Infinium Global Research’s recent report on the “Anti-fog lidding films Market (By Material Type (polyethylene terephthalate, polyvinyl chloride, polyamide, polyethylene, polypropylene, and other material Types), By sealing type (resalable films, and peelable films), By application (trays, jars, and cups and bowls), By End-use (eat, meat, poultry, and seafood, fresh produce, bakery and confectionery, frozen foods, and dairy products)): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2026” provides a comprehensive outline of the factors responsible for the growth of the market. The global Anti-fog lidding films market was sized near USD 631.8 million in 2019 and projected to grow with a CAGR of 9.77% in terms of value during 2020-2026.
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Anti-fog lidding films are designed to cover food items stored in various containers which extends the shelf life and evades contamination. These films have a vigorous sealing layer that makes them appropriate for food products such as fresh fruit, meats, snacks, and others. On the other hand, anti-fog lidding films also protect food products from potential transportation damages as they have superior heat resistance, good tensile strength, and have temperature and UV stability. Anti-fog lidding films are consumer-friendly and provide spill-proof transit in packaging.
Due to such lockdowns, the food and beverage industry as well as the restaurant industry is expected to incur huge losses in their sales. Anti-fog lidding films are used for packaging fresh meat, fish, poultry, sausages and cured meats, cooked meats, cheese, sauces and soups, ready meals, processed products, and non-food. Although the demand for packaged food during COVID-19 has increased manifold, F&B manufacturing companies aren’t focusing on incorporating anti-fog lidding packaging. This has severely affected the sales of the anti-fog lidding film packaging as the food and beverage sector was the major end-user of the market. Infinium Global Research’s recent report on the “
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Polyethylene Segment is Largest Application Segment in Anti-Fog Lidding Films Market
Based on the material type, the anti-fog lidding films market is segmented as polyethylene terephthalate, polyvinyl chloride, polyamide, polyethylene, polypropylene, and other material types. Polyethylene holds a 69.42% market share in the anti-fog lidding films market as it is eco-friendly and increases customer convenience. Numerous retail stores use polyethylene film packaging materials to conserve food and to preserve the nutritional value of foods. Polyethylene film segment is witness to high demand owing to the elastic nature of polyethylene films that superior toughness films for food packaging and non-food applications to be developed. Advances in food and drink packaging are driving the demand for polyethylene films.
The growth of the polyethylene film segment in the future is projected to fuel demand for more eco-friendly goods. Conversely, certain limitations on the use of plastics that are non-biodegradable and produced in Europe are anticipated to hinder polyethylene film market development. The biggest investment pocket owing to the property of polyethylene film to improving product life and catering to the growing demand for longer service life is anticipated to come with the beverage packaging.
Europe Region is the Dominant Region in Anti-Fog Lidding Films Market
Among the regions, the European region is dominating the global Anti-fog lidding films market due to growth in the data and increased awareness to retain valuable customers. It holds a 33.70% market share in the anti-fog lidding films market in 2019. Among the European countries, Germany to remain dominant over the forecast period due to increasing inclination towards ready to eat food coupled with changing consumer demand patterns regarding food packaging.
With the busy lifestyle of consumers, the popularity of packaged food products in Europe is continuously increasing. This, in, turns, led to the demand for the edible packaging market over the forecast period. Aggregate growth in food expenditures backed by population increase drives the anti-fog lidding films market. According to the United Nations, the population of Europe in 2017 was estimated to be 742 million. In 2018, European countries such as Switzerland and Norway held the second and third highest per capita expenditure of USD 3631 and USD 3524 respectively, on food.
Companies Operating in Anti-Fog Lidding Films are Adapting Acquisition Strategies
Intense competition is observed in the global anti-fog lidding films market. The major market players such as Uflex Ltd., Toray Plastics (America), Inc., Plastopil Hazorea Company Ltd, Effegidi International S.p.A., Sealed Air Corp., Berry Global Inc., Flexopack SA. Winpak Ltd., Coveris Holdings SA, Flair Flexible Packaging Corporation, Cosmo Films Ltd., Bemis Company Inc., ProAmpac LLC, Constantia Flexibles Group GmbH, Mondi Group Plc, Transcendia Inc., American Packaging Corporation, Hypac Packaging Pte Ltd., KP LINPAC Packaging Limited and few others offer a broad range of products to intensify market competition. These players are also focusing on the acquisition of new players for geographic expansion and improving their product portfolio. In July 2017, the Klöckner Pentaplast Group (“KP”), completed the acquisition of LINPAC Senior Holdings Limited.
Through the acquisition of LINPAC, KP expands its capabilities, providing multi-material technology and offering a wide range of flexible films, from complex multilayer barrier films to simple monolayer structures. Local players compete with global market players based on product pricing and by offering new products. One of the most interesting but still largely experimental new approaches in anti-fog lidding films is the development of bio-based versions made from renewable feedstock. Over the coming years, several other major packaging companies are also expected to enter the space as these products gain prominence in the packaging industry.
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