Biodegradable Lidding Films Market Competitive Dynamics & Global Outlook 2024

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Biodegradable Lidding Films Market Competitive Dynamics & Global Outlook 2024
Biodegradable Lidding Films Market
Biodegradable Lidding Films Market

The materials that are biodegradable are used in the making of plastic films; these materials include sugarcane, corn starch, or the tapioca products. The thermoplastic aliphatic materials are obtained from the resources that are renewable which include polylactic acid also known as polylactide. The biodegradable lidding films are used in the packaging of the tablets, foods, and the syrup bottles.

In the European market, a new biodegradable peelable lidding film market has been introduced which is made from the cornstarch. The Rockwell Solutions organization in Scotland has proposed that the new BioPeel biodegradable peelable lidding films can be used for the trays and pots. BioPeel is a clear peelable PLA lidding or flows wrap film.

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The global market for the biodegradable lidding films is fragmented into its application, seal type, and the materials used. Based on the application, the global market is segregated into fish, sausages and cured meat, cheese, ready meals, non-food products, fresh meat, poultry, cooked meat, sauces and soups, processed produce. Based on the seal type, the market is categorized into RePeel – multi-use seal, TruSeal – permanent (weld) seal, and TruPeel – peelable seal. Based on the materials used, the market is divided into CAPFILM PE, CAPFILM PP, and CAPFILM PET.

The key factor that is driving the biodegradable lidding films market is the increasing focus of the manufacturers of the films packaging industry to produce the biodegradable lidding films. The users worldwide that are involved in the business of frozen meat and food products are taking initiatives for reducing the carbon footprints. The consumers are now becoming more aware of using clean and eco-friendly materials thus increasing the demand for the biodegradable lidding films.

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Another factor that is supporting the growth of the market is the governments of different countries are encouraging the use of the biodegradable products in various industrial verticals. Certain factors will restrain the growth of the biodegradable lidding films which includes the volatile prices of the raw materials and price fluctuations in the seal types, film materials, and printing inks.

The region that is leading the biodegradable lidding films market is Europe. The biodegradable lidding films are mostly used in the frozen food sector, in order to have hygienic and safe coverages to the food package. The regions that have the highest consumption of the frozen food products are Europe and North America, thus they have a good demand for the biodegradable lidding films. The market will witness a significant growth in the coming years in these regions. The market is also developing in the regions of Asia Pacific region owing to the increasing population and the changing lifestyle of the people.

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The key market players that are involved in the biodegradable lidding films market include Quantum Packaging, Source One Packaging, Clondalkin Flexible Packaging, American Profol Inc., American Profol Inc., Huhtamaki, NJB Packaging, Rockwell Solutions, SealMAX, Xpert Packaging Inc., Innovia Films Inc., International Paper and Plastic, National Flexible, and others.

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