The global PET lidding films market size is predicted to touch USD 995.4 million at a 6.7% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis.
PET lidding films market are films mostly used in a flexible packaging solution for covering cups, trays, bottles, jars, and many other containers due to its alluring properties such as stability, high tensile strength, and heat resistance. Resealable/reclosable films, breathing lidding films, high barrier lidding films, specialty lidding films, and dual-ovenable lidding films are the different PET lidding films that have wide applications in food and beverage, personal care and cosmetics, pharmaceutical, and others.
Various factors are propelling the global PET lidding films market share. As per the current MRFR report, such factors include the burgeoning demand for convenience and processed food, booming food and beverage industry, increasing working population, growing demand for dairy products, & rising consumption of food products that are conveniently packaged. Additional factors adding market growth include rising penetration of franchise food organizations, growing retail industry, and growing demand for processed food and food home delivery during the current COVID-19 pandemic.
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The MRFR report provides an inclusive segmental analysis of the global PET lidding films market report based on end use, application, and product type.
Based on the region, the global PET lidding films market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, Europe will spearhead the market over the forecast period. Increasing growth in the packaging of pharmaceutical, food, and beverage products is adding to the global PET lidding films market growth in the region. Germany, France, and the UK have a maximum share in the market.
The global PET lidding films market in North America is predicted to have the second-largest share over the forecast period. Rising investments in R&D, increasing focus to incorporate innovations in packaging methods, and burgeoning demand for packaged food are adding to the global PET lidding films market growth in the region.
The global PET lidding films market in the APAC region is predicted to have sound growth over the forecast period. The penetration of retail outlets is adding to the global PET lidding films market growth in the region. China and India have the maximum share in the market for its increasing scope for rapid industrialization.
The global PET lidding films market in the ROW is predicted to have steady growth over the forecast period.
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Tables Of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global PET Lidding Films Market, By Reactor Type
5 Global PET Lidding Films Market, By Strategy
6 Global PET Lidding Films Market, By Capacity
7 Regional Market Analysis
8 Competitive Analysis
9 List of Tables
10 List of Figures
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