The global dual ovenable lidding films market is estimated to reach at a high CAGR of during the forecast period (2022-2029).
Clear plastic films are commonly used for packaging entrees and side dishes are known as dual ovenable lidding films. They keep the film on the product while it cooks and can be used in microwaves and conventional ovens. Dual ovenable lidding films are ideal for fresh or refrigerated goods and they also assist in safeguarding the food during shipment, distribution and shelf life. As people's lifestyles have changed, this form of flexible packaging has become increasingly popular. Consumers today value simple, single-serving meals that can be made quickly and easily. Single-serving meals are made possible by the use of two oven-safe lidding films.
Dual ovenable lidding is a game-changing approach to package food for use in the microwave or oven while also extending its shelf life. The form of lidding will continue to rise as people gravitate toward meals ready to eat in minutes. The potential of lidding to decrease the problems connected with packaging processed food is another factor leading to its expansion, which will raise consumer demand as people become more concerned about food safety. Dual-Ovenable lidding films are ideal for packing frozen foods, ready-to-eat meals, or any other application that requires heating in an oven or microwave. The films have excellent clarity, customizable peel ability and excellent heat resistance.
Source: DataM Intelligence Analysis (2019)
Due to customer preferences for the freezer to oven cooking and "no-touch" cooking solutions, dual-ovenable lidding films are gaining popularity in the packaged food goods market, which will create growth prospects for the dual-ovenable lidding films market. The popularity of packaged foods will boost sales of single-serve meals such as frozen foods, processed meat and other things during the forecast period. Manufacturers are increasingly attempting to create recyclable products. Customers' growing demand for environmentally friendly packaging solutions, as well as tight recycling regulations, is creating demand for decomposable dual ovenable lidding films as well.
Several beneficial properties of dual ovenable lidding films
Dual-ovenable lidding will continue to be popular among consumers due to its ease of packing, high safety and other beneficial qualities. Dual-ovenable lidding films have been developed as a game-changing technique to package food that needs to be prepared in the oven or microwave.
Furthermore, these packaging films can provide a longer shelf life while still preserving the freshness and flavor of the food. Processed food goods, rather than traditional grocery store items, are more popular these days. As a result, packaging plays an important role in the case of processed food goods, where it is required to extend shelf life.
Increasing use of meat products
Dual ovenable lidding films are frequently suggested for packing meat and other perishables due to their strong barrier against air, moisture and bacteria. To efficiently reach customers, manufacturers are forming partnerships with retailers and distributors.
Emerging economies are enabling direct investments in the wholesale sector from developed countries, which will raise sales of the dual ovenable lidding film. Food business growth has been beneficial throughout the world, especially in developing countries. Direct investments, in combination with the expansion of the foodservice sector, will create growth prospects.
Availability of alternative products will operate as a hindering element.
Leading food sector firms are using new packaging solutions to meet evolving customer needs, considering recent changes in consumer lifestyle and nutritional habits. The demand for dual ovenable lidding films is projected to be hampered as a growing number of food businesses move from traditional packaging solutions such as tin cans to modern packaging products such as tray and lid solutions.
Covid-19 Impact Analysis
In the worldwide dual lidding films market, the impact of the Covid-19 pandemic can be observed in the form of raw material shortages and disrupted supply chains. The crisis has had a significant impact on the food packaging industries across the world.
Several countries are gradually easing the lockdown while taking appropriate precautions, allowing for a faster recovery. Nonetheless, demand for clean and convenient methods of transporting packed meals from store shelves to consumers' homes is anticipated to increase sales. Processed food is becoming more popular among consumers, which will improve sales in the foreseeable future.
By application, the dual ovenable lidding films market is classified into prepared meals, frozen food, meat products, dairy products and others.
The frozen food segment is expected to be the dominant type during the forecast period
The food industry is the primary driver of the global dual ovenable lidding films market. Food will boost demand for single-serve meals, frozen foods and various other products, boosting sales prospects during the forecast period. Manufacturers are increasingly attempting to create recyclable products.
Customers' growing demand for environmentally friendly packaging solutions, as well as tight recycling regulations, have fueled demand for decomposable dual ovenable lidding films. The food business has experienced good growth throughout the world, especially in developing countries that provide growth opportunities.
Source: DataM Intelligence Analysis (2021)
Asia-Pacific dominates the global dual ovenable lidding films market.
The dual-ovenable lidding films market is dominated by Asia-Pacific, with increasing industrial growth being a primary driver driving market growth. The market would be boosted by urbanization and industrialization in nations like India and China. India is one of the world's top five packaged food markets, making dual ovenable lidding films valuable. Food packaging that can be customized is becoming more popular and sales are expected to rise in the future decade.
According to the India Brand Equity Foundation (IBEF), the Indian packaged food market is expected to quadruple in size in the next 5-10 years, reaching US$ 70 billion, owing to factors such as economic growth and demographic dividends. Due to its protective properties, demand for dual ovenable lidding films has surged in India as packaged goods output has expanded. Furthermore, India's growing population has increased in-state consumption of packaged foods, bolstering market players' prospects.
Source: DataM Intelligence Analysis (2021)
The dual ovenable lidding films market is highly competitive and significant growth is predicted over the next decade. Manufacturers and brand owners see the potential for dual ovenable lidding films as a promotional medium. Several manufacturers offer a variety of printing and embossing options to entice customers.
Amcor PLC, Berry Global, Inc, DuPont Teijin Films, Golden Eagle Extrusions, Inc., Toray Plastics Inc., Clifton Packaging Group Ltd., MULTI-PLASTICS INC., Schur Flexibles Holding GmbH, Sonoco Products Company and Sealed Air Corporation are some of the major players in the global dual ovenable lidding films market.
DuPont Teijin Films
Overview: DuPont Teijin Films is the world's leading specialized producer of PET and PEN polyester films, able to fulfill clients' needs that desire innovative and high-quality films on a global and regional scale. DuPont Teijin Films is a joint venture between DuPont and Teijin split 50/50 into the United States.
Product Portfolio: Mylar, Melinex and Teonex are the films manufactured by Dupont Teijin Films.
Key Developments: DuPont Teijin Films announced in August 2021 the reintroduction of Kaladex Polyethylene Naphthalate (PEN) high-performance polyester films, which were first made in 1992 at our facility in Dumfries, United Kingdom and are now commercially accessible once more. Kaladex PEN films have a higher glass transition temperature than PET and perform better over time at higher temperatures.
The global dual ovenable lidding films report would provide access to an approx. 53 market data table, 49 figures and 180 pages.
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