Polypropylene Trays Lidding Film Market
Polypropylene Trays Lidding Film Market Forecasts to 2030 - Global Analysis By Type (Single Layer Films, Dual Layer Films and Multilayer Films), Application (Food & Beverages, Laboratory and Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $4.28 BN |
|
Projected Year Value (2030) |
US $7.58 BN |
|
CAGR (2023 - 2030) |
8.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Polypropylene Trays Lidding Film Market is accounted for $4.28 billion in 2023 and is expected to reach $7.58 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Polypropylene trays lidding film is a specialized packaging material used in the food industry to cover and seal polypropylene trays containing various food products. It is designed to provide protection, preservation, and convenience for both manufacturers and consumers. It provides an effective and airtight seal, preventing moisture loss, contamination, and maintaining the freshness and quality of the food products. Polypropylene trays lidding film can be engineered to provide specific barrier properties, such as moisture resistance, oxygen barrier, and UV protection, depending on the requirements of the packaged food.
Market Dynamics:
Driver:
Growing popularity for packaged food and beverages
Fresh food and drinks packaged in various-sized trays and cups under low-oxygen MAP are becoming increasingly popular. Due to their busy lifestyles, customers constantly seek handy goods like ready-to-eat foods and microwave cooking. Lidding film on polypropylene trays create an airtight seal, which helps in preserving the freshness, flavor, and quality of the food. Lidding films act as a protective barrier against external contaminants, such as dust, dirt, bacteria, and insects, ensuring that the food remains safe for consumption. Therefore, the growing popularity for maintaining high levels of hygiene in every aspect is propelling the market growth.
Restraint:
Mechanical recycling
Mechanical recycling of multi-layered barrier film involves processes like shredding, washing, melting, and re-extruding the material. The mechanical recycling process may result in a loss of these barrier properties, making the material less suitable for applications requiring high levels of protection. This can result in down cycling, where the recycled material is used for lower-value applications. Since many multi-layered barrier film designs contain more than one type of plastic, mechanical recycling is a hindrance to the market's expansion.
Opportunity:
Raising usage in pharmaceutical sector
Polypropylene lidding film plays a crucial role in the pharmaceutical sector by providing secure and protective packaging for a variety of products. It is used to seal trays containing various medical devices, including syringes, surgical instruments, diagnostic kits, and other sterile medical products. The film provides a barrier against moisture, contaminants, and microbial ingress. This helps maintain the stability and efficacy of pharmaceutical products. Further, its tamper-evident features, sterile packaging, barrier properties and automated packaging processes are fuelling the market demand.
Threat:
Lack of raw materials
A shortage of raw materials for polypropylene (PP) lidding films can have several significant consequences for various industries and applications that rely on this packaging material. Supply chain disruptions, increased costs, production price inflation and regulatory compliances are main reasons for lack of raw materials. Overall, a shortage of raw materials for polypropylene lidding films can have far-reaching effects across multiple industries, potentially affecting production, pricing, supply chains, and environmental considerations.
Covid-19 Impact
The lockdown situation has brought about the shutdown of various manufacturing units of high lidding film which brought about a decline in the sales and also disrupted the supply chain of the market. Food and beverage industry has been severely affected due to the nationwide lockdowns. It has hampered the demand for packed food in various countries. Being the major application area for lidding films, it restricts the growth prospects for the market. Economics of the lidding film market is expected to return on track, owing to its growing concern and application in the safety and hygiene in the pharmaceutical and food packaging industries.
The multilayer films segment is expected to be the largest during the forecast period
The multilayer films segment is estimated to have a lucrative growth, due to its numerous applications in various industries. Multilayer structures can incorporate different materials with complementary barrier properties, providing improved resistance to moisture, oxygen, light, and other environmental factors. This helps extend the shelf life of packaged products. Multilayer PP films can be engineered with tamper-evident properties, providing an extra level of security and assuring consumers of product integrity. Depending on the specific composition and design, some multilayer PP films can be designed to be recyclable, contributing to sustainability efforts in the packaging industry. Its wide range of benefits is boosting the segment’s demand.
