Global Die Cut Lids Market Size By Type (Paper Die Cut Lids, Plastic (PET) Die Cut Lid), By Application (Cups, Trays), By End Use Industry (Food & Beverage, Pharmaceutical Packaging), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Die Cut Lids Market Size And Forecast

Die Cut Lids Market size was valued at USD 0.11 Billion in 2023 and is projected to reach USD 0.306 Billion by 2030, growing at a CAGR of 1.83% during the forecasted period 2024 to 2030.

The growing demand for die-cut lid packaging across various end-use industries is one of the key factors that is driving the growth of the market. Furthermore, the increasing research and development activities for the development of technologically advanced die-cut lid packaging is also one of the primary key factors that are significantly contributed to the growth of the market. The Global Die Cut Lids Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Die Cut Lids Market Definition

Think of a Die Cut Lid as a packaging superhero – it's that flexible cover you see zipping through those super-fast filling and sealing machines. Because they're already pre-cut and ready to go, they're a popular choice for packaging individual servings or portions. You'll spot these lids everywhere, especially on larger containers in industries like dairy (think yogurt!), sauces, snacks, creams, single-serve meals, and even those convenient brewable beverage pods. The big companies making these lids offer them in all sorts of materials, like paper, plastic, and even shiny aluminum foils. Plus, die-cut lids aren't picky – they work great on polypropylene (PP), glass, ceramic cups, polyethylene terephthalate (PET), and bottles, keeping all sorts of goodies fresh inside. Learn more here!

The die-cut lid solutions are easily peelable while providing protection making them both incredibly reliable and consumer-friendly. Aluminum die-cut lids can provide a total barrier against oxygen transmission and water vapor, as well as light and aroma. Therefore, die-cut lids are an ideal choice for sensitive and extended shelf-life products. Another benefit of aluminum die-cut lids is that they do not require as precise temperature control of the heat-seal heads and can seal within a broad temperature range.

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Global Die Cut Lids Market Overview

The die cut lids are growing in popularity and have become a key component in product packaging. The rising demand for the die cuts lid packaging in the food industry is one of the primary factors that is boosting the growth of the market. The die cut lid packaging offers many more benefits than other types of packaging. Soft dairy food and spoonable food require relatively easy to open without shredding, especially for single-serve, ready-to-use foods like ice cream and yogurt. Rigid packaging lidding comes with coated or laminated layers.

Think of those lids on your yogurt or that frozen dinner – they're usually made of layers of stuff like foil, plastic, paper, or even plastic with a metallic coating. These lidding films need to be easy to peel off, but also create a super strong seal to keep everything inside and prevent leaks. That's why you're seeing more and more of these "die cut" lids, especially in the food world. These lids are thin, sturdy, and clear, making them great for things like frozen food and ice cream. And the big companies are working hard to come up with even better die cut lid designs, which means we can expect to see some cool new packaging options in the future.

However, the stringent government regulation present in the market for the approval and launch of Die Cut Lids Market is one of the key factors which could hinder the growth of the market over the forecast period. Furthermore, the fluctuation in raw material availability is also the primary factor that is limiting the growth of the market.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global die cut lids market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Die Cut Lids Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Die Cut Lids Market Segmentation Analysis

The Global Die Cut Lids Market is Segmented on the basis of Type, Application, End Use Industry, And Geography.

Die Cut Lids Market, By Type

  • Paper Die Cut Lids
  • Plastic (PET) Die Cut Lid
  • Aluminium Die Cut Lids
  • Others

Okay, so when it comes to die cut lids, you've got a few main choicesPaper, Plastic (PET), Aluminium, and, well, others. Back in 2021, the Aluminium Die Cut Lids were the real winners, grabbing the biggest slice of the market. You can get them in all sorts of sizes and with pretty much any design printed on them. Plus, they're a reliable way to seal just about any kind of container – PS, PP, PE, PET, you name it! But here's the kickerAluminium Die Cut Lids are awesome at keeping moisture and oxygen out, which is a big deal. And, since aluminium is totally renewable and recyclable, it's also a solid choice if you're looking for sustainable packaging.

