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Resealable Lidding Films Market

Published Date : Jul 2024 | Forecast Year : 2019

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Resealable Lidding Films Market Size, Share, Industry Trends Segmentation Analysis By Type (Peelable Films, High Barrier Films, Breathable Films, Dual-ovenable Films, Others) By Application (Trays, Cups, Containers, Others) Growth, Demand, Regional Outlook, and Forecast 2023-2032

Report ID: AG969

Published : Jul 2024

Pages : 158

Category : Chemical & Material

Format : Resealable Lidding Films Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 5.47 Billion
MARKET SIZE (2023)USD 3.2 Billion
CAGR (2023-2029)7.2%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEPeelable Films
High Barrier Films
Breathable Films
Dual-ovenable Films
Others
BY APPLICATIONTrays
Cups
Containers
Others
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSAmcor plc, Berry Global Inc., Constantia Flexibles Group GmbH, Sealed Air Corporation, Coveris Holdings S.A., Bemis Company, Inc., Mondi plc, Winpak Ltd., Clondalkin Group Holdings B.V., Toray Plastics (America), Inc., Schur Flexibles Group, Uflex Limited, Flexopack SA, TCL Packaging Ltd., Mulox Ltd., KM Packaging Services Ltd., Rockwell Solutions Ltd., LINPAC Packaging, Wipak Group, Plastopil Hazorea Company Ltd..

Resealable Films with lids have become an important packaging solution in the food and beverage industry, offering convenience, freshness and consumer appeal. These films are designed to securely cover trays, cups and containers, enabling easy opening and closing, extending product shelf life and maintaining hygiene. The resealable lid market is driven by increasing demand for on-the-go consumption, convenience-focused packaging and sustainability initiatives aimed at reducing food waste. Innovations in material and sealing technologies further improve their functionality and make them versatile for different product types. As consumer preferences in terms of convenience and durability evolve, the resealable wrap film market has the potential to grow significantly in the global market.

Resealable Lidding Films Market valued at $3.2 Billion in 2023 and projected to reach $5.47 Billion by 2032, growing at an 7.2 % CAGR

Resealable Lidding Films Market

Size, by Product, - (USD Billion)

Peelable Films

High Barrier Films

Breathable Films

Dual-ovenable Films

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

7.2%

The Forecast Market

Size for in USD:

$5.47 BillionB

b0d51e3055fd6f23ff6a384a6e091406.svg

Market Overview:

The Global Market for Resealable Cling Films is experiencing strong growth as consumers increasingly prefer the convenience and durability of packaging solutions. Urbanization, rise in disposable incomes and changing lifestyles of consumers towards ready-to-eat and on-the-go meals are the main drivers of growth. The food and beverage industry, particularly in sectors such as dairy, fresh produce and snacks, is increasing the demand for these films due to their ability to maintain product freshness and hygiene while ensuring easy availability and resealability.

Geographically, the market is currently dominated by North America and Europe due to strict packaging regulations and high consumer awareness of food safety and ease of use. However, the Asia-Pacific region is witnessing rapid market expansion fueled by urbanization, changing eating habits and growing retail. Material innovations such as recyclable and biodegradable options are also shaping market dynamics as sustainability becomes a critical factor in consumer purchasing decisions worldwide.

Key players:

Amcor plc

Berry Global Inc.

Constantia Flexibles Group GmbH

Sealed Air Corporation

Coveris Holdings S.A.

Bemis Company, Inc.

Mondi plc

Winpak Ltd.

Clondalkin Group Holdings B.V.

Toray Plastics (America), Inc.

Schur Flexibles Group

Uflex Limited

Flexopack SA

TCL Packaging Ltd.

Mulox Ltd.

KM Packaging Services Ltd.

Rockwell Solutions Ltd.

LINPAC Packaging

Wipak Group

Plastopil Hazorea Company Ltd.

