Dual Ovenable Lidding Film Market to Reach US$ 136 Million by 2029
Booming popularity of ready-to-eat food products has opened a wide window of opportunities for packaging manufacturers to offer state-of-the-art packaging solutions that can ensure high quality, convenience, and safety of the ready-to-eat food products. Consequently, dual ovenable lidding films are gaining solid traction in an array of packaged food products. More than 44 thousand tonnes of dual ovenable lidding films were sold across the globe in 2018, and by the end of 2029, the valuation of the market is expected to reach US$ 136 million. Consumers’ continued inclination towards freezer to oven, no touch cooking solutions will continue to fuel sales of dual ovenable lidding films.
Key Growth Influencers – Dual Ovenable Lidding Films Market Growth
Enhanced Shelf Life and Assurance of Freshness
The food industry across the globe has reflected positive market sentiment, especially in emerging markets, and is expected to witness more than 10% annual growth in the next five years. Several allied industries such as retail demand customized offerings of food products, which is expected to positively impact sales of dual ovenable lidding films in the foreseeable future. High transparency, excellent peelability, and high barrier features of dual ovenable lidding films make them popular for use in everyday life.
Key categories of food packed with dual ovenable lidding films are prepared meals, frozen foods, meat products, and dairy products. Adoption of dual ovenable lidding films for packaging of bakery & confectionery products and snacks such as sandwiches & burger is increasing. Dual ovenable films act as perfect lidding solutions for trays carrying food items that need to be kept fresh for an extended period. Increasing demand for clean and convenient methods of cooking food that allow processed food to be moved directly from retail shelves to homes, is expected to stimulate growth of the dual ovenable lidding films market during the forecast period.
Towering Sales of Processed Food Consumption in Developing Economies
Rapid growth in the consumption of processed food in emerging economies is creating new opportunities for dual ovenable lidding film manufacturers to penetrate in these potentially remunerative markets. Multinational corporations are also collaborating with local players to establish a strong presence in emerging economies, which is also projected to further drive growth of the dual ovenable lidding films market in these regions.
- In October 2019, Toray Industries Inc. stated that their Indian subsidiary would begin manufacturing polyamide (PA) and polybutylene terephthalate (PBT) at a new space in India.
Change in food consumption habits owing to an increase in per capita disposable income has also encouraged packaging companies to develop new product lines in the dual ovenable lidding films market in these regions. As around 60-70% of the demand comes from urban areas, there is a lot of space and opportunities in semi-urban and rural regions. Manufacturers and distributors must work on their product segments to come up with economically-viable dual ovenable lidding films.
Dual Ovenable Lidding Films Market Structure Analysis
Amcor PLC, Sealed Air Corporation, Sonoco Products Company, Schur Flexibles Holding Gmbh, DuPont Teijin Films U.S. Ltd. Partnership, and Toray Plastics (America) Inc. are some of the leading manufacturers operating in the dual ovenable lidding films market.
- Need for innovation in flexible packaging is expected to create rewarding opportunities for dual ovenable lidding film manufacturers.
- Demand for biodegradable dual ovenable lidding films from eco-conscious consumers is anticipated to change market dynamics.
The dual ovenable lidding films market is relatively small in size, which remains a crucial factor for its dynamic and competitive nature. In this report, individual strategies followed by these market players in terms of improving their product portfolios, creating new marketing strategies, and acquisitions and mergers in the dual ovenable lidding films market, have been elaborated.
Bio-based Materials Sought-after
In 2018, more than 70% of the dual ovenable lidding films sold were made of polyethylene terephthalate (PET). High chemical resistance, superior tensile strength, and solid moisture barrier properties continue to uphold preference for PET among the market players. Polypropylene (PP) is also emerging as a popular choice of material for manufacturing high-quality dual ovenable lidding films. Adoption of bio-based material alternatives such as recycled PET (rPET) and crystallizable PET (cPET) would be at pace over the following years, driven by the expanding conscientious consumer population. Raw material innovations are underway.
Changing Dietary Patterns Shaping Market in Developed Countries
A majority of consumers in developing economies continue to show proclivity for fresh cooked meals over their ready-to-eat counterparts that widely available on the market. On the flipside, consumers in developed regions, despite the growing consciousness about health quotient of foods, are choosing ready-to-eat meals and frozen food products. Convenience in cooking remains instrumental to shape consumers’ purchasing decisions in North America and Europe, which would further translate into lucrative growth opportunities for stakeholders in the dual ovenable lidding films market.
Companies Augmenting R&D Investments to Target Material Innovation
Leading market players are investing heavily in research & development to bolster innovation in terms of shape, size, material, and technology vis-à-vis dual ovenable lidding films. Market players are also aiming to gain a competitive edge by adopting environment-driven business strategies and employing more sustainable materials in the production of dual ovenable lidding films.
