Global peelable lid stock market: Overview
The peelable lid stock market is likely to record a CAGR of 5% through 2032. The market is likely to be estimated at US$ 4.89 Bn by 2032, up from its current valuation of US$ 3.0 Bn in 2022.
Manufacturers are making peelable lid stock with rising demand for food consumption in daily life. It is one of the centres of objects consumers use with a growing demand for case-ready meals. The manufacturers have been making reliable, high barrier and anti-microbial activity peelable lid stock in recent years. These manufacturers are making their brand image by developing high-quality peelable lid stock by adopting high-quality material.
However, key players are boosting their products due to the growing preference for peelable lid stock by several end-use industries such as food & beverages, healthcare, pharmaceuticals, chemical, etc. However, these end-use industries are rising the market growth by key manufacturers in recent years. The key players use several advanced technologies and innovative products that capture consumers' requirements during the forecast period.
The food industry is one of the fastest-growing industries, which is likely to increase the adoption of peelable lid stock by key vendor manufacturers. These peelable lid stocks are further used for packaging juice, meat, sauces, dairy products, and ready-to-eat meals.
Moreover, these essential key players use materials such as paper, aluminium foil, plastic, PET, PP, PE and others to provide a good look and design. With rising technology, creative design, and high-quality material, consumers are attracted to the product and are likely to raise the market share during the forecast period. Several key companies are manufacturing and providing a wide range of peelable lid stock with high barrier coatings.
On the other hand, several healthcare manufacturers are raising their production in the peelable lid stock to acquire more revenue in the market. The pharmaceuticals and key medical players are developing peelable lid stock for use with the best materials and autoclave sterilization methods in recent years. Although, it is also widely adopted by the chemical industry to store a wide range of chemicals to protect it from the environment.
Peelable Lid Stock Market CAGR
Peelable Lid Stock Market (2022)
US$ 3.0 Bn
Peelable Lid Stock Market (2032)
US$ 4.89 Bn
Manufactures Cash in On Consumers' Quest for Convenience to Drive more Sales
Lid stock is required to seal the product and prevent contact with the atmospheric gases, to prevent oxidation and enhance shelf-life of the product. Peelable lid stock is manufactured keeping consumer convenience at the centre of objectives.
The global peelable lid stock market is expected to witness healthy growth, during the forecast period. Fast-paced lifestyle of people in several countries has increased demand for case-ready meals due to the adoption of on-the-go food consumption habits.
In addition, features such as high barrier properties, anti-microbial activity, and reliability, peelable lid stock also enables excellent product presentation, coupled with high printability. This enables peelable lid stock to be used as a medium for brand image enhancement by manufacturers or brand owners. Demand for efficient packaging solutions such as peelable lid stock is therefore expected to rise.
As emerging economies, such as India and China continue to witness steady growth in demand for convenience and high quality packaging, the global peelable lid stock market is anticipated to have a largely positive outlook, during the forecast period.
Global peelable lid stock market: Dynamics
The global peelable lid stock market is expected to grow on the backdrop of global packaging barrier films market, which is expected to register moderate growth during the forecast period. The high preference for peelable lid stock among manufacturers is attributed to their ability to enhance merchandising appeal.
Peelable lid stock has witnessed increased applications in various active packaging techniques, which offers lucrative opportunities for growth of the global peelable lid stock market.
Rapid urbanization in countries such as India has led to a change in lifestyle of a significant amount of its population. Increase in single person households and penetration of modern retail formats has provided consumers access to various online shopping platforms. These changes, combined with adoption of on-the-go food consumption habits has enabled various food brands to sell their products in collaboration with local players.
Globally, the consumption of case-ready meals has been rising steadily in the last decade, thus increasing demand for peelable lid stock. Manufacturers are eyeing consumer convenience as they manufacture their own peelable lid stock. There are peelable lid stock which make two-sided printing possible, which enables manufacturers to print one side to increase the aesthetic appeal of the product, while the inside can be used to provide necessary information such as, safety cautions.
In addition, various lid stock can be die-cut to custom shapes, and also make zone coating and perforation possible. Thus, the global peelable lid stock market is expected to witness steady growth during the forecast period.
Global peelable lid stock market: Regional Outlook
The global peelable lid stock market has been divided into seven regions as follows-
- North America
- Asia Pacific excluding Japan (APeJ)
- Western Europe
- Eastern Europe
- Latin America
- Middle East & Africa
The North America region is expected to lead the global peelable lid stock market, over the forecast period. This is attributed to the large retail industry size of the region. The APeJ region is expected to register the highest CAGR over the forecast period, exceeding the market volume and value of the North America peelable lid stock market.
The Western Europe peelable lid stock market is anticipated to register moderate growth during the forecast period. The Latin America peelable lid stock market is expected to follow a similar growth trend over the forecast period as the APeJ region.
Global peelable lid stock market: Key Players
Few of the key players operating in the global peelable lid stock market are - Ampac Packaging LLC., Sealed Air Corporation, Constantia Flexibles Group GmbH, Ei du Pont de Nemours, Nelipak Healthcare Packaging, Bemis Company, Inc., Emerald Packaging, and Amcor Limited, among others.
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 covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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.
Global peelable lid stock market: Segmentation
On the basis of material, the global peelable lid stock market is segmented into –
- Aluminium Foil
On the basis of product type, the global peelable lid stock market is segmented into –
On the basis of application, the global peelable lid stock market is segmented into –
- Dairy Products
- Meat products
- Ready to eat meals
- Sauces, dips, and dressings
On the basis of end use industry, the global peelable lid stock market is segmented into –
- Others (Chemical industry)