Packaging is becoming a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards safe and secure packaging. The demand for intelligent packaging solutions like lidding foil is rapidly increasing in order to protect and transport products.
Advancements in the technical field such as the development of modified atmosphere technology (MAP) aids in locking the freshness of food, expected to support the industry growth.
Future Market Insights recent study suggests that the growth of the global lidding foil market is driven by the busy lifestyle of the working population in the U.S. is increasing consumer reliance on packaged food and beverages.
Furthermore, increasing consumer awareness regarding the impact of plastic on the environment is boosting the demand for alternative packaging solutions, impacting the aluminum packaging industry positively.
FMI further indicated that features such as child resistant and tamper evidence on lidding foil are expected to bring in new market opportunities of growth for the global lidding foil market. Child resistant lidding foil offers an upgraded peel and push functionality of the consumers and also acts as a highly efficient packaging process for the customers.
Research shows great potential of lidding foil that provides all the features for packaging for various commodities. In addition to this, it also highlights the features such as-
To reach potential outcomes, organizations are investing in intelligent and innovative packaging solutions. For instance, in 2019, to meet the complex needs of the ambient food market. KM Packaging announced the launch of two new KPeel Ambtort lidding films.
Part of the KPeel range, the two films are designed to withstand the high temperatures of up to 123 degrees Celsius (253 Fahrenheit) used in retort sterilization, helping to significantly extend the shelf-life of ambient products ranging from ready meals to fruit pots.
KPeel Ambtort PPs 85 is a leading-edge transparent triplex laminate film with high barrier properties. Sealing to PP and PP lacquered foil trays, it delivers a strong, smooth hot and cold peel. KPeel Ambtort AL 91 features an aluminium foil layer, providing the best possible barrier in terms of water vapour and oxygen transmission rates.
Both films can be used for ambient, chilled or frozen tray lidding applications and are suitable for printing, delivering enhanced branding opportunities and product presentation.
Growing need for packaging material that leads to high productivity and less stress on machines had led to an ever increasing demand for lidding foil market. Lidding foils are used to give a consummate conclusion to the container as well as assurance from external impacts. Lidding foils are also preferred due to their smooth and robust peel which is well suited for clean room environments.
Lidding foils provide barrier protection which is approximately five times better than other lidding material. Not only this, they also offer many advantages to the packaging machinery operators as they run more efficiently on the packaging lines providing fewer hang ups and rejects as compared to their counterparts.
The global lidding foil market is expected to be driven by high demand from the end user industries such as pharmaceuticals and food & beverages for a lidding material that acts as a perfect barrier material over other alternatives. Another factor propelling the growth of the market is the high compatibility of lidding foil with almost every type of substrate.
Factor hampering the growth of the global lidding foil market is the comparatively low tear strength of the foil which comprises the seal integrity thereby contributing to low shelf life of the package.
Features such as child resistance and tamper evidence on lidding foil are expected to bring in new market opportunities of growth for the global lidding foil market. Child resistant lidding foil offers an upgraded peel and push functionality of the consumers and also acts as a highly efficient packaging process for the customers.
Production of material that requires less energy for forming, and further reduces the carbon footprint is a key trend prevailing in the global lidding foil market.
On the basis of geography, the global lidding foil market is segmented into Latin America, North America, Asia Pacific, Middle East & Africa, and Europe. North America and Europe are together expected to lead the global lidding foil market mainly attributed to well-established end user industries such as food & beverages and pharmaceutical.
Blisters account for almost 80% of the pharmaceutical market in Europe. Asia Pacific is expected to expand with the highest CAGR due to rapid development in key economies such as India and China. China has the second largest pharmaceutical market in the world, where the lidding foil market is expected to gain immense prominence. Middle East & Africa is expected to expand at a sluggish growth rate during the forecast period.
Some of the key players operating in the global lidding foil market are Winpak Ltd., All Foils, Inc., Symetal, Bemis Company, Inc., Constantia Flexibles GmbH, Stewart Foil, and Glenroy, Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global lidding foil market is segmented on the basis of product type, lamination type, end use, application, and geography.
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Lidding Foil Market
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