According to a new report published by Allied Market Research, titled, “Anti-fog Lidding Film Market,” The anti-fog lidding film market size was valued at $675.80 million in 2021, and is estimated to reach $1.3 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.
Anti-fog lidding film is an effective way to reduce the danger of corrosion of the product inside the packaging and also to avoid the formation of fog due to the moisture present in the food product. It is used to seal plastic containers, paperboard prints, or trays for food items such as dairy products, meat, poultry & seafood, and fresh produce, and others.
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The rise in demand for packaged food in various countries such as U.S. Germany, and China is expected to boost the growth of the market. In addition, the anti-fog film provides a consumer-friendly packaging solution that does not leak while the package is shipped. To open the anti-fog lid pack, the consumer simply lifts the tab on the box and if there is food left in the box, it can be stored in the same pack. Manufacturers seek to provide customers with clear visibility of their products by using anti-fog lidding film. These are generally made up of materials such as polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polyvinyl chloride (PVC), and polyamide (PA). These anti-fog lidding films can be used on flexible type of packaging of the food products so that the product inside the packaging can be clearly visible to the consumer. Such factors are anticipated to boost the anti-fog lidding film market growth.
Major players have adopted product launch and acquisition as key strategies to sustain the competition and improve the product portfolio. For instance, in April 2022, ProAmpac launched its unique ProActive PCR® Retort with high-performance retort pouches containing post-consumer recycled materials responding to the increased market demand for post-consumer recycled (PCR) packaging solutions, and it is a leader in flexible packaging.
Europe accounted for highest share of the global anti-fog lidding film market share in terms of revenue in 2021 owing to increase in demand for ready to eat foods that has positive impact on the demand for anti-fog lidding film.
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However, during the COVID-19 pandemic, various manufacturers in the anti-fog lidding film market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of anti-fog lidding film companies. In addition, lack of manpower and constricted supply of raw materials of anti-fog lidding film negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of anti-fog lidding film market opportunities.
KEY FINDINGS OF THE STUDY
- The report provides an extensive analysis of the current and emerging global anti-fog lidding film market trends and dynamics.
- Depending on material, the polyethylene (PE) segment dominated the anti-fog lidding film market, in terms of revenue in 2021 and polyethylene terephthalate (PET) is projected to grow at a significant CAGR during the forecast period.
- By end user industry, the fresh produce segment has registered highest revenue in 2021.
- Europe is projected to register highest growth rate in the coming years.
- The key players within the global anti-fog lidding film market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the anti-fog lidding film industry.
- The anti-fog lidding film market forecast analysis from 2022 to 2031 is included in the report.
- In-depth global anti-fog lidding film market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
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