currencies to fluctuate, which reduced demand for services. The elements that are causing the market value to increase include the rising popularity of food packaging, increased urbanization and industrialization, changes in the way of life in developing nations around the world, and customer trust in online food products over traditional grocery items.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Product Type, By End use, By Application
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Amcor Plc, Berry Global Inc., Clifton Packaging Group Limited, Cosmo Films Ltd, Flair Flexible Packaging Corporation, Tilak Polypack Pvt. Ltd., Toray Plastics (America), Inc., Uflex Limited, Winpak Ltd.
Global PET Lidding Films Market Segmentation:By Application: Based on the Application, Global PET Lidding Films Market is segmented as; Trays, Cups, Jars, Bottles, Others
By End-user: Based on the End user, Global PET Lidding Films Market is segmented as; Food & Beverage, Pharmaceutical, Others
By Region: Based on the Region, Global PET Lidding Films Market is segmented as; Asia-Pacific, Europe, North America, South America, LAMEA.