The laboratory segment is expected to have the highest CAGR during the forecast period
The laboratory segment is anticipated to witness the fastest CAGR growth during the forecast period. Polypropylene tray lidding films has several applications in laboratory settings, offering a range of benefits for researchers, scientists, and lab technicians. These films offer excellent sealing properties, creating an airtight and secure seal over various types of containers, including microplates, petri dishes, and sample tubes. This helps prevent evaporation, contamination, and spillage. It provides convenient access to samples without the need for removing the entire film. Its benefits such as customization, easy identification, compatibility and preservation of temperature-sensitive samples are driving the segment growth.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's fast urbanization, industrialization, rise in disposable income, rise in population's cleanliness concerns, and increased emphasis on consumer convenience. The availability of raw materials in the nations is the primary driving factor. The high relevance of diseases and high consumption of meat, poultry, and fish in the area fuels the expansion of the regional market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, due to rising packaging consumption and the region's booming food and beverage sector. Countries like the US are the primary cause of North America's expansion in the market for lidding films. The US controls the highest market share for Polypropylene Trays lidding films. Rising demand for packaged meat and growing dominance of large retail chains are accelerating the market growth in the region.
Key players in the market
Some of the key players profiled in the Polypropylene Trays Lidding Film Market include Ampac Packaging LLC, Impak Films, Sealed Air Corporation, Amcor Limited, Berry Plastics Corporation, Toray Plastics, The Mondi Group, Wipak Walsrode GmbH, Clifton Packaging Group, Constantia Flexibles Group GmbH, Uflex Ltd, Plastopil Hazorea Company, Bostik, Parkside and Linpac Packaging Limited.
Key Developments:
In June 2023, British flexible packaging company Parkside has announced the launch of its new range of sustainable lidding films to address the packaging sustainability challenges facing the country. The lidding film range comprises certified renewable and compostable films, paper-based solutions, as well as recyclable monomers.
In January 2023, Mondi, a global leader in packaging and paper, has partnered with Noel Alimentaria, supporting them and their choice of a paper-based solution for food products that greatly reduces the use of plastic. Being formable, the trays can be moulded and adapted to a range of different-sized food products, with high symmetrical stretch for uniform formability, ideal for shallow food trays.
Types Covered:
• Single Layer Films
• Dual Layer Films
• Multilayer Films
Applications Covered:
• Food & Beverages
• Laboratory
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Polypropylene Trays Lidding Film Market, By Type
5.1 Introduction
5.2 Single Layer Films
5.3 Dual Layer Films
5.4 Multilayer Films
6 Global Polypropylene Trays Lidding Film Market, By Application
6.1 Introduction
6.2 Food & Beverages
6.3 Laboratory
6.4 Other Applications
7 Global Polypropylene Trays Lidding Film Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Ampac Packaging LLC
9.2 Impak Films
9.3 Sealed Air Corporation
9.4 Amcor Limited
9.5 Berry Plastics Corporation
9.6 Toray Plastics
9.7 The Mondi Group
9.8 Wipak Walsrode GmbH
9.9 Clifton Packaging Group
9.10 Constantia Flexibles Group GmbH
9.11 Uflex Ltd
9.12 Plastopil Hazorea Company
9.13 Bostik
9.14 Parkside
9.15 Linpac Packaging Limited
List of Tables
1 Global Polypropylene Trays Lidding Film Market Outlook, By Region (2021-2030) ($MN)
2 Global Polypropylene Trays Lidding Film Market Outlook, By Type (2021-2030) ($MN)
3 Global Polypropylene Trays Lidding Film Market Outlook, By Single Layer Films (2021-2030) ($MN)
4 Global Polypropylene Trays Lidding Film Market Outlook, By Dual Layer Films (2021-2030) ($MN)
5 Global Polypropylene Trays Lidding Film Market Outlook, By Multilayer Films (2021-2030) ($MN)
6 Global Polypropylene Trays Lidding Film Market Outlook, By Application (2021-2030) ($MN)
7 Global Polypropylene Trays Lidding Film Market Outlook, By Food & Beverages (2021-2030) ($MN)
8 Global Polypropylene Trays Lidding Film Market Outlook, By Laboratory (2021-2030) ($MN)
9 Global Polypropylene Trays Lidding Film Market Outlook, By Other Applications (2021-2030) ($MN)