Die Cut Lids Market, By Application

  • Cups
  • Trays
  • Bottles
  • Jars
  • Others

Based on Application, The market is bifurcated into Cups, Trays, Bottles, Jars, and Others. The cup segment held the major market share in the global Die Cut Lids Market in 2021. Growing applications of cups in end-use applications such as dairy food, and ready-to-eat foods are driving the growth of the segment. In addition to this, the bottle segment is anticipated to grow at the highest CAGR over the forecast period. The growing application of die-cut lids in the beverage industry is fueling the growth of the market.

Die Cut Lids Market, By End Use Industry

  • Food & Beverage
  • Pharmaceutical Packaging
  • Others

When we look at who's using die-cut lids, we see the market is split into areas like Food & Beverage, Pharmaceutical Packaging, and other industries. Right now, the food and beverage industry is leading the way – they grabbed the biggest chunk of the market back in 2021. Why? Well, folks are getting more and more worried about keeping their food and drinks safe, and that's pushing them to use die-cut lid packaging. It's all about avoiding those nasty cases of food contamination, spoilage, and recalls that can really hurt a company's wallet and reputation. Die-cut lids offer some serious advantages when it comes to keeping food and beverages safe and sound. On the other hand, pharmaceutical packaging is also seeing a big jump in growth. That's because die-cut lids are great at keeping things sterile and making sure medicines are protected.

Die Cut Lids Market, By Geography

  • North America
  • Europe
  • The Asia Pacific
  • Rest of the world

On the basis of Regional Analysis, the Global Die Cut Lids Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region accounted for the major market share in the global Die Cut Lids Market. The growing packaging industry in the Asia Pacific region is one of the key factors driving the growth of the market.

In addition to this, the rising consumption of packaged food and beverage across the countries such as China and India are driving the growth of the market. Europe region also held a significant market share in the Die Cut Lids Market in 2021. The growing consumption of packaged dairy food such as ice cream and yogurt in the region is propelling the growth of the market

Key Players

The “Global Die Cut Lids Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Amcor (Bemis), Watershed Packaging, ProAmpac, Quantum Packaging, Winpak, Tekni-Plex, Placon, Aluflexpack AG, Constantia Flexibles, Platinum Package Group, Oliver Healthcare Packaging, Formika, Etimark AG, Al Pack d.o.o., Nelipak Corporation, and DERSCHLAG among others. 

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

  • In January 2021, Tekni-Plex announced the distributor agreement with PackPlus Embalagens, for its coated DuPont Tyvek and coated paper rollstock offerings. PackPlus, Brazil, will convert breathable, sterilizable substrates produced by Tekni-Plex into die-cut lids, printed slit rolls, chevron tubing and pouches.
  • In May 2022, Aluflexpack AG signed the acquisition of 80% of Teko, a flexible packaging specialist focused on the dairy and beverage industry in Turkey and surrounding markets. The acquisition will help the company to expand its position in the growing Turkish market and strengthens its existing business in attractive consumer product categories.
  • In June 2022, Oliver Healthcare Packaging launched its innovative products at Med-tech Innovation Expo, which protects medical devices and pharmaceutical products throughout the sterilisation, shipment and storage processes.
  • In December 2022, Nelipak Corporation announced that the company will establish a new flexible packaging production site in Winston-Salem, North Carolina, U.S.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Amcor (Bemis), Watershed Packaging, ProAmpac, Quantum Packaging, Winpak, Tekni-Plex, Placon, Aluflexpack AG, Constantia Flexibles, Platinum Package Group, Oliver Healthcare Packaging.

SEGMENTS COVERED

By Type, By Application, By End Use Industry, And By Geography.

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