Market Segmentation:

By Type:

Peelable Films

High Barrier Films

Breathable Films

Dual-ovenable Films

Others

By Application:

Trays

Cups

Containers

Others

By End User:

Food Industry

Dairy Products

Fresh Produce

Ready Meals

Snacks and Confectionery

Others

Beverage Industry

Pharmaceutical Industry

Personal Care and Cosmetics

By Region:

North America

Europe

Asia Pacific

Latin America

Resealable Lidding Films Market

Share, by end user, (USD Billion)

Analytica Global 3.2 Billion%

Trays

Cups

Containers

Others

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

5.47 Billion

Total Market Size

USD (Billion),

7.2%

CAGR

-

Market Dynamics:

Trends:

  • Moving towards sustainable packaging: increased use of recyclable and biodegradable materials in line with environmental regulations and consumer preferences.
  • Innovations in material technology: development of improved films that offer better protective properties, longer shelf life and better consumer comfort.
  • The rise of convenient packaging: Growing on-the-go demand is fueling innovation in easy-to-open and resealable packaging solutions.

Limitations:

  • Cost Constraints: Higher initial costs of advanced materials and technologies can limit adoption, especially in price-sensitive markets.
  • Regulatory Challenges: Compliance with strict packaging regulations and standards in different regions adds complexity and costs.
  • Competitive Pressure: Fierce competition between major players leads to price wars and pressure on margins.

Opportunities:

  • Emerging Markets: Due to increasing urbanization and changing lifestyles of consumers, there is untapped potential in developing regions such as Asia Pacific and Latin America.
  • Technological advances: opportunities for innovation in barrier properties, durability and comfort to meet changing consumer needs.
  • Expansion into end-use applications: Growing applications outside the food and beverage industry, such as pharmaceuticals and personal care products, offer new growth opportunities.

Challenges:

  • Supply chain failure: vulnerability to raw materials and logistics issues affecting production and distribution.
  • Consumer education: educate consumers about the benefits of sustainable packaging materials and proper disposal methods.
  • Quality Control Issues: Ensuring consistent product quality and performance across all applications and geographies.

E-commerce and direct-to-consumer Trends:

The growth of e-commerce and direct-to-consumer (DTC) channels has changed packaging requirements, including resealable sheets. These channels require packaging solutions that ensure product integrity during transport, provide consumer convenience and increase brand visibility. Resealable films play an important role in meeting these requirements with secure packaging that protects against tampering and maintains product freshness from warehouse to consumer.

Food Safety and Quality Assurance:

Food safety and maintaining product quality are paramount in the resealable premium market. Films must effectively preserve food freshness, prevent contamination and meet strict regulatory standards in various markets. Manufacturers invest in quality assurance processes, including rigorous testing of seal properties, seal integrity and compatibility with various foods, to meet these important requirements and increase consumer confidence.

Packaging Management and Circular Economy Initiatives:

Increasing focus on sustainability and circular economy principles is driving innovation in resealable wrap films. Manufacturers are adopting recyclable, reusable and compostable materials to minimize environmental impact and support waste reduction goals. In addition, initiatives promoting closed-loop systems and extended producer responsibility (EPR) encourage collaboration in the packaging value chain to improve recycling rates and reduce the accumulation of plastic waste in the environment.

Consumer Shift Towards Convenience Packaging:

Preference for convenience and consumerism is driving demand for resealable covers. Consumers are looking for packaging solutions that offer easy opening, reseal ability and portion control that increase convenience and reduce food waste. This trend is particularly strong in urban areas, where hectic lifestyles influence purchasing decisions. Manufacturers have responded by creating innovative, easy-to-remove and resealable films that meet consumer demands for a hassle-free packaging solution.

Landscape and Sustainability Initiatives:

Strict regulations on packaging materials and sustainability standards define the resealable film market. Regulatory agencies around the world are increasingly focused on reducing environmental impact through mandates for recyclable, compostable or biodegradable packaging materials. Therefore, manufacturers invest in R&D to develop films that meet these regulations and maintain product performance. Sustainable initiatives such as carbon footprint reduction and waste minimization programs further drive the adoption of environmentally friendly packaging solutions among both brands and consumers.

