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Global PET Lidding Films Market Research Report 2020-2026

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aditi panse

Summary - A new market study, titled “Global PET Lidding Films Market Research Report- Forecast till 2025” has been featured on WiseGuyReports.

Global PET Lidding Films Market Research Report- Forecast till 2025

Also Read:

http://heraldkeeper.com/economy/pet-lidding-films-2020-global-industry-size-share-trends-key-players-analysis-applications-forecasts-to-2025-471622.html

Market Analysis

The PET lidding films are mainly used in the packaging of a variety of food items, pharmaceutical products, beauty, and personal care products, delicate electronic parts and much more. The world of PET lidding Films Market is very huge and continues to expand at 6.7% CAGR during the forecast period. Lidding films comprises oriented peel and nonpeel seal ovenable lidding polyester films. They are pocket-friendly options invented to overcome the imperfections of traditional packaging methods.

The busy lifestyle of the working community and growing demand for processed food in urban areas are major factors expected to add growth for the Global PET lidding films. The retail industry is growing continually to accomplish and give comfort life to all categories plays a vital role in increasing the demand for PET lidding films.

Various types of plastics and its polymers is the main ingredient used for the manufacturing of flexible lidding films. The availability of raw materials, global and domestic demand and supply trends and government supervision decides the packaging cost of the product.

Flexible packaging leads their role in the conservation of meat and fish products because of their delay in product deterioration, retaining the effects of processing and maintenance of quality and safety of food. These PET lidding films are heat resistant, stable and possess high tensile strength because of these properties it increases the shelf life of the product. In Asia- Pacific the demand for meat and fish products, PET lidding films for packaging is rising exponentially because of hygiene, health, and growth in the retail sector.

 

Market Segmentation

The global market of PET leading films is sliced based on application, product, and end-user type.

In application type, the global PET lidding films market is subdivided into trays, cups, jars & bottles and others. The trays segment accounted for the biggest contribution followed by the cups segment.

In product type, the global PET lidding films market is categorized into dual-ovenable lidding films, breathable lidding films, specialty lidding films, high barrier lidding films, and resealable/reclosable films.

The end-user market is categorized into pharmaceutical, personal care & cosmetics, food & beverage, and others. The food & beverage sector is expected to prevail followed by the pharmaceuticals segment during the forecast period.

 

Regional Analysis

The regional analysis of the global PET lidding film market shows the market is spread over Europe, North America, Asia-Pacific (APAC), and the rest of the world. Europe is expected to dominate the PET lidding films market during the researched period, followed by North America. The region is anticipated to witness an immense rise in the packaging of food and beverage and pharmaceutical products. Germany followed by France and the UK lead the PET lidding films market in Europe.

In 2018, North America clutched the second-largest market stake in the PET lidding films market.

 

Major players

The major players of Global PET Lidding Films Market are Uflex LTD (India), Plastopil (Israel), Wipak Walsrode Gmbh & Co. Kg (Germany), Impak Films Pty. Ltd (Australia). Amcor PLC (Australia), Mondi (Austria), Berry Global INC (US), Sealed Air Corporation (US) and Clifton Packaging Group Limited (UK).

In February 2017, Mondi acquired Excelsior Technologies, a vertically integrated producer of flexible packaging solutions, primarily to support its food packaging applications

In December 2018, Uflex acquired a 100.00% share of Flex Chemicals Private Limited, a Russian company that deals in industrial ink and other related products.

FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5221864-global-pet-lidding-films-market-research-report-forecast-till-2025

 About Us:

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.  

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