PET remains sought-after
Demand for PP to soar significantly
Peelable seal remains highly preferred
Adoption of permanent seal remains sluggish
Packaged meat products continue to lead
Prepared meals generating high demand
How Growth will Unfold
In 2018, consumption of dual ovenable lidding films for packaged meat products accounted for nearly 45% revenue share in the market. Leading market players continue focus on introducing high-quality materials to suit the regulatory requirements vis-à-vis meat products across various regional markets. Furthermore, market players are also eying potential opportunity in the ready/prepared meals category. Increasing demand for prepared meals and frozen food products will mark top emerging trends in the dual ovenable lidding films market in the near future.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Dual Ovenable Lidding Films Market Analysis 2019-2029
A recent market study published by FMI on the dual ovenable lidding films market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historical as well as current growth parameters, the growth prospect of the dual ovenable lidding films market are obtained with maximum precision.
Dual Ovenable Lidding Films Market Taxonomy
The global dual ovenable lidding films market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.
Material
- PE (Polyethylene)
- PET (Polyethylene Terephthalate)
- Amorphous PET
- Crystalline PET
- Recycled PET
- PP (Polypropylene)
- Others
Seal
- Peelable Seal
- Permanent Seal
Application
- Prepared Meals
- Frozen Foods
- Meat Products
- Dairy Products
- Others
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East and Africa
- Japan
What's Included
The report initiates with an executive summary of the dual ovenable lidding films market, which includes key findings and statistical analysis of the market. This chapter also provides key market dynamics, which include drivers and restraints. It also includes wheel of opportunity and key market players pertaining to the dual ovenable lidding films market.
Readers can find the definition and detailed taxonomy of the dual ovenable lidding films market in this chapter, which will help them understand basic information about the market. Along with this, comprehensive information of dual ovenable lidding films and their properties are provided in this section.
This section explains the global market volume analysis and Y-O-Y growth rate of the dual ovenable lidding films market during the forecast period of 2019-2029.
This section explains the global dual ovenable lidding films market pricing analysis by material. It also includes dual ovenable lidding films market pricing analysis on the basis of separate regions.
This section explains the global market value analysis and Y-O-Y growth rate of the dual ovenable lidding films market during the forecast period of 2019-2029.
This chapter explains global GDP outlook and value chain analysis that are projected to influence the growth of the dual ovenable lidding films market over the forecast period. Moreover, readers will also find macro-economic factors, forecast factors, and market dynamics for the dual ovenable lidding films market in this chapter.
This chapter provides details about the global dual ovenable lidding films market based on material and has been segmented into PE (Polyethylene), PET (Polyethylene Terephthalate), PP (Polypropylene), and others. In this chapter, readers can understand the market share along with value and volume forecast of dual ovenable lidding films market based on material.
Based on seal type, the dual ovenable lidding films market is segmented into peelable seal and permanent seal. In this chapter, readers can find information about market share analysis, value-volume analysis, and forecast during the year 2019-29 for the dual ovenable lidding films market, based on seal type.
Based on application, the dual ovenable lidding films market has been segmented into prepared meals, frozen foods, meat products, dairy products, and others. In this chapter, readers can find information about the market share, value-volume analysis, and forecast during the year 2019-2029, based on application.
This chapter explains how the dual ovenable lidding films market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and the Middle East and Africa.
This chapter includes detailed analysis of the growth of the North America dual ovenable lidding films market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on segmentation and countries in North America.
This chapter provides the growth scenario of the dual ovenable lidding films market in Latin American countries such as Brazil, Mexico, Argentina and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Important growth prospects of the dual ovenable lidding films market in several countries such as Germany, the U.K., France, Spain, Nordic Italy, BENLUX, and the rest of Western Europe are included in this chapter.
Poland, Russia, and countries in rest of Eastern Europe are prime subjects of assessment to obtain the growth prospects of the Eastern Europe dual ovenable lidding films market in this chapter. Readers can find detailed information about the growth parameters of the Eastern Europe dual ovenable lidding films market during the forecast period of 2019-2029.
This chapter highlights the growth of the dual ovenable lidding films market in Asia Pacific Excluding Japan by focusing on China, India, ASEAN, Australia & New Zealand, and the rest of Asia Pacific Excluding Japan.
This chapter provides information about how the dual ovenable lidding films market will grow in major countries in the MEA region such as GCC countries, South Africa, Northern Africa, and the rest of MEA during the forecast period of 2019-2029.
This chapter provides information about the dual ovenable lidding films market growth analysis in Japan during the forecast period of 2019-2029. This chapter highlights value and volume analysis during the historical and forecast period.
In this chapter, readers can find detailed information about the tier analysis and market share along with market concentration of key players in the dual ovenable lidding films market.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the dual ovenable lidding films market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Amcor PLC, Sealed Air Corporation, Sonoco Products Company, Schur Flexibles Holding Gmbh, DuPont Teijin Films U.S. Limited Partnership, Plastopil Hazorea Company Ltd., Toray Plastics (America) Inc., TCL Packaging Ltd., and Clifton Packaging Group Ltd.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the dual ovenable lidding films market report. This section also helps readers understand step by step market sizing approach of the dual ovenable lidding films market.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the dual ovenable lidding films market.
How the research was conducted?
Primary Research
- C-Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- Applications
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- Packaging Europe
- Packaging Strategies
- Packaging News
- Packaging World
- Industry Associations
- Flexible Packaging Association
- Flexible Packaging Europe
- American Plastics Council (APC)
- World Packaging Organization
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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