Market Consolidation and Strategic Partnerships:

The resealable film market is consolidating as major players seek to expand their product portfolio and geographic presence through mergers, acquisitions and strategic partnerships. Such cooperation gives companies the opportunity to use their technological capabilities, expand their market scope and take advantage of new opportunities in various end-use sectors. Strategic alliances also foster knowledge exchange and innovation, which increases competitive advantage in the dynamic packaging industry.

Resealable Lidding Films Market

Size, by Product, - (USD Billion)

NORTH AMERICA $ 24

The Market will Grow

At the CAGR of:

7.2%

The Forecast Market

Size for in USD:

$5.47 BillionB

b0d51e3055fd6f23ff6a384a6e091406.svg

Value Chain Analysis:

Overview: The resealable film value chain includes raw material suppliers, film manufacturers, packaging converters, distributors and end users (food manufacturers, beverage companies, pharmaceuticals).

Key functions: This includes supply of raw materials (films, adhesives), production processes (extrusion, printing, lamination), packaging and distribution, and end-user consumption.

Added value: focuses on product quality improvement, material innovation and regulatory compliance for safe and sustainable packaging solutions.

Supply Chain Analysis:

Overview: The resealable film supply chain includes raw material (plastic, adhesives), production facilities, logistics (transportation and storage) and distribution channels (retailers, wholesalers).

Key Considerations: Includes inventory management, optimizing delivery routes, ensuring on-time delivery and maintaining quality standards throughout the supply chain.

Challenges: Vulnerability to raw material price fluctuations, regulatory compliance and ensuring consistent product quality and availability.

Porter's Five Forces Analysis:

1. Threat of New Entrants: High barriers to entry due to capital investment in technology and regulatory compliance.

2. Bargaining power of suppliers: Raw material suppliers have moderate power to influence prices and quality.

3. Bargaining Power of Buyers: Buyers (food manufacturers, retailers) have considerable power due to high competition between suppliers.

4. Threat of substitute products: moderate, alternatives such as rigid packaging and non-packaged alternatives.

5. Industry Competition: Intense competition between major players that encourages innovation and price competition.

Resealable Lidding Films Market TO (USD BN)

Resealable Lidding Films Market

CAGR OF

7.2%

Resealable Lidding Films Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 5.47 Billion%

Recent Developments:

  • August 9, 2015: Amcor plc: A phased consolidation is planned over the next 12 months to ensure there will be no service disruptions to customers. Des Plaines employees and equipment will be relocated to nearby Itasca during the consolidation. With respect to their current positions, Itasca employees will not be negatively impacted as a result of the consolidation.
  • July 11, 2022: Berry's refillable and airtight wet wipes container with a resealable cap in the lid is providing high levels of convenience and hygiene for French chemical and analytical consultancy Hitam, as well as offering valuable sustainability benefits through its re-usability and mono-material construction.

Frequently Asked Questions (FAQ’s):

FAQ: What is the expected Compound Annual Growth Rate (CAGR) of the resealable lidding films market?

Answer: Resealable Lidding Films Market valued at $3.2 Billion in 2023 and projected to reach $5.47 Billion by 2032, growing at an 7.2 % CAGR

FAQ: What are the current trends shaping the resealable lidding films market?

Answer: Key trends include the adoption of recyclable and biodegradable materials, advancements in barrier technologies, rising popularity of easy-open and resealable packaging formats, and the impact of e-commerce on packaging requirements.

FAQ: How are regulatory standards influencing the resealable lidding films market?

Answer: Stringent regulations promoting sustainable packaging solutions are driving innovation in resealable lidding films. Manufacturers are focusing on compliance with recycling mandates, reducing environmental footprint, and enhancing product safety and quality assurance.

FAQ: What are the factors contributing to the competitive landscape of the resealable lidding films market?

Answer: Factors include technological advancements, strategic partnerships, market consolidation through mergers and acquisitions, and differentiation through product performance, quality assurance, and responsiveness to evolving consumer preferences and market dynamics.

Resealable Lidding Films Market - Global Outlook & Forecast 2024-2029

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