United States Lidding Film Market Report and Forecast 2024-2032

United States Lidding Film Market Size

The United States lidding film market value reached USD 807.50 million in 2023. During the forecast period between 2024 and 2032, the market is expected to grow at a CAGR of 5.1% to reach around USD 1,263.47 million by 2032.

United States Lidding Film Market Outlook

The fast-paced American lifestyle has led to an increasing demand for ready-to-eat or packaged food products, which has also driven the demand for eco-friendly packaging solutions like lidding films. Moreover, the rising popularity of food delivery services and online grocery shopping has also fuelled the lidding films demand in United States as these films preserve freshness and ensures hygienic delivery. Reportedly, the USDA (Department of Agriculture) recently granted USD 5 million to expand the Supplemental Nutrition Assistance Program (SNAP) online grocery shopping platform. This is creating opportunities for lidding film makers.

Also, lidding films are eco-friendly, cost-efficient, and versatile, which have encouraged their use beyond food and beverage industries, such as in pharmaceutical and personal care industries. As consumers of US seek substitutes to traditional plastic products, the United States lidding film market revenue is expected to grow. Moreover, strict regulations and quality standards prevailing in the food sector have made tamper-evident packaging mandatory, thereby positively influencing lidding film demand.

Rising Use of Polyethylene-Based Materials in Making Lidding Films is One of the Crucial United States Lidding Film Market Trends

By material type, polypropylene segment is anticipated to have the highest growth rate in the market with a CAGR of 5.6% from 2024 to 2032. Polyethylene follows closely with a CAGR of 5.4%, while polyethylene terephthalate is projected to grow at a rate of 4.9%. According to United States lidding film industry analysis, other materials will see a growth rate of 4.6%. This indicates a strong preference for polypropylene and polyethylene materials in the lidding film market due to their beneficial properties and applications.

Food and Beverage Sector Holds a Significant United States Lidding Film Market Share Due to Growing Shift Towards Online Food Delivery

The market segmentation by application shows that the food and beverage sector will dominate the market with the highest CAGR of 5.8% over the forecast period. The pharmaceuticals sector is expected to grow at a CAGR of 5.5%, highlighting the increasing use of lidding films in medical packaging, which is also a key trend in the United States lidding film market. The personal care sector is projected to see a growth rate of 5.0%, while other applications will have a CAGR of 4.8%. This growth across various applications underscores the versatility and increasing demand for lidding films in the United States.

United States Lidding Film Market Regional Insights Showcases that All the Regions are Expected to Exhibit Varied Growth Rates in the Future

The Far West region is expected to lead with the highest compound annual growth rate (CAGR) of 5.9%, followed by the Rocky Mountain region at 5.5%. The Southwest and Southeast regions are also set to witness substantial growth with CAGRs of 5.3% and 5.0%, respectively. Other regions, including New England (4.7%), the Mideast (4.4%), the Plains (4.1%), and the Great Lakes (3.8%), will also contribute to the overall growth of the United States lidding film market, which has a global average CAGR of 5.1%.

Key Questions Answered in the Report:

• How has the United States lidding film market performed historically, and what are the growth expectations for the future? 

• What are the primary factors influencing demand and growth in the United States lidding film market? 

• What are the key segments within the United States lidding film market, and how are they expected to evolve over the forecast period? 

• What are the major challenges and opportunities facing stakeholders in the United States lidding film market? 

• Who are the key players in the United States lidding film market, and what strategies are they employing to maintain a competitive edge? 

• What are the regulatory and policy factors influencing the United States lidding film market globally or regionally? 

• How competitive is the United States lidding film market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers? 

• What are the current trends shaping the United States lidding film market landscape, and how are they expected to evolve in the future? 

• How are technological advancements impacting the United States lidding film market, and what role do innovation and R&D play in driving growth? 

• What are the consumer preferences and buying behavior trends influencing the United States lidding film market? 

• How sustainable are current growth rates in the United States lidding film market, and what factors could potentially disrupt these trends? 

• What are the regional dynamics within the United States lidding film market, and how do they contribute to overall market growth? 

• What are the economic factors influencing the United States lidding film market, such as GDP growth, inflation rates, and currency fluctuations? 

• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States lidding film market? 

• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States lidding film market? 

• What are the regulatory and legal frameworks impacting the United States lidding film market globally or in key regions? 

• How are changing consumer lifestyles and preferences influencing product or service demand within the United States lidding film market? 

• What are the emerging market trends and niche opportunities within the United States lidding film market that stakeholders should be aware of? 

• How resilient is the United States lidding film market to external shocks or disruptions, such as geopolitical tensions or natural disasters? 

• What are the potential barriers to market entry and growth for new players in the United States lidding film market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States lidding film market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States lidding film industry. 

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States lidding film market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States lidding film market landscape.

Key Highlights of the Report