Global Anti-Fog Lidding Films Market

Anti-Fog Lidding Films Market Size, Share, Growth Analysis, By Material Type(Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride), By Sealing Type(Peelable Films, Resealable Films), By Application(Trays, Cups & Bowls, Jars), By End-User(Meat, Poultry, & Seafood, Dairy Products), By Region - Industry Forecast 2024-2031


Report ID: SQSG15A2029 | Region: Global | Published Date: April, 2024
Pages: 260 | Tables: 123 | Figures: 72

Anti-Fog Lidding Films Market Dynamics

Anti-Fog Lidding Films Market Drivers

  • Rising demand for packaged food and beverage goods: Food and Beverage product manufacturers select packaging materials that increase food shelf life. However, the creation of fog on vegetables and fruits with a high moisture content causes an estimated 50% of packed food intended for human consumption to degrade. By offering modified environment packaging that can aid in the preservation and shelf life extension of perishable commodities, anti-fog lidding films can significantly reduce such losses. These coatings also serve as aroma barriers. Additionally, because these sheets are thin, they greatly lessen the packaging's overall weight. During the projected period, these variables are anticipated to aid in the market's expansion.
  • Globally, consumers are becoming more concerned about food and its packaging's hygiene. Enhancing packaging solutions by adding specialized features to them is an effective way to produce hygienic packaged food that is free of microorganisms and bacteria. Due to their ability to completely seal the product and prevent contamination, lidding films are now being used more frequently. Accordingly, it is anticipated that this will significantly increase the use of anti-fog lidding films in the packaging of fresh produce, meat, and dairy products. Independent studies have demonstrated that when consumers experience difficulties unpacking a product, they are very quick to switch to another brand. A packaging strategy that is focused on the needs of the consumer is now necessary. The main goal is still to create a product that is simple to open during consumption and that can be transported without incident. Manufacturers use anti-fogging lidding films for their lidding applications in order to accomplish this.

Anti-Fog Lidding Films Market Restraints

  • The erratic nature of the prices of raw materials: The expansion of the worldwide anti-fog lidding films market is being hampered by the volatile price of petroleum-based raw materials. The price of Brent crude oil jumped from US$ 41.69 per barrel in 2020 to US$ 70.89 per barrel in 2021, according to the US Energy Information Administration. Brent crude oil's price jumped once again in 2022, rising from US$ 70.89 per barrel to US$ 103.35 per barrel. Variations in their costs can cause uncertainty in the market because petroleum derivatives are some of the raw ingredients used frequently to make anti-fog lidding films. These elements may limit market expansion throughout the anticipated time frame.
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FAQs

The anti fog lidding films market will grow at a CAGR of 5.80% over the forecast period (2022-2028).

The polythene anti-fog kidding films segment holds the largest market share on the basis of material type.

Anti-Fog Lidding Films Market size was valued to be USD 383.20 million in 2019, and it is expected to grow from USD 405.4 in 2019 and reach USD 712.43 billion by 2031, at a CAGR of 5.80% over the forecast period (2024-2031).

The anti-fog lidding film market is moderately fragmented globally. This study analyses the competitive environment of the market and contains details on the products provided by major firms in order to aid customers in strengthening their market positions. This market research study on anti-fog lidding films also provides details on forthcoming trends and obstacles to market expansion. This will assist businesses in developing plans to take full advantage of up and coming growth prospects. 'Amcor Plc (Australia)', 'Uflex Ltd. (India)', 'Toray Plastics (America), Inc. (US)', 'Plastopil Hazorea Company Ltd (Israel)', 'Effegidi International S.p.A. (Italy)', 'Sealed Air Corp. (US)', 'Berry Inc. (US)', 'Flexopack SA. (Greece)', 'Winpak Ltd. (Canada)', 'Coveris Holdings SA (Austria)', 'Flair Flexible Packaging Corporation (US)', 'Rockwell Solutions Limited (UK)', 'RPC bpi group (UK)', 'Cosmo Films Ltd. (India)', 'Bemis Company Inc. (US)'

Rising demand for packaged food and beverage goods: Food and Beverage product manufacturers select packaging materials that increase food shelf life. However, the creation of fog on vegetables and fruits with a high moisture content causes an estimated 50% of packed food intended for human consumption to degrade. By offering modified environment packaging that can aid in the preservation and shelf life extension of perishable commodities, anti-fog lidding films can significantly reduce such losses. These coatings also serve as aroma barriers. Additionally, because these sheets are thin, they greatly lessen the packaging's overall weight. During the projected period, these variables are anticipated to aid in the market's expansion.

Increasing number of strategic partnerships: Market players are searching for strategies to offer distinctive products. As a result, they are creating alliances with the intention of growing their businesses. For instance, Constantia Flexibles Corp. purchased Propak, one of the packaging film producers in Turkey. Similarly, American Packaging Corporation was bought by Central National Gottesman Inc. (CNG). The acquisition was made with the intention of supplying packaging materials to retail and industrial customers, including those in the pharmaceutical, medical device, and food processing industries.

Based on the region, Asia Pacific held the largest anti-fog lidding films market share. This is due to the region's fast urbanization, industrialization, rise in disposable income, rise in population's cleanliness concerns, and increased emphasis on consumer convenience.  The high consumption of meat, poultry, and fish in the area fuels the expansion of the regional market. The market for anti-fog lidding films has increased in India because of factors such as significant expenditure on ready-to-eat food outside the home, the number of working women, and job possibilities. One of the main drivers of market expansion is an increase in population awareness of the media, literacy rates, and living conditions favorable to food goods that adhere to health and sanitation requirements. Consumers of meat are more focused on the region's meat's nutritional value. The growing health risks from diseases is driving up demand for meat and poultry products that are produced in a clean and hygienic environment.

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Global Anti-Fog Lidding Films Market

Report ID: SQSG15A2029

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