High Barrier Lidding Film Market

High barrier lidding film is mostly used in the packaging purpose which plays a crucial role in several industries such as Food & Beverages, Cosmetics, and many more depending upon the usage. As we all know how important packaging is in the market when it comes to safety and delivery. Lidding finds its application usage in a closure on plastic bowls, cups, or trays that hold products such as yogurt, soup, meats, cheese, and many other food products. High barrier lidding is often a laminated construction, made up of foil, paper, polyester, PET, or any kinds of other metalized and non-metalized materials that make up the film. They are manufactured to provide a safe condition to food products in order to increase their life expectancy. They act as barriers to preserve the food quality and product integrity as packages made with plastic are permeable to gases, vapor, aromas, flavor, and additives. In addition, it is also applicable in creating a favorable environment in the pharmaceutical industry for carrying out different kinds of sensitive tests and operations. It also helps the different consumer goods and cosmetic products to remain efficient for a longer period of time.

Market Scope and Structure Analysis

COVID-19 Impact analysis

• The lockdown situation has brought about the shutdown of various manufacturing units of high barrier lidding film which brought about a decline in the sales and also disrupted the supply chain of the market.
• Food and beverage industry has been severely affected due to the nationwide lockdowns. It has hampered the demand for packed food in various countries. Being the major application area for high barrier lidding films, it restricts the growth prospects for the market.
• Economics of the high barrier lidding film market is expected to return on track, owing to its growing concern and application in the safety and hygiene in the pharmaceutical and food packaging industries.

Top Impacting Factors

The growing demand for the consumption of the packaged foods and beverages across the globe is the main factor that is driving the high barrier lidding film market. The customers are preferring more towards fresh and ready-to-eat food products that are packed in lucrative cups and trays under low oxygen modified atmosphere packaging is also boosting the high barrier lidding film market. However, some factors that are hampering the growth of the market is growing environmental concerns regarding the biodegradability is negatively affecting the market. Initiatives are being taken by the regulatory bodies and other organizations for encouraging the use of bio-based materials for various packaging purposes. This factor has opened new opportunities in the market such as the market players are now taking initiative efforts to develop high barrier lidding films that are biodegradable and environment friendly. Moreover, these high barrier films are also used in the packaging of healthcare and medical products. As a result of rising awareness for a healthy lifestyle and increase in disposable income in the developing countries, the demand for these films can penetrate deeper in the market and increase the market size.

Market Trends

• In August 2020, Sonoco, one of the largest global diversified packaging companies has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, which will help in growing portfolio of sustainable packaging solutions.
• In March 2020, Huhtamaki has completed the acquisition of Laminor S.A. in Brazil, a highly specialized in high-quality tube laminates, particularly for oral care applications. This acquisition enables Huhtamaki to expand its tube laminate business, an important part of the Group’s flexible packaging offering.
• In June 2019, Amcor announced the completion of its acquisition of Bemis Company Inc. The combined company will now operate as Amcor Plc (Amcor). The acquisition of Bemis has brought additional scale, capabilities and footprint that has strengthen Amcor’s industry leading value proposition and generate significant value for shareholders.

Key Benefits of the Report

• This study presents the analytical depiction of the high barrier lidding film industry 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 the high barrier lidding film market share.
• The current market is quantitatively analyzed from 2019 to 2030 to highlight the high barrier lidding film market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed high barrier lidding film market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the high barrier lidding film Report

• Who are the leading market players active in the high barrier lidding film market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?
• Which Government regulations might challenge the status of key regional markets?
• What are the key barriers to enter for the new players in the market?
• What value proposition should businesses aim at while making new research and development funding?

 High Barrier Lidding Film Market Report Highlights