The Global Lidding Film Market is expected to grow at a high CAGR of 5% during the forecasting period (2022-2029).
In 2019, APAC was the largest market for lidding film, and the market in the region is expected to grow at a rapid rate during 2020-2027 because of the growing demand for packaged food.
High barrier packaging films are used for different packaging applications in food, healthcare, consumer goods, and other industries. These films are usually made of plastic as it is lightweight, non-corrosive, relatively cheaper than other materials, and can be moulded into different shapes.
The materials generally used in the manufacture of packaging films are polypropylene, polyamide, polyethylene, polyvinyl chloride, ethylene vinyl alcohol, and polyester.
The demand from the food industry, the major end-user of high barrier packaging films, is anticipated to increase at a strong rate during the forecast period as the use of these films help reduce the addition of preservatives in food products to extend their shelf life
Due to increasing door-to-door transportation globally, products undergo severe conditions. Therefore, they require advanced packaging to maintain long shelf life.
Packaging is crucial in the food industry to safeguard the food products and maintain the quality. The high barrier packaging films help in extending shelf life and preserving the high quality of food stored in them.
An increase in the demand for fresh and prepared food products will propel the need for high barrier packaging films, globally. Consumers are demanding those food products that are processed as little as possible and artificial additives and preservatives are not used for preserving the food quality.
This has led to food manufacturers demanding new shelf life-enhancing methods and packaging. High barrier packaging films have unique properties like chemical properties, heat resistance, gas and aroma barrier, high tensile strength, puncture resistance, durability, special surface properties, and lighter packaging.
Because of these properties, high barrier packaging films are in demand as manufacturers are using these advanced materials that fulfil not only industry demand in certain applications but also consumer satisfaction. Super-thin films and multilayer films are the major films used for many food products applications.
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