The global die-cut lids market
features a moderately consolidated at present, but could witness entry
of several new participants rendering the market to be competitive, says
a new report by Transparency Market Research (TMR). In the highly
competitive market, players are strategizing on organic and inorganic
growth to strengthen their footprint in emerging markets. Players are
focused to leverage their core business strengths to bring new products
to the market with reduced turnaround time. Efforts for the design and
technological aspects of packaging is also the focus of companies in the
market to tap opportunities in emerging markets.
Some of the leading companies operating
in the global die-cut lids market are Amcor Limited, Winpak Ltd., Bemis
Inc., Sealed Air Corporation, CLONDALKIN GROUP, Constantia Packaging,
and Watershed Packaging.
TMR estimates that the global die-cut
lids market is expected to be valued at US$852.2 mn by 2025 increasing
from a valuation of US$515.2 mn in 2016 at a CAGR of 5.9% between 2017
and 2025. The die-cut lids market is expected to rise at a CAGR of 5.2%
between 2017 and 2025 in terms of volume.
Request to View Brochure of Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=22391
The material type segments of the global
die-cut lids market are paper, plastic, aluminum, and others. Of these,
aluminum is expected to be the most attractive segment and account for
68.8% of the market by the end of 2017. Food products is expected to
display the leading growth rate over the forecast period with the
segment accounting for 80.4% of the market by the end of 2017. The
report studies the global die-cut lids market with respect to the
regional markets of North America, Europe, Asia Pacific, Latin America,
and the Middle East and Africa. Asia Pacific is anticipated to be the
most attractive market displaying a CAGR of 7.0% between 2017 and 2025.
Rising Demand for Processed Food Vital for Die-cut Lids Market
The key factor stoking growth of the
die-cut lids market is burgeoning demand for dairy products such as
yoghurt and cheese. The importance for safe and attractive packaging to
increase the shelf life of dairy products not found in primary packaging
has led to the adoption of die-cut lids packaging.
0 comments:
Post a Comment