Dual Ovenable Lidding Films Market Expands with Advancements in Sustainable Packaging Solutions

 The global dual ovenable lidding films market continues to demonstrate impressive growth, with worldwide revenues increasing by 2.8% in 2023. According to a new forecast from Future Market Insights (FMI), this upward trajectory is expected to accelerate over the next decade, with the market set to nearly double by 2033, reaching an estimated value of USD 142.3 million.

This remarkable growth is anticipated to be driven by advancements in packaging technologies, an increasing demand for convenient, ready-to-eat meals, and a rising focus on sustainable packaging solutions. The market is expected to grow at a compound annual growth rate (CAGR) of 5.6% over the next ten years, reflecting the growing importance of dual ovenable lidding films in the food packaging industry.

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Dual ovenable lidding films, which can withstand both high and low temperatures, are becoming increasingly popular due to their versatility and ability to preserve food quality and freshness. These films are primarily used in packaging ready-to-eat meals, frozen food products, and convenience foods, offering consumers enhanced convenience and long shelf-life.

Key Takeaways: Dual Ovenable Lidding Films Market

  • The global dual ovenable lidding films market is expected to grow at a CAGR of 5.3% between 2023 and 2033, up from a 3% CAGR recorded during 2016-2022.
  • The United States will dominate the North American market, accounting for around 93.5% of the market share by 2033.
  • France’s dual ovenable lidding films market will grow at a moderate CAGR of 5.8% during the forecast period.
  • Germany, a key player in the food and beverage sector, is anticipated to hold a market share of 30.6% in the Western European market by 2033.
  • The market is set to create an incremental opportunity of USD 61 million by the end of 2033.
  • Polyethylene terephthalate (PET) and polypropylene (PP) are the leading materials used in dual ovenable lidding films, making up 89.3% of the market in 2023.
  • Meat product packaging will continue to dominate the market, holding an estimated share of 45.8% in 2023 and beyond.

Food Sector Expansion Fuels Growth of Dual Ovenable Lidding Films Market

The expansion of the food sector plays a pivotal role in propelling the global dual ovenable lidding films market. The market’s primary driver is its widespread application in the food industry, particularly in response to the growing demand for convenience foods such as prepared meals, frozen foods, and meat. With an increasing preference for easy-to-purchase and consume food items, the food industry’s growth presents lucrative opportunities for manufacturers worldwide.

As urbanization continues, it is anticipated that over 60% of the global population will reside in urban areas by 2030. This demographic shift is expected to drive a surge in demand for single-serve meals, including frozen foods and processed meat, creating a favorable environment for the dual ovenable lidding films market.

Key manufacturers are responding to the market dynamics by increasingly focusing on producing recyclable offerings, aligning with the rising demand for sustainable packaging solutions and meeting stringent recycling requirements. As consumers prioritize clean and convenient methods of carrying packaged meals, sales are poised to rise, emphasizing the market’s potential for growth in the near future.

Key Players

Amcor PLC.; Berry Global, Inc.; Sealed Air Corporation; Sonoco Products Company; Schur Flexibles Holding GMBH; Toray Plastics (America), Inc; DuPont Teijin Films USA Limited Partnership; Terphane Inc; Flair Flexible Packaging Corporation; Alert Packaging Ltd.; Sirane Ltd.; Clifton Packaging Group Ltd.; Coveris, Inc.; Multi-Plastics Extrusions, Inc.; FFP Packaging Ltd

Dual Ovenable Lidding Films Market by Category

By Material Type:

  • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • Others

By Seal Type:

  • Pealable Seal
  • Permanent Seal

By Application:

  • Prepared Meals
  • Frozen Foods
  • Meat Products
  • Dairy Products
  • Others

By Region:

  • North America
  • Latin America
  • APEJ
  • Western Europe
  • Eastern Europe
  • MEA
  • Japan

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