10 North America Polypropylene Trays Lidding Film Market Outlook, By Country (2021-2030) ($MN)
11 North America Polypropylene Trays Lidding Film Market Outlook, By Type (2021-2030) ($MN)
12 North America Polypropylene Trays Lidding Film Market Outlook, By Single Layer Films (2021-2030) ($MN)
13 North America Polypropylene Trays Lidding Film Market Outlook, By Dual Layer Films (2021-2030) ($MN)
14 North America Polypropylene Trays Lidding Film Market Outlook, By Multilayer Films (2021-2030) ($MN)
15 North America Polypropylene Trays Lidding Film Market Outlook, By Application (2021-2030) ($MN)
16 North America Polypropylene Trays Lidding Film Market Outlook, By Food & Beverages (2021-2030) ($MN)
17 North America Polypropylene Trays Lidding Film Market Outlook, By Laboratory (2021-2030) ($MN)
18 North America Polypropylene Trays Lidding Film Market Outlook, By Other Applications (2021-2030) ($MN)
19 Europe Polypropylene Trays Lidding Film Market Outlook, By Country (2021-2030) ($MN)
20 Europe Polypropylene Trays Lidding Film Market Outlook, By Type (2021-2030) ($MN)
21 Europe Polypropylene Trays Lidding Film Market Outlook, By Single Layer Films (2021-2030) ($MN)
22 Europe Polypropylene Trays Lidding Film Market Outlook, By Dual Layer Films (2021-2030) ($MN)
23 Europe Polypropylene Trays Lidding Film Market Outlook, By Multilayer Films (2021-2030) ($MN)
24 Europe Polypropylene Trays Lidding Film Market Outlook, By Application (2021-2030) ($MN)
25 Europe Polypropylene Trays Lidding Film Market Outlook, By Food & Beverages (2021-2030) ($MN)
26 Europe Polypropylene Trays Lidding Film Market Outlook, By Laboratory (2021-2030) ($MN)
27 Europe Polypropylene Trays Lidding Film Market Outlook, By Other Applications (2021-2030) ($MN)
28 Asia Pacific Polypropylene Trays Lidding Film Market Outlook, By Country (2021-2030) ($MN)
29 Asia Pacific Polypropylene Trays Lidding Film Market Outlook, By Type (2021-2030) ($MN)
30 Asia Pacific Polypropylene Trays Lidding Film Market Outlook, By Single Layer Films (2021-2030) ($MN)
31 Asia Pacific Polypropylene Trays Lidding Film Market Outlook, By Dual Layer Films (2021-2030) ($MN)
32 Asia Pacific Polypropylene Trays Lidding Film Market Outlook, By Multilayer Films (2021-2030) ($MN)
33 Asia Pacific Polypropylene Trays Lidding Film Market Outlook, By Application (2021-2030) ($MN)
34 Asia Pacific Polypropylene Trays Lidding Film Market Outlook, By Food & Beverages (2021-2030) ($MN)
35 Asia Pacific Polypropylene Trays Lidding Film Market Outlook, By Laboratory (2021-2030) ($MN)
36 Asia Pacific Polypropylene Trays Lidding Film Market Outlook, By Other Applications (2021-2030) ($MN)
37 South America Polypropylene Trays Lidding Film Market Outlook, By Country (2021-2030) ($MN)
38 South America Polypropylene Trays Lidding Film Market Outlook, By Type (2021-2030) ($MN)
39 South America Polypropylene Trays Lidding Film Market Outlook, By Single Layer Films (2021-2030) ($MN)
40 South America Polypropylene Trays Lidding Film Market Outlook, By Dual Layer Films (2021-2030) ($MN)
41 South America Polypropylene Trays Lidding Film Market Outlook, By Multilayer Films (2021-2030) ($MN)
42 South America Polypropylene Trays Lidding Film Market Outlook, By Application (2021-2030) ($MN)
43 South America Polypropylene Trays Lidding Film Market Outlook, By Food & Beverages (2021-2030) ($MN)
44 South America Polypropylene Trays Lidding Film Market Outlook, By Laboratory (2021-2030) ($MN)
45 South America Polypropylene Trays Lidding Film Market Outlook, By Other Applications (2021-2030) ($MN)
46 Middle East & Africa Polypropylene Trays Lidding Film Market Outlook, By Country (2021-2030) ($MN)
47 Middle East & Africa Polypropylene Trays Lidding Film Market Outlook, By Type (2021-2030) ($MN)
48 Middle East & Africa Polypropylene Trays Lidding Film Market Outlook, By Single Layer Films (2021-2030) ($MN)
49 Middle East & Africa Polypropylene Trays Lidding Film Market Outlook, By Dual Layer Films (2021-2030) ($MN)
50 Middle East & Africa Polypropylene Trays Lidding Film Market Outlook, By Multilayer Films (2021-2030) ($MN)
51 Middle East & Africa Polypropylene Trays Lidding Film Market Outlook, By Application (2021-2030) ($MN)
52 Middle East & Africa Polypropylene Trays Lidding Film Market Outlook, By Food & Beverages (2021-2030) ($MN)
53 Middle East & Africa Polypropylene Trays Lidding Film Market Outlook, By Laboratory (2021-2030) ($MN)
54 Middle East & Africa Polypropylene Trays Lidding Film Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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