Die Cut Lids Market: Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2023 to 2030
The global Die Cut Lids market is set to enjoy a market valuation of USD 712.4 Million in 2023, and register a CAGR of 5.3% to reach USD 1.19 Billion by 2030.
Die Cut Lids Market Overview:
Die-cut lids are attractive and safe packaging solutions, mainly used to extend the shelf life of products. It is widely used in the packaging of curd, milk, yogurt, fruit juice and other foods that are mainly packaged in cups and need to be covered. These lids can be used on products such as glass, PP, PET, ceramic mugs and bottles to prevent microbial contamination. Die-cut lids are made of plastic, paper, and aluminum foil for easy disposal, too. They provide convenience when opening food products, as they are easy to pull, which contributes to the user-friendliness of the product.
Die Cut Lids market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Die Cut Lids market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Die Cut Lids market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Significant Die Cut Lids Market Dynamics and Growth Factors:
The growth of the global dairy industry is primarily driving the market growth for die-cut lids. According to the Food and Agriculture Organization of the United Nations, global milk production was estimated at 843 million tonnes in 2018, a 2.2% increase from 2017, driven by increases in milk production in countries such as India, Turkey, the European Union, the United States of America and Argentina.
Expanding organized retail industry across the globe is expected to drive the die-cut lids market growth. Due to the growth of the retail industry, organized retail consumers buy fermented foods such as yogurt, curd, instant soups and sauces directly from supermarkets. This increases the popularity of the product. Hence, the growth in organized retailing is expected to drive the die-cut lids market growth.
- In March 2021, Liplid , recently awarded as the world’s best coffee cup lid. They are now planning of collaboration with restaurant chain MAX burger.
- In February 2021, Constantia Flexibles Group GmbH launched new product named as Ecopeel-cover. It is recyclable and has high barrier properties and therefore can be used in various application areas.
Top Key Players include in the Die Cut Lids Market are
Constantia Flexibles, Amcor (Bemis), Winpak, ProAmpac, Quantum Packaging, Tekni-Plex, Watershed Packaging, Placon, Oliver Healthcare Packaging, Platinum Package Group, Packing Factory MILK, Formika, Etimark AG, DERSCHLAG, Al Pack d.o.o., Aluflexpack, and others.
The Die Cut Lids market research report is categorized based on type, applications and region.
On the Basis of Type:
- Paper Die Cut Lids
- Plastic (PET) Die Cut Lid
- Aluminium Die Cut Lid
On the Basis of Application:
- End Use
On the Basis of Region:
Geographically, the global Die Cut Lids market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Die Cut Lids region is dominating this market in the upcoming future.
Asia Pacific dominates the die cut lids market and will continue to do so during the forecast period owing to increasing consumption of prepackaged food and beverages. However, North America will register the highest growth rate over the forecast period 2022 to 2029 owing to the growth of the dairy industry.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Die Cut Lids Market report scope
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Die Cut Lids market?
Who are the key vendors of the global Die Cut Lids market?
What are the leading key industries of the global Die Cut Lids market?
Which factors are responsible for driving the global Die Cut Lids market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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