According to Future Market Insights, the lidding film market is estimated to grow at a CAGR of 4%, reaching $4 billion by 2027. While comprised of several different types of lidding films, breathable lidding film plays a significant role in this market’s success.
Gain insight into this market’s dynamics and smart adhesives for it.
Breathable Lidding Film Market Growth Factors
In the U.S., half of fresh produce is wasted due to short shelf life. Breathable lidding film helps address this issue by controlling the oxygen transmission rate in packaging with its micro-perforations.
This capability fuels market growth, especially due to the following factors:
- Rise in population
- Decrease in cultivation areas
- Developed nations’ influence on emerging economies
- Rise in modern retail outlets
Furthermore, breathable lidding film is able to benefit a variety of end-use products, which also aids in its growth. These include:
- Baking and confectionary
- Fruits and vegetables
- Dried fruits
Breathable Lidding Film Market Share
While its growth expands many regions, currently North America and Western Europe lead the breathable lidding film market. With the largest market share, this is due to consumers’ lifestyles in these regions as well packaging manufacturers’ ability to align with and meet their needs.
However, the Latin America and Asia-Pacific regions are expected to see the most growth from now until 2027, stemming from their emerging economies.
Smart Lidding Adhesives
As breathable film lidding rises in popularity and demand, adhesives used in its manufacturing will increase, too. Adhesives play an important role in packaging’s functionality and aesthetics. For information on smart adhesives that aid in product success, call 800-7-BOSTIK, or visit www.bostik.com/us.