Market Size (2018)
2018
$638.70M
Vertical: PCMBase Year: 201811 Sections
Market Size (2018)
2018
$638.70M
Projected (2025)
2025
$995.80M
CAGR (2018–2025)
6.6%
6.6%Key Players
109+
The global PET lidding films market is driven by factors such as the Growth of the Food & Beverage Industry, Increased Demand for Processed and Convenience Food. However, the fluctuating raw material prices and stringent norms regarding plastic packaging act as restraints for the market growth during the forecast period. The global PET lidding films market is expected to grow at 6.69% CAGR during the forecast period.
The global PET lidding films market has been segmented based on product type, application, and end use. On the basis of on material, the global market has been segmented into high barrier lidding films, dual-ovenable lidding films, resealable/reclosable films, specialty lidding films, and breathable lidding films. In 2018, the high barrier lidding films segment accounted for the larger market share of 51.5% with a market value of USD 328.7 million. It is projected to grow at 6.42% CAGR during the forecast period.
On the basis of application, the global market has been segmented into trays, cups, others, and jars & bottles. In 2018, the trays accounted for the largest market share of 32.9 with a market value of USD 209.9 million. It is projected to grow at 5.72% CAGR during the forecast period.
On the basis of end-use, the global market has been segmented into food & beverage, pharmaceutical, and others. In 2018, the food & beverage segment accounted for the largest market share of 72.12 % with a market value of USD 461.5 million. It is projected to grow at 6.45% CAGR during the forecast period.
On the basis of region, in 2018, Europe accounted for the largest market share of 34.83 % with a market value of USD 222.5 million. It is projected to grow at 5.94% CAGR during the forecast period.
The PET LIDDING FILM Market market is projected to grow at a CAGR of 6.6% from 2018 to 2025.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansLidding films include oriented peel & non peel seal ovenable lidding polyester films. They are one cost effective solution designed to eliminate the many components traditionally used in packaging products. Lidding films are used in dual & non ovenable applications for a variety of thermoforming, paper coated trays, peel & non peel seals, crystalline polyethylene terephthalate & amorphous polyethylene terephthalate tray. It incorporates custom package design, logo, nutrition, facts, bar codes, and tamper evident protection.
PET Lidding Films are mainly used in flexible packaging solutions to cover trays, cups, etc. owing to properties such as heat resistance, high tensile strength, and stability. Because of its high barrier resistance, lidding films increases the shelf life of the product. These films are cost-effective as they are process optimized.
Such factors are highly encouraging the growth of the market across the globe
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2018 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Historical data (2018–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThreat of New Entrants
The requirement of a vast customer base, moderate technological complexity, and moderate investments to set up production facilities along with the stringent regulatory compliance, restrict the entry of new players in the global PET lidding films market. Furthermore, the established players, unlike the new players, can afford advanced manufacturing technologies. Additionally, in regions such as North America and Europe, stringent regulations regarding the manufacturing process of particular packaging materials due to their chemical content and environmental impact have been introduced. This leads to an increase in direct and indirect costs associated with regulatory compliance, which reduces the threat of new entrants. Thus, the threat of new entrants in the global PET lidding films market is expected to be moderate during the forecast period.
Bargaining Power of Suppliers
The suppliers in the PET lidding films market are the providers of PET as a material in various forms. The requirement for raw materials is high for the production of PET lidding films. Moreover, the presence of a large number of suppliers decreases the bargaining power of suppliers. Although the differentiation between the raw materials is low, the PET lidding films manufacturing companies do not prefer switching between suppliers due to their long-term associations with the suppliers. Thus, the bargaining power of suppliers in the global PET lidding films market is moderate.
Bargaining Power of Buyers
The primary buyers of PET lidding films are the food manufacturers who purchase PET lidding film products in high quantities, which leads to an increase in their bargaining power. The concentration of buyers in the global market is high. The differentiation between the products of various providers is moderate. The cost of switching between PET lidding film product manufacturers is moderate. Thus, the bargaining power of buyers in the market is expected to be moderate during the forecast period.
Threat of Substitutes
PET lidding films play an important role in food packaging. However, there are several substitutes available for PET-based lidding films such as PE, PP, PVC, metalized sheets, and paperboard. Hence, the threat of substitutes in the global PET lidding films market is expected to be high during the forecast period.
Rivalry
The key players operating in the global PET lidding films market are working on offering their products at competitive prices while ensuring on-time delivery. The market is fragmented with several players. The key players strategize to invest in developing products and acquisitions to gain an edge over their peers. Hence, the intensity of rivalry in the global PET lidding films market is expected to be moderate during the forecast period
Market estimates by geography (2025)
InsightEurope leads with $330.50M by 2025, while Asia Pacific is projected to grow fastest at a 7.9% CAGR.
