The global flexible lid stock packaging market size is anticipated to reach a remarkable value by 2032. The market is poised to exhibit a notable CAGR over 2024 to 2032.

Lid stock films are used for sealing plastic containers, paperboard pints, or trays across several industries. The solutions are used for preventing contact with dust particles, moisture, and light. The soaring product deployment in healthcare and food sectors is touted to impel industry expansion.

Fortune Business Insights™ provides this information in its research report, titled “Flexible Lid Stock Packaging Market, 2024-2032”.

List of Key Players Mentioned in the Report:

  • Huhtamaki (Finland)
  • Sonoco Products Company (U.S.)
  • Constantia Flexibles (Austria)
  • Sealed Air (U.S.)
  • Mas Flexible (Turkey)
  • Berry Global (U.S.)
  • Amcor plc (Australia)
  • Graphic Packaging International (U.S.)
  • KM Packaging Services Ltd. (U.K.)
  • Nosco, Inc. (U.S.)

Segmentation:

Plastic Segment Accounts for Major Share Due to Benefits such as High Durability and Flexibility

On the basis of material, the market for flexible lid stock packaging is fragmented into paper, aluminum, and plastic. The plastic segment holds a dominant share in the global market. This can be attributed to the high cost-efficiency, flexibility, and durability exhibited by this material.

Food Segment Holds Prominent Share Owing to Rising Demand for Fresh Food Products

By end-use industry, the market for flexible lid stock packaging is categorized into medical & pharmaceutical, home care, food, personal care & cosmetics, pet care, and others. The food segment records a leading share in the global market. This is due to the growing demand for fresh vegetables, fruits, meat, and seafood products.

Based on geography, the market for flexible lid stock packaging is divided into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report provides an insight into the key steps adopted by leading players to strengthen their positions in the global market. It also presents the major factors impelling industry expansion and the competitive landscape. A detailed analysis of the industry on the basis of various segments has also been provided in the report.

Drivers and Restraints:

Rising Demand for Case-Ready Meals to Propel Industry Growth

The escalated demand for case-ready meals due to the fast-paced lifestyle of people in numerous countries is anticipated to drive flexible lid stock packaging market growth. The product demand is also surging owing to several features such as high reliability, anti-microbial activity, and barrier properties.

However, concerns associated with cross-contamination that could create hindrances in product recycling may hamper industry expansion.

Regional Insights:

Asia Pacific Leads the Global Market Owing to Rising Demand for Food Products

The Asia Pacific market records a dominating share in the global market. The soaring demand for food products and escalating population are the key factors slated to propel regional expansion.

The North America flexible lid stock packaging market share is poised to surge considering the expansion of the pharmaceutical and medical industries. In addition, the region has a substantial presence of leading manufacturers.

Competitive Landscape:

Key Industry Players Adopt Numerous Strategies to Strengthen Market Positions

Major companies are centered on the launch of new flexible lid stock packaging products to consolidate their market positions. They are also adopting other strategies such as mergers, acquisitions, and collaborations. Such initiatives are also being undertaken to secure an edge over competitors.

Key Industry Development:

March 2024 – Parkside rolled out the PopflexTM lidding film. The solution has been designed for attachment during recycling to reduce the risk of contamination of PP and PE recycling streams due to PET material.

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