Global Dual Ovenable Lidding Films Market, By Material (Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene (PE), Polyethylene Terephthalate (PET), Ethylene Vinyl Alcohol (EVOH), and Others), Application (Prepared Meals, Frozen Food, Meat Products, Dairy Products, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
With the increase demand from the food and beverages sector globally, there has been a significant rise in the adoption of dual ovenable lidding films. They exhibit various advantageous properties, which increases its usage across end-users resulting in increased traction for the market.
Global dual ovenable lidding films market was valued at USD 78.17 million in 2021 and is expected to reach USD 120.88 million by 2029, registering a CAGR of 5.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene (PE), Polyethylene Terephthalate (PET), Ethylene Vinyl Alcohol (EVOH), and Others), Application (Prepared Meals, Frozen Food, Meat Products, Dairy Products, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Amcor plc (Switzerland), Mondi (U.K.), Huhtamaki (Finland), Sealed Air (U.S.), Jindal Poly Films Limited (India), Toppan Inc., (Japan), Kureha Corporation (Japan), HPM Global, Inc. (South Korea), Flair Flexible Packaging Corporation (U.S.), Constantia Flexibles (Austria), MULTIVAC (Germany), DuPont (U.S.), Wihuri Group (Finland), BERNHARDT Packaging & Process (France), Borealis AG (Austria), and Uflex Limited (India)
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Market Opportunities
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Market Definition
Dual ovenable lidding films refer to the clear plastic films that are utilized in side dishes or packaging entrees. These allow the film to be kept on the product while the food is cooked. They go in both microwave and conventional ovens. The films are considered ideal for fresh or refrigerated foods as they assist in protecting the food during its shipping, distribution, and shelf life.
Dual Ovenable Lidding Films Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Usage of the Dual Ovenable Lidding Films
The emergence of dual-ovenable lidding films has reduced various complications of packaging processed food, and rise in demand for the packaging solution because the easy peelable lidding that protects cooked food from contamination accelerates the market growth. The high usage in the prepared meals, frozen foods, meat products, and dairy products, and use of the dual-ovenable lidding films for foodservice and household applications owing to their excellent clarity, high barrier capability, and smooth surface, further influence the market.
Additionally, change in lifestyle, rapid urbanization, surge in disposable income, excellent sealability, and printable texture positively affect the dual ovenable lidding films market. Dual ovenable lidding films are frequently suggested for packing meat and other perishables due to their high barriers against air, moisture, and bacteria, which further accelerates the market growth.
Opportunities
- Product Innovations and Other Strategies by Market Players
The various product innovations and the packaging solutions advancements further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, several manufacturers are also offering a variety of printing and embossing alternatives that will further expand the future growth of the dual ovenable lidding films market.
Restraints/Challenges
- Stringent Regulations
The presence of stringent food safety regulations will create hindrances for the growth of the dual ovenable lidding films market.
- Negative Impact of COVID-19
With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of packaging solutions. Also, the fluctuations in the prices of raw materials will prove to be a demerit for the dual ovenable lidding films market. Therefore, these factors will challenge the dual ovenable lidding films market growth rate.
This dual ovenable lidding films market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the dual ovenable lidding films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Dual Ovenable Lidding Films Market
The recent outbreak of coronavirus had a significant influence on the dual ovenable lidding films market. The COVID-19 pandemic has had an impact on the global market for dual lidding films, causing a shortage of raw materials and disrupting supply chains. The food packaging industries in North America, Western Europe, and APEJ have been severely impacted by the crisis. A number of nations are progressively easing the lockdown while taking the necessary safety precautions, which will hasten the recovery process. However, sales are most likely to increase because of the increased demand for hygienic and practical ways to transport packed meals from store shelves to consumers' homes. Spending by consumers on processed foods will increase sales in the near future.
Recent Development
- In 2021, To meet the growing consumer demand for environmentally friendly packaging options, KM Packaging Services Ltd. introduced the KPeel line of innovative lidding films, which offers a high-performance "seal and peel" solution for trays made of pressed board and renewable pulp.
Global Dual Ovenable Lidding Films Market Scope
The dual ovenable lidding films market is segmented on the basis of material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Ethylene Vinyl Alcohol (EVOH)
- Others
Application
- Prepared Meals
- Frozen Food
- Meat Products
- Dairy Products
- Others
Dual Ovenable Lidding Films Market Regional Analysis/Insights
The dual ovenable lidding films market is analyzed and market size insights and trends are provided by country, material and application as referenced above.
The countries covered in the dual ovenable lidding films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the dual ovenable lidding films market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth in this region is attributed to the high demand for consumer goods and packaged food within the region.
Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the growing industrialization and urbanization in developing countries such as China and India in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dual Ovenable Lidding Films Market Share Analysis
The dual ovenable lidding films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dual ovenable lidding films market.
Some of the major players operating in the dual ovenable lidding films market are
- Amcor plc (Switzerland)
- Mondi (U.K.)
- Huhtamaki (Finland)
- Sealed Air (U.S.)
- Jindal Poly Films Limited (India)
- Toppan Inc., (Japan)
- Kureha Corporation (Japan)
- HPM Global, Inc. (South Korea)
- Flair Flexible Packaging Corporation (U.S.)
- Constantia Flexibles (Austria)
- MULTIVAC (Germany)
- DuPont (U.S.), Wihuri Group (Finland)
- BERNHARDT Packaging & Process (France)
- Borealis AG (Austria)
- Uflex Limited (India)
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