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View Subscription Plans| REGION | 2018 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $37.20M | $47.80M | $59.10M | 6.8% | 6% |
| North America | $197.20M | $247.80M | $301.00M | 6.2% | 30% |
| Asia Pacific | $123.90M | $165.30M | $210.50M | 7.9% | 21% |
| Europe | $222.50M | $275.40M | $330.50M | 5.8% | 33% |
| South America | $57.90M | $75.60M | $94.70M | 7.3% | 10% |
| Total | $638.70M | $811.90M | $995.80M | 6.6% | 100% |
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View Subscription PlansTotal Market Size
$1.02B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Trays | $307.60M | 6.6% | 87% |
| Cups | $286.60M | 6.6% | 77% |
| Others | $222.30M | 6.6% | 53% |
| Jars & Bottles | $205.10M | 6.6% | 89% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on PET LIDDING FILM Market covering market dynamics, competitive landscape, and strategic outlook.
The PET LIDDING FILM Market market is projected to reach $995.80M by 2025, growing at 6.6% CAGR. The Trays segment holds the largest share.
The global PET lidding films market is particularly driven by growth of the food & beverage industry, Increased demand for processed and convenience food. However, Government Norms Against Plastic Packaging and fluctuating raw material prices may acts as a restraining factor.
The rapidly increasing population, growing urbanization, and changing lifestyles have created a high demand for packaged and ready-to-eat food products. The increase in per capita disposable income has increased discretionary spending in developing countries. Additionally, the growing penetration of e-commerce platforms is expected to fuel the growth of the food & beverage industry. The growing working population rise in demand for dairy products, and the increasing consumption of conveniently packaged food products are factors expected to add to its growth. According to FoodDrinkEurope, the food and drink industry of Europe generated a turnover of USD 1,230.9 billion in 2018, making it the largest manufacturing industry in the EU. Additionally, the food industry in developing countries is growing at a rapid rate.
For instance, in 2018, the fast-moving consumer goods (FMCG) sector in India generated USD 69.38 billion in revenue and is estimated to reach 103.7 billion by 2020. This growth is primarily driven by the liberalized foreign direct investment (FDI) policies, strong macro-economic indicators, and economic and industrial reforms, resulting in the development of the food production and processing industries.
A major portion of the FMCG sector is comprised primarily of food and beverage products, such as packaged foods, including ready-to-eat food and beverages and dairy-based products, among others. The growing consumer preference for ready-to-eat products has created a need for PET lidding films in the food & beverage industry.
The increasing demand for PET lidding films in food containers to protect food against contamination by micro-organisms, air, moisture, and toxins and to prevent spilling or leaking are the factors driving the adoption of lidding films for containers in the food & beverage industry.
The food & beverage industry in developed and developing regions are witnessing a high growth rate. However, the growth of the industry is limited in the underdeveloped regions, which lowers the demand for PET lidding films to an extent. The increasing awareness about processed food and the middle-class population and is expected to boost the demand for PET lidding films in such regions. Thus, the growth of the food & beverage industry is expected to drive the growth of the global PET lidding films market during the forecast period.
The materials predominantly used in food packaging are different types of plastic and its polymers. The prices of these raw materials are dependent on the availability of raw materials, global and domestic demand and supply trends, and government regulations. The prices of plastic are volatile, which would eventually affect the packaging cost. Moreover, due to this fluctuation, the financial performance of the company offering lidding films and packaging products can adversely be affected.
PET plastic is the primary raw material used in lidding films for packaging food and beverages. The unstable prices of PET due to the increased gap between demand and supply have surged its prices, which is expected to continue during the forecast period. The figure below depicts the fluctuation PET prices between 2013 and 2018.
Fluctuations in raw material costs would raise the manufacturing and distribution cost, which consequently increases the cost of the food packaging products. The rising costs of PET are expected to limit the use of PET lidding films for packaging. Thus, the fluctuation in raw material prices is expected to restrain the growth of the global PET lidding films market during the forecast period.
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Profiles of 109 companies operating in the PET LIDDING FILM Market market, including revenue, employee count, and market positioning where available.
Showing 109 of 109 companies
IMPAK FILMS PTY. LTD
Company Headquarters: Australia Founded: 2005 Workforce: N/A Company Working: Impak Films Pty. Ltd (Impak Films) is a leading player in providing packaging solutions. It offers a diverse range of products, including BOPP, CPP, BOPA, PET, specially coated, metalized, and lidding films to end-use industries. The company provides its products through a reliable global network of suppliers. It offers its products for applications in the bakery, confectionery, dairy, pet food, dry food, frozen food, energy bars, coffee, and condiments markets.
