Report : North America and South America Anti-Fog Lidding Films Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material [Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), and Others], Application (Trays; Cups and Bowls; and Jars), and End Use (Meat, Poultry, and Seafood; Dairy Products; Fresh Produce; Bakery and Confectionary; Ready Meals; and Others)
Rise in Demand for Packaged and Ready-to-Eat Food to Escalate Growth of Anti Fog Lidding Films Market During 2020–2028
According to our latest market study on “Anti-Fog Lidding Films Market Forecast to 2028 – COVID-19 Impact and Analysis – by Material [Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), and Others], Application (Trays, Cups and Bowls, and Jars), and End Use (Meat, Poultry, and Seafood, Dairy Products, Fresh Produce, Bakery and Confectionary, Ready Meals, and Others),” the market was valued at US$ 172.01 million in 2020 and is projected to reach US$ 251.71 million by 2028; it is expected to grow at a CAGR of 4.9% from 2020 to 2028. The report highlights key factors driving the market and prominent players along with their developments in the market.
Ready-to-eat food is now considered to be the closest alternative to regular food items and homemade food, and it can be consumed at any hour of the day. Young consumers spend most of their income on convenient ready-to-eat food. Increase in urbanization in developing economies and adoption of on-the-go consumption habits among consumers as a result of their fast-paced lifestyle have surged the demand for packaged and ready-to-eat foods. Besides, increase in number of single-person households has also augmented the demand.
The most vital role played by anti-fog lidding films in packaged or ready-to-eat foods is protection and preservation. Consumers are gravitating toward food packaging with an easy-peel and a strong seal. Anti-fog lidding films are one-way packages that are commonly used as a closure on plastic bowls or trays. In addition, it provides various benefits such as protecting products from contamination, extending product shelf life, and providing ease of use. Anti-fog lidding films also help in keeping the ready-to-eat food or packaged food articles moist inside the refrigerator and retaining the flavor or taste. Besides this, anti-fog lidding films also help in reducing wastage of ready-to-eat foods, tag information related to food, ease the logistics & distribution process, and enhance the microwave ability and visibility of the packaged and ready-to-eat food items. Owing to all the aforementioned reasons, the manufacturers, leading restaurants, and food & beverages stores have identified the use of anti-fog lidding films for the ready-to-eat and packaged food items. Thus, surge in demand for ready-to-eat and packaged foods is expected to bolster the demand for anti-fog lidding films.
UFLEX LTD.; Toray Plastics (America), Inc.; Plastopilhazorea Company Ltd; Sealed Air Corp; Berry Global Inc.; Winpak Ltd.; Green Packaging Material (Jiangyin) CO. Ltd.; Vitopel; KM Packaging; and Flair Flexible Packaging Corporation are among the well-established players operating in the anti-fog lidding films market.
Impact of COVID-19 Pandemic on Anti- Fog Lidding Films Market
The ongoing COVID-19 pandemic has altered the status of the anti-fog lidding films industry. The COVID-19 pandemic has had a mixed effect on this industry. Travel bans and restricted operations negatively impacted the market growth. However, due to the increased demand for essential food products and shelf-stable foods, packaged foods & beverages are seeing a boom in the market. The demand for grocery and dairy products is increasing, which is boosting the revenue for anti-fog lidding films, vacuum packaging, trays, protective films, PVC films, and shelf life-extending modified atmospheric packaging. The market is reviving on account of significant measures taken by the governments such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. Hence, with opening of several growth markets in the region, increase in demand for packaged food, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the demand for anti-fog lidding films is anticipated to grow at a positive and steady pace in the coming years.
Based on material, the North America and South America anti-fog lidding film market is segmented into polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polyvinyl chloride (PVC), and others. In terms of application, the market is segmented into trays, cups and bowls, and jars. Based on end use, the market is segmented into meat, poultry, and seafood, dairy products, fresh produce, bakery and confectionary, ready meals, and others. Based on geography, the market is segmented into North America and South America (SAM). By country, North America is categorized into US, Canada, and Mexico. Based on country, South America is segmented into Brazil, Argentina, and Rest of SAM.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com