DIE CUT LIDS MARKET ANALYSIS

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DIE CUT LIDS MARKET ANALYSIS

• Die Cut Lids Market, By Material Type (Paper,
  Aluminum foil, Plastic (Polyethylene
  Terephthalate (PET), Polyethylene (PE),
  Polypropylene (PP)), Others), By Form Type (Reel,
  Pre-Cut), By End-User Industry (Food Products
  (Dairy Dairy Products (Milk, Ice Cream,
  Custard, Yogurt, Cheese Sour cream, Margarine
  Butter)), Sauces, Dips, and Dressings, Meat,
  Poultry Seafood, Ready to Eat Meals, Coffee,
  Others (Dry fruit, Snacks, etc.) Beverages
  (Juices, Flavored Drinks, Water, Others (Energy
  Drinks, etc.)), Health Care Applications Other
  Applications, (Chemicals, Solvents, etc.)), By
  Application (Cups, Trays, Bottles, Jars), and By
  Region (North America, Latin America, Europe,
  Asia-Pacific, Middle-East Africa) - Size,
  Share, Outlook, and Opportunity Analysis, 2019 -
  2027

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• Die-cut lids are attractive and safe packaging
  solutions that are basically used to increase the
  shelf-life of the product. They are widely used
  to package the food products such as curd, milk,
  yogurts, juices, etc. which are mainly packed in
  cups and thus require a lid. These lids can be
  used on the products such as glass, PP, PET,
  ceramic cups and bottles to prevent microbial
  contamination. The die-cut lids are produced from
  plastic, paper, and aluminum foils and are also
  easy for disposal. They offer convenience at the
  opening of the food product as they are easy to
  pull which contributing to the user-friendly
  nature of the product.
• The global die cut lids market is projected to
  surpass US 900 million by the end of 2027, in
  terms of revenue, growing at CAGR of 6.0 during
  the forecast period (2019 to 2027).

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• Drivers
• Growth in the dairy industry around the globe is
  predominantly fueling the market growth of
  die-cut lids. According to the Food and
  agriculture organization of the United Nations,
  the Global milk output in 2018 is estimated at
  843 million tons, an increase of 2.2 from 2017,
  which is influenced by growth in the production
  of milk across India, Turkey, the European Union,
  the United States of America and Argentina.
• Expanding organized retail sector around the
  globe is projected to propel the market growth of
  the die-cut lids. Due to growing the retail
  organized retail sector consumer is directly
  purchasing fermented food products such as
  yogurt, curd, instant soups, sipping sauces from
  the supermarkets. This increases product
  visibility. Thus, growth in the organized retail
  sector is expected to propel the market growth of
  die-cut lids.
• Regionally, Asia-pacific dominated the global die
  cut lids market in 2018, reporting 37 market
  share in terms of revenue, followed by Europe and
  North America, respectively.
• Market Restraints
• The rising popularity of is affecting the demand
  for die cut lids packaging solution. Die-cut lids
  do not provide proper physical protection due to
  which there is a high chance of puncture and thus
  require very gentle handling throughout the
  production process which is not in the case of
  flexible packaging. This factor is expected to
  restrict the adoption of the die-cut lids which
  in turn hindering the market growth.
• The price factor is another major concern that is
  restricting the adoption of die-cut lids
  packaging among manufacturer and this is expected
  to hamper the market growth over the forecast
  period.

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Figure 1. Global Die Cut Lids Market, Revenue
Share (), By Regions, 2018
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• Market Opportunities
• Rising use of die-cut lids as a new marketing
  tool for visibility of the brand and to increase
  the sale of the product is expected to provide
  enormous growth opportunity to the market of the
  die-cut lid over the forecast period. Many brand
  owners utilizing the opportunity to use printed
  die-cut lids as a promotional medium. Thus,
  die-cut lids as a new marketing tool are gaining
  traction in the market and this is projected to
  foster market growth.
• Growth in the food packaging industry is expected
  to propel the market growth of die-cut lids in
  the near future. According to the Coherent Market
  Insights analysis, the global packaged food
  industry was valued at US 2.80 trillion in 2015
  and is predicted to reach US 3 trillion by 2020,
  driven by various allied industries such as
  packaging. This is expected to fuel market growth
  over the forecast period.

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Figure 2. Global Die Cut Lids Market
Opportunity Analysis
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Market Trends The market of die-cut lids is
experiencing an ongoing trend of various
strategic mergers and acquisitions among major
players seeking to expand their business on the
global level. For instance, in May 2016,
Constantia Flexible took over TR Alucap S.r.l.,
Italys leading dairy lidding company, to improve
its brand position in Europe. Hence, the rising
number of mergers and acquisitions is expected to
augment the market growth over the forecast
period. Growing demand for die-cut lid from
health care applications for the packaging of
injections and the other drugs is expected to
fuel the market growth of the die-cut lid over
the forecast period. The growth of the market can
also be attributed to the growth of the medical
packaging industry around the globe. On the basis
of end-user industry, food products dominated the
global die cut lids market in 2018 with around
80 of market share in terms of revenue, followed
beverages and healthcare, respectively. Competitiv
e Section Key players operating in the global die
cut lids market are Amcor Limited, Bemis, Inc.,
Winpak Ltd., Sealed Air Corporation, CLONDALKIN
GROUP, Constantia Packaging, Watershed packaging
Ltd, Berry Plastics Group, Inc., Uflex Ltd.,
Tadbik Ltd., and Barger Packaging, Inc. Few
Recent Developments Amcor Limited  In January
2015, Amcor Flexibles Launched Amcor opening
feature (AOF) in child-resistant push-through
blister lidding to complement the companys
diverse product portfolio in pharmaceutical
packaging In January 2016, Amcor Limited acquired
Deluxe Packages, a manufacturer of
high-performance flexible packaging products
based in North America In September 2015, Amcor
Limited launched AmLite, a high-barrier and
metal-free packaging product
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Figure 3. Global Die Cut Lids Market, Revenue
Share (), By Wall Material, in 2018
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Figure 4. Global Die Cut Lids Market Value
Chain Analysis
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