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Allied Market Research

Anti-fog Lidding Film Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

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Jun 2021 | 169 Views
 
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COVID-19

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Packaging is an important factor for any industry. Without proper packaging, the safety of the product inside the packaging cannot be ensured. The products must be protected from moisture so that the quality of the product could be maintained. The packaged food, which contains moisture in itgenerally tends to form water droplets on the packaging.This results in fogging on the package, which makes the customer unable to see the food product inside the packaging. Therefore, anti-fog lidding films are widely used to prevent the formation of fog.

Market scope and structure:

Report Metric

Details

  Market size available for years

2019–2027

  Base year considered

2019

  Forecast period

2020–2027

  Forecast unit

Value (USD)

  Segments covered

Product Type, Material Type, Seal Type, Application

  Companies covered

Uflex Ltd., Toray Plastics (America), Inc., PlastopilHazorea Company Ltd, Effegidi International S.p.A., Sealed Air Corp., Berry Global Inc., Flexopack SA. Winpak Ltd., Coveris Holdings SA, Flair Flexible Packaging Corporation, Rockwell Solutions Limited, RPC bpi group, Cosmo Films Ltd., and Bemis Company Inc.

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

COVID-19 scenario analysis:

  • The demand for anti-fog lidding films is expected to decrease in 2020 due to low demand from the food industry,owing to the lockdown imposed by governments of many countries.
  • COVID-19 crisis is likely to affect the anti-fog lidding films industry negatively as a result of halted manufacturing and massive reduction in demand for luxury and non-essential services globally.
  • COVID-19 crisis had a mixed impact on the packaging industry, mainly due to closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown.
  • The requirement of e-commerce specific packaging is likely to remain strong; although, the e-commerce companies would have to focus on protection of goods and sanitization of packages.
  • In addition, the food packaging industry is on the frontline within the global packaging market, owing to the demand for essential products, such as groceries and fresh food, mainly from local e-retail sites.
  • Industrial, transportation, and bulk packaging faced a sharp decline, owing to decreased demand for non-essential goods during the first two quarters of 2020.
  • Low disposable income of maximum population and weak demand for packaging from industrial goods led to the packaging industry to face significant pressure of reduction in both wholesale as well as retail costs.
  • Consumers are likely to stay hesitant for consumption of luxury products, travel, and hospitality services.This is expected to hinder the packaging industry growth in the future after the COVID-19 crisis.

Top impacting factors:Market scenario analysis, trends, drivers, and impact analysis

Considering the vulnerability of the products to corrosion caused by oxygen, humidity, and moisture, effective packaging of the products must be done. This helpsto maintain the product quality and to store for a long time. Anti-fog lidding film is an effective way to reduce the danger of corrosion of the product inside the packaging and also to avoid the formation of fog due to the moisture present in the food product. These are generally made up of materials such as polyethylene (PE), polyethylene terephtalate (PET), polypropylene (PP), polyvinyl chloride (PVC), and polyamide (PA). These anti-fog lidding films can be used on flexible type of packaging of the food products so that the product inside the packaging can be clearly visible to the consumer.

Various packaged food products are transported to longer distances. To maintain the freshness of the packaged food product till it gets consumed, it must be packed appropriately. Appearance of the food product could be affected due to long distance transportation. Anti-fog lidding film prevents any damage to the food product by providing good tensile strength, excellent heat resistance, and UV & temperature stability.Therefore, attributed to these factors, the anti-fog lidding market is expected to grow. Moreover, the demand for packaged food is increasing in various countries across the globe. To prevent fog formation, companies use anti-fog lidding films for packaging of the food products. This could be the key driving factor for the growth of the anti-fog lidding market. As this type of packaging is very easy to use and convenient for consumers, manufacturers use anti-fog lidding films over other packaging methods. Therefore, the demand for anti-fog lidding film is expected to rise during the forecast period.

Furthermore, anti-fog lidding films provide consumer-friendly packaging solution and are spill proof when the packaging is in transit. To open the anti-fog lidding packaging, the consumer just needs to lift a tab on the box and if any food is left in that box, it can be stored in the same packaging. By using anti-fog lidding films, manufacturers look to provide clear visibility of the product to customers.

New product launch to boost the market

Various companies in the packaging market try to develop and introduce new products to the market. These products are more advanced and give better results compared to the previous products. For example, in February 2019, one of the key players in the packaging industry, KM Packaging, launched new lidding films known as KPeelAmbtort. In addition, it launched two types of films,KPeelAmbtort PPs 85 and KPeel Ambtort AL 91. Both the types of lidding films are designed to withstand high temperature in the range of 123 degree Celsius.

Key segments covered:

Segments

Sub-segments

 Material Type

 

  • Polyethylene
  • Polyethylene Terephthalate
  • Polypropylene
  • Polyvinyl Chloride
  • Polyamide
  • Others

Product Type

 

  • Trays
  • Cups &Bowls
  • Jars

Seal Type

  • Peelable Films
  • Resalable Films

Application

 

  • Meat, Poultry, and Seafood
  • Dairy Products
  • Fresh Produce
  • Ready-to-Eat
  • Bakery & Confectionery

 

Key benefits of the report:

  • This study presents the analytical depiction of the anti-fog lidding film market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of theanti-fog lidding film market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the anti-fog lidding film market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
 
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