CLIFTON PACKAGING GROUP LIMITED
Company Headquarters: UK Founded: 1981 Workforce: ~200 Company Working: Clifton Packaging Group Limited (Clifton Packaging) is a leader in offering packaging products, packing machinery, and contract packing primarily for the food industry. It provides complete packaging solutions for the flexible packaging market. The company’s product portfolio comprises two product lines, namely, flexible films and packaging pouches. Flexible films include antibac AGP, printed films, plain films, barrier films, lidding films, ovenable films, thermoforming films, metalized films, and de-metalized films. Packaging pouches include retort pouches, three side seal pouches, brick packs, fin/lap seal pouches, gas flush pouches, quad seal pouches, shaped pouches, side gusset pouches, spouted pouches, stand-up pouches, ovenable pouches, and zipper pouches. The company’s products have applications in snack food, confectionery, bakery, health food, wet protein, and other FMCG markets.
WIPAK WALSRODE GMBH & CO. KG
Company Headquarters: Germany Founded: 1969 Workforce: ~1,800 Company Working: Wipak is a leading developer and manufacturer of highly innovative premium-quality flexible packaging solutions for food products and medical instruments and devices. The company is a part of the Wihuri Group. Wihuri´s Packaging business includes the production of packaging materials and solutions for the food and pharmaceutical industries in Europe and North America. Its packaging division comprises two international brands, namely, WIPAK (Europe and Asia) and WINPAK (North America). Wipak specializes in manufacturing sophisticated multilayer and high barrier films. It provides food packaging, meat fish and poultry packaging, cheese and dairy packaging, and pet and baby food packaging solutions in the food packaging product category. Its medical packaging solutions include medical, medical device, and hospital sterilization packaging. The company has 11 manufacturing plants and offices in Europe and Asia.
PLASTOPIL
Company Headquarters: Israel Founded: 1960 Workforce: ~300 Company Working: Plastopil is a leading provider of packaging solutions and flexible barrier films. It produces flexible plastic sheets, including multilayer sheets, for packaging applications, mainly in the chilled food industry. The company operates through two segments, namely, packaging for the food industry and packaging for other products. Plastopil offers a diversified product range including lidding films, thermoformable films and pouches, flow packs, and vacuum skin packaging. It has two manufacturing facilities and serves its customers through a dedicated international network of distributors that spans across the globe.
UFLEX LTD
Company Headquarters: India Founded: 1988 Workforce: ~6,248 Company Working: Uflex Ltd (Uflex) is a leading manufacturer of flexible packaging solutions. It produces flexible packaging products, such as biaxially oriented polyethylene terephthalate (BOPET) films, biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films, and metalized films. The company also manufactures flexible laminates, pouches, bags, flexi-tubes and liquid packs, and inks, adhesives, coatings, and polyols, along with facilities for holography. Uflex also develops packaging allied and printing machines, including extrusion coating, aseptic liquid filling machines, and lamination machines. It offers packaging solutions for motor oil and lubricants, automotive and engineering, dairy, pharmaceuticals, textile, fertilizers and plant, confectionery, consumer goods, and food and beverage applications. Uflex has operations in the Americas, Europe, the Middle East & Africa, and Asia.
SEALED AIR CORPORATION
Company Headquarters: US Founded: 1960 Workforce: ~15,000 Company Working: Sealed Air Corporation (Sealed Air) is a diversified packaging solutions provider. It offers films, trays, packaging equipment systems, and easy-open packaging solutions. The company also offers designing and graphic services, fulfillment design and engineering services, shrink machinery upgrades and enhancements, and ship from anywhere services. Its products have applications in the cold chain, construction, consumer packaged goods, e-commerce, electronics, food retail, general manufacturing, medical and pharmaceutical manufacturing, third-party logistics, and transportation. The company has manufacturing facilities, packaging equipment and design centers, laboratories, and customer learning centers. Its products are offered under its Cryovac, Bubble Wrap, Jiffy, Instapak, I-Pack, and e-Cube brands. Sealed Air has operations in several countries across the Americas, Europe, the Middle East & Africa, and Asia-Pacific. Diversey, Inc., Cryovac Inc., Pack Tiger GmbH, Sealed Air Ltd, Shanklin Corp, Sealed Air (China) Ltd, Sealed Air Corp (US), and Sealed Air Taiwan Ltd are some of its subsidiaries.
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PET LIDDING FILM Market